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Bithumb Launches Spinoff as Part of IPO Bid as More Banks Join Stablecoin Union

Bithumb Launches Spinoff as Part of IPO Bid as More Banks Join Stablecoin Union

The South Korean crypto exchange Bithumb is set to launch a spinoff company as it pushes ahead with an initial public offering (IPO) bid. The post ...
Court Slaps My Big Coin: Founders Hit With $25.8M Penalty for Defrauding Crypto Investors

Court Slaps My Big Coin: Founders Hit With $25.8M Penalty for Defrauding Crypto Investors

The CFTC secured a $25.8 million judgment after My Big Coin falsely claimed its cryptocurrency was backed by gold.
No Easy Street for Crypto, Warns CFTC’s Pham

No Easy Street for Crypto, Warns CFTC’s Pham

At the Coinbase Annual Summit, CFTC Acting Chair Caroline Pham made it clear that pro-crypto policies under Trump do not mean tolerance for crimina...
South Korean Crypto Exchange Deregulation Plans Set to Rock Banking Sector

South Korean Crypto Exchange Deregulation Plans Set to Rock Banking Sector

South Korean crypto exchange deregulation proposals could affect the nation’s banking industry, dealing a blow to the likes of K Bank, reports have...
South Korean Presidential Frontrunner Pledges to Cut Crypto Transaction Fees

South Korean Presidential Frontrunner Pledges to Cut Crypto Transaction Fees

Lee Jae-myung, the frontrunner in the upcoming South Korean presidential elections, has promised to cut crypto transaction fees and approve Bitcoin...
Further Punishment Awaits South Korean Civil Servant Who Stole $416k to Buy Crypto

Further Punishment Awaits South Korean Civil Servant Who Stole $416k to Buy Crypto

South Korea’s Board of Audit and Inspection has urged officials in the city of Cheongju to dish out “strict disciplinary action” to a civil servant...
Florida Man Ordered To Pay $7,600,000 in Restitution After Promoting Supposed ‘Gold-Backed’ Cryptocurrency Scam

Florida Man Ordered To Pay $7,600,000 in Restitution After Promoting Supposed ‘Gold-Backed’ Cryptocurrency Scam

A federal court has ordered a Florida resident who operated a digital asset fraud scheme years ago to pay millions of dollars in restitution, accor...
Bank Employee Who Stole Millions to Buy Crypto Jailed for 15 Years in S Korea

Bank Employee Who Stole Millions to Buy Crypto Jailed for 15 Years in S Korea

A South Korean bank employee who stole some $12.4 million from his employer to spend on private crypto purchases has been jailed for 15 years. The ...
South Korea Confirms Crypto Tax in 2025 With Revised 20% Scheme

South Korea Confirms Crypto Tax in 2025 With Revised 20% Scheme

Jin Sung-joon, Chairman of the Korean Democratic Party’s policy committee, has confirmed that crypto taxation will begin in January 2025. Addressin...
NH Bank Staffer Who ‘Stole Money to Buy Crypto’ Says: ‘I Lost Everything’

NH Bank Staffer Who ‘Stole Money to Buy Crypto’ Says: ‘I Lost Everything’

A former loans manager at South Korea’s NH Bank (NongHyup) who has been accused of stealing company funds to buy crypto says they “lost everything....