Upbit Holds Completion Ceremony for Fourth Cohort of University Student Supporters

Dunamu, the operator of the virtual asset exchange Upbit, announced on April 2 that it held a completion ceremony for the fourth cohort of "UpTo," Upbit's university student supporter team, at Spigen Hall in Gangnam, Seoul. This fourth UpTo cohort consisted of a total of 36 university students. Over approximately three months, they served as ambassadors to build trust in the virtual asset market. Notably, this cohort focused more on team projects rather than on individual achievements.During the program, the supporters completed two individual online missions and nine team online missions, as well as an offline "Campus Attack" mission that helped them develop practical skills. For the online missions, they created content to promote Upbit's investor protection activities and introduce various virtual asset concepts, including Bitcoin, Ethereum, and stablecoins. For the offline "Campus Attack" mission, each team visited universities, planned, and operated Upbit promotional booths. Award

Crypto

04.03 09:30

Google Warns: "Bitcoin Hacking Possible in 9 Minutes"... Risks of Quantum Computer Exploitation

Google has officially raised the possibility of cryptocurrency hacking using quantum computers, placing the security systems of digital assets, including Bitcoin, under fundamental threat. The market is growing increasingly tense, as Google has presented not only a theoretical warning but also specific hacking scenarios and probabilities of success. Google: "Hacking Could Become a Reality Within 3 Years"On March 31 (local time), Google Quantum AI researchers announced in a newly released white paper that the computational power needed to break the cryptographic systems of Bitcoin and Ethereum could be significantly lower than previously anticipated. The key factor is the 'qubit.' While the industry had assumed that millions of qubits would be required for such hacking, this research suggests that attacks could be conducted with around 500,000 qubits. Google specifically highlighted the possibility that real threats could emerge as early as within three years, emphasizing the urgent ne

Crypto

04.02 14:27

Upbit Partners with Indonesian Crypto Exchange for Technology Collaboration

Dunamu, which operates the virtual asset exchange Upbit, announced on April 1 that it attended the "Korea-Indonesia Business Forum" held at the Shilla Hotel in Jangchung-dong, Seoul, and signed a memorandum of understanding (MOU) for a technology partnership with Indonesia Crypto Exchange (ICEx), a digital asset exchange in Indonesia. The ICEx Group operates under a license from Indonesia's Financial Services Authority (OJK) that covers virtual asset exchange, clearing, and custody functions. Eleven local exchanges, including Upbit Indonesia, have participated as founding shareholders, and major Indonesian conglomerates as well as global exchanges are also participating as strategic investors. With this partnership, both sides plan to apply Upbit's operational expertise to the Indonesian market. They will explore a range of collaboration opportunities, including regulatory compliance systems.Adi Budiarso, the new Head of Digital Financial Innovation and Digital Asset Supervision at Ind

Crypto

04.02 09:53

[Issue Interview] "Invisible Innovation... Stablecoins Transform Payments from Behind the Scenes"

"The essence of stablecoins lies in 'payment costs.' Even if there appears to be little change on the surface, if the invisible backend costs are reduced, that is true innovation." In an interview with The Asia Business Daily on March 31, Hong Kihoon, Director of the Toss Insight Research Institute, emphasized the core value of stablecoins, saying, "It is still uncertain what form stablecoins will ultimately take, but as soon as they pass the 'critical point,' their adoption will spread rapidly." Toss Insight is a financial management research institute established by Toss (Viva Republica) to analyze financial policies and industry trends, focusing on fintech (finance + technology). Last year, Toss appointed Hong as the institute's inaugural director. He is a finance expert with a Ph.D. in economics from the University of Cambridge in the UK and currently serves as an associate professor in the Business Administration Department at Hongik University. Hong defined stablecoins not as sim

Crypto

04.02 06:10

South Korea and Hong Kong Launch Asia Web3 Policy Council

South Korea and Hong Kong have jointly established a policy council focused on digital assets. In the future, the council plans to discuss topics such as interconnecting infrastructure between the two regions. According to the virtual asset industry on April 1, the Asia Web3 Policy Council held its online kickoff event on March 23. The council will discuss topics including digital asset regulation, stablecoins, artificial intelligence (AI), and the interconnection of blockchain infrastructure. Assemblyman Min Byungduck of the Democratic Party of Korea, Au Gorjong, Hong Kong Legislative Council member, and Yoon Seokheon, Chairman of the Asia Economic Development Committee and HYPAI Labs, will jointly lead the council as co-chairs. Park Choonghyun, CEO of Bitrise Capital Korea, and Casper Wong, CEO of Web3Labs, will serve as secretaries-general. The event was also attended by Justin Sun, founder of TRON, and Lee Jaewon, CEO of Bithumb. This council aims to institutionalize policy dialogu

Crypto

04.01 10:35

"Investor Sentiment Hit by War Fears"... Bitcoin Hits Lowest Level in 20 Days

As tensions in the Middle East intensify and instability rocks the financial markets, the cryptocurrency market is experiencing a broad decline. Bitcoin, in particular, has fallen below the $66,000 mark, clearly exhibiting a bearish trend. According to CoinMarketCap, a global market tracking site, Bitcoin at one point on March 28 fell to the low $65,000 range, marking its lowest level in about 20 days. Over a 24-hour period, the decline was around 4%, a sharp drop compared to the previous day, when it had maintained the $70,000 level. Major altcoins also declined alongside Bitcoin. Ethereum dropped below $2,000, while other top market cap coins, such as Ripple and Binance Coin, recorded declines in the 2% to 4% range. In some trading intervals, large-scale liquidation of long (buy) positions further heightened market volatility. The primary factor behind the market plunge is the so-called "Middle East risk." As military tensions between the United States and Iran escalate, fears of a

Crypto

03.28 11:02

"Double by Year-End, Don't Sell Now"...Wall Street Giants Issue Bold Bitcoin Forecast

Wall Street analysts have concluded that Bitcoin, the leading global cryptocurrency, has completed a prolonged correction phase and established a solid bottom. They assess that as the market shifts away from volatile retail-driven trading towards a structure dominated by institutional capital, the potential for medium- to long-term gains has increased. No Panic Selling Even in a Bear Market: "Bottom Signal"As of 1:30 p.m. on March 25, according to CoinMarketCap, a global cryptocurrency market tracker, Bitcoin is trading around USD 70,700. On Upbit, a major Korean exchange, it is trading at approximately KRW 105.5 million. This represents a decline of more than 40% from its all-time high of around USD 126,000 recorded in October last year, but the market is instead seeing this as evidence of downside rigidity. In a recent report, Wall Street investment bank Bernstein stated, "The current price range is clearly forming a bottom," and emphasized, "The key point is that the sharp panic se

Crypto

03.25 14:25

Bithumb Challenges FIU's Partial Business Suspension with Administrative Lawsuit

Bithumb, a virtual asset exchange, has filed an administrative lawsuit challenging the partial business suspension sanctions imposed by the Financial Intelligence Unit (FIU). The company also requested a stay of execution to suspend the effect of the sanctions in court. On March 24, Bithumb announced that it had filed a lawsuit the previous day to overturn the six-month partial business suspension and the fine imposed by the FIU. If the stay of execution is granted, the sanctions scheduled to take effect on March 27 will be suspended until a final court ruling is made. Previously, on March 16, the FIU imposed a six-month partial business suspension and a fine of 36.8 billion won on Bithumb. The sanctions were based on a total of 6.65 million violations, including breaches of the obligation to prohibit transactions with unregistered virtual asset service providers under the Act on Reporting and Use of Certain Financial Transaction Information, as well as breaches of customer due diligen

Crypto

03.24 17:53

Coinone Meets with Circle Executive... Expanding USDC Support

Upbit Holds Completion Ceremony for Fourth Cohort of University Student Supporters

Google Warns: "Bitcoin Hacking Possible in 9 Minutes"... Risks of Quantum Computer Exploitation

Upbit Partners with Indonesian Crypto Exchange for Technology Collaboration

[Issue Interview] "Invisible Innovation... Stablecoins Transform Payments from Behind the Scenes"

South Korea and Hong Kong Launch Asia Web3 Policy Council

"Investor Sentiment Hit by War Fears"... Bitcoin Hits Lowest Level in 20 Days

"Double by Year-End, Don't Sell Now"...Wall Street Giants Issue Bold Bitcoin Forecast

Bithumb Challenges FIU's Partial Business Suspension with Administrative Lawsuit

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