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Four suspects face death penalty in South Korea crypto murder case

Four South Korean citizens are facing execution amid allegations that they kidnapped and murdered a woman over a failed crypto investment.  Lee Kyeong-woo, Hwang Dae-han, and Yeon Ji-ho were all indicted for kidnapping the 48-year-old victim in the Gangnam Ward, Seoul, on March 29. It’s claimed that they murder ed her the following day. Prosecutors allege that the accused were paid 70 million won ($51,000) by Yoo Sang-won and Hwang Eun-hee after the couple purchased 100 million won ($74,000) worth of virtual currency and invested 3 billion won ($2.2 million) at the victim’s recommendation in October 2020. Yoo and Hwang reportedly became embroiled in a dispute with the victim over the investment in struggling crypto ‘ fine dust coin ‘ when its price plummeted and they began to incur losses. Lee then allegedly suggested they steal the victim’s crypto and kill her. Lee, Yeon, and Hwang Dae-han are then alleged to have buried the victim 140km south of the ...

Ether death cross threatens more downside as ETH price trades at a key support level

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ETH’s technical and on-chain indicators point toward further downside, but there is a silver lining. Ether’s price fell this week, and several data points are beginning to suggest that further downside could be in store.  On July 24, Ether (ETH) experienced a drop close to its monthly low, reaching $1,825 amid Bitcoin’s (BTC) negative price action, as uncertainty loomed over macroeconomic conditions and a potential whale sell-off. Several on-chain and technical indicators point to further downside in ETH prices. However, the extent of this downward movement could be limited, considering the profit levels of existing holders and the decrease in ETH’s liquid supply. ETH on-chain analysis suggests more downside Since the beginning of 2023, Ethereum’s network value-to-transaction value (NVT) metric has indicated that the asset may have been overpriced. Glassnode’s NVT signal gauges the relative value of the Ethereum network by comparing the market price to the volume of on-chain trans...