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Showing posts with the label nation&rsquo

Prosecutors: We Have Proof Do Kwon ‘Ordered Crypto Price Manipulation

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Source: Screenshot/Terra/YouTube South Korean prosecutors say they have evidence that proves the missing Terraform Labs Co-founder Do Kwon told an employee to manipulate coin prices. But Kwon has suggested that he is ready to hold a “meetup,” with “cops from all over the world welcome” to attend. Reports from the South Korean national broadcaster KBS and the nation&rsquo ;s biggest newspaper Chosun Ilbo explained that the Seoul Southern District Prosecutors’ Joint Financial and Securities Crime Investigation Team has unearthed a “message-based” “conversation between Kwon and an unnamed Terraform “employee.” Terra Luna Classic prices on November 4. (Source: CoinMarketCap)  An official from the Prosecutor’s Office was quoted as stating: “I cannot reveal the details, but this was a conversation whereby CEO Kwon specifically ordered the manipulation of prices.” The media outlets did not s...

South Korea to Roll out Digital IDs as Banks Push Blockchain Driver’s Licenses

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Source: Tippapatt/Adobe South Korea may soon do away with plastic – and ditch physical forms of ID in favor of blockchain technology -powered alternatives. Smartphone ownership is estimated to be upward of 88% in South Korea – with some sources claiming the figure may be as high as 95%. And tech firms, the government, the police force, and banks have responded by launching initiatives aimed at doing away with plastic driver’s license cards and social security ID cards. Instead, they now favor blockchain-powered digital alternatives. Woori Bank, one of the nation&rsquo ;s largest commercial banks, announced that it would begin actively “promoting the issuance and use of mobile driver’s licenses” at the 2022 International Security Industry Expo, E Today reported. Bank staff will begin informing customers on how to go about receiving a blockchain-powered ID. These digital cards can be obtained on-the-spot by using machines in nationw...