Layer 1 blockchain Aptos has announced normalcy to its operations following a five-hour outage that impacted trading activities including a temporary suspension from two exchanges. The company disclosed a return to the status quo via a social media post on X (Twitter). “The issue has since been resolved and the network is operating normally.”… Read…
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Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has established itself as a crypto hub. Upbit Singapore Gets In-Principle Approval for Major Payment Institution License The Singapore subsidiary of cryptocurrency…
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Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license. The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore. On Oct. 16, Upbit Singapore said the Monetary Authority of Singapore (MAS)…
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The newly created fake APT token called “ClaimAPTGift.com” made its way to 400,000 Aptos wallets, which was mistakenly recognized by crypto exchange Upbit as the real deal. South Korea cryptocurrency exchange Upbit has resumed Aptos (APT) deposits and withdrawals again after fixing an issue that saw a scam APT token incorrectly recognized as the real…
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City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government. The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents. The administration of Cheongju has requested seven South Korean…
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In a report by the crypto market aggregation web portal Coingecko, Binance retains its crown in the centralized cryptocurrency exchange arena, but not without facing fierce competition and challenges. Binance Leads But Not Without Contenders, Says Coingecko’s Mid-Year Crypto Study According to the Coingecko research report, Binance continues to dominate the centralized cryptocurrency exchange market…
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The Korea Financial Intelligence Unit (KoFIU) in a meeting on Thursday told the Korean crypto industry to double down on their efforts to prevent illegal activities. At the meeting, KoFIU Commissioner Rhee Yunsu said that a “strategic analysis team” focused on crypto has been set up, and that the team will work more systematically to…
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According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency exchanges including Upbit, Bithumb, Coinone, Korbit, and Gopax have created compliance systems to monitor illegal…
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South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean Law Enforcement Authorities Check Records From 3 Crypto Platforms Investigators from the Seoul…
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Dunamu, the operator of Upbit, South Korea’s biggest crypto exchange, has denied it is poised to buy a securities company – and says it is instead eyeing non-fungible token (NFT) expansion. The operator has recently been linked with a takeover move for an unnamed domestic securities provider. But Sisa Week reported Dunamu has “denied” the…
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