Bitcoin News / Bitcoin.com - 7 months ago
Bitcoin has soared, doubling its value since the start of the year. Yet, intriguingly, the famed “Kimchi premium” in South Korea remains absent in this current surge of bullish activity. This is a notable deviation from previous...
Bitcoin News / Bitcoinist - 7 months ago
In South Korea, XRP, the native currency of the XRP Ledger (XRPL), is king, not Bitcoin (BTC). According to Kaiko’s research, trading is concentrated chiefly on XRP, which stays ahead of Bitcoin, Ethereum (ETH0, Solana (SOL), and other altcoins...
Bitcoin News / Bitcoin.com - 7 months ago
Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has estab...
Cryptocoins News / The Cointelegraph - 7 months ago
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said. Sou...
Cryptocoins News / The Cointelegraph - 8 months ago
Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license. The Singapore entity for Upbit, South Korea...
Cryptocoins News / Blockchain - 8 months ago
The disclosure of 'Compensation Reserve Funds' by South Korean crypto exchanges, led by Upbit with KRW 20 billion, reflects the country's broader regulatory strides aimed at ensuring user protection, transaction transparency, and market discipline. T...
Bitcoin News / Bitcoin.com - 8 months ago
The Bank of Korea and the Bank for International Settlements (BIS) have announced a new pilot that will test the functionality of a Korean wholesale central bank digital currency (CBDC), which will serve as a tool for banks to settle interbank transa...
Cryptocoins News / Blockchain - 8 months ago
The recent revelation by Elliptic highlights a troubling surge in cross-chain crime, now amounting to $7 billion, with North Korean affiliated Lazarus Group playing a significant role. These findings from the 2023 edition of 'The State of Cross-chain...
Cryptocoins News / The Cointelegraph - 8 months ago
The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will provide expert technical support. South Korea joi...
Cryptocoins News / Blockchain - 8 months ago
South Korean brokerage firms KB Securities, NH Investment & Securities, and Shinhan Investment Corporation form a consortium to jointly venture into the tokenized securities market. The collaboration aims to build a common infrastructure and ex...
Bitcoin News / Bitcoinist - 8 months ago
Upbit, South Korea’s largest cryptocurrency exchange, is reeling from a substantial security breach that has sent shockwaves through the cryptocurrency community. This incident unfolded after Upbit detected a fraudulent deposit that had been ma...
Cryptocoins News / The Cointelegraph - 8 months ago
The North Korean hacking collective has at least $47 million in cryptocurrency, including Bitcoin, Ether, BNB and various stablecoins, including Binance USD. North Kor...
Cryptocoins News / Blockchain - 8 months ago
South Korea is taking steps to scrutinize the criminal records of major shareholders in cryptocurrency businesses. A proposed amendment to the Special Financial Information Law aims to bring the crypto market under a regulatory framework similar to t...
by COINS NEWS - 8 months ago
This is the biggest blunder from an exchange in a very long time. Upbit identified fake tokens as real ones and allowed malicious actors to dump the fake tokens on the market to gain real fiat. Tl;dr of what happened Someone created a fake coin and...
Bitcoin News / Bitcoinist - 8 months ago
A local report confirmed that Busan, the second most populous city in South Korea, plans to use the Ethereum and Cosmos for its project “Blockchain City.” The Asian city has been developing its blockchain capabilities for a while and plans to double...