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Crypto

XRP surge may hinge on bank demand, not retail buying

XRP could be repriced by institutions\' liquidity needs rather than individual investors\' speculative demand, a claim said. XRP has fallen more than 2 percent this month and over 27 percent since the start of the year. A commentator said banks would source XRP liquidity for large payments instead of hoarding it, and that higher prices could deepen liquidity and cut slippage. The article also notes there is no guarantee such a scenario will unfold.

Finance

Toss Bank apologises for yen exchange rate system error, offers 10,000 won compensation for abnormal trades

Toss Bank apologised on March 16 for confusion and inconvenience caused by an error in its Japanese yen exchange rate notice system between 7:29 p.m. and 7:36 p.m. on March 10. The bank said an internal system that calculates posted rates based on exchange rate data received from an external institution did not operate normally during that time. It said it is checking the cause, strengthening verification and monitoring, and improving systems. It will pay 10,000 won for abnormal trades and provide vouchers if needed.

Finance

Toss Bank to cancel or correct yen exchange deals after half-price rate error

Toss Bank apologised to customers after mistakenly posting the Japanese yen exchange rate at about half the normal level. The bank said the error occurred from 7:29 p.m. on March 10 and lasted about 7 minutes during inspection and improvement work aimed at stabilising its foreign exchange system. It said it detected the issue through its abnormal-rate alert system, restored normal postings within about 7 minutes, and will correct or cancel yen exchange deals made during the period.