Tag: upbit

Jul 22 2022

FTX in talks to buy South Korea-based Bithumb

Jul 22 2022 Published at CryptoSlate under tags  bithumb exchanges ftx ftx.us upbit

Leading crypto exchange FTX is reportedly in talks to purchase South Korea- based Bithumb, Bloomberg News reported July 22. The two companies have reportedly been in talks for months, and there are indications of the negotiations being at an advanced stage. A Bithumb spokesperson did not confirm the development. Bithumb...

Jul 20 2022

Terraform Labs Investigation Intensifies: Seven Crypto Exchanges Linked To Collapse Raided

Jul 20 2022 Published at Bitcoinist.com under tags  crypto news do kwon luna south korea terra

The South Korean cryptocurrency ecosystem is still experiencing issues because of the Terraform Labs probe. According to reports, the nation's authorities advanced the probe on Wednesday with their most recent actions. The investigation into the fraud claims against the Terraform Labs management is still ongoing. Terraform Probe Heats Up As part of their ongoing inquiries into the failure of Terraform Labs' iconic Terra...

Jun 13 2022

Binance To Ban Litecoin Transactions With MimbleWimble Upgrade

The world's biggest crypto exchange by volume, Binance, published blog post this morning saying they are not going to support the MimbleWimble Extensions Block (MWEB) feature for Litecoin (LTC) deposits and withdrawals. They cited worries about security as the main reason for this decision. Binance has delisted many other coins in...

Jun 08 2022

Litecoin (LTC) Upgrade Spells Doom For Asset, Major Exchanges Withdraw Support

Jun 08 2022 Published at Coingape under tags  altcoin news litecoin ltc news upbit

The discontinuation of Upbit's support for Litecoin...

May 31 2022

Crypto Exchange Upbit Operator Sees 47% Decline in Q1 Revenue

Cryptocurrency exchanges are now facing the wrath of the declining market sentiment. Dunamu, the operator of South Korean crypto exchange Upbit, reported the first quarter of 2022’s operating profi...

May 23 2022

South Korean exchanges Bithumb, Upbit issue warnings to users concerning Litecoin

The Litecoin (LTC) blockchain's latest privacy-focused MimbleWimble upgrade has caused two of Korea's top crypto exchanges Bithumb and Upbit to issue investment cautions regarding the fifth-largest cryptocurrency. Bithumb and Upbit, which together account for the majority of South Korean trading volume, issued statements on Monday warning investors about the hazards of the privacy-enhancing upgrade. According […]

May 17 2022

May 11 2022

Major South Korean Exchanges Release LUNA Update Amid UST Debacle

The "big four" in Korea warn investors of LUNA's fluctuating price Bithumb and Coinone suspended deposits for now The update follows a massive crash in the market price of LUNA Terra’s UST stablecoin remains depegged after a previous recovery Upbit, the biggest cryptocurrency exchange in South Korea, tagged Terra’s governance token as a cautionary item on Wednesday (May 11, 2022). The platform reportedly...

Dec 15 2021

Korean crypto exchange Upbit’s parent company Lambda256 raises $60M in Series B

Dec 15 2021 Published at CryptoNinjas under tags  capital raising dunamu lambda256 upbit

Lambda256, the blockchain arm of Korean fintech firm Dunamu, announced today it has secured $60 million (70 billion KRW) in a Series B round that values the company at over $300 million. This round was backed by major Korean venture capitals and investors, including Dunamu, Hanhwa Systems, Chong Kun Dang, Yanolja, Daelim, VTI Partners, DSC Investments, Shinhan Venture Capital, KB Investments, and SBI...

Oct 27 2021

Oct 15 2021

Aug 23 2021

Crypto Exchange Upbit Registers with South Korean FIU

Only four local crypto exchanges have mandatory banking deals to maintain real-name client accounts.

Aug 10 2021

Korean Banks See 140% Rise in Crypto Transaction Revenue

Aug 10 2021 Published at Coingape under tags  bitcoin news bithumb btcbrl btcbusd btcdai

Three South Korean Banks providing real-name accounts for cryptocurrency exchanges saw more than double in crypto transaction fee revenue during the second quarter filings of 2021, as compared to the first-quarter earnings. According to data received from the Financial Supervisory Service by Rep. Yoon Chang-Hyeon, a member of the National Assembly's Political Affairs Committee; K The post Korean Banks See 140% Rise in...

May 25 2021

Feb 03 2021

Jan 22 2021

Crypto exchange Upbit shows over 100% user fund capitalization in audit report

Jan 22 2021 Published at CryptoNinjas under tags  crypto exchanges upbit

Upbit, a South Korean-based cryptocurrency exchange, released today its latest audit reports showing over 100% user fund capitalization in both crypto and fiat. The ‘Digital Assets and Fiat Deposit Audit’...

Upbit Thailand Launches as Bitkub Facing Troubles

Bitkub handles 97 percent of the total crypto trading in Thailand.

Jan 19 2021

South Korea’s Dunamu Launches Bitcoin ‘Fear and Greed’ Index to Guide Traders

Jan 19 2021 Published at CoinDesk under tags  coinflash dunamu markets news south korea

The tool is aimed to help traders make better decisions based on market sentiment.

Nov 27 2020

Upbit Ramps Up Security with 24-Hour Withdrawal Delay

Traders have to wait for a day after fiat deposits to cash out in crypto.

Crypto Exchange Upbit Brings in Withdrawal Delay in Bid to Tackle Fraudsters

Nov 27 2020 Published at CoinDesk under tags  business crime cryptocurrency exchanges markets

The South Korea-based exchange has announced a 24-hour cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks.

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