Cryptocurrency 

South Korea Is Hoping for Regulatory Clarity as Crypto Laws Toughen

South Korean regulators seems to strongly favor blockchain over cryptocurrencies, and some recent events have further proven this hypothesis. As a result, as much as 97% of local digital assets exchanges are in danger of extinction, local reports suggest.  Meanwhile, local politicians and regulators have started lobbying a new set of regulations, which could finally bring some clarity into this complex but crucial cryptocurrency market. So, how likely are they to succeed, and what are the main obstacles? With the opening of Korean headquarters in Seoul, Cointelegraph looks deeper into…

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Cryptocurrency 

North Korea Needs Its Own National Crypto, CBDC Fever Spreads in Asia

It seems that a movement to create a national cryptocurrency is gaining momentum in Asia. Following China, the North Korean authorities announced their readiness to issue digital money and even indicated the availability of all required resources — both technical and human — to implement this task.  Will the government of the most isolated country in the world go further than its Asian neighbor, or is this just another attempt to scare the United States? Among the reasons for issuing a North Korean digital coin, experts name the circumvention of…

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Bitcoin 

North Korea in Early Stages of Building Own Cryptocurrency

A North Korean representative reportedly said that the country is in the early stages of developing its own Bitcoin (BTC)-like cryptocurrency. North Korea trying to evade international sanctions On Sept. 18, Vice news reported that the Democratic People’s Republic of Korea (DPRK) is developing its own cryptocurrency in an attempt to evade international sanctions and find a way around “the U.S.-dominated global financial system”. Alejandro Cao de Benos, the official representative in charge of North Korea’s cryptocurrency conferences added that its yet-to-be-named cryptocurrency will be more like Bitcoin or other…

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Bitcoin 

South Korea Hardest Hit By North Korean Cyber Attacks

The United Nations is investigating 35 North Korean cyberattacks across 17 countries, according to a report published Aug. 13 by Associated Press. This follows last week’s leaked summary of the report, stating that $2 billion had been hacked by the nation thus far to fund weapons programs. The majority of incidents being probed were carried out via one of three main attack vectors. South Korea bore the brunt of most attacks South Korea is by far the favorite target, suffering 10 of the attacks detailed in the report, with India…

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Bitcoin 

Naughty North Korea, India’s Bombshell, LTC Flops

U.S. Federal Reserve launching payment system, crypto bulls nonplussed The United States Federal Reserve left some crypto enthusiasts unimpressed this week when it unveiled plans to release a real-time payments and settlements service. Known as FedNow, it is hoped the infrastructure will lead to faster transactions 24 hours a day, seven days a week. Presently, it is set to launch some time in 2023 or 2024. Morgan Creek Digital Assets co-founder Anthony Pompliano was dismissive of the plans, tweeting: “Bitcoin is already available.” Despite his oozing sarcasm, other crypto-related companies…

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Bitcoin 

North Korea Hacks Cryptocurrency Exchange With ‘First’ macOS Malware

North Korean hackers have infected a cryptocurrency exchange with malware for both Windows and macOS for reportedly the first time, Russian internet security company Kaspersky Lab announced Thursday, August 23. In Kaspersky’s report, the company reveals the malware — dubbed “AppleJeus” — made its way into the systems of an unnamed exchange after an employee downloaded a “tainted” app. Kaspersky now believes the app came from a fake developer with fake security certificates in a major operation by North Korean hacker collective Lazarus Group. The malware aimed to steal cryptocurrency…

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