On June 20, Bithumb, South Korea’s biggest cryptocurrency exchange, retracted its announcement that $30 million was hacked from its exchange, leading investors to panic. Today, on June 21, Bithumb confirmed that $30 million was stolen and the amount co…
Yesterday, on June 20, more than $10 billion was erased from the cryptocurrency market after Bithumb, South Korea’s biggest cryptocurrency exchange was hacked. Today, the cryptocurrency market added $8 billion to its valuation following Bitcoin’s…
South Korea’s biggest cryptocurrency exchange Bithumb, which has been the most trusted digital asset trading platform within the country alongside UPbit, Coinone, and Korbit over the past few years, has been hacked for the third time in 12 months. Hack…
The government of South Korea has already announced that it will regulate cryptocurrency exchanges like banks, with stricter regulations. The recent Bithumb hack will fasten the process of implementing the country’s first cryptocurrency regulatory fram…
South Korea’s biggest cryptocurrency exchange Bithumb experienced a hacking attack that led to a $30 million loss on June 20, leading the cryptocurrency market to drop by $6 billion within hours. Major cryptocurrencies such as Bitcoin, Ethereum, Ripple…
South Korean cryptocurrency exchange Bithumb has suspended deposits and withdrawals after losing $30 million worth of cryptocurrencies as the result of an apparent hack. The Seoul-based company, once the world’s largest cryptocurrency exchange, on Wedn…
Authorities have admitted that the South Korean government had postponed the regulation of the cryptocurrency sector because it feared consumers will acknowledge it as the government legitimizing the cryptocurrency market. Government is Aware Regulatio…
Earlier this month, Binance, one of the most widely utilized multi-billion dollar cryptocurrency trading platforms alongside the likes of Coinbase and Bitfinex, has established a bank account in Malta. Malta’s Pro-Blockchain Legislation As a part…
Bithumb, South Korea’s biggest cryptocurrency exchange, has been cleared by local financial authorities and the National Tax Service (NTS). While the company was ordered to pay $28 million in taxes, the government found no evidence of illicit activitie…
The cryptocurrency sector has produced many multi-billion dollar companies over the past nine years. Most notably, Coinbase, Binance, Bitmain, Bitfinex, UPbit, Bithumb, and Canaan have evolved into billion dollar juggernauts, competing against major co…
Citing money laundering concerns, South Korean cryptocurrency exchange Bithumb has banned trading in 11 countries including North Korea, Iran, Iraq. In an announcement on Monday, the exchange said it will comply with global anti-money laundering norms …
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…
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 gl…
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 f…
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 evalua…
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….
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 …
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-…
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 …
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…