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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...
XRP tops Bitcoin on Upbit with $2.6B in trading volume in 24 hours
14.7.2023
Following a favorable partial verdict in the long-drawn SEC court battle, the XRP token surged over 90% on July 13 reaching a new yearly high of $0.90
XRP Trading Volumes Hit $2.5B on South Korean Exchange UpBit
14.7.2023
The trading volume of XRP against the Korean won was the highest among all other counterparts
Upbit Publishes Complete Korean Translation of EU’s MiCA Laws – Crypto Regulation Incoming?
14.7.2023
Upbit, South Korea’s biggest crypto exchange, has published a full, translated text of the EU’s MiCA crypto regulation laws, a suggestion that Europe’s new rules could be impacting other nations.
Officially known as the Markets in Crypto-Assets (MiCA), these regulations have already served as...
Bitcoin Cash Tops $300 as South Korean Trading Volumes Surge
30.6.2023
The bitcoin cash-Korean won (BCH/KRW) pair listed on Upbit has registered a trading volume of $557.63 million in the past 24 hours. That's nearly 3.5 times
Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings
17.5.2023
South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean...
South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal
15.5.2023
The raids came as a local lawmaker stepped down from politics amid accusations of allegedly selling millions in cryptocurrency before new laws were enforced
South Korea Probes Crypto Exchanges Upbit, Bithumb on Ex-Lawmaker's Transfers
15.5.2023
Lawmaker Kim Nam-kuk resigned from the opposition party after his crypto transfers incited controversy
ApeCoin surges 1,950% on South Korean crypto exchange Upbit
12.4.2023
The APE/BTC trading pair reached an all-time high of around $90 apiece on the exchange
Upbit Operator Denies it Wants to Buy a Securities Firm
28.2.2023
Dunamu, the operator of Upbit, South Korea’s biggest crypto exchange, has denied it is poised to buy a securities company – and says it is instead eyeing non-fungible token (NFT) expansion.
The operator has recently been linked with a takeover move for an unnamed domestic securities provider....
UPbit just got upgraded: 7 new Fan Tokens listed!
6.1.2023
UPbit, the popular Korean cryptocurrency exchange, recently announced the listing of seven fan tokens. This is the first time the platform has added fan tokens since 2020. Covering 80% of the Korean crypto market share, UPbit has listed these tokens on the platform – $AFC, $ACM, $BAR, $ATM...
Crypto Exchange Upbit Logo to Appear on Italian Soccer Club Napoli’s Jerseys
5.1.2023
Shirts worn by the players of the Italian soccer team Napoli will display the logo of cryptocurrency exchange Upbit. The arrangement is part of a sponsorship deal with Dunamu, the company that operates the coin trading platform, which is one of the largest in South Korea. Italian Serie A Leader...