Moonday Morning: South Korea lost $2.three billion to cryptocurrency crimes over final 2 years

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Moonday Morning: South Korea lost $2.three billion to cryptocurrency crimes over final 2 years

Welcome to Monday, and welcome to 1 other Moonday Mornings, Traumatic Fork’s wrap-up of the weekend’s high cryptocurrency and blockchain headlines.

Let’s consume a notion.

1. Atomize from cryptocurrency-related crimes in South Korea over the final two years is estimated to be $2.three billion (2.7 trillion Won), primarily based mostly entirely on govt files, The Korea Herald reports.

2. In an interview with CNBC, eBay‘s CEO, Devin Wening, acknowledged that the firm is all in favour of the Libra Affiliation on tale of “crypto and blockchain possess astronomical promise… [Libra] is promising and it’s worth a attempt… and would possibly possibly well also discontinue sizable most sharp.” Smartly, right here’s to hoping.

three. Iran‘s govt has agreed to a situation of electrical energy tariffs for these mining cryptocurrencies, Financial Tribune reports. Real prices haven’t been disclosed nonetheless will replicate export prices which vary inline with supply. This comes after a continued battle with the illicit consume of deliver-backed electrical energy for cryptocurrency mining.

four. One other India-primarily based mostly entirely cryptocurrency replace has shut down. The founder of Cryptokart, Gaurang Poddar, announced the news on his LinkedIn profile final week. He claimed falling passion in cryptocurrency and a supposed lack of govt efforts to withhold watch over the enterprise as the indispensable drivers within the encourage of his enterprise’ failure, Contemporary Indian Categorical reports.

5. Any individual in South Korea tried to trademark “Samsung Coin” final week. Simplest, it has nothing to discontinue with the Korean tech big, CoinDesk reports. The submitting modified into once made by a person the consume of the identify Kim Nam-jin. Positive attempt Kim.

Smartly, there you possess it. One other weekend’s headlines caught up with, now stride fetch on with your week in peace.

Published July 22, 2019 — 08:04 UTC

Matthew Beedham

Matthew Beedham

July 22, 2019 — 08:04 UTC