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
One of the biggest cryptocurrency exchanges in South Korea, Upbit, will halt any transactions involving digital assets worth more than 1 million won ($721). This is a reaction to recent developments at Ten&Ten, a local facilitator of deposits and withdrawals and a virtual asset service provider (VASP). Upbit announced the
After hitting a peak in early March, the 24-hour trading volume at Upbit—one of the largest cryptocurrency exchanges in South Korea—fell to $3.8 billion at the beginning of April. The Upbit exchange reached this year’s all-time high trading volume of around $15 billion on March 5. The fact that Bitcoin
Upbit Singapore has announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a major step towards solidifying its position in the regulated digital asset exchange. Moreover, Upbit Singapore is now well-positioned to play a key role in the growing digital
Upbit Singapore received an in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Upbit’s foothold in Singapore’s flourishing crypto sector has been bolstered by the announcement. The MAS has given Upbit Singapore Pte. Ltd. an in-principle approval (IPA) for an MPI license, a
Upbit, the biggest crypto exchange in South Korea, has suffered a significant security breach, sending shockwaves. This comes after the trading platform found earlier on Sunday that a fraudulent deposit had been made using a crypto that was mistaken for the real Aptos (APT) token. Korea-based media site “Web 3
According to data compiled by CCData, South Korean crypto exchange Upbit overtook Coinbase and OKX in trading volume for the first time in July. Both Coinbase and OKX, two centralized exchanges, suffered a decrease in trading volume in July, with Coinbase’s volume falling by 11.6% to $28.6 billion and OKX’s
The prosecutors in South Korea have conducted a raid on the two local crypto exchanges as part of the investigation into the digital assets of lawmaker Kim Nam-kuk. Yonhap, a South Korean news agency, reported that a group of prosecutors from the Seoul southern district office raided the two crypto
Upbit, the biggest cryptocurrency exchange in South Korea, has joined other major exchanges like Binance, Coinbase, OKX, Huobi, and others because of the widespread interest in the Sui network and its native token, SUI. Developed by Mysten Labs, the Sui mainnet for the DPoS Layer 1 blockchain is set to
