Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered,…
TL;DR MEW is among the best-performing cryptocurrencies on a 24-hour scale, hitting a new ATH several hours ago. The rally happened shortly after the biggest South Korean crypto exchange allowed trading services with the meme coin. Joining Crypto’s Top 100 Club Cat in a Dogs World (MEW) – a Solana-based meme coin which saw the…
Upbit listed Injective (INJ) in the KRW and USDT markets, expanding its accessibility to South Korean traders. Injective’s active addresses surged 2,000%, hitting 1 billion transactions, reflecting increasing blockchain adoption. Upbit, South Korea’s largest cryptocurrency exchange, announced on October 17 that they has listed Injective (INJ) in both the KRW and USDT trading markets. For…
October 14, 2024 at 11:40 AM GST updated: October 14, 2024 at 09:48 AM 2 mins read News South Korea’s FSC forms a Virtual Asset Committee to review spot ETFs and corporate account regulations. The new committee will address market anomalies and tighten investor protections in the cryptocurrency space. South Korea’s Virtual Asset Committee will…
Market News South Korea’s FSC is planning to lift the spot ETF ban. The deposits from Upbit make about 20% of all the deposits into K-bank. South Korea’s Financial Services Commission (FSC) is reconsidering the possibility of lifting its long-term ban on spot exchange-traded funds (ETFs). It further allows institutional accounts on local crypto exchanges. …
South Korea’s Financial Services Commission (FSC) is set to investigate Upbit, the nation’s largest crypto trading platform, amid concerns about its dominant position in the market, as reported by local media outlet einfomax on Oct. 10. FSC Chairman Kim Byung-hwan confirmed the probe, noting that the agency will examine the virtual asset market’s reliance on…
Financial Services Commission Chairman Kim Byung-hwan said he would “look into it” regarding the market domination of the country’s leading crypto exchange Upbit. In a national assembly meeting, legislator Lee Kang-il raised issues about Upbit’s dominance and its close partnership with the local bank, K-Bank. The online banking firm holds a significant portion of Upbit’s…
Wormhole’s listing on Upbit has significantly boosted its market visibility and accessibility. Technical indicators like MACD and RSI suggest the token could maintain upward momentum. Currently ranking first among the top gainers in the middle of a wider drop in the crypto market, Wormhole (W) has shown exceptional performance. The W token is trading at…
According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it’s still hovering just below 1%. Bitcoin Sees Steep Discount in South Korea, Premium Quickly Rebounds but Stays Below 1% On Sept. 23, bitcoin (BTC) in…
South Korean crypto exchange giant Bithumb is reportedly exploring the possibility of listing on the US NASDAQ, as discussed during a shareholder meeting on Monday. The company has indicated that it is open to considering “all possibilities” regarding where to launch its initial public offering (IPO). Bithumb Looks Beyond KOSDAQ Korea Economic Daily revealed the latest…
September 20, 2024 at 07:28 PM GST updated: September 20, 2024 at 03:28 PM 2 mins read News Upbit to launch MEW trading in Bitcoin and USDT markets on September 19, with strict trading restrictions in place. MEW trading volume surged by 230%, pushing its RSI to 85, signalling potential overbought conditions and a possible…
Bitcoin reached an intraday peak of $63,227 on Thursday, following the U.S. Federal Reserve’s decision to lower the benchmark interest rate by 50 basis points the previous day. The entire cryptocurrency market has gained over 5%, and in the past 24 hours, global trading volume jumped by 26.92%. Crypto Market Surges 5%, Stocks Rise, Gold…
September 6, 2024 at 05:18 PM GST updated: September 6, 2024 at 11:59 AM 2 mins read News Upbit’s new BIGTIME KRW market starts today at 18:00 PM, with free withdrawals for the first 24 hours. Bithumb adds JTO and ETHFI KRW markets, with trading restrictions in place for JTO orders within the first five…
Market News In preparation for an impending network upgrade, the cryptocurrency exchange Upbit will temporarily disable the Near Protocol’s (NEAR) deposit and withdrawal services. An official announcement states that the suspension will start on August 26 at 3 am UTC. And continue on until the network upgrade is determined to be stable. Additional information will…
Starting on August 23, 2024, at 1 a.m. ET or 2:00 p.m. KST, this change will take effect. Upbit has reminded its customers to double-check the withdrawal costs. Withdrawal fees for 22 different cryptocurrencies have been lowered by Upbit, a crypto exchange based in South Korea. Among them are well-known tokens such as Shiba Inu…