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Upbit Introduces Daily Limit on Deposits as ‘Self-Regulation Begins’


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...

Kimchi Premium Vanishes, then Returns as Bank Issues Appear to Have Hit Upbit


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


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...

Upbit Begins Crypto Withdrawal Delays + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news The South Korean crypto exchange Upbit will introduce a crypto withdrawal delay system tomorrow to “help limit the damage caused...

XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher


During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin...

Investors Make ‘Dutch Auction’ Complaint against Crypto Exchange Upbit


Investors have made an official complaint to a South Korean financial regulator about crypto exchange Upbit’s so-called “Dutch auction” listing strategy, claiming that recent listings amount to “back-door” initial coin offerings (ICOs). Per media outlet Paxnet, a group of crypto investors...

European Crypto Exchange Hacked for $5.4 Million in Bitcoin


Eterbase, a Slovak cryptocurrency exchange, revealed Thursday that it had been hacked for $5.4 million. Cyber-criminals broke into six hot wallets containing bitcoin, ethereum, algo, ripple, tezos, and tron, stealing everything, it said. Hot wallets are active digital asset accounts connected...

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