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.
Latest Upbit News
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.
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.
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.
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.
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.
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.