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This Korean Exchange Behemoth Has $180M Net Loss In 2018 Alone
Bithumb, one of South Korea’s largest cryptocurrency exchanges, posted a 205.5 billion won ($180 million) net loss in 2018,… The post This Korean Exchange Behemoth Has $180M Net Loss In 2018 Alone appeared first on Invest In Blockchain. дальше »
2019-4-16 07:05 | |
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South Korea Crypto-Exchange Bithumb Reports $180 Million 2018 Losses
South Korea-based cryptocurrency exchange Bithumb suffered a mammoth loss of $180 million (205 billion Korean won) in 2018, reports The Korea Times, April 10, 2019. A Series of Unfortunate Events Although the current sentiment in the crypto market has a slightly positive shade to it, things were not so hunky-dory in 2018 and, the financial results reportedRead MoreRead More. дальше »
2019-4-12 13:00 | |
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Bithumb registers net loss of $180 million following Bitcoin’s price drop
Bithumb, one of South Korea’s largest cryptocurrency exchange platforms, reportedly turned in a net loss of 205 billion Korean Won, approximately worth $108 million in 2018, according to KoreaTimes. дальше »
2019-4-11 23:30 | |
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Bitcoin Exchange Bithumb’s Problems Pile Up with $180 Million Loss in 2018
Bithumb, which was hacked last month and later asked users to be careful about deposits, has reported a $180 million (205 billion Korean won) loss. The exchange suffers from reduced actual volume and a bear market in cryptocurrencies, according to the Korea Times. дальше »
2019-4-11 14:07 | |
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Moonday Mornings: Bithumb hacked for $19M, SEC delays Bitcoin ETF decision again, and more
It’s another week which means it’s time for another wrap up of the weekend’s blockchain and cryptocurrency news. Let’s get to it. 1. South Korean cryptocurrency exchange Bithumb has been hacked for the third time in two years, reports ZDNet. дальше »
2019-4-1 10:51 | |
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South Korea: Bithumb Exchange Hacked; EOS and XRP Worth Millions Stolen
South Korean cryptocurrency exchange Bithumb on March 30, 2019, announced that it recently observed “abnormal withdrawal” of crypto holdings from the company’s hot wallet, an incident its employees orchestrated the firm suspects. дальше »
2019-4-1 09:00 | |
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Down the Bitcoin March Memory Lane when BTC Surpassed $1 Billion in Market Cap for the First Time
In the present time, this week we saw popular South Korean exchange Bithumb being hacked that lost millions of EOS in a suspected insider job. A little known Singaporean cryptocurrency exchange DragonEx was also hacked for cryptocurrencies including Bitcoin, Ethereum, Litecoin and number of other tokens. Another case has been of CoinBene that involved a […] дальше »
2019-4-1 23:12 | |
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Massive Bitcoin Exchange Hack Exposes Bithumb’s Arrogant Disregard of Security
In another blow to the crypto industry’s reputation, South Korean bitcoin exchange Bithumb was hacked again on Saturday morning. The hack marks the second time the exchange has been successfully penetrated in less than a year. дальше »
2019-3-31 20:30 | |
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Millions of EOS & XRP at Stake as Bithumb gets Hacked the Second Time, Crypto Market Cap Loses $7 Billion
One of the biggest South Korean cryptocurrency exchanges, Bithumb was hacked last night for reportedly $30 million worth of cryptocurrency that involves three million EOS ($13 million) and up to 20 million XRP ($6 million). дальше »
2019-3-30 19:11 | |
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Crypto Exchange Bithumb Hacked for $19M EOS By the Insider
Coinspeaker Crypto Exchange Bithumb Hacked for $19M EOS By the InsiderSouth Korean crypto exchange Bithumb was hacked last night for three million EOS ($13 million) and the exchange believes it was compromised by its own employees. дальше »
2019-3-30 17:02 | |
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Bithumb Hacked Again? – Hackers Reportedly Steal $15 Million in EOS
Bithumb temporarily suspended deposit and withdrawal services on its platform. The South Korean cryptocurrency exchange appears to be the latest victim of another hack with $15 million worth of EOS allegedly stolen by cybercriminals. дальше »
2019-3-30 12:30 | |
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Was Bithumb Hacked For Millions Worth Of Crypto? EOS Blockchain Suggests So
Months after the Cryptopia debacle and mere days after the DragonEx imbroglio, reports and blockchain data suggest that Bithumb, South Korea’s largest crypto exchange has been hacked (yet again) for a large amount of EOS and potentially XRP. дальше »
2019-3-30 08:27 | |
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Crisis at Crypto Exchanges? Bithumb Announces Cut in Workforce
Following a series of recent layoffs and closures within the industry, top Korean exchange Bithumb follows suit by announcing it will cut its workforce in half by the end of this month. While the market is currently showing signs of optimism, this news brings an unwelcome reminder to the realities of an extended bear market. дальше »
2019-3-19 19:01 | |
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Report: Major South Korean Crypto Exchange Bithumb to Lay Off Up to 50% of Staff
Unconfirmed: major South Korean cryptocurrency exchange Bithumb is reportedly cutting up to 50 percent of its staff
дальше »2019-3-19 11:23 | |
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Bitcoin Exchange Bithumb Announces 50% Layoffs
South Korea’s largest Bitcoin exchange, Bithumb, has announced layoffs of 50%, the latest casualty of “crypto winter. ” B A report in Korean media issued earlier today shows that the exchange will be cutting its staff from 310 to around 150. дальше »
2019-3-19 02:20 | |
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Citing Executive Embezzlement, Korean Crypto Exchange Declares Bankruptcy
Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company. Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration. дальше »
2019-2-27 23:13 | |
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South Korean Crypto Exchange Bithumb Adds Support for BitTorrent’s BTT Token
It might be still new to the crypto space, but the BitTorrent token (BTT) is already recording impressive performances. This week, Bithumb, an exchange platform based in South Korea, announced the addition of the BTT token to their coin listing. дальше »
2019-2-20 23:50 | |
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Bithumb Announces Plans to Launch a Crypto Exchange in the UAE
News reaching Ethereum World News indicate that the South Korean crypto exchange of Bithumb is planning to expand its roperations to the Middle East. According to Coindesk Korea, the firm announced that it had signed a Memorandum of Understanding (MOU) with the UAE-based company of Nvelop to spearhead a joint venture in the country in […] The post Bithumb Announces Plans to Launch a Crypto Exchange in the UAE appeared first on Ethereum World News. дальше »
2019-2-13 16:14 | |
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In The Daily: Cointelligence Exchange Rating, Bithumb OTC, Telegram, Ton
In the first edition of The Daily this weekend, we cover the details around the launch of a new cryptocurrency exchange rating system by Cointelligence. Also, South Korean exchange Bithumb has announced it’s establishing an OTC trading desk in Hong Kong, and the popular messenger service Telegram has postponed the launch of its TON network […] The post In The Daily: Cointelligence Exchange Rating, Bithumb OTC, Telegram, Ton appeared first on Bitcoin News. дальше »
2019-2-9 17:15 | |
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South Korea’s Top Crypto Exchange Just Launched a Major Product, But is There Real Demand From Institutions?
Bithumb, South Korea’s largest Bitcoin exchange by trading volume, has launched an over-the-counter (OTC) trading platform that will allow deep-pocketed traders to exchange crypto assets off the books. дальше »
2019-2-8 22:44 | |
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Blockchain Exchange Alliance Will Take Over Korean Crypto Exchange Bithumb
South Korean crypto exchange Bithumb will be getting a makeover after being acquired by a plastic surgeon led blockchain consortium. Blockchain Exchange Alliance (BXA) led by Byung Gun Kim is set to acquire a 51% controlling stake in the exchange after investing $350 million. дальше »
2019-2-3 17:39 | |
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Major South Korean Crypto Exchanges Launch AML Initative
Four leading crypto-exchanges in South Korea including Bithumb, Corbit, Upbit and Coinone have joined forces to fight against cryptocurrency-powered money laundering activities, reported The Korea Herald on January 28, 2019. дальше »
2019-1-29 12:00 | |
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S Korean Crypto Exchanges Team up to Fight Money Laundering, Illegal Trading Activities
Four of South Korea’s largest cryptocurrency exchanges, Bithumb, Coinone, Korbit, and Upbit, have announced a new initiative to increase anti-money laundering (AML) efforts and fight illegal activities on their respective platforms, the companies said in a joint statement on January 25. дальше »
2019-1-29 02:20 | |
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Bithumb Joins Forces With Other South Korean Crypto Exchanges Against Money Laundering
South Korean crypto exchanges set up a “hotline” to prevent money laundering.
дальше »2019-1-29 22:23 | |
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South Korean cryptocurrency exchanges pool data to counter money launderers
Laundering funds with cryptocurrencies in South Korea could soon become a thing of the past if four of the country’s exchanges have their way. According to a local media report, Bithumb, Upbit, Corbit and Coinone have cobbled together to share ‘real-time’ wallet information on any suspicious activity linked to phishing attempts and pyramid schemes. дальше »
2019-1-28 20:10 | |
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Second Biggest Bitcoin Exchange Bithumb Seeks IPO Backdoor
South Korean cryptocurrency exchange Bithumb is looking to go public in the United States — a first for a major cryptocurrency exchange. Bithumb Seeks Backdoor IPO Bithumb, the world’s second largest cryptocurrency exchange my volume, is reportedly planning on forgoing an Initial Public Offering (IPO) and garnering admission as a publically-listed company in the United States by way of a reverse merger. дальше »
2019-1-25 10:00 | |
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Korean Bitcoin Now Cheaper Than World Prices
South Korea is known for a voracious crypto appetite, but the “Kimchi Premium” may now be turning into a discount. Crypto prices on Korean exchanges are now slipping below the worldwide average, indicating that Korean markets might finally be cooling down. дальше »
2019-1-18 00:36 | |
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Only 7 out of 21 Crypto Exchanges Pass South Korean Government Audit
The South Korean Government recently conducted a security audit on 21 Cryptocurrency exchanges and according to a local news story published on January 10, 2019, only seven of them passed the audit. The audit took place between September and December 2018 and out of the 21 surveyed, Bithumb, Coinone, and Korbit, along with four others, made the grade. дальше »
2019-1-13 10:00 | |
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Exchange News: Huobi Trials EOS Exchange, Sharespost Enables Security Token Trade
In recent cryptocurrency exchange news, Huobi’s EOS exchange has entered trial operations, Sharespost has facilitated a secondary trade of the BCAP security token, and Bithumb has obtained South Korean Information Security Management System certification. дальше »
2019-1-12 21:10 | |
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S.Korea Crypto Hacking Victim Denied Compensation After Court Ruling
A court ruling has exonerated Bithumb from liabilities totaling around 400 million Korean won after a client lost his funds due to crypto hacking. The post S.Korea Crypto Hacking Victim Denied Compensation After Court Ruling appeared first on CoinCentral. дальше »
2019-1-4 00:07 | |
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Bithumb Accused of Inflating Reported Trading Volume
An investigation conducted by Crypto Exchange Ranks (CER) has alleged that Bithumb, the largest Korean digital currency exchange by volume, has drastically inflated its reported trade volume during the second half of 2018. дальше »
2018-12-21 03:00 | |
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Bithumb Launches Voting Platform to Screen New Cryptocurrencies
Major South Korean cryptocurrency exchange Bithumb has beta launched a public voting system for screening new coins to be listed on its exchange. The platform, Pickthumb, aims to boost transparency and fairness in Bithumb’s listing process. дальше »
2018-12-9 11:55 | |
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CryptoCompare Releases November Exchange Review; Bithumb Overtakes Binance on 24h Volume
CryptoCompare recently released its monthly exchange review for November 2018, aggregating data from over 70 trading venues. The report suggests that futures volumes are still lingering at one-fourth of the market as the rest is controlled by spot trading. дальше »
2018-12-7 16:35 | |
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Bithumb Exchange Adds Two New Crypto Coin Listings: Stellar (XLM) and Odyssey (OCN)
The popular South Korean cryptocurrency exchange has taken the decision to list two new virtual currencies on its platform. The coins listed are Stellar Lumens (XLM) and Odyssey (OCN), both of them are major virtual currencies in the market. дальше »
2018-11-17 02:24 | |
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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. дальше »
2018-11-10 04:35 | |
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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. дальше »
2018-11-9 18:22 | |
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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. дальше »
2018-11-8 15:30 | |
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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. дальше »
2018-11-5 13:10 | |
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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. дальше »
2018-11-3 14:00 | |
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