Tag: Upbit

Part of the Funds Stolen Through the Upbit Hack has Moved to Binance

In the cryptocurrency world, several exchanges have lost money for a wide variety of reasons. Upbit lost 342,000 Ether in 2019, yet it seems some of the funds may be cashed out fairly soon. It is not uncommon for crypto exchanges to be hacked or drained. Upbit Funds Moves to Binance Although one would expect things to be different after 10 years, that is far from the case. Upbit lost …
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Upbit Loses Over $50m in Ether Following Platform Hack

It has been once again a very remarkable day in the cryptocurrency industry. South Korean exchange Upbit has seemingly misplaced a lot of funds due to a hacker. The news originally started out as a rumor, but was eventually confirmed by the company. Upbit Gets Hacked and Loses Ether In the announcement, Upbit mentions 342,000 Ether have been stolen from the company. All of these funds are transferred to an …
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Upbit Confirms its Partnership With Bittrex Will end Next Month

Partnerships are crucial to the survival of every service provider in the cryptocurrency space. New alliances are forged every so often in an effort to strengthen individual positions accordingly. However, not every partnership is meant to last, as this industry undergoes changes virtually every other week. The relationship between Bittrex and Upbit has now officially come to an end. This is part of the South Korean firm’s effort to restructure …
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Bitcoin Price Watch: Currency Spikes to $8,800

At press time, bitcoin is trading for roughly $8,800. This is a $200 jump from where it stood just 24 hours ago, and investors are receiving a glimmer of hope for the future. The price bump suggests that bitcoin’s power is continuing to grow stronger, and despite a few ups and downs this week, the currency is finding it relatively easy to recover from negative hype. Granted bitcoin can keep …
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