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Upbit Exchange Hacked For 50 Million Dollars in Ethereum

Upbit Exchange Hacked For 50 Million Dollars in Ethereum

CEO of Upbit, wrote a report explaining the reasons why deposits and withdrawals were not functional on the exchange at the moment, noting that a shocking total of 342,000 ETH were stolen from the Upbit Ethereum Hot Wallet.

Upbit Singapore Secures MAS's MPI Licence

Upbit Singapore Secures MAS's MPI Licence

Upbit Singapore receives a Major Payment Institution license from MAS, marking a key step in its expansion and compliance with Singapore's regulatory standards in the digital asset sector.

Dunamu's Upbit Reports 81% Profit Drop in Q3 2023

Dunamu's Upbit Reports 81% Profit Drop in Q3 2023

Upbit's owner, Dunamu, is facing an 81% drop in Q3 2023 profits due to falling crypto prices and a sluggish investment environment.

Upbit Becomes the First Exchange to Register with FIU as September Deadline Looms

Upbit Becomes the First Exchange to Register with FIU as September Deadline Looms

Upbit has now registered with FIU as other exchanges move to follow this lead before the September 24 regulation deadline.

ApeCoin Experiences Sharp Price Surge on South Korean Exchange

ApeCoin Experiences Sharp Price Surge on South Korean Exchange

Yuga Labs' ERC-20 token ApeCoin (APE) experienced a brief surge in price on the South Korean cryptocurrency exchange Upbit, with prices reaching $90.00 per token before a sell-off reduced most of the gains. The spike was attributed to retail frenzy and trading restrictions on the exchange.

Binance's Market Dominance Challenged as OKX and Upbit Gain Ground

Binance's Market Dominance Challenged as OKX and Upbit Gain Ground

The 2023 CEX Market Report shows Binance's dominance diminishing as OKX and Upbit gain market share. Factors like on-chain data, user growth, and social media presence contribute to the evolving CEX landscape.

South Korea Top Four Crypto Exchanges Launch Joint Venture To Abide By AML Regulations

South Korea Top Four Crypto Exchanges Launch Joint Venture To Abide By AML Regulations

The heads of Bithumb, Korbit, Coinone, and Upbit signed a memorandum to form a company with a system, which will enable them to adhere to anti-money laundering regulations.

Upbit Announces Next LUNA2 Airdrop for LUNC Holders

Upbit Announces Next LUNA2 Airdrop for LUNC Holders

Upbit, a Singapore-based cryptocurrency exchange, plans to launch a LUNA2 airdrop targeting LUNC holders, marking a significant milestone in the rebranding process. The airdrop will be distributed staggered over 24 months, with LUNC holders receiving an extra 30% of the initial airdrop.

Upbit Announces Listing of Layer 1 Blockchain SEI

Upbit Announces Listing of Layer 1 Blockchain SEI

Upbit has announced the listing of SEI, a Layer 1 blockchain specialized in DeFi, on its KRW and BTC markets, with trading support to commence on August 15, 2023.

Hacking Attempts on Upbit Surge to 159,061 in First Half of 2023

Hacking Attempts on Upbit Surge to 159,061 in First Half of 2023

Hacking attempts on South Korea's largest cryptocurrency exchange, Upbit, have surged to 159,061 in the first half of 2023, according to data submitted to the National Assembly. The figure represents a 2.17-fold increase compared to the same period last year. Lawmaker Park Sung-jung criticizes the ambiguous role of the Ministry of Science and Technology in regulating the exchange.

Bitcoin SV (BSV) Surpasses $100

Bitcoin SV (BSV) Surpasses $100

Bitcoin SV (BSV) has surpassed $100 due to strong technical indicators and market activity, especially in South Korea, influenced by market sentiment, technical analysis, and trading volume dynamics.

S. Korean Exchanges to be Held Accountable for LUNA Crash

S. Korean Exchanges to be Held Accountable for LUNA Crash

According to the latest reports from local media platform Newspim, the top cryptocurrency exchanges are now likely to be held accountable for failing to implement measures to protect investors from the crash.

Upbit's Massive LOOM Transactions Drive Market Fluctuations

Upbit's Massive LOOM Transactions Drive Market Fluctuations

Upbit's hefty LOOM transactions to Binance and Bithumb, alongside its substantial holdings of the token, have coincided with a notable price dip, spotlighting the exchange's sway over LOOM's market dynamics.

Cryptocurrency Exchange Upbit's Operator Dunamu Announces Q2 2023 Net Profit of KRW 108 Billion

Cryptocurrency Exchange Upbit's Operator Dunamu Announces Q2 2023 Net Profit of KRW 108 Billion

The latest quarterly report from Dunamu, the operator of cryptocurrency exchange Upbit, shows a net profit of KRW 108 billion in Q2 2023, a significant improvement from the previous year's net loss of KRW 37.8 billion. The company's revenue fell 47.9% from Q2 2022, but net profit remained positive.

South Korean Crypto Exchanges Reveal 'Compensation Reserve Funds'; Upbit Leads with KRW 20 Billion

South Korean Crypto Exchanges Reveal 'Compensation Reserve Funds'; Upbit Leads with KRW 20 Billion

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. This move aligns with the new regulatory framework set to be implemented in 2024, spotlighting the government's agenda to foster a robust infrastructure for digital assets, with the reserve fund mandate forming a cornerstone of this initiative.

Upbit Singapore Acquires Preliminary MAS Approval for Major Payment Institution Licence

Upbit Singapore Acquires Preliminary MAS Approval for Major Payment Institution Licence

Upbit Singapore has received an in-principle approval for a Major Payment Institution licence from the Monetary Authority of Singapore, a significant step towards establishing a stronger digital asset business in Singapore. This provisional approval will enable Upbit Singapore to continue offering regulated Digital Payment Token services as per the Payment Services Act 2019 while awaiting the full license.

South Korea Authorities Seize $47M in Crypto from Tax Evaders

South Korea Authorities Seize $47M in Crypto from Tax Evaders

South Korean authorities have made the largest crypto seizures in the country's history. $47 million in digital currencies have been confiscated.

Upbit Announces Dunamu & Partners' Digital Asset Holdings for October 2023

Upbit Announces Dunamu & Partners' Digital Asset Holdings for October 2023

Upbit discloses Dunamu & Partners' #Bitcoin holdings as of October 2023, holding 2,081.84950412 BTC with no sales transactions recorded, aligning with Upbit's transparency principle in digital asset trading.

South Korea’s Leading Crypto Exchanges Aid Police in Hunting "Nth Rooms" Blackmail Porn Members

South Korea’s Leading Crypto Exchanges Aid Police in Hunting "Nth Rooms" Blackmail Porn Members

The four primary crypto exchanges in South Korea, namely Coinone, Korbit, Bithumb, and Upbit, have reportedly offered to help police investigate the sexual exploitation of underage girls in the “Nth Rooms” scandal that has sparked a national outcry.

US Court Indicts Alleged Lazarus Group Members in $250 Million Crypto Exchange Theft

US Court Indicts Alleged Lazarus Group Members in $250 Million Crypto Exchange Theft

Two Chinese nationals, Tian YinYin and Li Jiadong were sanctioned yesterday by the US Government yesterday for their alleged involvement in laundering stolen cryptocurrency from a 2018 cyberattack. The pair have been charged with stealing nearly $250 million in virtual assets and laundering the money through converting BTC to USD and Chinese Yuan as well as through iTunes gift cards.

US Treasury Sanctions Two Men Accused of Laundering Crypto for North Korean Cyber Crime Syndicate

US Treasury Sanctions Two Men Accused of Laundering Crypto for North Korean Cyber Crime Syndicate

The US Treasury Department Office of Foreign Asset Control has sanctioned two men believed to involved in laundering stolen cryptocurrency from a 2018 cyberattack against a cryptocurrency exchange.

BTI Report Reveals Kraken and Coinbase as the Cleanest Crypto Exchanges

BTI Report Reveals Kraken and Coinbase as the Cleanest Crypto Exchanges

The September issue of the Blockchain Transparency Institute’s market surveillance report, verifying that the cryptocurrency exchange volumes of Kraken and Coinbase are the cleanest in the industry.

Tim Draper's Venture Studio Launches New WordPress Plugin for Anyone to Host a Cryptocurrency Exchange

Tim Draper's Venture Studio Launches New WordPress Plugin for Anyone to Host a Cryptocurrency Exchange

Tim Draper’s venture studio has launched a new WordPress plugin, which makes it possible for anyone to create a cryptocurrency exchange on a WordPress-based website. Established in 2018, Goren Holm Ventures is an incubator/accelerator firm based in Santa Monica, California. A well-known investor and venture capitalist, Tim Draper, partnered with Goren Holm Ventures in 2019 and later rebranded it as Draper Goren Holm. The firm focuses on incubating and accelerating blockchain and crypto startups.

South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader

South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader

A South Korean court has frozen 15 cryptocurrency wallets belonging to Cho Ju-bin, the orchestrator of the “Nth Rooms” scandal. It came to the limelight following a national outcry following the sexual exploitation of underage girls by Cho Ju-bin and his team who was named and paraded through the Korean streets to face the public in March.

South Korea Sees Surge in New Blockchain Platforms for Trading of Unlisted Stocks

South Korea Sees Surge in New Blockchain Platforms for Trading of Unlisted Stocks

South Korea’s progressive-thinking and liberal attitude on blockchain technology and cryptocurrencies got another boost on May 11. Industry sources revealed the upcoming launch of two new blockchain-based exchanges to bolster the financial trading of unlisted equities.

Child Porn Darknet Sites Surge with Crypto-Payments as Korean Police Hunt "Nth Room" Clientele

Child Porn Darknet Sites Surge with Crypto-Payments as Korean Police Hunt "Nth Room" Clientele

The use of cryptocurrencies like Bitcoin and Ethereum has become the preferred payment for internet based human trafficking and depraved services, which include blackmail porn and child sexual exploitation according to forensics firm Chainalysis.

TradeSanta Review: Automated Crypto Arbitrage Trading Tools

TradeSanta Review: Automated Crypto Arbitrage Trading Tools

TradeSanta is a cloud cryptocurrency trading software that can be connected to your exchange of choice to automate and execute your trading strategies.

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