South Korea Postpones 20% Tax On Crypto Gains To 2025

South Korea Postpones 20 Tax On Crypto Gains To 2025

Image: Shutterstock The South Korean government has been mulling its plan to impose a 20% tax on all crypto revenue through 2025. On Thursday, government officials announced their new tax reform plans, declaring the crypto tax policy to 2025, citing stagnant market conditions and the time needed to prepare the investor for protective measures. The … Read more

South Korea Opens Investigation Into $3.1 Billion Crypto-Related Foreign Exchange Transactions

South Korea Opens Investigation Into 31 Billion Crypto Related Foreign

South Korean regulators are investigating $3.1 billion in “abnormal” foreign exchange transactions at two of the country’s largest commercial banks for possible money laundering related to crypto investments. Unusual currency transactions worth 4.1 trillion won ($3.1 billion) have taken place at two Korean banks – Woori Bank and Shinhan Bank – since February 2021, the … Read more

Today In Crypto: DeBridge Attack Blamed On North Korea

Today In Crypto DeBridge Attack Blamed On North Korea

DeBridge Finance, a cross-chain protocol that fell victim to an email cyberattack, said the attack likely originated from North Korean group Lazarus, Coindesk wrote on Friday (August 5). The attack came from an email address mimicking that of Alex Smirnov, the co-founder of deBridge. Many employees reported the suspicious email, although one of them downloaded … Read more

Cryptocurrencies Stolen by North Korea Drop in Value Amid General Market Crash Could Harm Its Nuclear Weapons Program | North Korea | Cryptocurrency

According to a new report, the value of crypto earnings ill-gotten of North Korea has fallen, which could have an impact on its nuclear weapons program. According to a Reuters reportthe value of cryptocurrencies stolen by North Korea has plummeted amid the general market collapse, which could jeopardize funding for its weapons programs. The country … Read more

Crypto Crash Threatens Stolen North Korea Funds As It Accelerates Weapons Testing

SEOUL, June 29 (Reuters) – Slumping cryptocurrency markets have wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key funding source for the stricken country. sanctions and its weapons programs. North Korea has invested resources in cryptocurrency theft in recent years, making it a potent hacking … Read more

Solana commits $100 million to Web 3.0 projects in South Korea

Solana commits 100 million to Web 30 projects in South

Solana’s fund aims to promote the growth of non-fungible tokens (NFTs), blockchain games, and decentralized finance (DeFi) initiatives in the country. Solana bets on Korean gaming According to Austin Federa, head of communications at Solana Labs, the fund is powered by capital from the Solana community treasury, in addition to the capital pool of the … Read more

North Korea | Washington sanctions a cryptocurrency “mixer” for the first time

Video Games Embracer acquires the two Montreal studios of

(Washington) The United States imposed financial sanctions on Friday “for the first time” on a “cryptocurrency mixer”, a sophisticated service accused in this case of involvement in the laundering of virtual money by North Korea. Posted at 9:38 This ‘blender’, Blender.io, is accused by the US Treasury of helping launder some of the spoils of … Read more

North Korea, NFT And A Hit Video Game: Inside A $500 Million Cryptocurrency Heist | Blockchain – Tech Tribune France

LLast month, hackers got away with what was then worth more than $500 million from Ronin cryptocurrency network systems, in what is believed to be the second-largest cryptocurrency heist on record. . Ronin was a juicy target for a hacker. The blockchain project supports the hugely popular video game Axie Infinity, which, with around 8 … Read more

North Korea linked to $615 million crypto heist, US says – Reuters News in France and abroad

North Korea linked to 615 million crypto heist US says

North Korean state-backed hacking collective Lazarus Group is linked to a massive cryptocurrency hack that led to the theft of $615 million in digital assets, according to US officials. On Thursday, the Treasury Department’s Office of Foreign Assets Control announcement new sanctions against an ethereum wallet belonging to Lazarus. According to crypto researchers, the identified … Read more

US Cryptocurrency Developer Jailed For Helping North Korea Evade Sanctions | Scientific and Technical News – Tech Tribune France

1649891495 US Cryptocurrency Developer Jailed For Helping North Korea Evade Sanctions

A US cryptocurrency developer has been jailed for five years for helping the North Korean regime evade US sanctions imposed over its nuclear weapons program. Virgil Griffith, 39, pleaded guilty last September to traveling to North Korea – officially the Democratic People’s Republic of Korea (DPRK) – to attend a blockchain conference in the capital … Read more