BITPRISMIA
Upbit Singapore has announced the listing of Kaia (KAIA) with a direct trading pair against the Singapore dollar (SGD), marking a significant development for the Kaia project and the regional cryptocurrency market.
Upbit will temporarily suspend deposits and withdrawals for several tokens due to scheduled KAIA network maintenance starting August 18 at 14:00 UTC, aiming to ensure platform security and stability.
The Kaia CL Protocol, integrated into the BORA ecosystem by Metabora Games, enhances blockchain gaming by improving staking and liquidity provision, offering more dynamic asset utilization.
Kaia, a layer-1 public blockchain, has filed trademark applications for South Korean won-pegged stablecoins, signaling its intent to enter the South Korean stablecoin market and potentially transform digital finance in the region.
The Finschia chain will be shut down on September 30, 2024, requiring FNSA token holders to swap their tokens to KAIA before the deadline to avoid losing them permanently.
GroundX, Kakao's blockchain subsidiary, has stepped down from the Kaia Governance Council, marking a significant shift in South Korea's blockchain landscape and raising questions about Kaia's future governance and Kakao's blockchain strategy.