BITPRISMIA
XRP's spot trading volume on South Korea's Upbit exchange has surged, surpassing global exchanges like Binance, driven by high retail trading activity and local investor interest.
Bitcoin's price has surpassed 150 million won on South Korea's Upbit exchange, highlighting the cryptocurrency's strength and the Korean market's robust appetite for digital assets.
South Korea is considering granting legal status and tax incentives to crypto firms by recognizing them as 'venture companies,' aligning with President Lee Jae Myung's pro-crypto agenda.
The content appears to be a mix of cookie consent information and promotional material for a cryptocurrency called Floppapepe ($FPPE), described as an AI meme token.
Upbit's parent company, Dunamu, has filed 66 trademark applications, signaling its strategic focus on Korean won stablecoins and global fiat-crypto pairs, potentially reshaping South Korea's digital asset landscape.
Upbit has announced a temporary halt on Hippo Protocol (HP) deposits and withdrawals starting July 14, 2024, at 06:00 UTC due to a planned network upgrade for the Hippo Protocol blockchain.
Upbit and Naver have partnered to develop a Korean Won stablecoin, aiming to revolutionize digital transactions in South Korea by integrating cryptocurrency with everyday payments.
Korean companies like Upbit and Naver Pay are entering the stablecoin market, leveraging new regulatory clarity, while South Korea intensifies efforts to introduce government-backed stablecoins to compete with USD-based alternatives.
South Korean cryptocurrency exchange Upbit is collaborating with Naver Pay to develop a won (KRW) stablecoin, which could reduce the spread between exchanges and eliminate the 'kimchi premium'.
XRP has surged to become the most traded cryptocurrency on South Korea's largest exchange, Upbit, surpassing Bitcoin and Ethereum in trading volume, driven by strong demand, whale activity, and ETF speculation.