The post South Korea’s DAXA Cracks Down on Crypto API Abuse appeared on BitcoinEthereumNews.com.
DAXA mandates Upbit, Bithumb, Coinone, Korbit, and Gopax to invalidate suspicious shared API keys. Automated trading accounts for 30% of Korean crypto volume, making API governance a systemic issue. Exchanges must now monitor, warn, re-verify, and force-expire API keys based on risk level detected. South Korea’s Digital Asset Exchange Alliance (DAXA) has established mandatory compliance standards requiring the country’s major cryptocurrency exchanges to detect and invalidate API keys suspected of being improperly shared or lent between users. The policy, announced May 28, targets a specific exploitation method that has been used to facilitate price manipulation and unfair trading practices across Korean crypto markets. DAXA member exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, are all subject to the new standards. Why This Matters API keys are access credentials that allow
OKX Ventures and KIS to invest $53 million each for a 19.6% stake in Coinone, deepening ties between traditional finance and crypto in South Korea’s tightly regulated market.
South Korea’s DAXA rolls out new API key rules targeting price manipulation and unfair crypto trading across major exchanges. South Korea is tightening its grip on crypto trading. The Digital Asset Exchange Alliance (DAXA) rolled out a new compliance standard on May 28. The policy targets the improper lending of API keys across member exchanges. […]
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Three Samsung affiliates have agreed to jointly acquire a 4% stake in Dunamu, the company behind South Korea’s largest cryptocurrency exchange, Upbit, for approximately 612.8 billion won ($408 million). Samsung Units to Acquire 4% Stake in Upbit Operator Dunamu Samsung Securities, Samsung SDS, and Samsung Card announced the deal on May 28, 2026, according to […]
The post Samsung Securities Acquires 2% Stake in Upbit Parent Dunamu appeared on BitcoinEthereumNews.com.
Key Highlights Samsung Securities will invest nearly $204 million to acquire a 2% stake in Upbit parent company Dunamu. Upbit currently controls over 80% of South Korea’s crypto exchange market and reportedly serves more than 10 million users. The deal comes as South Korea expands crypto regulation and opens the door for greater institutional participation in digital assets. Upbit:- In a major crypto acquisition update, Samsung Securities has announced plans to acquire a 2% stake in Dunamu. Dunamu is the parent company of South Korea’s largest cryptocurrency exchange Upbit. According to local reports and company disclosures, Samsung Securities approved the investment through a board resolution. It will invest approximately 306.3 billion won (around $204 million) to purchase nearly 697,000 shares in Dunamu. The transaction values Dunamu at approximately 15.3 trillion won, or roughly
Three Samsung affiliates — Samsung Securities, Samsung SDS, and Samsung Card — announced on May 28 the combined acquisition of a 4% stake in Dunamu, the operator of South Korea’s dominant crypto exchange Upbit, for approximately 612.8 billion won or $408 million — the latest in a growing wave of South Korean financial institutions racing to secure strategic positions inside the country’s most valuable digital asset company. Related Reading: Worldcoin’s FOMO Rally Cracks After On-Chain Activity Explodes The shares will be purchased from a group of Kakao-affiliated funds including Kakao Investment and Kakao Ventures, at a per-share price of approximately 439,250 won — a valuation implying Dunamu’s total corporate worth at approximately 15.3 trillion won, or roughly $11.1 billion, per Wu Blockchain and Korea Times. Samsung Securities will acquire a 2% stake, while Samsung SDS and Samsung Card will each take 1%, with the transaction scheduled to close June 19, per Korea Times. Three Affili
South Korea's export growth highlights the pivotal role of semiconductors in global trade, signaling robust AI infrastructure investment trends.
The post South Korea exports set to rise for 12th straight month as chip boom reshapes global trade appeared first on Crypto Briefing.
Nvidia's strategic focus on South Korea strengthens its semiconductor supply chain, enhancing AI capabilities and ensuring stable growth.
The post Nvidia CEO Jensen Huang to visit South Korea next week appeared first on Crypto Briefing.
