Tag Archives: Upbit

CoinspeakerSouth Korean Political Parties Vie for Crypto Investor Support Ahead of General Election South Korea's upcoming election sees cryptocurrency's rising influence as parties propose contrasting policies, sparking debates over taxation and regulation. South Korean Political Parties Vie for Crypto Investor Support Ahead of General Election

South Korea’s crypto landscape was dominated by Upbit for the longest time. However, there seems to be a shift underway as Bithumb gains momentum, gradually capturing Upbit’s market dominance. The latest development surfaces amid intensifying crypto trading activity in South Korea, particularly with the surge in Bitcoin trading. Bithumb’s Market Share Peaks at 72% Crypto trading activity in South Korea has seen a notable increase, particularly in light of the broader market...

In tandem with the IPO preparations, Bithumb has initiated efforts to improve its corporate structure. Bithumb, one of South Korea’s leading crypto exchanges, is reportedly gearing up for a groundbreaking Initial Public Offering (IPO) on the KOSDAQ, South Korea’s equivalent of the Nasdaq Composite (INDEXNASDAQ: .IXIC). Bithumb IPO: An Ambitious Move A recent report from local news outlet Edaily indicates that Bithumb is setting its sights on becoming the first digital asset company to go...

In spite of previous high-profile disappointments tied to the crypto industry, such as 3AC and the ill-fated investment into FTX, the Singaporean government has been approving quite a few crypto platforms during the past weeks. The latest to get the preliminary nod is the South Korean giant – UPbit. Spree Of Approvals Ripple, Coinbase,  and smaller players such as Sygnum and GSR have all been awarded an MPI (Major Payment Institute) license by the Singaporean government...

Though Upbit quickly moved to halt deposits and withdrawals, that decision came after the fake APT token had already made its way into 400,000 Aptos wallets. Upbit, the largest cryptocurrency exchange in South Korea, has resumed withdrawals and deposits of the Aptos (APT) token. This follows an earlier decision by the exchange to freeze deposits shortly after noticing what was an unusual amount of deposit attempts. According to a Sunday statement, Upbit’s system mistook a newly created...

CoinspeakerUpbit Suspends CRV Trading after Curve Finance Exploit Upbit noted that CRV has experienced increased volatility. Upbit Suspends CRV Trading after Curve Finance Exploit

Since BCH became one of the four cryptocurrencies traded on EDX, its price has continued to rise. In the last 24 hours, the crypto has spiked more than 30%, reaching $325 for the first time since April 2022. Bitcoin Cash (BCH) is experiencing a major increase in price and trading volume due to different reasons. One of the significant factors that have been said to affect its price is that Fidelity, Charles Schwab, and Citadel-backed EDX Markets introduced BCH as part of the assets...

South Korea is pushing legislation that would bring cryptocurrency and blockchain technology into more mainstream territory.South Korea Is Looking to ChangeAt one time, it can be argued that cryptocurrency was very mainstream in the region of South Korea. The country – pre-2018 – accounted for roughly one quarter of the world’s total cryptocurrency transactions, so to say that the nation was a digital hotspot would be something of an understatement.However, as more crime occurred throughout...

When some folks claim they’re into cryptocurrencies because of the thrill of the blockchain… well, they’re lying for the most part. Or at the very least not revealing everything. All things aside, it’s about the profits. How can I make money? How can I do it fast? How can I do it legitimately and securely?Whereas media sources nowadays bombard their readers and viewers with a zillion ways to make a quick buck by trading, exchanging, and investing into cryptocurrencies, there exist other, more...

The recent Upbit hack crashed all the cryptos down and again reminded crypto investors how vulnerable this sector is. However, this was the last among seven majors hacks that happened this year. So, let’s mention some of them:CryptopiaAround January 15, New Zealand-based cryptocurrency exchange Cryptopia said there was $3.2 million in tokens stolen and the company went into the liquidation. However, on Jan. 20, it was reported that as much as $16 million worth of Ethereum (ETH) and ERC20...