Private Equity Moris Beracha Wuani

by   Nick Chong North Korea Still In Love With Bitcoin, Crypto Due to the decentralized, borderless, and censorship-resistant nature of  Bitcoin  and related technologies, North Korea, the world’s most well-known hermit state, has taken a liking to this decade-old innovation. But some would argue that North Korea has taken its crypto penchant a bit too far, with a multitude of reports indicating that the nation is leveraging cryptocurrencies for dubious financial gain. As reported by  Ethereum World News  in mid-October, Lazarus, a supposed North Korea-based hacker consortium, was found to be responsible for five cryptocurrency exchange hacks, including the now-infamous $500 million breach of CoinCheck. A report from cybersecurity firm Group-IB, who first divulged this information, indicated that Lazarus’ constituents used social engineering, phishing, and malware to forcefully visit pertinent databases and access points. Now, per the  South Chi...

Blockchain News In a bid to showcase some of its technological advancement and show its support for the blockchain technology, North Korea has announced plans to hold a blockchain and cryptocurrency conference. This comes on the heels of a similar conference held in August. The country announced that plans are already in the works for them to host some of the foremost experts in cryptocurrency operations and blockchain technology from all over the world to speak and share some of their knowledge in the Pyongyang Blockchain Conference, which is slated to hold for a whole week. Within this week, guests and delegates will also be treated to a tour of the country, the Independent UK reports. A promotional website for the event says experts in the “blockchain and crypto industry will gather for the first time in Pyongyang to share their knowledge and vision, establish connections and discuss business opportunities” However, it is also important to note...

Moris Beracha.-  The Customs Service of the Republic of Korea has uncovered cryptocurrency crimes worth about $ 600 million, which includes illegal foreign exchange trading. According to a statement released on its website, the institution said it seeks to keep "our society safer from illegal foreign transactions". Reports on the incidents mention South Korean investors gobbling up almost $ 2 billion won in cryptocurrencies (about $ 594.35 million). Supposedly, tokens and coins were sent abroad through "virtual wallets," only to be brought back in the form of fiat currencies "which amount to unrecorded capital outflows." The statement continues, "Customs service has been closely looking at illegal foreign exchange trading using cryptocurrency as part of the government's task force." Among other breaches, Customs said there were also cases where investors in Japan sent their yen worth 53.7 billion won (the official currency of Sout...