South Korea’s largest cryptocurrency exchange, Upbit, faces an investigation for alleged violations of Know Your Customer (KYC) procedures. The Financial Intelligence Unit (FIU) has flagged between 500,000 and 600,000 identification issues during the review of Upbit’s business license renewal. The FIU uncovered numerous instances of blurred names or incomplete data
South Korea’s Financial Services Commission (FSC) is reconsidering the possibility of lifting its long-term ban on spot exchange-traded funds (ETFs). It further allows institutional accounts on local crypto exchanges. The Virtual Asset Committee will evaluate approving the virtual asset spot ETFs and allowing the corporate virtual asset accounts. Since 2018,
While the global crypto market is facing downtrend, Wormhole (W) token displayed a significant 20% increase in value after South Korea’s leading cryptocurrency exchange, Upbit, announced its listing for trading. The token is now available in trading pairs with the Korean Won (KRW), Bitcoin (BTC), and Tether (USDT), attracting attention
In preparation for an impending network upgrade, the cryptocurrency exchange Upbit will temporarily disable the Near Protocol’s (NEAR) deposit and withdrawal services. An official announcement states that the suspension will start on August 26 at 3 am UTC. And continue on until the network upgrade is determined to be stable.
Withdrawal fees for 22 different cryptocurrencies have been lowered by Upbit, a crypto exchange based in South Korea. Among them are well-known tokens such as Shiba Inu (SHIB) and Ethereum (ETH). Starting on August 23, 2024, at 1 a.m. ET or 2:00 p.m. KST, this change will take effect. Recent
South Korean employees of the prominent crypto exchange, Upbit, are earning more than their equivalents at major banks. This is due to the booming cryptocurrency market. Recent data from the Financial Supervisory Service (FSS) reveals that the average salaries at Upbit’s operator, Dunamu surged to 133.73 million South Korean won
South Korea’s largest cryptocurrency exchange, Upbit, has officially announced listing Aethir (ATH) on its KRW and BTC markets. Aethir is a decentralized cloud computing project, targeting the rising computational demands of AI and gaming. Aethir’s cloud computing approach positions it as a key player in these sectors. The Aethir network
South Korean crypto exchange Upbit announced the launch of BLAST trading pairs for Korean won (KRW), Bitcoin (BTC), and Tether (USDT). Notably, the trading of BLAST, the governance token of L2 network Blast, on the platform is expected to start on Wednesday. Upbit is one of the five fully licensed
Despite a sluggish performance in the global cryptocurrency market over the past fortnight, new projects and developments continue to create buzz. In the queue, LayerZero, an omnichain interoperability protocol, has garnered significant support from the crypto community following a successful airdrop. This led to the listing of its native token,
South Korea’s premier cryptocurrency exchange, Upbit, recently added Beam (BEAM) to its trading list, leading to a surge in trading volumes and investor interest. The announcement has significantly boosted BEAM’s visibility and accessibility, propelling a sharp demand increase. This heightened interest drove BEAM’s price up by over 39.68% in a
