By CCN.com: South Korea is the fourth most active country in the world in crypto trading, per Coinhills. This, however, did not count for much as three of the country’s top four bitcoin exchanges recorded losses in 2018. The big four are Upbit, Bithumb…
According to a local publication Blockinpress, crypto exchanges in South Korea are struggling to adjust to changing market conditions and the 14-month-long correction. Since January 2018, the global crypto exchange market has seen a rapid decline in vo…
Two major executives of Komid, a cryptocurrency exchange platform based in South Korea, have been sentenced to prison, according to a report by local Korean news outlet Blockinpress. The two individuals were convicted of falsifying trading volumes on t…
South Korea’s top financial regulator has formally filed fraud charges against executives of one of the Asian country’s biggest cryptocurrency exchanges. Three senior executives of Upbit including the founder Song Chi-Hyung were charged with making fra…
On December 10, Lee Seok-wu, the CEO of Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, said that regulation is important to establish industry standards. During a meeting with several members of the Congress and the Financia…
On December 10, South Korea’s National Assembly along with several members of the Congress are set to hold the country’s first official debate around crypto involving high profile government officials. Expected Talking Points of the Debate The meeting,…
As a high-tech hub known for its consumer electronics, tech giants, esports, and global innovation, perhaps it’s not surprising that a report by Cindicator revealed that South Korea will play a major role in cryptocurrency adoption. By reviewing existi…
On October 12, CCN reported that BK Global Consortium, the parent company of Singapore-based BK Medical Group, has acquired a 50 percent stake in Bithumb, South Korea’s largest crypto exchange. Kim Byung-gun, a prominent plastic surgeon and blockchain …
Earlier this month, major Japanese crypto exchange Zaif was hacked, losing $60 million worth of crypto in user funds. The Financial Services Agency (FSA), the main financial watchdog of Japan, has stated that it regrets allowing Zaif to continue its op…
Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated th…
Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, has officially announced the launch of Upbit Singapore, which will be fully operational by October. Upbit Singapore CEO Alex Kim explained in an official statement that local us…
Two US-based crypto behemoths, Coinbase and BitGo, will continue to facilitate growing demand for Bitcoin from institutional investors by operating as trusted custodians. Earlier this week, BitGo was approved by South Dakota regulators to create and op…
Bithumb, South Korea’s second-biggest crypto exchange by daily trading volume behind UPbit, will officially resume registrations for new investors as early as this week. NH Bank, one of the largest financial institutions in the country, is set to sign …
Over the past 24 hours, Bitcoin has rebounded from $7,000 to $7,100, remaining on top of a key resistance level which traders were concerned about. Despite the relatively strong performance of Bitcoin, tokens understandably have not performed well agai…
UPbit, South Korea’s biggest crypto exchange, has seen a profit of $100 million in the third quarter of of 2018, despite the bear market and decline in trading volume. According to the data released by Repository of Korea’s Corporate Filings (DAR…
It has been three months since UPbit, South Korea’s biggest crypto exchange, was raided by local authorities. Yet, the government has not released a public statement on the investigation. Did the Investigation Find Nothing? Earlier this year, UPbit was…
UPbit, currently the biggest crypto exchange in South Korea, came out clean in an audit report which proved the exchange had 100 percent of the amount its balance sheet demonstrated. Police Raid in May On May 11, as CCN reported, UPbit was raided by lo…
Binance, the world’s largest cryptocurrency exchange, is planning an expansion into South Korea, the third biggest cryptocurrency market behind Japan and the US. South Korea’s Unique Market Structure In South Korea, two major digital asset trading plat…
Augur, which its co-founder Joey Krug previously described as the most complex decentralized application (dApp) on the Ethereum blockchain, has surpassed a million dollars at stake and demonstrated a rapid growth rate over the past few weeks. Future of…
The South Korea Blockchain Association has approved 12 crypto exchanges including Bithumb and UPbit over the past week, of having adequate security measures and internal management systems in place. Various local publications reported that Bithumb, UPb…