The recent hack of leading crypto exchange Bithumb “doesn’t really change the fundamentals of Bitcoin” Litecoin (LTC) founder Charlie Lee stated in an interview with CNBC June 20.
According to Lee, the price drop is a typical reaction of the market to the news about the hack, and “it happens all the time,” because people get scared.
So, this one could be a three to four year market or it could recover tomorrow.” On June 19, South Korea’s leading crypto exchange Bithumb was hacked, leading to the loss of $30 million worth of cryptocurrency.
The exchange had to temporarily suspend all deposits and payments.
According to Coinmarketcap, Bithumb’s 24-hour trade volume has dropped to around $236 million from $374 million reported June 19, moving the exchange from the sixth to the seventh largest crypto exchange by trade volume.
NXPC, the native token of Nexpace, the blockchain arm of South Korean video game developer Nexon, is set to be listed on Binance Alpha and other tier-1 exchanges. In a May 14 announcement, Binance said that NXPC will be available…
PENGU continued its rally for the second day, after securing a listing on South Korean crypto exchange Upbit. According to data from crypto.news, Pudgy Penguins (PENGU) over 23% to hit an intraday high of $0.015 on May 9, marking a…
South Korean politician Lee Jae-myung has vowed to approve spot cryptocurrency exchange-traded funds and create a safer investment environment for young investors if elected president. Lee, who is the Democratic Party’s presidential candidate, has rolled out a set of crypto-friendly…
With an estimated 16 million cryptocurrency investors representing 36% of South Korea’s voting population, presidential candidates are aggressively courting the crypto community ahead of the June 3 election.
South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s…
A South Korean lawmaker accused Bithumb of using dark patterns to charge users higher fees than advertised. Cryptocurrency exchange Bithumb earned more than 140 billion won (nearly $97.6 million) in extra fees by using unclear processes that misled users, The…
Bithumb has issued a security warning to its Korean users following a significant data leak at SK Telecom, South Korea’s largest mobile carrier. South Korea‘s cryptocurrency exchange Bithumb has alerted its customers after a data breach at SK Telecom, the…
