Upbit News
Upbit Issues Investor Alert for Hifi Finance (HIFI) Over Token Supply Surge
Upbit, South Korea’s leading cryptocurrency exchange, has issued a caution notice for Hifi Finance (HIFI), acting on an alert from the Digital Asset Exchange Association (DAXA) aimed at safeguarding investors....
Upbit Changes BIGTIME Token Supply After Regulatory Fine
Upbit, South Korea’s cryptocurrency exchange, has announced an adjustment to BIGTIME’s circulating supply plan following a request from the project’s team. This update comes as BIGTIME, currently ranked #342 by...
Upbit Faces Sanctions in South Korea Over AML Shortcomings
South Korea’s Financial Services Commission (FSC) is getting ready to announce its decision on possible sanctions against Upbit. The decision comes after findings that Upbit didn’t fully meet customer verification...
TRUMP Price Prediction: Will Feb 13 Upbit Listing Lift $TRUMP Even Higher?
The Official Trump (TRUMP) token jumped 20% in the last 24 hours, rising from $14.65 to a daily high of $17.52. The surge follows Upbit’s announcement to list TRUMP trading...
XRP Surpasses Bitcoin and Solana to Lead Upbit’s Korean Won Market: Here’s Why
XRP has become the most traded cryptocurrency against the Korean Won (KRW) on Upbit, South Korea’s largest crypto exchange. According to data from CoinGecko, XRP/KRW recorded a trading volume of...
Binance Leads CEX Market, Upbit Rises as a Contender
The cryptocurrency market keeps growing, and centralized exchanges (CEXs) are key in allowing trading for both everyday and big-time investors. Data shows Binance is leading the ranking with close to...
VTHO Price Prediction for Jan 23: What’s Behind the 280% Surge?
VeThor (VTHO) has outperformed nearly all cryptocurrencies in the market, surging 199% on Tuesday and adding another 22.9% on Wednesday. In 24 hours, the token has jumped 287.81% in all,...
Upbit’s Blockchain Defenses Fail as South Korea Flags Foreign Deals
South Korea’s Financial Services Commission (FSC) issued a warning to Upbit about potential sanctions. These sanctions could prevent Upbit from adding new customers. The notice, sent on January 9th, stems...
South Korea Regulators Clamp Down on Upbit, 700K KYC Violations Found
South Korea’s leading cryptocurrency exchange, Upbit, is facing potential sanctions for alleged anti-money laundering (AML) and Know Your Customer (KYC) violations. According to reports, the Financial Intelligence Unit (FIU) has...
Bithumb Signs with Kookmin Bank, Challenges Upbit for Market Lead
Bithumb’s partnership with KB Kookmin Bank will likely reshape South Korea’s crypto market. This change, effective March 24, from Nonghyup Bank to Kookmin Bank, is a strategic move to attract...
BTC’s Wild Ride: $63K to $96K on Upbit After Martial Law Repeal
Bitcoin’s value plunged to $63,000—a 30% drop—on South Korea’s Upbit exchange following the nation’s shocking martial law declaration. This move triggered widespread panic among investors, causing significant sell-offs and technical...
Upbit Faces Regulatory Hurdles in South Korea Over KYC
South Korea’s Financial Intelligence Unit (FIU) has uncovered numerous violations of customer verification procedures during its review of Upbit’s license renewal application. Reports indicate that the FIU found between 500,000...
Binance’s Dominance in South Korea Sparks Anti-Monopoly Concerns
South Korean authorities are investigating local cryptocurrency exchanges for potential anti-monopoly breaches, fueled by Binance’s overarching dominance in the market. Binance’s trading volume is 22 times that of all South...
SAFE Outperforms APE, Market Cap Soars After Upbit Listing
SAFE token recorded a massive 66% surge in value following its listing announcement on the Upbit exchange. The news triggered a trading frenzy as Korean investors bought the token. Upbit,...
Upbit’s Market Power in South Korea Attracts Regulatory Flak
South Korea’s Financial Services Commission (FSC) announced plans to investigate Upbit’s market dominance. This investigation follows concerns about Upbit’s ownership in the virtual asset sector and its association with K-Bank,...
Crypto Billionaires in South Korea: Young Investors Hold $739 Million
A study by the crypto exchanges Upbit and Bithumb shows the growing influence of cryptocurrencies among young South Koreans. More than 180 South Koreans in their 20s have crypto assets...
Upbit Listings Spark Price Surges for MINA, CTC, and Other Tokens
Wu Blockchain has reported a notable surge in the value of tokens listed on Upbit, South Korea’s largest cryptocurrency exchange. According to the report, several tokens, including MINA, CTC, ASTR,...
South Korea Crypto Tax: New ‘Quasi-Tax’ Imposed on Exchanges
The Financial Services Commission (FSC) of South Korea has announced an updated regulatory framework following the implementation of the groundbreaking Virtual Asset User Protection Act. The official announcement on August...
KakaoTalk’s Klip Wallet Adapts to South Korea’s Stricter Crypto Rules
South Korea’s messaging app KakaoTalk has announced a reduction in functionality for its integrated crypto wallet, Klip. This move aligns with the country’s upcoming Virtual Asset User Protection Act, set...
DAXA Leads Altcoin Review in South Korea, Aims to Boost Investor Confidence
South Korea plans to systematically assess 1,333 altcoins over the next six months to determine compliance with the nation’s forthcoming user protection legislation, set to take effect on July 19th....
South Korea Tightens Crypto Oversight with New User Protection Law
South Korea is reportedly adopting a new crypto regulatory framework to align with public demand for a national policy supporting financial innovation. Kim Joo-hyun, Chairman of the South Korean Financial...
Korean Won Becomes the Most-Used Currency to Trade Crypto Assets
The Korean won has surpassed the United States dollar as the most-used currency for trading Bitcoin and other digital assets. According to a report from Bloomberg, this uptick is centered...
Upbit Announces Listing of SPACE ID (ID) on Its BTC Market
The leading South Korean cryptocurrency exchange Upbit revealed in an announcement on its blog today that it will be listing SPACE ID (ID) on its Bitcoin (BTC) market. According to...
Upbit Resumes Services After a Major Security Breach: Report
In a dramatic unfolding of events, the crypto market, often thrashed by exploitation and security breaches, recently shook the community with a massive fraudulent deposit incident. On September 21, the...
Upbit Parent Company Sees $124 million Profit in Q3 of 2022
South Korean fin-tech company Dunamu saw a revenue of $205 million and a profit of $124 million. However, the figures are 66% and 76% below the value the firm realized...
