South Korea to provide blockchain-based Digital IDs to its citizens

South Korea is planning to introduce blockchain-based digital IDs for its citizens with a smartphone by 2024, according to Bloomberg. These digital IDs will be installed on smartphones and work as efficiently as physical resident registration cards. The call for digital IDs is not new as its importance was realized as soon as the world … Read more

US South to Get Most Relief From Biden’s Student-Debt Plan, NY Fed Says

(Bloomberg) — President Joe Biden’s loan-forgiveness plan will wipe out about one-third of student debt owed to the federal government, with lower-income borrowers and those living in Southern states getting the biggest boost, according to analysis by the Federal Reserve Bank of New York. The proposal would eliminate federally-held balances for about 40% of borrowers, … Read more

South Korea Launches International Manhunt for Fugitive Terra Founder Do Kwon

By Geoffrey Smith — South Korean prosecutors have asked Interpol to issue an international arrest warrant for Do Kwon, the co-founder of the Terra/Luna cryptocurrency network whose spectacular collapse earlier this year triggered a wave of defaults by crypto investment companies. “We have begun the procedure to place him on the Interpol red notice … Read more

South Korea Issues Arrest Warrant for Terra/Luna Founder Do Kwon – Report

By Geoffrey Smith — A court in South Korea has issued an arrest warrant for Do Kwon, the founder of the stablecoin network whose collapse earlier this year triggered a devastating selloff in cryptocurrencies worldwide. The court has also issued warrants for five other members of Do’s Terra Labs team, Bloomberg reported on Wednesday, … Read more