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Wemade has formed the GAKS alliance, comprising Chainalysis, CertiK, and SentBe, to support the mainnet for a compliant KRW stablecoin after facing various obstacles.
Do Kwon, co-founder of Terraform Labs, urges a US court for a five-year prison term amid ongoing legal challenges in South Korea, where he could face up to 40 years.
Key updates from the crypto world, including the Balancer community's recovery plan and Upbit's security concerns following a hot wallet breach.
Do Kwon, co-founder of Terraform Labs, requests a five-year prison term in the US while facing a possible 40 years in South Korea.
Disagreements over the role of banks threaten to delay the introduction of a framework for stablecoins in South Korea, which was anticipated for this year.
South Korea faces delays in establishing a framework for stablecoins amidst disagreements regarding the involvement of banks in issuance.
Dunamu is poised to enter the US financial market with a Nasdaq listing following its merger with Naver.
Dr. Sangmin Seo, chair of the Kaia DLT Foundation, expresses concerns over the Bank of Korea's emphasis on banks for stablecoin issuance.
The rise in Ether's price can be attributed to significant investments from South Korean retail traders, as detailed by industry expert Samson Mow.
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