South Korea watchdog says tougher crypto rules needed after $40 billion giveaway

South Korea’s financial market watchdog said on Monday local exchange Bithumb’s unintentional giveaway of more than $40 billion in bitcoin to customers raises the need for tougher regulations to address the vulnerabilities of cryptocurrencies. The cryptocurrency exchange said on Saturday it had accidentally given away the bitcoin to customers as promotional rewards, triggering a sharp […]

Hong Kong tycoon Jimmy Lai sentenced to 20 years in jail after national security trial

Hong Kong’s most prominent media tycoon Jimmy Lai was sentenced on Monday to 20 years in jail on national security charges, including two counts of conspiracy to collude with foreign forces and one of publishing seditious materials. The sentence ends Hong Kong’s highest-profile national security trial and a legal saga that has spanned nearly five years. Lai, founder of the feisty […]