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‘Crypto Investment Gone Wrong’ Sparked Attempted Arson at Crypto Exchange Upbit
9.11.2021
South Korean police have revealed that the man who was arrested for attempted arson at the Upbit crypto exchange customer service center last week had made a disastrous cryptoasset investment and had lost money on token purchases.
The man was originally arrested on suspicion of trying to...
Man ‘Tried to Set Himself on Fire’ at S Korean Crypto Exchange Upbit Customer Center
4.11.2021
A man who police claim was ready to set himself on fire at the South Korean crypto exchange giant Upbit’s flagship customer service center has been taken into custody and charged with attempted arson.
Per iNews24, as well as SBS and the Hankyoreh, at 4:20 PM local time on November 4, police...
Polygon can hit $3.50 in Q4 as MATIC's 20% weekly rally triggers bull flag setup
15.10.2021
MATIC retested the Bull Flag's upper trendline as resistance Friday after it price rose by up to 30%
Deposits on ‘Big Four’ South Korean Exchanges up 1,368%
5.10.2021
"https://cryptonews.com/news/s-korean-mp-bids-to-prevent-crypto-crisis-while-kimchi-premi-11218.htm">kimchi premium traders making “illegal transactions.”Upbit, the market-leading exchange, and Korbit, the first trading platform in the nation appear to have received their permits within h
Korean crypto exchange Upbit to halt withdrawals for unverified users
4.10.2021
Major South Korean crypto trading platform Upbit will start gradually limiting services for unverified users this week
Last-gasp Negotiations Fail as All But 4 S Korean Crypto Exchanges Frozen out of Fiat Markets
24.9.2021
offering crypto-to-crypto-only services.This means that only the “big four” exchanges – Upbit, Korbit, Coinone, and Bithumb – who have already
Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks
10.9.2021
Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow the trading platforms to register with financial authorities before the Sept....
South Korea: Four Exchanges Safe but USD 2.6B Closure Storm Brewing
10.9.2021
To do so, they need to fulfill a number of criteria, including securing information security management system (ISMS) certification and real-name authenticated banking contracts for their customers. The latter has proved extremely problematic for most exchanges.The market leader Upbit last
30-somethings led crypto purchases at South Korean exchanges in 2021
30.8.2021
The increased trading volume comes following the country's Financial Services Commission requiring crypto trading platforms to register as digital asset service providers before Sept. 24
Upbit reportedly first crypto exchange to file with Korean regulators
23.8.2021
Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit — who are collectively referred to as “The Big Four.”
Upbit is First South Korean Exchange to Apply for Operating Permit
23.8.2021
Upbit has become the first South Korean crypto exchange to officially apply for an operating license – with the nation’s financial regulator confident that “at least one or two” others will follow suit before the end of this month.
The move is a major statement from the crypto sector, which...
Upbit Gains Upper Hand in Legal Fight Against Delisted Altcoins Issuers
12.8.2021
The market-leading South Korean crypto exchange Upbit has found itself involved in a series of legal struggles with the issuers of some of the tokens it delisted earlier this summer.
As previously reported, the nation’s biggest trading platforms went on a series of unexpected, late-night altcoin...
Korean Exchanges Delist High-risk Coins as They Face Tough Regulations
17.6.2021
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading...
Regulations drive Korean exchanges to delist, warn against high risk coins
16.6.2021
Amid increasing scrutiny and demand from regulators, South Korean crypto exchanges are sifting through their supported assets and delisting or placing high-risk coins on an investor warning list
South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges
5.6.2021
Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security...
South Korea's banking association alarmed by altcoin trading mania
10.5.2021
South Korea’s banking body wants crypto exchanges to be wary of the risks of being overexposed to altcoins
Upbit Introduces Daily Limit on Deposits as ‘Self-Regulation Begins’
27.4.2021
South Korean media outlets have suggested the nation’s crypto exchanges are beginning to “self-regulate” as pressure mounts from the government – with the Upbit trading platform capping crypto deposits to a daily maximum of just under USD 450,000.
Per Donga Ilbo, one of the country’s biggest...
Upbit investor stock price surges three-fold amid bullish crypto trading in South Korea
7.4.2021
A minority investor in a major South Korean crypto exchange is currently the best performing stock in the country
Kimchi Premium Vanishes, then Returns as Bank Issues Appear to Have Hit Upbit
7.4.2021
Widespread reports of a return of the kimchi premium appear to have been shrouded in confusion after bitcoin (BTC) prices plummeted briefly on a number of domestic exchanges before rising back above the USD 62,000 mark – while the market-leading Upbit platform suspended fiat withdrawals, possibly...
Upbit Operator May Follow Coinbase with Nasdaq IPO Bid – Analysts
26.3.2021
South Korean analysts claim that Dunamu, the operator of the crypto exchange Upbit, could be heading for an initial public offering (IPO) – and, possibly inspired by Coinbase’s own IPO bid, may choose to launch on America’s Nasdaq exchange rather than a domestic alternative.
Per a report from...