Upbit investor stock price surges three-fold amid bullish crypto trading in South Korea
A minority investor in a major South Korean crypto exchange is currently the best performing stock in the country. Go to Source Powered by WPeMatico
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Upbit’s main banker targets 2022 IPO amid massive crypto user on-boarding
K bank, the major fiat on-ramp for South Korean crypto exchange Upbit, has set its sights on going public in 2022. Go to Source Powered by WPeMatico
Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company
Hanwha Investment and Securities reached an agreement to buy 2.06 million shares from Upbit operator Dumanu. Go to Source Powered by WPeMatico
Upbit launches in Thailand just days after regulators suspended Bitkub
As Thailand’s leading crypto exchange remains suspended, billionaire backed rival Upbit enters the scene. Go to Source Powered by WPeMatico
Stacks’ big week sees major partnerships follow mainnet launch
Foundry Digital, Blockdaemon and Upbit are backing the launch of Stacks 2.0. Go to Source Powered by WPeMatico
XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher
During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin has gained 123% as well. At the … Read more
European Crypto Exchange Hacked for $5.4 Million in Bitcoin
Eterbase, a Slovak cryptocurrency exchange, revealed Thursday that it had been hacked for $5.4 million. Cyber-criminals broke into six hot wallets containing bitcoin, ethereum, algo, ripple, tezos, and tron, stealing everything, it said. Hot wallets are active digital asset accounts connected to the internet. Eterbase used these wallets to facilitate day-to-day trading activities on its … Read more
Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well as other sites elsewhere. Police accuse the exchange’s owner … Read more
Crypto Exchange UpBit Scores Full Deck of Licenses From Thai SEC
South Korean exchange UpBit received four licenses to operate a digital asset exchange in Thailand. Go to Source Powered by WPeMatico
Korean Exchanges Struggle With Expansion Amid Uncertain Regulations
Cryptocurrency exchanges in Korea shrink within national boundaries due to lack of regulatory clarity. Go to Source Powered by WPeMatico