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Naver has acquired Upbit operator Dunamu through a stock swap, combining South Korea’s largest online platform with its leading crypto exchange to launch a won-pegged stablecoin and pursue global fintech growth. South Korea’s Naver and Dunamu Unite for Global Fintech Push South Korea’s Naver Financial, the fintech arm of internet giant Naver, has acquired Dunamu, … Read more
Upbit must respond to the FSC’s suspension notice by Jan. 20 or face restrictions on new registrations on the platform for six months. Go to Source
Upbit has warned investors as IOST plans a layer-2 transition, with 21 billion new tokens and a tokenomics overhaul. Go to Source
Bitcoin price cooled off at the start of December, but several bullish catalysts support investors’ belief that $100,000 BTC is around the corner. Go to Source
South Korea confirms North Korean hackers Lazarus and Andariel were behind the $50 million Upbit hack in 2019, with the stolen crypto now valued at over $1 billion. Go to Source
Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with Upbit’s business license renewal. Go to Source
South Korea’s FSC will reportedly investigate Upbit’s relationship with its bank partner K-Bank amid the latter’s IPO, which is expected in late October. Go to Source
According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it’s still hovering just below 1%. Bitcoin Sees Steep Discount in South Korea, Premium Quickly Rebounds but Stays Below 1% On Sept. 23, bitcoin (BTC) in … Read more
Upbit’s privacy policy update involves transferring user data to AWS servers in the US for improved service reliability and compliance with local regulations. Go to Source
Bitcoin reached an intraday peak of $63,227 on Thursday, following the U.S. Federal Reserve’s decision to lower the benchmark interest rate by 50 basis points the previous day. The entire cryptocurrency market has gained over 5%, and in the past 24 hours, global trading volume jumped by 26.92%. Crypto Market Surges 5%, Stocks Rise, Gold … Read more