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Upbit Receives Preliminary 'In-Principal' Approval in Singapore
16.10.2023
The in-principal approval allows Upbit Singapore to continue providing regulated digital payment token services in compliance with the Payment Services Act 2019
Crypto Exchange Upbit Receives In-Principle License Approval from Singapore
16.10.2023
South Korea's leading cryptocurrency exchange Upbit by volume has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
The initial approval will enable Upbit Singapore to continue to provide digital payment token services...
South Korean exchange Upbit gets initial license nod from Singapore
16.10.2023
Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license
Upbit Deflected 879 Hacking Attempts per Day in First Half of the Year
9.10.2023
The exchange is immensely popular in the country and is known for attracting speculative rallies
Crypto Exchange Upbit Faced Over 159,000 Hacking Attempts in H1 2023: Report
9.10.2023
South Korea's largest cryptocurrency exchange, Upbit, was reported to be the target of hacking attempts on over 159,000 occasions during the first half of 2023....
Read More: Crypto Exchange Upbit Faced Over 159,000 Hacking Attempts in H1 2023: Report
Crypto exchange Upbit was targeted by hackers 159K times in H1: Report
9.10.2023
The figure is more than double recorded in the first half of 2022 and a massive 1800% increase from the same period in 2020, according to the operating firm
Upbit initiates manhunt after a fraudulent deposit
25.9.2023
Upbit, the largest crypto exchange platform in South Korea, has suffered a malicious attack on the network, and this attack can only be described as awkward for the platform. Reportedly, someone has deposited fake coins in over 100k accounts. These have later been realized as genuine deposits...
Crypto Exchange Upbit Resumes Aptos Withdrawals After Resolving Scam Token Issue
25.9.2023
South Korean cryptocurrency exchange Upbit has resumed Aptos (APT) deposits and withdrawals after a temporary halt prompted by a scam token infiltration.
On September 24, the Korean exchange abruptly paused Aptos withdrawals and deposits due to an "abnormal deposit attempt," sparking an immediate...
Counterfeit Aptos Token Deposited on Upbit Leads to APT Withdrawals Being Temporarily Suspended
25.9.2023
Exchange has resumed operations, but many are left wondering how such an issue will be prevented
Crypto exchange Upbit stems fake APT token flood, resumes services
25.9.2023
The newly created fake APT token called “ClaimAPTGift.com” made its way to 400,000 Aptos wallets, and users found they were able to deposit and sell it on the exchange
NFT Platform ImmutableX's IMX Token Surges 35% With Upbit Leading Volume Growth
21.9.2023
The IMX-Korean won pair listed on South Korea's leading exchange Upbit accounted for nearly 20% of the 24-hour global trading volume
Roger Ver Joins Leading Innovators at Upbit D Conference 2023
8.9.2023
PRESS RELEASE. The future of blockchain comes into focus at the Upbit D Conference (UDC), where Roger Ver, a leading figure in the crypto space and Founder of Bitcoin.com, will take the stage at Grand Walkerhill Seoul, Korea. Since its inception in 2018, UDC has transformed from an exclusive...
South Korean Crypto Exchanges Mandated to Maintain Reserve Funds of $2.3 Million
28.8.2023
South Korean cryptocurrency exchanges will be required to maintain a reserve fund of at least 3 billion won (approximately $2.3 million) in designated bank accounts starting September.
The new regulations for crypto exchanges are aimed at enhancing user protection in the event of unforeseen...
South Korean city to seize crypto from thousands of tax evaders: Report
22.8.2023
City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government
First Mover Americas: Upbit Moves Up to No. 2 in Spot Trading Volume
4.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
South Korean Exchange Upbit Surpasses Coinbase, OKX in July Trading Volume to Take No. 2 Spot for First Time
3.8.2023
The exchange bucked the general market trend that saw a decline in trading volume for most centralized exchanges
Upbit exchange overtakes Coinbase and OKX in trading volume
3.8.2023
In the month of July the cryptocurrency exchange Upbit outperformed both Coinbase and OKX for the first time in terms of spot trading volume
Upbit Halts Trading of Curve Finance's Token After $100M Exploit
31.7.2023
Other exchanges say they are monitoring the situation closely but have not taken any action
South Korea's Financial Intelligence Unit Presses Crypto Platforms to Improve Compliance Measures
28.7.2023
The Korea Financial Intelligence Unit (KoFIU) in a meeting on Thursday told the Korean crypto industry to double down on their efforts to prevent illegal activities.
At the meeting, KoFIU Commissioner Rhee Yunsu said that a “strategic analysis team” focused on crypto has been set up, and that...
Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities
28.7.2023
According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency...