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Korea

XRP traders target $1.5 as Ripple-linked token tops bitcoin (BTC) volumes in Korea

XRP traders target $1.5 as Ripple-linked token tops bitcoin (BTC) volumes in Korea

1 week ago by Crypto InsightsCrypto

XRP is back at the top of South Korean trading screens. The token’s won pair was the most traded market on Upbit over the past 24 hours, with about $110.9 million in volume, ahead of bitcoin’s $88.6 million and ether’s $67 million, CoinGecko data shows.… Read More

Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

Judge clears path for Aave to move $71 million in ETH linked to North Korea hack

2 weeks ago by Crypto InsightsCrypto

A Manhattan federal judge has cleared the way for Aave’s recovery effort to move forward after last month’s North Korea-linked rsETH exploit, allowing $71 million in frozen ether to be transferred out of Arbitrum while preserving North Korean terrorism victims’ legal claim on the funds.… Read More

North Korea terror victims escalate fight to seize $71 million from Aave hack

North Korea terror victims escalate fight to seize $71 million from Aave hack

2 weeks ago by Crypto InsightsCrypto

Lawyers seeking to seize $71 million in frozen ether for victims of North Korean terrorism changed their legal strategy Tuesday, arguing in a new court filing that the April 18 rsETH exploit was not theft but fraud, directly countering Aave’s attempt to void a restraining… Read More

Aave asks court to block $71 million crypto seizure tied to North Korea claims

Aave asks court to block $71 million crypto seizure tied to North Korea claims

2 weeks ago by Crypto InsightsCrypto

Leading decentralized lending platform Aave has asked a U.S. federal court to block an attempt by victims of North Korean terrorism to seize about $71 million in crypto frozen after last month’s rsETH-related exploit, escalating a dispute that has already split Arbitrum’s governance. The filing,… Read More

South Korea to pilot blockchain deposit tokens for government spending in Q4

South Korea to pilot blockchain deposit tokens for government spending in Q4

1 month ago by Crypto InsightsCrypto

South Korea’s Ministry of Economy and Finance will begin testing blockchain-based deposit tokens for government spending in the fourth quarter as part of a broader push to modernize how public funds are managed. The ministry said the pilot to spend Treasury funds as digital currency… Read More

$44B BTC blunder puts South Korea regulators on alert

$44B BTC blunder puts South Korea regulators on alert

3 months ago by Crypto InsightsCrypto

South Korea’s top financial watchdog is stepping up oversight of crypto markets days after a local exchange mistakenly distributed billions of dollars worth of bitcoin to users. The Financial Supervisory Service said Sunday it will launch planned investigations into “high-risk” practices that undermine market order,… Read More

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