OKX Ventures has agreed to acquire a 19.6% stake in South Korean cryptocurrency exchange Coinone through an 80 billion won ($53 million) investment, expanding the global exchange group’s presence in one of Asia’s largest digital asset markets. According to a…
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.
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 […]
Hong Kong's gold-clearing system could reshape global bullion trading, enhancing regional financial integration and boosting digital asset credibility.
The post Hong Kong launches gold-clearing system to become Asia’s top bullion hub appeared first on Crypto Briefing.
Bitget has unveiled Reality, a regulated platform for issuing tokenized real-world assets tied to traditional securities. The company aims to bridge traditional and decentralized finance ( DeFi) markets by offering fully collateralized, onchain versions of stocks with institutional-grade infrastructure. Reality by Bitget Connects DeFi Markets to Tokenized Nasdaq-listed Stocks Crypto exchange Bitget has launched Reality, […]
Binance is entering a Philippine SEC sandbox to test digital-asset services under local oversight. The supervised model pairs domestic compliance approval with Binance’s technology, security, operations, and regulatory experience. Binance Builds Philippine Sandbox Route With Blockshoals Crypto exchange Binance announced on May 26 that it is partnering with Blockshoals Technologies Inc. under the Philippine Securities […]
