Bitcoin News
FTX says US$415 mln in crypto hacked since bankruptcy filing
Bankrupt crypto exchange FTX told creditors that it lost around US$415 million worth of cryptocurrencies to hacks since it filed for bankruptcy.
Danny Park
Contributor
Danny Park
Danny is a journalist at Forkast.News. Originally from South Korea, Danny has produced content for media companies in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Business Marketing from the University of Hong Kong.
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Bitcoin News
Markets: Bitcoin inches up, Ether slips; China posts 3% GDP growth for 2022
Bitcoin inched up and Ether slipped in Tuesday afternoon trading in Asia, with most other top 10 cryptocurrencies trading lower on the day.
Danny Park
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Metaverse Platforms
South Korea launches online metaverse replica of capital city Seoul to improve public services
S. Korea’s capital city opened the first stage of ‘Metaverse Seoul’ on Monday, which it claims is the first city-backed public metaverse in the world.
Danny Park
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Regulation
S. Korean court says NFT game items are speculative, adds on to P2E ban
A South Korean court ruled against the release of a blockchain P2E game last Friday after determining that in-game NFTs promote speculation.
Danny Park
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Crypto Trading and Strategies
Monex Group expresses interest in bidding in upcoming sale of FTX Japan: Bloomberg
Tokyo-based online brokerage Monex Group Inc. indicated it may join the bidding for the Japan subsidiary of the failed FTX cryptocurrency exchange.
Danny Park
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Altcoins
Markets: Bitcoin, Ether rises; Solana is biggest gainer among top 10
Bitcoin and Ether gained in Monday afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies.
Danny Park
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Regulation
CEO of South Korea’s V Global US$2 bln crypto pyramid scheme gets 25 years in prison
Lee Byung-gul, the CEO of V Global, will serve 25 years in prison after his conviction was upheld by the Supreme Court of Korea on Friday.
Danny Park
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Regulation
Why is it harder to arrest Terra-Luna founder Do Kwon than FTX’s Sam Bankman-Fried?
South Korea’s attempts to extradite the founder of the collapsed Terra-Luna stablecoin will remain hamstrung while the courts in Seoul dispute the charges against him.
Danny Park
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Altcoins
Crypto.com announces 20% cut in headcount, cites post-FTX market conditions
Crypto.com will lay off 20% of its workforce, its co-founder and chief executive officer Kris Marszalek said Friday in a Twitter post.
Danny Park
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Regulation
Coinbase to cut jobs, shut down most of its cryptocurrency operations in Japan
Coinbase, the world’s second largest cryptocurrency exchange by trade volume, is cutting jobs and closing down most of its operations in Japan.
Danny Park
