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
Dunamu, the South Korean business that operates the Upbit exchange, has reportedly banned the trade of cryptocurrencies by the immediate family members of its executives and workers since August, according to sources. Dunamu felt it had a responsibility to its community, therefore it decided to expand the restriction to include
Upbit’s Luna Fee Utilization Committee has agreed to split transaction fees. A white paper explaining what led to the LUNA problem is part of the near-term agenda. Upbit, the leading cryptocurrency exchange in South Korea, has a plan to split the about $4.6 million in Terra LUNA transaction fees it
Korbit made an estimated 27 million won in commissions at the end of the term. As of May 30th, the refund fee amounted to almost $9.5 billion won by Upbit. The whole Terra ecosystem crashed in May, making it a very terrible month. Upbit, the leading virtual asset exchange in
LTC brings out new privacy protocol updates. Exchanges worried over the new update. LTC may face the same fate as that of LUNA. Usually, a token gets an update to upgrade itself, specializing it more for the users. More the users and circulation, more will be the value of that
Artificial intelligence (AI) is used to update the databases regularly. EOS is down 1.08% in the last 24 hours. In order to construct decentralized applications, developers may use EOS’s platform. Project goals are straightforward: to make blockchain adoption as easy as feasible for programmers and to make the network simpler
South Korea’s most renowned cryptocurrency exchange Upbit has announced the delisting of 5 cryptocurrencies. On Friday, Upbit removed Maro, Paycoin, Observer, Solve.Care and Quiztok from their exchange list. Upbit’s decisions are purely based on the recent regulations imposed by the financial judiciary. Upbit’s Decision Upbit has announced the removal of
AML and Banking regulations are a threat to the Big 4 crypto exchange. More than 100 smaller exchanges are expected to close. Due to AML protocol, Banks are unhappy. Anti-money laundering(Aml) and banking regulations newly imposed by South Korea, causing tensions that have even left the big four domestic crypto
