BTC price surpassed $72,000 in South Korea as the “Kimchi premium” widens, suggesting strong retail interest as the government mulls spot Bitcoin ETF approval.
Upbit News
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Upbit Singapore intends to expand its range of services in the country after securing a Major Payment Institution license.
2600Dunamu reported a net profit of $23 million in the third quarter of 2023, a steep drop compared to the $123 million it earned in Q3 2022.
6130Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.
11062The figure is more than double recorded in the first half of 2022 and a massive 1,800% increase from the same period in 2020, according to Dunamu.
5731Users were prevented from withdrawing their CYBER Earn assets on the exchange due to a cross-chain bridging issue.
6220City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government.
4725In the month of July, Upbit outperformed both Coinbase and OKX in terms of spot trading volume for the first time.
8366The proposed bill would require top government officials and lawmakers to declare all personal crypto holdings over $760.
7165The raids came as a local lawmaker stepped down from politics amid accusations of allegedly selling millions in cryptocurrency before new laws were enforced.
2808The APE/BTC trading pair saw the Yuga Labs-issued coin reach an all-time high of around $90 apiece on the exchange.
9940Korean exchanges will soon be required to list tokens based on the same guidelines to ensure compliance with local regulations, and make emergency decisions together to prevent another Terra fiasco.
3644The Upbit operator is under heavy scrutiny from local regulators as its total assets balloon and a subsidiary issued controversial investment advice.
1722Complying with the rules puts South Korea ahead of the curve for regulating virtual assets but could be harming the domestic industry with overbearing transfer restrictions between exchanges.
5132Upbit operator Dunamu plans to expand its joint NFT venture with South Korean entertainment firm HYBE.
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