South Korea’s K Bank aims for digital currency-fueled IPO in 2022
The South Korean startup bank is said to be experiencing rapid growth from its services, which senior executives think could see the bank turning a profit in 2022.
Latest Upbit News
South Korean giant Hanwha takes minority stake in Upbit
In a deal reported to be worth $52 million, Hanwha has invested through its brokerage arm, which will acquire 2.06 million shares. The deal is expected to close on February 22.
Upbit becomes first exchange to gain 4 licenses in Thailand
The licenses will allow Upbit Thailand to offer services in four categories: digital token exchange, digital token broker, digital currency broker and digital currency exchange.
Chainalysis talks Upbit partnership and COVID-19 impact on crime
In an interview with CoinGeek, Chainalysis discusses how the COVID-19 pandemic has affected digital currency crime, Upbit partnership and how it’s coping in these trying times.
South Korea’s digital currency exchanges assisting in child porn investigations
South Korea is gripped by a child porn scandal that has caused national uproar. And now, the four largest digital currency exchanges are helping investigators.
Upbit-linked crypto wallet BitBerry to shut down
South Korean crypto wallet Bitberry is set to shut down at the end of this month, blaming the crypto market slow momentum and the uncertainty of the industry.
Upbit hack ends in nearly $50M crypto loss for exchange
South Korean cryptocurrency exchange Upbit notified its users of the unauthorized transfer of 342,000 Ether (ETH) worth roughly $49 million from its hot wallet.
Upbit delisting privacy coins following new regulations
Upbit moved to delist the coins for similar reasons to OKEx: South Korea would slam them otherwise.
South Korea’s pop music giant SM to launch cryptocurrency
South Korean firm SM Entertainment is reported to have partnered with CTIA Labs to build the project, which is still in the early stages of development.
North Korean phishing attempt almost works on Upbit customers
Crafty North Korean hackers nearly found a way to steal a bunch of money from South Korean cryptocurrency investors.
3 of South Korea’s top crypto exchanges post losses in 2018
Against the backdrop of the ongoing bear market, only Upbit turned a profit for the year, bucking the trend which saw Bithumb, Coinone and Korbit post heavy losses for the period.
Upbit execs accused of exaggerating crypto orders to rake in over $106M
Cryptocurrency exchange Upbit, the largest in South Korea, has been accused of falsifying orders and manipulating data processing systems.
