Bitcoin, Ethereum Prices Drop 3% in Sluggish Crypto Market: Factors and Trends

Over the past 24 hours, the valuation of the cryptocurrency market has dropped from $390 to $373 billion, by more than $17 billion. The bitcoin price dipped below $8,300 and the value of Ether, the native cryptocurrency of the Ethereum network, dropped to $690. Main Factors Behind the Cryptocurrency Market Slump The recent correction of

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Pump and a Ponzi? Bithumb Criticized For Prematurely Listing a Cryptocurrency Created by its Developers

Earlier this week, Bithumb, South Korea’s second-biggest cryptocurrency exchange – behind UPbit – that is known for its rigorous verification process for new cryptocurrencies, announced the airdrop of Popchain, a cryptocurrency which the global community has not heard about previously. Two Weeks Into Development Hankyung, one of the leading mainstream media outlets in South Korea,

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Cryptocurrency Exchanges Pivot to Decentralization to Avoid Overseeing User Funds

Earlier this week, Bloomberg columnists and editors Benjamin Robertson, Matthew Leising, and Andrea Tan spoke with various experts from decentralized exchange projects, research firms, and cryptocurrency exchanges to explore the motivation behind the focus of blockchain projects on decentralized exchanges. The Necessity of Decentralized Exchanges Any platform or application online is hackable, especially if poor

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Korea’s Financial Watchdog to Join Crypto Exchange UPbit Investigation

The Financial Supervisory Service (FSS) of South Korea has joined the investigation into the country’s largest cryptocurrency exchange UPbit. FSS will assist the Korean Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) in evaluating the balance sheet of UPbit and existing regulations on cryptocurrency exchanges. Liquidity Issue Earlier this week, CNBC’s Ran Neuner reported

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South Korea Has No Choice but to Legalize ICOs, and It May Happen Soon

The South Korean government has no other choice but to legalize initial coin offerings (ICO) and representative Hong Eui-rak of the ruling Democratic Party of Korea has obtained the support of 10 lawmakers to challenge the current ban on domestic ICOs. Multi-Billion Dollar Opportunities The economy of South Korea has only recently started to improve

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Major Cryptocurrencies Record Strong Gains, Ethereum Price up 7%, Bitcoin at $9,300

The cryptocurrency market has recorded strong gains once again over the past 24 hours, as the valuation of the market broke the $440 billion, moving one step closer to the $0.5 trillion region. Bitcoin, Ethereum, Cardano, Bitcoin Cash, and other major cryptocurrencies demonstrated large short-term gains. Ethereum Leads Market The price of Ether, the native

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Kyber Network and OmiseGo Surge 70% With Bithumb Integration as Bitcoin Dips Below $9,000

Kyber Network (KNC) and OmiseGo (OMG) have surged by more than 73 percent and 32.5 percent respectively upon the announcement of South Korea’s biggest cryptocurrency exchange Bithumb’s integration. Bithumb Jackpot Earlier this year, Storm, an Ethereum-based ERC20 token project that incentivizes users for completing microtasks such as viewing advertisements on mobile phones or carrying out

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South Korea’s Biggest Cryptocurrency Exchange to Conduct ICO in Switzerland

Earlier this week, mainstream media outlet News1 reported that Bithumb, South Korea’s biggest cryptocurrency exchange, is conducting an initial coin offering (ICO) later this year to launch its own cryptocurrency Bithumb Coin. Bithumb Coin Some of the largest cryptocurrency trading platforms valued at billions of dollars such as Binance, Kucoin, and Huobi have already released

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Bitcoin Price Moves Closer to $7,000 as Cryptocurrency Market Posts Small Gain

The bitcoin price has been relatively stable over the past 48 hours, in the $6,800 region. After a minor drop from $7,100 to $6,700, the bitcoin price has been able to sustain its resistance level, rebounding from its decline. Bitcoin to $7,000 At this juncture, a potential move to the $7,000 region for bitcoin is

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South Korea’s Biggest Cryptocurrency Exchange Posts 171x Revenue Spike in 2017

Bithumb, South Korea’s largest cryptocurrency-to-fiat exchange, has increased its revenue 171-fold in 2017. Exponential Growth BTCKorea, the parent company of Bithumb, is a public company that is being traded on South Korea’s stock exchange KRX. It is required to publicly release its earnings and given that its only subsidiary company is Bithumb, the revenue and

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