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Category South Korea news

Whales Control Over 90% of Trading on South Korea’s Crypto Exchanges, Data Shows

Whales Control Over 90% of Trading on South Korea’s Crypto Exchanges, Data Shows

A new report reveals that large-scale investors, classified as “whales,” account for over 90% of trading on South Korea’s centralized exchanges. Wh...
$24B in Crypto Holdings Vanish in 6 Months in Korea — What’s Going On?

$24B in Crypto Holdings Vanish in 6 Months in Korea — What’s Going On?

The Bank of Korea (BOK) reports that South Korean investors’ total crypto holdings have fallen by 27% in just six months. Trading volume and deposi...
South Korea’s Crypto Regulation in Limbo After Government Scraps Financial Reform

South Korea’s Crypto Regulation in Limbo After Government Scraps Financial Reform

South Korean President Lee Jae-myung’s campaign promise to reform the nation’s financial authorities has been abandoned. This decision leaves the f...
Upbit Operator Dunamu Reportedly to Consolidate with Naver

Upbit Operator Dunamu Reportedly to Consolidate with Naver

South Korea’s local media reports that Dunamu, the operator of the Upbit cryptocurrency exchange, and Naver’s subsidiary are to be consolidated int...
Upbit Flags UXLINK Trading Warning Token As Hacker Gains Mint Role

Upbit Flags UXLINK Trading Warning Token As Hacker Gains Mint Role

Upbit, the largest Korean exchange, has listed UXLINK only hours after the web3 social media app reportedly suffered an $11 million attack. Amidst ...