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  Upbit: The Cryptocurrency Sector Will Continue to Grow After the U.S. Elections The reason for this is that cryptocurrency has emerged as a key factor in election funding, leading to expectations that more favorable policies will be established, according to a report released by Upbit's Investor Protection Center on September 20. Upbit, South Korea's largest cryptocurrency exchange operated by Dunamu, highlighted the positions and commitments related to cryptocurrency of each presidential candidate. The report predicts that, regardless of the winner, the industry's growth trajectory will remain consistent, though the pace may vary. The report states: "If Democratic presidential candidate, Vice President Kamala Harris, who is expected to continue President Joe Biden's policy direction, wins, the cryptocurrency industry is expected to experience gradual growth within a legal framework. On the other hand, if Republican presidential candidate, former President Donald...
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  Drift Protocol (DRFIT) Price Soars Nearly 100% Following Upbit Listing Announcement South Korean exchange Upbit has announced the listing of the DRFIT token from Drift Protocol, the largest derivatives and betting platform on the Solana blockchain. Less than an hour after the announcement, the price of DRFIT surged by nearly 100%. Drift Protocol (DRFIT) Price Rises Nearly 100% Following Upbit Listing Announcement In previous years, we had the "Binance listing effect," but this year it seems to have shifted to the "Upbit listing effect." On the afternoon of November 8, 2024 (Vietnam time), Upbit, South Korea's largest exchange, announced the listing of the DRFIT token from Drift Protocol. Less than an hour later, DRFIT's price surged by nearly 100%, with the token trading around $0.93. 1-hour chart of the DRIFT/USDT pair on TradingView at 02:10 PM on November 8, 2024 Drift Protocol is the largest derivatives trading platform within the Solana ecosystem. The...
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  Upbit Exchange Announces New Altcoin Listing, Price Soars Immediately Upbit Exchange has announced the listing of Stargate Finance (STG) on its platform, and following the announcement, the altcoin surged by more than 70%. South Korea's largest exchange started the day with news regarding the new altcoin. Upbit confirmed that it would be listing Stargate Finance (STG) on its platform. In a post on the social media platform X, the exchange stated: "On May 30, 2024, STG will be added to the KRW market on Upbit. The listing of STG is scheduled for May 30 at 16:45, with a KRW trading pair on the Ethereum network. Please ensure you check the network before sending digital assets. Deposits and withdrawals through networks other than the specified ones will not be supported." Notably, following the listing announcement, the price of STG surged by over 70%, reaching a high of $0.8711 about an hour ago, before slightly dropping to $0.8428 at the time of writing. Stargate Finance...
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  Upbit Announces Bitcoin Gold (BTG) Delisting Starting January 2025 The leading cryptocurrency exchange in South Korea, Upbit, has announced that it will cease supporting Bitcoin Gold (BTG) trading on its platform, with the decision taking effect at 12:30 PM Vietnam time on January 23, 2025. According to Upbit's announcement, this decision follows a comprehensive evaluation of Bitcoin Gold's transparency, operational viability, and long-term sustainability. The exchange had previously classified BTG as a "Watch Asset" starting December 10, 2024, due to identified issues related to transparency and project management. After further review, Upbit concluded that these issues had not been adequately resolved, leading to the decision to discontinue BTG trading support. Key dates to note: Trading Suspension : 12:30 PM on January 23, 2025 (Vietnam time). Withdrawal Period : Investors will still be able to withdraw BTG from their wallets until 10:30 AM Vietnam time on Februa...
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