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North Korea considering halting nuclear disarmament talks with US

“After two summits between President Trump and North Korean leader Kim Jong Un, the reclusive Asian nation is considering halting nuclear talks with the U.S. North Korea’s Deputy Foreign Minister Choe Son Hui told reporters Friday said the nation was deeply disappointed by the failure of the two sides to reach any agreements at the recent Hanoi, Vietnam summit, according to reports” reports washingtonexaminer.com. She said personal relations between the Trump and Un were “still good and the chemistry is mysteriously wonderful.” [Related: Trump greets Kim Jong Un in Vietnam,…

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North Korea may suspend talks with ‘gangster-like’ US: Diplomat

“Bolton, who has argued for a tough approach to North Korea, said last week that Trump was open to more talks but also warned of tougher sanctions if the North did not denuclearise” reports tehrantimes.com. North Korea is considering suspending talks with the United States and may rethink a ban on missile and nuclear tests unless Washington makes concessions, news reports from the North’s capital have quoted a senior diplomat as saying. Source: tehrantimes.com

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U.S. missile defense budget cut as North Korea pushes ahead

“In the budget, the Missile Defense Agency, or MDA, saw its appropriation cut by $1 billion to $9.4 billion” writes Midwest Communications Inc for 95kqds.com. Trump’s smaller request comes on the heels of a significant budget boost last year after several North Korean missile tests.The U.S. Missile Defense Agency – charged with developing, testing and fielding a ballistic missile defense system – will delay the expansion of the Ground-based Midcourse Defense (GMD) system by two years because of a delay in the redesign of the Raytheon Co-made “kill vehicle” the…

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Crypto News Platforms 

HSBC Seeks Banking Partners in South Korea to Launch Voltron Blockchain Platform

“United Kingdom-based banking giant HSBC is seeking banking partners in South Korea to deploy the blockchain platform Voltron in the country, Korean news outlet The Korea Times reports on Tuesday, March 12” writes Josh Matthews for cointelegraph.com. As reported, Voltron is a platform that enables companies to process and settle their trading invoices via blockchain.In February, HSBC revealed that its proprietary blockchain solution FX Everywhere had cut costs for foreign exchange trade settlement by 25 percent.HSBC wants to establish ties with Korean banks to collaborate on the development of the…

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‘Great Gatsby of Korea’ retires from music as K-pop shaken by sex bribery scandal

“The normally wholesome world of K-pop has been rocked by a sex scandal after one of its biggest boyband stars was charged on suspicion of supplying prostitutes to foreign investors in night clubs” writes Nicola Smith for telegraph.co.uk. “As this social scandal is too big, I decided on my retirement.They have been credited as one of the most influential acts to shape the East Asian country’s music industry and spread popular Korean culture around the world. Source: telegraph.co.uk

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NKorea earthquake: Nuke fears as tremors detected after ‘mine explosion’…

“Previous missile and nuclear tests in North Korea have triggered small earthquakes, although there is no evidence to suggest the latest tremors were caused by such tests” writes Chris Baynes for independent.co.uk. The two leaders’ second summit broke down without an agreement last week, with the US claiming North Korea had demanded an end to all sanctions in exchange for setting aside its nuclear ambitions. Source: independent.co.uk

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Crypto News 

UN Panel Says North Korea Obtained $670 Million in Crypto and Fiat via Hacking: Report

“North Korea has reportedly amassed $670 million in fiat and cryptocurrencies by conducting hacking attacks, Asia-focused financial newspaper Nikkei Asian Review reports on Friday, March 8” writes Ana Berman for cointelegraph.com. As Cointelegraph previously reported, in 2018 a study revealed that hacker group “Lazarus,” reportedly funded by North Korea, has stolen $571 million from cryptocurrency exchanges since early 2017. Source: cointelegraph.com

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Brokers News 

Former President Jimmy Carter offers to travel to North Korea to help Trump broker a nuclear deal with Kim Jong Un

“Carter’s visit helped to defuse the first North Korean nuclear crisis, paving the way for the Agreed Framework, in which North Korea agreed to give up its nuclear program in exchange for aid” writes Tom Porter for businessinsider.com. The nuclear summit between Trump and Kim came unstuck when Kim demanded an end to US sanctions. Source: businessinsider.com

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The Inevitable Return of Muddling Along in North Korea

“Since the collapse of nuclear talks in Hanoi last week, North Korea experts have argued about what went wrong” writes Richard Fontaine for theatlantic.com. In return, North Korea was supposed to provide a faithful account of its nuclear program and destroy the cooling tower at its Yongbyon production facility.A simpler explanation for the summit’s failure is more convincing: The United States wants North Korea to give up its nuclear weapons and facilities, and Pyongyang doesn’t want to do so.Donald Trump should have structured his offer differently, some said, aiming for…

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Trump Points to Democrats Over Collapse of North Korea Summit

“The Cohen hearing and Trump’s summit with Kim were held nearly simultaneously, with Cohen’s hearing beginning a few hours after Trump met Kim in Hanoi” reports thehill.com. Trump said the timing of the Cohen hearing was a “new low” in politics.But the summit ended early after Kim demanded the U.S. lift all sanctions on his country without North Korea completely ending its nuclear program.Republicans during the hearing ripped into Cohen as a liar, noting he had already pled guilty to lying to Congress. Source: thehill.com

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