Upbit

Dunamu, the owner of Upbit, one of South Korea’s biggest crypto exchanges by trading volume, saw a drop of 81.6% in net profit in the third quarter of 2023 compared to the same period last year. The company reported a net profit of 159.9 billion Korean won (KRW), worth aroun ...

The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore.On Oct. 16, Upbit Singapore said the Monetary Authority of Singapore (MAS) gave the in-principle license nod, allowing i ...

In a surprising turn of events, Upbit, South Korea's prominent cryptocurrency exchange, found itself entangled in a fraudulent deposit incident that has thrown its operations into disarray. This unsettling occurrence transpired on September 24 and resulted in a halt to the deposit and withdrawal ser ...

Crypto exchange Binance is refunding users 1 million Tether ($1 million) over its handling of the CyberConnect (CYBER) token incident.As narrated by the exchange on Sept. 7, a price discrepancy on listed CYBER tokens occurred the week prior due to a liquidity crunch constricting CYBER cros ...

The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents. The administration of Cheongju has requested seven South Korean crypto exchanges to inquire into holdings of thousands of tax evaders, ...

The South Korean police are working with the largest Binance exchange to develop a system that should provide quick access to wallet addresses and freeze funds related to criminal investigations. South Korea's National Police Agency is meeting Tuesday, May 30, to discuss ...

November collapse of FTX Group led to changes in the share and degree of influence of cryptocurrency exchanges in the digital assets market. Coingecko experts ranked the largest crypto-exchanges by their share in trading volumes. C ...

The Avalanche project has encountered dual issues as both Network C and Network X are facing problems simultaneously. Network C, which supports DeFi applications, experienced an hour-long outage, while Network X, dedicated to transferring funds, is encountering transaction delays. The uniquene ...

Upbit, a major cryptocurrency exchange based in South Korea, has recently announced that it will be supporting XRP and SOLO token holders by issuing tens of millions of xCORE tokens. This move is set to take place on March 24th, with a total issuance of 50 million tokens to be distributed equally ...