Ethereum 

Ethereum Dev Arrested After Speaking at North Korea Crypto Conference

Virgil Griffith, a developer who currently works with the Ethereum Foundation, has been arrested upon arrival in the US after speaking at the Pyongyang Blockchain and Cryptocurrency Conference in North Korea in April. The United States Attorney’s Office for the Southern District of New York announced on Friday that Griffith had been arrested at Los Angeles International Airport on Thanksgiving Day. The complaint against the Ethereum developer, which was made by FBI Special Agent Brandon M. Cavanaugh, alleges that he was in violation of the International Emergency Economic Powers Act for…

Read More
Blockchain 

North Korea Expected to Launch Its Own Cryptocurrency Similar to Bitcoin

North Korea has set plans in motion to create its own cryptocurrency that will be similar to Bitcoin or other cryptocurrencies. The crypto will help the country avoid international sanctions and evade the global US-dominated financial system. North Korea to Introduce Own Crypto A representative of the regime has indicated that the planned cryptocurrency will be the same as the other cryptocurrencies. Alejandro Cao de Benos, the head of the country’s crypto conferences, said that they are currently evaluating products that will offer the digital currency value. For now, the…

Read More
Blockchain 

Voting on the Blockchain | South Korea Tests New Technology

South Korea has just become the first East Asian country to legalize medical marijuana. But it may be the second to put voting on the blockchain. Japan is already trialing the technology to allow citizens to cast votes on “social contribution projects.” South Korea has been an advocate of blockchain technology though it has a strict stance towards cryptocurrency. It makes sense that it would follow in Japan’s footsteps. Voting on the Blockchain in South Korea Democratic voting on the blockchain is one of the most controversial applications of blockchain…

Read More
ICOs 

South Korea Lifting ICO Ban?

According to The Korea Times, South Korean financial authorities are discussing plans to re-introduce ICOs into the country. Last September, the South Korean government banned ICOs, not trusting cryptocurrencies and their lack of regulation. However, this didn’t deter South Korean startups. Instead of running ICOs in their own country, they simply turned to foreign investments to get their startups running. Now, this may no longer be necessary. An anonymous source stated: “The financial authorities have been talking to the country’s tax agency, justice ministry, and other relevant government offices about…

Read More