The deal would rename Sinsiway as Parataxis ETH, Inc. and make it South Korea's first ether-focused treasury platform backed by U.S. institutional capital.
Upbit said it reimbursed all 38.6 billion won in member assets from its reserves.
On Thursday, South Korea's largest digital asset exchange, Upbit, suspended deposits and withdrawals after detecting unusual activity in the Solana network tokens.
Upbit has suspended digital asset withdrawals after detecting irregular activity involving Solana network tokens.
The country's largest crypto exchange said the Financial Intelligence Unit has been wrong in the past and had actions overturned in court.
A Bybit spokesperson said the talks, reported by South Korea’s Maeil Business Newspaper, are “not within our knowledge.”
As crypto trading volumes collapse in South Korea, retail investors are flocking to the stock market, fueling a state-backed AI-driven rally that’s replaced altcoin mania with semiconductor fever.
The blockchain firm’s native token debuted Monday with strong activity on Binance and Korean exchanges, following a $18 million Series A raise in September.
Bithumb led with 12.4 billion won, followed by Upbit with 366 million won. Smaller amounts moved through Coinone and Korbit, while Gopax reported no activity.
Ethereum’s ongoing underperformance against Bitcoin has reignited debate over what’s holding the asset up, and who’s really behind its demand. According to Bitcoin advocate Samson Mow, roughly $6 billion in South Korean retail money is now propping up so-called Ethereum treasuries, companies accumulating ETH as a balance-sheet asset echoing MicroStrategy’s Bitcoin strategy. Mow issued the […]
The post Are South Korean retail traders the only thing keeping Ethereum treasury companies alive? appeared first on CryptoSlate.
Naver Financial, the fintech arm of South Korea’s largest search engine, is weighing a potential share-swap agreement with Dunamu, the operator of Upbit. Earlier today, reports from local outlets suggested that the talks had already advanced into merger territory, but Naver’s regulatory filing clarified that no binding terms have been confirmed. The disclosure, submitted to […]
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The deal would bring Upbit's parent Dunamu under the umbrella of Naver Financial.
Alphractal called Kospi's record high an incremental signal that bitcoin's bull run may be nearing an end.
A website tied to the name of the project is live, featuring a countdown suggesting an announcement could be made within the next few hours.
In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will explore the role of dollar-pegged and won-pegged stablecoins in the country.
Regulators froze new lending products after forced liquidations and market distortions, but some analysts say improvements, not shutdowns, are the smarter path forward.
Japan and South Korea are moving quickly to create clearer rules for stablecoins as global interest in digital currencies grows. Stablecoins are cryptocurrencies designed to hold steady value by linking to fiat currencies, commodities, or other assets. Their use in payments, trading, and DeFi has expanded rapidly, with forecasts suggesting the market could grow into […]
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Examining South Korea’s tightly controlled CBDC approach versus Japan’s open stablecoin framework, and what these shifts could mean for investors.
The online lender joins a growing wave of Korean fintechs eyeing stablecoin issuance after the government scrapped its CBDC pilot in favor of private-sector alternatives.
The newly public firm will pursue bitcoin-focused treasury strategies in the U.S. and South Korea.
XRP is gaining renewed traction in Asia, driven by fresh institutional interest and infrastructure developments in South Korea and Japan, two of the region’s key crypto hubs. This resurgence comes as the token’s price has remained relatively bound around the $3 mark over the past month, coinciding with the continued expansion of the XRP Ledger’s […]
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BDACS launches XRP custody for institutions in Korea, deepening Ripple partnership and boosting regulatory alignment for XRP’s global institutional use.
The team will be responsible for monitoring the digital asset market and holding discussions on crypto-specific legislation.
The report seems to suggest a change in stance by South Korea, which was reportedly looking to ease crypto trading.
XRP has hit a new all-time high of $3.65, driven largely by a spike in trading activity across South Korea and the United States. Data from CryptoSlate shows that XRP ranked among the top five most traded digital assets over the past 24 hours, trailing only behind Bitcoin, Ethereum, and the stablecoins USDT and USDC. […]
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The court ruled the customers benefited from unjust enrichment due to a network delay, not the exchange’s servers.
The court ruled the customers benefited from unjust enrichment due to a network delay, not the exchange’s servers.
A KRW stablecoin could effectively iron out the spread between exchanges and end the "kimchi premium."
The project had reached the stage of developing a pilot program together with participating banks.
South Korea’s retail traders just made Circle their top foreign stock as a new president ramps up stablecoin regulations.