In accordance with the new requirements for the registration of cryptocurrency exchanges in South Korea, employees caught trading on the employer’s platform face a fine of up to 100 million won ($ 89,844). According to a statement from the South Korean Financial Services Commission (FSC), on June 3, the agency’s Financial Intelligence Unit met with executives from major South Korean cryptocurrency exchanges to brief them on the updated requirement. South Korea’s revised Financial Transaction Reporting

Computer security specialists from Microsoft announced a series of hacker attacks on Kubernetes clusters running Kubeflow containers for hidden cryptocurrency mining. Kubernetes is a popular container orchestration system, and Kubeflow allows you to quickly and easily deploy machine learning container instances. Hackers attack clusters with deployed Kubeflow systems to deploy their own containers in which XMR and ETH miners run. The attacks began at the end of May. Computer security experts have discovered a sudden

The first parachain slot auction will begin on the Polkadot Project Kusama Experimental Network on June 15th. The move brings Polkadot developers closer to launching parachain auctions on the mainnet. In a blog post, Polkadot founder Gavin Wood laid out a timeline and some guidelines for rolling out parachain auctions – fundraising where projects block cryptoassets in order to win one of the parachain slots on the experimental Kusama network. Deploying parachain auctions on the

Futures and Spot Exchange Digitex announced the launch of Blockfunder, a platform for conducting IEOs and accelerating the development of promising projects in the crypto space. Through Blockfunder, Digitex will promote tokens for promising projects by selecting the best offers. The first project on Blockfunder will be Blockster, a social network for crypto enthusiasts with a BXR token created for advertising and staking. Blockster has been in development for a year now, and the platform

The World Economic Forum (WEF) has published a paper on the opportunities and risks of decentralized finance (DeFi) and its impact on the financial sector. The document outlines the challenges that can be addressed with this emerging sector of the cryptocurrency industry. It also provides general information about DeFi so that policymakers and regulators gain a broader understanding of it. The WEF researchers paid particular attention to the risks associated with DeFi. First of all,

The Danish Tax Authority will amend the current Tax Code of the country to reflect the use of cryptoassets and prevent tax evasion. Danish Tax Minister Morten Bødskov said that between 2015 and 2019, the Danish Tax Service identified about 16,000 individuals and legal entities involved in cryptocurrency trading. However, two thirds of the total number of transactions made by these persons during the specified time were not reflected in tax returns. Bedskov said that

The Ministry of Industry and Information Technology of China (MIIT) has published guidelines for accelerating blockchain adoption in various industries without using cryptocurrencies. MIIT has identified blockchain as an integral part of information technology that could be critical to China’s future development. Back in October 2019, Xi Jinping, Chairman of the People’s Republic of China, called for accelerating the implementation of blockchain in the country. The department named the key areas for the introduction of

Researchers at the Bank of England published a paper that examined the possible implications of the introduction of private and public stablecoins, as well as their role in the development of the financial system. Bank of England Governor Andrew Bailey said the possible use of stablecoins as a means of payment and the active development of government digital currencies raise many questions. According to him, they should be carefully considered by central banks and governments

Payments company Square and Blockstream will set up a solar-powered BTC mining joint venture to demonstrate that Bitcoin mining can be green. Under the terms of the agreement, Square will invest $ 5 million in a new mining facility, and Blockstream will provide a practical solution for creating and managing the project. The facility will be located at one of the Blockstream locations. The topic of environmental friendliness of BTC mining has been actively discussed

The hacker group Anonymous posted a video accusing the Tesla CEO of his tweets that rocked the cryptocurrency markets and “ruined the lives” of cryptocurrency owners. The video was published on the Youtube channel of the well-known decentralized hacker group Anonymous. It is impossible to say with certainty that the video was created by hackers Anonymous, although it has all the hallmarks of past videos that are believed to have been created by members of