Business 18 April 2019

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.

Business 26 December 2018

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.

Business 12 November 2018

Upbit makes its move into Thai, Indonesian markets

Upbit, one of the biggest cryptocurrency exchanges in South Korea, has reportedly set up a website for crypto exchanges in Thai and Indonesian languages, as part of its attempt to market its trading services to customers in the two Asian countries.

Business 4 October 2018

South Korea says crypto exchanges aren’t venture firms, increases taxes

The proposal for blockchain industry, as well as cryptocurrency exchanges, that would see entities in the spaces be permanently added to the government’s official list of certified venture firms has now been shot down.

Business 20 September 2018

South Korea’s Upbit to open Singapore crypto exchange in October

Kakao affiliate Dunamu, which operates South Korean cryptocurrency exchange Upbit, is gearing up to open a Singapore-based exchange in October.

Business 12 September 2018

South Korean banks withdraws services to anonymous crypto accounts

Representatives from the South Korean banking industry have said they will limit services to cryptocurrency traders who haven’t converted to real-name accounts, in a move designed to shake up the 50 to 60% of accounts that still remain unverified.

Business 18 May 2018

Will a new generation of crypto exchanges move us past Mt. Gox?

The Mt Gox effect is still being felt with trustees dumping thousands of BTC on the market and creating artificial depressions in price—much to the chagrin of the cryptocurrency investment community.

Business 16 May 2018

Upbit audit confirms South Korean exchange did nothing wrong

An audit performed by an outside accounting firm revealed that Upbit, which has been hit with allegations of fraud, has done nothing wrong.

Business 11 May 2018

South Korea’s largest crypto exchange faces fraud investigation

Upbit has been invaded by South Korean investigators following accusations of falsifying balance sheets to deceive investors.

Business 27 March 2018

Upbit establishes first cryptocurrency index in South Korea

The Upbit Crypto Index will be the first index in South Korea. Upbit plans on offering a total of four indices, with the first three coming online in April.