South Korea: Dangerous Precedent Set – Court Finds Bithumb Not Financially Responsible for Crypto Exchange Hack

A South Korean court has acquitted Bithumb from all wrongdoings after the company was accused by one of its clients in a hacking incident that saw the customer lose thousands of dollars, according to a report filed earlier this week, in the Korea Economic Daily. The customer who brought the lawsuit against the exchange was

The post South Korea: Dangerous Precedent Set – Court Finds Bithumb Not Financially Responsible for Crypto Exchange Hack appeared first on CCN

Bitcoin Exchange Bithumb: Researchers Uncover Likely Fake Volume

Korean exchange Bithumb reported volumes more than 10x its summertime averages in early November. CryptoExchangeRanks.com, a research firm linked with Hacken, decided to vet the data. They made the report available to CCN and it’s at the bottom of this article. Interesting patterns were uncovered when Bithumb’s trading patterns were put under a microscope. The

The post Bitcoin Exchange Bithumb: Researchers Uncover Likely Fake Volume appeared first on CCN

Upbit CEO: Crypto Regulation is Necessary, But is Korea on Right Track?

On December 10, Lee Seok-wu, the CEO of Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, said that regulation is important to establish industry standards. During a meeting with several members of the Congress and the Financial Services Commission (FSC) hosted by Upbit, Bithumb, Gopax, Korbit, and Coinone, five of the biggest

The post Upbit CEO: Crypto Regulation is Necessary, But is Korea on Right Track? appeared first on CCN

Why South Korea Will Play a Major Role in Cryptocurrency Adoption

As a high-tech hub known for its consumer electronics, tech giants, esports, and global innovation, perhaps it’s not surprising that a report by Cindicator revealed that South Korea will play a major role in cryptocurrency adoption. By reviewing existing data on exchange volumes, recent economic history, regulation, and trends, the tokenized fintech asset management company

The post Why South Korea Will Play a Major Role in Cryptocurrency Adoption appeared first on CCN

Crypto Exchange Bithumb May Have [Temporarily] Propped up Bitcoin Price: Analysts

The bitcoin price touched a fresh yearly low this morning, leaving traders and investors scrambling for answers as the crypto market searches for a bottom. While there are numerous pressures that have weighed on bitcoin as it has taken step after step away from last year’s all-time high, research from CryptoCompare suggests that South Korean

The post Crypto Exchange Bithumb May Have [Temporarily] Propped up Bitcoin Price: Analysts appeared first on CCN

Korean Crypto Giant Bithumb Makes U.S. Foray with Security Token Exchange Deal

Cryptocurrency exchanges continue to demonstrate resilience despite this year’s downturn in trading volume and prices. Most recently, Bithumb, which is South Korea’s biggest cryptocurrency exchange, is making an expansion push, having partnered with seriesOne, a Miami, Florida-based crypto and ICO fundraising portal, to launch an exchange for regulated security tokens in the U.S. The companies

The post Korean Crypto Giant Bithumb Makes U.S. Foray with Security Token Exchange Deal appeared first on CCN

Bitfinex Struggles with Banks, Why Are Other Major Bitcoin Exchanges Just Fine?

On October 6, major bitcoin exchange Bitfinex obtained banking services from HSBC with a private account held by a Hong Kong corporation. Less than two weeks after establishing HSBC as its primary bank to handle deposits and withdrawals, Bitfinex has moved to Bank of Communications, the fifth-largest bank in mainland China and Hong Kong, according

The post Bitfinex Struggles with Banks, Why Are Other Major Bitcoin Exchanges Just Fine? appeared first on CCN

Why Investors are Highly Optimistic in Acquisition of Korea’s Largest Crypto Exchange

bithumbOn October 12, CCN reported that BK Global Consortium, the parent company of Singapore-based BK Medical Group, has acquired a 50 percent stake in Bithumb, South Korea’s largest crypto exchange. Kim Byung-gun, a prominent plastic surgeon and blockchain investor, finalized the deal between BK Global Consortium and Bithumb, officially acquiring the leading cryptocurrency trading platform

The post Why Investors are Highly Optimistic in Acquisition of Korea’s Largest Crypto Exchange appeared first on CCN

$350 Million: Singapore Consortium Gains Majority Stake in Korea’s Biggest Bitcoin Exchange

BithumbSouth Korea’s largest cryptocurrency exchange by trading volume, Bithumb, has seen a  Singapore-based blockchain consortium become its majority owner in a $350 million deal. BTC Holdings Company, which was Bithumb’s biggest stakeholder until Thursday with a 75.99% stake finalized an agreement to sell 50 percent plus one stake for 400 billion won (approx. $352 million)

The post $350 Million: Singapore Consortium Gains Majority Stake in Korea’s Biggest Bitcoin Exchange appeared first on CCN

Korean Crypto Giant Bithumb is Launching a Decentralized Exchange

Perhaps inspired by the world’s largest cryptocurrency exchange Binance to launch a decentralized exchange (DEX) by 2019, Bithumb, a major digital asset trading platform in South Korea, has announced its plans to operate a DEX in the months to come. Bithumb DEX, which is expected to target the global cryptocurrency market, will be launched under

The post Korean Crypto Giant Bithumb is Launching a Decentralized Exchange appeared first on CCN