Bithumb eyes IPO in 2025 amid regulatory hurdles
Bithumb is reshaping its position as a digital currency exchange with plans to go public in South Korea in 2025, enlisting Samsung Securities as its underwriter.
Latest Upbit News
New offering allows K-pop fans to engage with idols via distributed ledger technology
In line with the rapid transformation of the entertainment industry, Dunamu Inc looks to boost its revenue while promoting further engagement between fans and K-pop idols through digital collectibles.
Why did Upbit and Bithumb just delist Litecoin?
The move comes after the activation of the privacy feature MimbleWimble and brings the total number of digital currency exchanges that have delisted Litecoin to five, including Upbit and Bithumb.
South Korea: Litecoin privacy upgrade worries Upbit exchange
Upbit has issued an investment warning about Litecoin (LTC) to its users, who have been left on edge because of its upgrade that introduces confidential transactions.
South Korea to put stricter regulations on Dunamu over Upbit monopoly concerns
The Korea Fair Trade Commission will put Dunamu, owner of the country's largest digital currency exchange Upbit, under high scrutiny due to the firm's monopolistic market share.
South Korea’s Upbit exchange to limit withdrawals for unverified users
Following the withdrawal limits, Upbit has said it will go further in restricting trading services to verified users only, including all deposits and withdrawals, effective October 13.
Upbit becomes first exchange to register with South Korea regulator
Upbit submitted the business report that exchanges are required to file with South Korea’s FIU, upon completing real-name verification and partnering with a bank.
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.
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.