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South Korean Regulator Designates Crypto Exchange Bithumb as a Conglomerate

South Korean Regulator Designates Crypto Exchange Bithumb as a Conglomerate

The South Korean Fair Trade Commission (FTC) has classified the crypto exchange Bithumb as a conglomerate. The designation will force the company t...
K-pop Giant and BTS Label HYBE Abandons Blockchain Project

K-pop Giant and BTS Label HYBE Abandons Blockchain Project

Major South Korean record label HYBE shutters its blockchain project Binary Korea less than three years after launching due to poor financial perfo...
Upbit Operator Dunamu Triples Dividends Following Profit Surge

Upbit Operator Dunamu Triples Dividends Following Profit Surge

Dunamu, the parent company of Upbit, has announced a threefold increase in cash dividends to common shareholders following a sharp rise in annual p...
Sen. Kennedy Grills Paul Atkins on SBF Pardon Rumors

Sen. Kennedy Grills Paul Atkins on SBF Pardon Rumors

US Senator John Kennedy questioned prospective SEC chairman Paul Atkins about concerns over a possible presidential pardon for Sam Bankman-Fried (S...
South Korea pauses Upbit’s 3-month ban on serving new clients

South Korea pauses Upbit’s 3-month ban on serving new clients

The partial business suspension of Upbit, the biggest crypto exchange in South Korea, was temporarily lifted by a South Korean court. This suspensi...
South Korean exchange UPbit saw massive earnings growth in 2024 amid regulatory hiccups

South Korean exchange UPbit saw massive earnings growth in 2024 amid regulatory hiccups

Dunamu, the parent company of South Korea’s largest crypto exchange UPbit, reported a significant increase in earnings for 2024, defying ongoing re...
South Korean Court Lifts Upbit’s Three-Month Ban on New Customer Registrations

South Korean Court Lifts Upbit’s Three-Month Ban on New Customer Registrations

A South Korean court has temporarily lifted a three-month business suspension imposed on crypto exchange Upbit. The post South Korean Court Lifts U...
Crypto Crackdown in South Korea: Upbit Suspended, Bithumb Investigated, Overseas Exchanges Face Action

Crypto Crackdown in South Korea: Upbit Suspended, Bithumb Investigated, Overseas Exchanges Face Action

South Korea’s Financial Intelligence Analysis Unit (FIU) is significantly increasing its enforcement on cryptocurrency exchanges, both within the c...
Upbit denies high and expensive listing fee accusations

Upbit denies high and expensive listing fee accusations

Upbit, one of the largest South Korean crypto exchanges, has denied accusations of charging brokerage fees for listing tokens on its platform, call...
Upbit owner clashes with South Korean regulators in legal battle

Upbit owner clashes with South Korean regulators in legal battle

Dunamu, the parent company of South Korea’s largest crypto exchange, Upbit, has reportedly taken legal action against the country’s Financial Intel...