South Korean crypto exchange Upbit is about to be acquired by internet giant Naver, according to a report. The deal would bring Upbit’s parent Dunamu under the umbrella of Naver Financial, making Dunamu a full subsidiary of Naver’s financial arm, the report said. Upbit is one of the largest crypto exchanges in the crypto friendly … Read more
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Korean Air has signed a research agreement with Stockholm-based Wingbits to … Read more
South Korean lawmaker wants to bring back ICOs A South Korean lawmaker has introduced draft legislation to create a framework for cryptocurrencies, including legalizing initial coin offerings (ICOs) and setting rules for stablecoin issuance. Lee’s proposes bill that brings ICOs back to South Korea. (KNN News/Youtube) The proposal, announced Thursday by ruling Democratic Party lawmaker … Read more
News Background XRP fell sharply alongside broader market weakness, retreating 4.3% in the 24-hour session from August 28 at 13:00 to August 29 at 12:00. On-chain data showed Korean exchanges absorbing 16 million XRP (≈$45.5 million) during the selloff, pointing to regional institutional demand even as retail wallets reduced exposure. South Korea has historically been … Read more
NEAR Protocol saw heightened volatility in the 24 hours ending August 14 at 14:00 UTC, with prices fluctuating between $2.78 and $3.05 before settling at $2.82. The decline from the $3.05 resistance to $2.75 support was driven by heavy institutional selling, totaling nearly 20 million tokens during peak pressure. Despite this, the asset’s fundamentals remain … Read more
A small team of North Korean IT workers — linked to a $680,000 crypto hack in June — have been using Google products and even renting computers to infiltrate crypto projects, according to newly leaked screenshots coming from one of the workers’ devices. In an X post from ZachXBT on Wednesday, the crypto sleuth shared … Read more
A small team of North Korean IT workers — linked to a $680,000 crypto hack in June — have been using Google products and even renting computers to infiltrate crypto projects, according to newly leaked screenshots coming from one of the workers’ devices. In an X post from ZachXBT on Wednesday, the crypto sleuth shared … Read more
XRP is now live on BDACS, a regulated crypto custodian for South Korean institutions, marking the first concrete outcome of Ripple’s custody partnership announced in February. BDACS talked about the launch in a post made Aug. 5 on X. The firm said it will offer custody support for XRP, which it described as one of … Read more
WazirX was impacted in a data breach on Thursday, as the company lost funds worth $230 million (roughly Rs. 1,924 crore) to hackers. Over the past 24 hours, analysts and crypto industry executives have identified reasons to believe that this sophisticated breach could have been initiated by North Korean hackers, possibly linked to the infamous … Read more
The US Federal Bureau of Investigation (FBI) has warned crypto investors about the increasing danger posed by sophisticated North Korean hackers. The aim of these cybercriminals, according to the US investigative agency, is to steal hefty crypto reserves from firms that are operating services related to digital assets. These hack attacks have been described as … Read more