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AI & Enterprise

Vice minister Gu Hyeok-chae visits youth deeptech startups, hears voices from the field

Gu Hyeok-chae (구혁채), first vice minister of South Korea\'s Ministry of Science and ICT, visited Sungkyunkwan University\'s startup incubator in Suwon on July 3 to review innovative technologies and meet young entrepreneurs. The visit marked the 20th stop of the field-focused science and technology policy initiative \"Project Gonggam118\". Gu toured resident startups including Mimetics and Crois and discussed ways to support early-stage deeptech companies.

Crypto

Binance, Changpeng Zhao sued in UK by investors seeking 310 billion won

A group of 1,692 UK investors has filed a class action lawsuit against Binance and its founder and former CEO Changpeng Zhao (창펑 자오), seeking damages and compensation for losses. The claim, lodged at the London High Court, alleges Binance sold and promoted crypto derivatives to UK consumers without authorisation from 2019. Plaintiffs say the conduct breached UK financial law and are also seeking interest under the High Court Act 1981.

Crypto

WikiLeaks\' Bitcoin adoption seen as 15-year test after Visa and PayPal block

WikiLeaks\' decision to accept bitcoin in 2011 is drawing renewed attention as a first major case showing cryptocurrency could bypass blocks in traditional financial networks. After the “Cablegate” disclosures, WikiLeaks lost access to major payment and remittance providers including Visa, Mastercard and PayPal, wiping out about 95 percent of its income. It then solicited donations via bitcoin addresses, a move later followed by services such as WordPress and the Internet Archive.