Bithumb asks users to stop making cryptocurrency deposits owing to external audit

Bithumb, one of South Korea’s leading cryptocurrency exchange platforms, was recently under the spotlight after a hack resulted in the exchange losing a significant amount of funds. The exchange, earlier today, released a statement on its official blog, asking its customers to stop making cryptocurrency deposits.

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New Exchange Security Scoring Model Offers Insurance Rates for Coin Holders

International cybersecurity solutions provider Group-IB has come up with a scoring model to grade crypto exchanges based on their level of security. The scoring model was created by Group-IB in conjunction with Swiss-based Cryptolns (which is operated by Swiss insurance broker APIS AS), and the grading is intrinsic to CryptoIns’ new cryptocurrency exchange insurance, which will allow exchange users to cover up to 15 BTC worth of digital assets held in their exchange accounts.

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‘Asia’s Amazon’ Starts Using Bithumb’s Payment Service for Cryptocurrency Users

One of South Korea’s largest cryptocurrency exchanges, Bithumb, has begun providing a cryptocurrency payment service to a major online marketplace it refers to as “Asia’s Amazon. ” Korean users can use their cryptocurrencies held at the exchange to pay for purchases on Qoo10 using this service.

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Crypto exchange Bithumb launches payment service with e-commerce company Qoo10

On November 7, South Korea’s cryptocurrency exchange Bithumb announced it had partnered with Asian e-commerce giant Qoo10 to provide a cryptocurrency payment service. Qoo10 is a leading South Korean e-commerce company in pan-Asian markets such as Singapore, Hong Kong, China, and Indonesia.

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Bithumb Partners ‘Asian Amazon’ While Lawyers Urge Korean Govt to Establish Crypto Framework

Lawyers in the Southeast Asian country lobbied the government today to quickly establish a legal framework for investor protection. The Korean Bar Association rarely campaigns publically for specific technologies or industry groups, however members felt strongly enough to do so for the cryptocurrency ecosystem within the country.

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Crypto Demand in South Korea Surges as Bithumb Records 15 Percent of Total Volume

Over the last 48 hours, the daily trading volume of crypto exchanges in South Korea has surged substantially by a range of 10 to 15 percent. Bithumb, the largest cryptocurrency trading platform in the local market by trading volume, has seen a spike in daily trading volume of the Bitcoin-to-South Korean won pair, which has […] The post Crypto Demand in South Korea Surges as Bithumb Records 15 Percent of Total Volume appeared first on CryptoSlate.

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Korean Crypto Exchange Bithumb to Launch Security Token Platform in the U.S.

South Korean cryptocurrency exchange Bithumb is reportedly exploring the possibility of a security token exchange in the U. S. , according to people familiar with the matter. Local news agency Yonhap News was able to confirm on November 2, 2018, that Bithumb has agreed to partner with American fintech company seriesOne.

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Top 3 South Korean Crypto Exchanges Expand Overseas

Three of South Korea’s largest cryptocurrency exchanges are expanding overseas. Upbit has launched a Singaporean crypto exchange with 156 coins and 221 trading pairs. Coinone has established a crypto exchange in Malta while Bithumb is planning to launch a security token platform in the U.

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Bithumb Joins SeriesOne for a Compliant Security Token Exchange in the U.S

CoinSpeaker Bithumb Joins SeriesOne for a Compliant Security Token Exchange in the U. S The South Korean cryptocurrency giant Bithumb partnered a US-based fintech company seriesOne in a bid to launch a complaint security token exchange for American customers.

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Bithumb Set to Establish Exchange Platform for Security Tokens in the United States

Bithumb appears set to create a trading platform for security tokens in the United States. The South Korea-based cryptocurrency exchange behemoth plans to partner with a U. S. -based fintech company to establish the proposed security token exchange service.

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Bithumb and US Fintech Firm SeriesOne to Open Security Token Exchange in 2019

South Korea’s largest cryptocurrency exchange, Bithumb, has signed a deal with an American fintech company to launch a security token exchange in the US, local outlet Yonhap News reports.

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Bithumb and SeriesOne Crowdfunding Platform Partner to Start a Security Token Exchange

The popular South Korean cryptocurrency exchange Bithumb has signed a deal with a fintech company from the United States. The main intention is to open a securities token exchange un the US. The information has been released by Yonhap News on November 1.

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Bithumb Launching US Securities Exchange with SeriesOne Partnership

South Korean cryptocurrency exchange Bithumb has joined the league of exchanges diversifying their international offerings by setting up a US securities trading platform.   Preempting ‘Global’ Blockchain Asset Tokenization Through a partnership with blockchain fundraising platform SeriesOne, Bithumb seeks to speed up its growth into a “global financial firm” by cornering the securities token market, local South Korean media outlet Yonhap News Agency reported Nov 1.

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Crypto exchange Bithumb partners with seriesOne for security tokens

CryptoNinjas Korean cryptocurrency exchange Bithumb announced it has established a partnership and invested in seriesOne, a U. S. registered company to create a compliant securities token Exchange in the United.

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Funds SAFU: Changelly Recovers 1 Million XRP ($460,000) For Bithumb

Changelly Recovers Over $460,000 In XRP For Bithumb In mid-June, as reported by Ethereum World News, South Korea’s foremost cryptocurrency exchange, Bithumb, fell victim to a devastating hack, losing a reported $30 million in the breach of its hot wallets, which are actively connected to the web.

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Bithumb Will Provide 70-Percent Transaction Fee Payback to Overseas Users

As a token of appreciation for their continued support, South Korea based cryptocurrency exchange Bithumb is now offering a 70-percent transaction fee payback program for its overseas users. The exchange has decided to provide these refund benefits to users who completed transactions worth KRW 1 billion from Oct.

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PR: Bithumb to Hold Payback 70% of Transaction Fee for Overseas Users

Bithumb, a global cryptocurrency exchange holds an event to payback 70% of transaction fees for overseas users as an expression of appreciation for their support and loyalty following the last month.

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Cryptocurrency Market Update: Bithumb Listing Boosts Bitcoin Diamond

FOMO Moments Little movement in the markets; Bitcoin Diamond gets a boost, Ravencoin is dumping. As the week rolls on the movement remains minimal on crypto markets. There have been a few spurts here and there on a couple of the altcoins but in general the market is still flat and hovering around $210 billion.

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North Korean Hacking Group Lazarus Behind $571M in Hacks Since January 2017

North Korean cybercrime hacking group The Lazarus Group is currently the biggest crypto hacking syndicate in the world, having stolen millions worth of cryptocurrencies from online exchanges.

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South Korean Crypto Exchange Bithumb Launches a Decentralized Exchange

On October 15,  2018, South Korean cryptocurrency exchange Bithumb announced they are launching their first official decentralized exchange, dubbed Bithumb DEX. The Korean crypto giant Bithumb is said to leverage OneRoot R1 protocol to increase the overall efficiency of the decentralized exchange.

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Bithumb Will Start a Special Promotion for New Foreign Users

South Korea based cryptocurrency exchange Bithumb will be running a new special promotion for new foreign users between Oct. 15 and Nov. 14. The promotion will target new foreign users on the platform who sign up during the promotion period.

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BK Global’s Entry Into Bithumb Could Pave the Way for Its Singapore Expansion, Improve Security

A Singapore-based consortium has just acquired a 38-percent stake in Bithumb, one of South Korea’s largest cryptocurrency exchanges. The deal is viewed as a positive development for the exchange as it could improve its security and even speed up its entry into the Singaporean market.

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PR: Bithumb to Hold Special Promotion for New Registered Foreign Users

Bithumb to Hold ‘Special Promotion’ for New Registered Foreign Users Provide benefits for KRW 20 Million transactions with new registration during event period Bithumb, a global cryptocurrency exchange will offer a new registration event to global users who newly join and start making cryptocurrency tranactions.

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Bithumb Launches New DEX with No Transaction Fees and Airdrop Event

Bithumb, South Korea’s second largest cryptocurrency exchange officially launched its Decentralised Exchange (DEX) on October 15 and marked the occasion with two events – free transaction fee event and an Airdrop event, the details of which have been published on the company website.

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South Korea’s Bithumb Crypto Exchange Set for a Security Overhaul After 50% Acquisition

Bithumb crypto exchange has for the past few years battled security breaches and hacks resulting to millions of dollars in investor’s funds being stolen. Will the new 50% stake acquisition by BK Global Consortium solve these persistent problems and increase the users of Bithumb exchange further? Bithumb, South Korea’s largest cryptocurrency exchange, sold 50% of […]

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Bithumb Sells $350 Million Stake in Its Cryptocurrency Exchange to a Blockchain Consortium

Bithumb, one of the most important exchanges in South Korea, has sold almost 40% of its shares to a blockchain consortium, in what aims to be a strategy to regain its strength within the Asian market.

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Crypto Exchange Bithumb Sells Stake for $354 Million to Plastic Surgeon-Led Investment Group

Korean cryptocurrency exchange Bithumb, the largest in the country by daily trading volume, has sold a 38 percent stake in its business for $354 million to a Singaporean investment group, reported Reuters on October 12, 2018.

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South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium

The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb.

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Singapore-based Blockchain Consortium Buys Majority Share in Bithumb

Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet.

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Crypto Cybercrime Has Tripled Since 2017; Nearly $1 Billion Lost in 2018

Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.

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News Recap: Crypto Market Huge Decline, Bithumb Acquisition, Bitfinex Halts Fiat Deposit

One of the biggest players in the cryptocurrency exchange Bitfinex decided to halt wired deposit of US Dollar, EURO, Pound Sterling, Japanese Yen. This happened on Thursday when screenshots from customers accounts were circulated on the social media.

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Recently Hacked Bitcoin Exchange Bithumb Gets Sold for $353m

Cryptocurrency exchanges play an increasing role of importance in this growing industry. Not all exchanges have an unblemished record, as Bithumb suffered from a hack not that long ago. Despite this setback, the company is coming under new management.

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Bithumb Going for $353M to Plastic Surgeon-Led, Singapore-Based Consortium

Singapore-based BK Global Consortium is taking over Bithumb, South Korea’s largest cryptocurrency exchange, for about $353 million.

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Superstar plastic surgeon buys major South Korean cryptocurrency exchange

Just weeks before regulators decide the fate of domestic initial coin offerings (ICOs), one of South Korea’s largest cryptocurrency exchanges is changing hands. A consortium led by a superstar plastic surgeon has just bought a controlling stake in Bithumb for $353 million.

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South Korean Exchange Bithumb Sells To Singapore Investor For $353 Million

Bithumb, South Korea’s largest cryptocurrency exchange by volume, has sold to a Singapore entity with the aim of releasing new services and stablecoins.   Officials Finalize Majority Stake Deal As Korean news outlet Naver reports October 12, BK Global Consortium paid 400 million won ($353 million) for a majority stake in Bithumb, having previously held a minority position in the company.

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Largest South Korean Exchange Launches Crypto Market Indices

The largest crypto exchange in South Korea by trading volume, Bithumb, has launched two cryptocurrency market indices. One tracks all coins listed on the exchange while the other tracks only altcoins.

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Another DEX Announcement as Bithumb Makes Moves for Expansion

One of the largest cryptocurrency exchanges by volume has announced its plans to release a decentralized exchange (DEX). The South Korean exchange Bithumb hopes to have its decentralized exchange released by the end of October.

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South Korean Crypto Exchange Bithumb to Purportedly Set up Decentralized Subsidy

South Korea’s crypto exchange heavyweight Bithumb has announced that it was all set to launch a decentralized exchange in a bid to cater to its overseas expanding base in the coming few months, reported Business Korea on October 5, 2018.

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Bithumb Poised to Launch Global DEX by End-October

South Korean cryptocurrency exchange Bithumb is set to roll out its own DEX by the end of October.

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Bithumb Targets Early 2019 For Full Decentralized Exchange

Bithumb has partnered with One Root Network (RNT) and set its sights on a decentralized cryptocurrency exchange (DEX) early next year. The South Korean exchange is eyeing a full DEX platform that will be based outside South Korea.

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TEMCO Secures Investment from No. 1 Korean Venture Capital “Korean Investment Partners”

TEMCO, Korean startup preparing supply chain based on bitcoin (RSK), said it has successfully secured institutional investment from “Korea Investment Partners” (KIP), the foremost leading venture capital of Korea.

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Era Of Decentralized Exchanges: Bithumb to use OneRoot R1 protocol to build a Decentralized Exchange

One of the world’s largest cryptocurrency exchange, Bithumb, a South Korean based cryptocurrency exchange is making plans to launch a decentralized exchange platform after its prosecution for tax invasion even though it was later said to be a wrong accusation.

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PR: Bithumb to Hold Transaction Fee Payback Promotion for Overseas Users

Refund benefits for KRW 1 Billion transactions in a limited time from September 20 Bithumb, a global cryptocurrency exchange will offer overseas users an event to payback 70% of transaction fees as an expression of appreciation for their support and loyalty.

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Waves Listed on Bithumb

Bithumb, the largest South Korean cryptocurrency exchange, will list WAVES token for trading.

The post Waves Listed on Bithumb appeared first on CoinSpeaker.

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Chainlink And Waves Prosper After Bithumb Listing Announcement

Two blockchain tokens, LINK and WAVES have seen a huge boost over the last 24 hours after an announcement from Bithumb that suggests the pair will be listed on the exchange sometime during the next week.

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Bithumb Washtrading, Is It Real?

There have been growing concerns regarding the overall cryptocurrency trading volume being manipulated. Proving such bold claims is always very difficult, as there is a serious lack of transparency on behalf of exchanges.

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Trader Alleges Bithumb is Losing $150,000 USD Daily to Washtrading

A trader has posted on Twitter alleging that an actor is taking advantage of Bithumb’s 120% fee payback to milk the platform of approximately $150,000 USD each day through washtrading. Also Read: Uzbekistan Legalizes Crypto Exchanges and Trading Twitter Trader Claims Bithumb’s Promotional Fee Schedule is Getting Exploited The Twitter account of Alex Kruger, a cryptocurrency […] The post Trader Alleges Bithumb is Losing $150,000 USD Daily to Washtrading appeared first on Bitcoin News.

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Wash Trader Generates Fake Daily Volume of $250,000,000 on Bithumb

The buy-sell-rinse and repeat cycle of wash trading has bitten a prominent South Korean exchange as an economist and cryptoanalyst named Alex Kruger has discovered the daily fake volume is $250 million.

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Korea’s Major Crypto Exchange Bithumb Resumes Registration. Partners With NH Bank

Hankyung, a mainstream media outlet in South Korea, has reported that Bithumb, the country’s second largest crypto exchange, will officially resume new user registrations on September 1. Bithumb has disallowed new registrations for traders in South Korea since January of 2018, following the encouragement of the government to establish formal agreements between cryptocurrency trading platforms.

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