The tech industry in South Korea is experiencing a significant merger with Naver Financial on the verge of acquiring cryptocurrency exchange operator Dunamu. The relocation puts the internet giant in a position to take advantage of the booming market of digital assets in the country by strategically expanding into the
The cryptocurrency market has seen renewed momentum this week, with Bitcoin’s return to the $110,000 range prompting a rally across several major altcoins. Among the notable gainers is Axelar (AXL), which has now marked its second consecutive day of gains following its listing on Upbit, South Korea’s largest digital asset
While the crypto market continues its average performance, some altcoins are showing exceptional growth today. Bitcoin and Ether continue to surf at around $104K and $2.5K price levels, and major altcoins like XRP, Solana, Dogecoin, and BNB also record no significant price surges. Meanwhile, two altcoins, Ravencoin (RVN) and Lagrange
According to a recent official announcement, South Korea’s largest cryptocurrency exchange Upbit has temporarily suspended its STX transaction services. This follows after continued delays in Stacks network’s block generation. The suspension remains in effect until the exchange confirms that deposit and withdrawal operations can proceed safely. The decision follows reports
Market price surges following token listing announcements are not new to the crypto industry. This is very prevalent when it comes to announcements from top crypto exchanges with a wide user base. The recent token listing announcement by Upbit exchange has triggered a price surge in DeepBook Protocol’s DEEP token.
South Korean crypto exchanges Upbit and Bithumb have made headlines again today. Both of them come to an agreement to pay around $2.4 million to users as compensation. This is to cover the losses that incurred due to network outages on December 3, 2024, Martial day of South Korea. This
South Korean financial regulation, Financial Intelligence Unit (FIU) ordered Upbit exchange to suspend its business operations for violating KYC and AML regulations. Upbit is the top crypto exchange in South Korea and top 5th crypto exchange across the world, in terms of trading volume. Being one of the largest crypto
South Korea’s Financial Intelligence Unit (FIU) is set to conduct a disciplinary hearing on January 21 to evaluate Upbit, the nation’s largest cryptocurrency exchange, for alleged violations of Know-Your-Customer (KYC) regulations. During a recent on-site inspection tied to the renewal of Upbit’s Virtual Asset Service Provider (VASP) license, the FIU
With Bitcoin touching a new all time high of around $106,000 and Ether going as high as $4,016, the bull run resumed. The overall crypto market cap is standing at $3.7 trillion with a 2.15% increase in the last 24 hours. Meanwhile, Mocaverse native token MOCA witnessed a sharp price
Amidst the bull market sentiment across the crypto industry, the token listing announcements from renowned crypto exchanges is increasing. Two largest South Korean crypto exchange platforms, Upbit and Bithumb announced MOVE token listing today. MOVE is a native token of the Movement Network crypto project built as a layer 2
