Tag: Korea

Gaming Giant Animoca Brands Reveals Ban Against Russian Users, Co-Founder Compares Russia to North Korea – Bitcoin News

[ad_1] Blockchain gaming firm Animoca Brands has revealed the company is breaking ties with Russian users following the Ukraine invasion that started seven days ago. Animoca Brands co-founder Yat Siu noted in an interview that the company received legal advice about the situation and the Animoca executive compared the newly sanctioned Russia to North Korea. Animoca Brands Restricts Russian Users From Leveraging Firm’s Blockchain Gaming Products According to the Hong Kong-based blockchain gaming giant Animoca Brands, the company is imposing restrictions on Russian users. Animoca Brands’ overarching ban follows a…

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Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs   – Bitcoin News

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[ad_1] Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing. Ruling Party of South Korea to Collect Crypto Funds for Presidential Bid The Democratic Party of Korea, the country’s leading political force, is going to raise election funds through cryptocurrency and issue receipts to donors in the form of…

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Acid, Bitcoin mining and a bad trip to North Korea

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[ad_1] Ethan Lou is a journalist turned Bitcoin miner turned two-time author whose latest book, Once a Bitcoin Miner: Scandal and Turmoil in the Cryptocurrency Wild West, is a modern western recount a gloomy millennial’s rebirth in the wild west of crypto — complete with scammers, party drugs and a North Korean crypto conference. “Want to go to a crypto conference in North Korea in April?” is not a common question, but was asked of me by Lou in early 2019. The Pyongyang Blockchain and Cryptocurrency Conference, attended by about…

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Crypto Fraud Reports in South Korea Surged Over 41% in 2020, Says Financial Watchdog – News Bitcoin News

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[ad_1] Although bitcoin prices plummeted over the weekend, the overall bull-run remains alive, as well as the crypto-related fraud cases in South Korea. The latest figures by the domestic financial watchdog show that such incidents are still on the rise. Police to Dedicate a Special Unit to Investigate Crypto Frauds According to Asia Kyungjae, the Financial Supervisory Service (FSS) revealed that crypto fraud reports skyrocketed by over 41.6% yearly. The statistics from the FSS from January to October 2020 show that the 41,6% increase belongs to 555 cases of suspicious…

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