News
The investor warning from the South Korean regulator comes as Synthetix USD, a stablecoin collateralized with Synthetix tokens, failed to recover its dollar peg.
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Latest Upbit News
Upbit is a South Korean cryptocurrency exchange founded in 2017 by Dunamu, with support from the U.S.-based exchange Bittrex.
It quickly became one of the largest and most trusted exchanges in South Korea, known for its robust security measures, user-friendly interface and extensive range of cryptocurrencies available for trading. Upbit has expanded its services internationally, with platforms in Singapore and Indonesia.
Despite facing regulatory challenges and scrutiny, Upbit remains a major player in the global crypto exchange market.
- Analysis
A surprise, botched coup kept South Korean regulators busy at the end of 2024, but when the dust settled, financial watchdogs awoke.
3108 - Market Analysis
A majority of XRP supply is in profit, but rising sell pressure at Upbit could be a sign that a growing number of investors are turning bearish.
8281 - News
Dunamu sued the country’s financial regulator, seeking to overturn the sanction and requesting an injunction to temporarily lift the ban.
5215 - Newsletter
United States Senator Dick Durbin proposed legislation aiming to reduce fraud through crypto ATMs.
8362 - News
Upbit operator Dunamu is trying to overturn sanctions imposed by regulators after they found faults with Upbit’s verification process.
6511 - News
Upbit emphasized that the FIU’s sanctions “may be subject to change” through procedures in accordance with relevant regulations.
3837 - News
Upbit must respond to the FSC’s suspension notice by Jan. 20 or face restrictions on new registrations on the platform for six months.
2888 - News
Upbit has warned investors as IOST plans a layer-2 transition, with 21 billion new tokens and a tokenomics overhaul.
12025 - Market Update
Bitcoin's price cooled off at the start of December, but several bullish catalysts support investor anticipation that $100,000 BTC is around the corner.
5943 - News
South Korea said North Korean hackers Lazarus and Andariel were behind the $50 million Upbit hack in 2019, with the stolen crypto now valued at over $1 billion.
4163 - News
Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with its business license renewal.
4595 - News
Upbit’s privacy policy update involves transferring user data to AWS servers in the US for improved service reliability and compliance with local regulations.
16063 - News
Upbit ensures uninterrupted NEAR trading while suspending deposit and withdrawal services amid a crucial network upgrade.
4382 - News
Dunamu’s consolidated sales in the first quarter of 2024 reached $400 million, showing a 60.5% increase.
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