Russia’s trade ministry recently announced the development of a tool that aims to assist crypto miners in evading Western sanctions. The Ministry of Industry and Trade claims that this tool will enable Russian businesses to conduct industrial mining activities and facilitate cross-border payments. While the details of the tool remain unclear, Anton Tkachev, the First
Blockchain
A branch of the South Korean High Court has recently handed down a verdict in a high-profile crypto scam case. The convicted scammer, whose identity remains undisclosed due to legal reasons, operated a fraudulent token trading platform for approximately nine and a half years. The case was initially heard in an Ulsan-based district court, which
A recent state visit by South Korean President Yoon Seok-yeol to Saudi Arabia took an unexpected turn when it was revealed that a suspected crypto fraudster had accompanied him as part of the economic delegation. This controversial presence has sparked outrage and raised questions about the selection process and the reputation of South Korea. The
Dogecoin (DOGE) has recently hit its highest level since July, reaching over $0.08. According to CoinMarketCap, the cryptocurrency has seen an increase of around 11% in the last seven days. Although DOGE is currently changing hands at around $0.0775, there is confidence among bulls that a near-term pump towards yearly highs above $0.010 could be
The price of Solana (SOL) has been on a remarkable upward trajectory, surging by 44% since the beginning of the week. As of now, SOL/USD is trading at around $59.5, marking a 5% increase for the day. However, it is important to note that the cryptocurrency has retraced around 7% from earlier session highs of
Decentralized finance (DeFi) has been gaining significant attention in the cryptocurrency industry, with various platforms offering innovative solutions and services. However, the sector is not without its risks, as evidenced by the recent hack on the Raft platform. In this article, we will analyze the details of the attack, its consequences, and the potential impact
In a recent ruling, the Supreme Court of South Korea acquitted Dunamu Chairman Song Chi-hyung of fraud charges related to the manipulation of platform data on the Upbit crypto exchange. This decision comes after a long legal battle, in which prosecutors alleged Song and a group of executives manipulated order volumes by creating fake member
The South Korean gaming company WeMade has achieved a significant milestone with the listing of its WEMIX coin on the Gopax exchange. The successful listing came after a period of controversy surrounding the coin and its issuer. This article explores the details of the listing, the previous challenges faced by WeMade, and the potential impact
The Ministry of Culture and Information of the Republic of Kazakhstan has officially confirmed that it blocked access to the Coinbase website in the country. This action was taken due to alleged violations of the country’s new digital assets law. The order to block Coinbase’s website came from the Ministry of Digital Development after the
In a major crackdown operation, South Korean police have successfully apprehended a group of suspected international crypto fraudsters. The Cyber Investigation Department of the Seoul Metropolitan Police Agency executed the operation, resulting in the freezing of over $12 million in assets and the arrest of 49 individuals. This group, consisting of six separate organizations, has