Home Tag Archives: Upbit

Tag Archives: Upbit

7 South Korean Exchanges Pass Security Inspection Checklist

7 South Korean Exchanges Pass Security Inspection Checklist

The South Korean Ministry of Science and ICT reported yesterday that only seven cryptocurrency exchanges including Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Korea have passed the security inspection checklist. A survey was conducted by the Ministry of Science and ICT, the Korea Internet & Security Agency and the Ministry of Economy and Finance, during the period of September to …


Fiat Pairs Outgunned by Crypto-to-Crypto Trading

Fiat Pairs Outgunned by Crypto-to-Crypto Trading

A new cryptocurrency exchange review has reported that crypto-to-crypto exchanges out-peaked fiat currency pairs between mid-September to mid-October of this year. CryptoCompare’s October 2018 Exchange Review records average trading volumes of exchanges offering crypto-to-crypto trades peaked at USD 7 billion a day compared to fiat currency pair volumes only hitting USD 4 billion, showing that pure crypto exchanges have been …


South Korean Firms Actively Adopting, Generating Blockchain 3.0 Tech

South Koreans Actively Adopting, Generating Blockchain 3.0 Tech

Third-generation blockchain projects are in hot competition in South Korea’s bustling blockchain and cryptocurrency industries. The term “Blockchain 3.0” has been cropping up a fair amount in 2018 to a mix of skepticism as to when it will truly arrive, with projects such as EOS and several others supposedly leading this race. In the case of South Korea, there is …


South Korean Gov Check Finds Security Vulnerabilities at Crypto Exchanges

South Korean

The outcome of a recent inspection of 21 domestic cryptocurrency exchanges by the South Korean government has just been released. The inspections were conducted in June and July as a follow up to previous inspections in January and March of this year. The inspections identified 17 out of 85 items as needing immediate focus, 11 of which concerned crypto wallet management. …


South Korea’s Biggest Exchange Cleared of Insolvency Charges

South Korea's Biggest Exchange Cleared of Insolvency Charges

Following the raid of South Korea’s largest cryptocurrency exchange UPbit on insolvency charges, an audit has confirmed that all of its digital currency balance sheets have not been subject to manipulation and the platform has the total funds it claims. Officials took action in May after concerns were raised that UPbit was inflating its trading volumes while manipulating the balance …


Multi-Billion Dollar Conglomerates Enter South Korea Cryptocurrency Space

Multi-Billion Dollar Conglomerates Enter South Korea Cryptocurrency Space

South Korean cryptocurrency exchanges might be looking at a boost in funding as several of the country’s largest multi-billion dollar conglomerates are making their way into the market. This news comes shortly after a period of uncertainty after a significant January dip, prompted by narratives from news outlets as speculation surrounded the government’s stance on cryptocurrency regulations. Now, some of the wealthiest …


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