Upbit
Bitcoin Flash Crash to $63K on Upbit After South Korea's Martial Law
Bitcoin fell as low as $63,000 on Upbit after martial law was declared in South Korea. According to data from Lookonchain, whales moved large amounts of tether onto the crypto exchange to take advantage of the BTC discount Tuesday. CoinDesk's Christine Lee presents the "Chart of the Day."
Akash Network’s Token Surges Nearly 50% on Upbit Listing
Akash Network’s token surged to nearly $7 after the token was listed on South Korean exchange, Upbit. Upbit is the largest crypto exchange in South Korea by trading volume, and AKT has a market cap of 1.45 billion dollars according to Messari. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Crypto Fee War Intensifies in South Korea
According to Kaiko data, Upbit has been the dominant player in the South Korean crypto markets since 2021 with an average market share of 82%. Since exchanges started promoting their zero-fee campaigns, competition has intensified during the recent bull run. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
NFT Platform ImmutableX's IMX Token Surges This Week, Upbit Leads Volume Growth
IMX, the native token of NFT platform ImmutableX, surged on Thursday to as high as 74 cents, before retreating. The IMX-Korean won (IMX/KRW) pair listed on South Korea's Upbit exchange accounted for nearly 20% of the global activity. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Breaking Down the Crypto Trends in South Korea
Matrixport's Head of Research and Strategy, Markus Thielen, joins "First Mover" to discuss crypto asset evaluation and trends in the Korean market, focusing trading activities on crypto exchange Upbit and the recent surge in XRP token.
XRP Trading Volumes Spike to Billions of Dollars on South Korean Crypto Exchanges
Trading volumes for XRP spiked to billions of dollars on UpBit, Bithumb and Korbit, three of Korea’s top exchanges by volume, on the back of the token's 26% rise in the past week. CoinDesk Executive Director of Global Content Emily Parker explains the driving force behind the surge. Plus, new insights on the potential crypto regulatory framework happening in Hong Kong.
Crypto Miners Blamed for Kazakh Power Shortages, Bitcoin on the Up
Crypto mining blamed for power shortages in Kazakhstan. Bitcoin crosses US$50,000 mark and leads altcoins up. A lawmaker accuses Korean crypto exchange Upbit of listing faulty tokens to earn fees. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Upbit Passes Korea Crypto Race Post, P2P Transactions Surge in India
Upbit was named as the first officially licensed crypto exchange under new Korean regulations. India sees a surge in peer-to-peer transactions amid banking challenges. Cosmos hits an all-time high. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
