SPX6900 jumps nearly 10% as Upbit and Bithumb open Korean trading

SPX6900 rose as Upbit and Bithumb announced Korean market listings, while Bithumb also opened KRW trading for Spacecoin.

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Euler price surges over 30% as Bithumb announces listing in Korean Won market

Euler price jumps 34% after Bithumb confirms a Korean won listing, boosting volume and liquidity as the DeFi protocol’s TVL climbs to $1.5B.

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South Korean Crypto Exchange Bithumb Bans Employees from Trading Bitcoin

One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a Bithumb newsletter focused on improving “transaction transparency.

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Top Korean crypto exchanges reopen brick-and-mortar customer centers

Both Coinone and Bithumb have reopened their customer centers in the capital city in response to a surge in domestic interest in cryptocurrencies.

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North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report

A new report commissioned by the U. S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb.

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Morgan Stanley reportedly looks to acquire stake in Korean exchange Bithumb

American multinational investment bank Morgan Stanley is currently in talks to acquire a stake in top South Korean cryptocurrency exchange Bithumb, local news outlet Naver reported on Friday. The post Morgan Stanley reportedly looks to acquire stake in Korean exchange Bithumb appeared first on CryptoSlate.

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Morgan Stanley reportedly set to buy Bithumb exchange for over $400 million

American multinational investment bank and financial services company Morgan Stanley is rumored to be bidding for leading South Korean cryptocurrency exchange Bithumb. According to the country’s local media outlet, Morgan Stanley is already in the negotiation process, which will allow the bank to acquire stakes in Bithumb.

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Morgan Stanley Bidding for South Korean Crypto Exchange Bithumb

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Morgan Stanley Eyes Bitcoin Exchange Acquisition After Crypto Rallies 1,500%

Key Bitcoin Takeaways A South Korean media outlet reported that Morgan Stanley plans to acquire Bithumb, a local bitcoin exchange. The news surfaced two days after the American banking giant decided to offer three Bitcoin funds to its rich clients via its traditional investment platform.

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Morgan Stanley rumored to be eyeing stake in top Korean exchange Bithumb

Korean media has reported that Morgan Stanley is in talks with Bident — who owns a 10% of Bithumb Korea.

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Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures

The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering.

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South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018

A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet.

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Seoul court finds Bithumb liable; orders reimbursement of over 1.1 billion won

Seoul's Central District Court has ruled that South Korean crypto-exchange Bithumb is liable to compensate victims of Bithumb’s withdrawal incident back in November 2018. In the said incident, severThe post Seoul court finds Bithumb liable; orders reimbursement of over 1.1 billion won appeared first on AMBCrypto.

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Bithumb CEO Predicts Only Four to Seven South Korean Crypto Exchanges Will Survive New Rules

The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only be between four and seven exchanges surviving the new regulation.

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South Korean Conglomerate, NEXON, Denies Reports Linking It to The Sale Of Bithumb Exchange For $460M

South Korean gaming conglomerate Nexon Co. Ltd. denies reports connecting it to the purchase of troubled crypto exchange, Bithumb. The deal was reported to cost the buyer over $460 million. The post South Korean Conglomerate, NEXON, Denies Reports Linking It to The Sale Of Bithumb Exchange For 0M first appeared on BitcoinExchangeGuide.

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South Korean gaming conglomerate Nexon denies plans to acquire Bithumb

Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million.

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South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million

Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy all the shares owned by Bithumb chairman Lee Jung Hoon, including several others totaling up […]

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Crypto Exchange Bithumb to Be Acquired By South Korean Gaming Giant, Nexon, for $460M

South Korean cryptocurrency exchange Bithumb wants to put a troubling 2020 behind it and look to the future. It appears that the company’s plans also involve new owners. Per local news sources, multi-billion-dollar gaming company Nexon is in advanced talks to purchase the exchange outrightly.

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South Korean Gaming Conglomerate to Purchase Bithumb for $460M

South Korean agency Maekyung broke the news, stating that Nexon and Bithumb have officially signed a memorandum of understanding (MOU) to kickstart the process The deal will result in Nexon acquiring a ~65% stake in the Bithumb exchange.

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South Korean Gaming Titan to Buy Bitcoin Exchange Bithumb for $460M

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Report: Major gaming conglomerate Nixon prepares to acquire Bithumb

South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country's largest cryptocurrency exchange.

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Ripple and Its Largest ODL Corridor Help Move 69.7 Mln XRP

Almost 70 Mln XRP has been moved by the efforts of Ripple, its largest ODL-based platform and the major Korean digital exchange Bithumb

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Bithumb Global Reflects On Its Journey As It Celebrates First Anniversary

Today, South Korean cryptocurrency exchange Bithumb Global celebrates its first anniversary as it continues to meet the ever-increasing demand for digital assets. Established in 2019 during the boom period in the cryptocurrency industry, Bithumb Global has quickly established itself as one of the leading digital asset exchanges in the world by reported trading volume.

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51.5 Mln XRP Moved by Bithumb as XRP Price Predicted to Target Immense Rise

Major South Korean exchange moves over fifty million XRP while its price is expected to reach a hard-to-believe level within a year or two

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Crypto Exchange Bithumb to Launch Staking As a Service With IOST

In a blog post published on April 14, 2020, South Korean cryptocurrency exchange Bithumb announced it would be launching staking as a service on April 20, 2020, with IOST (IOST) as the first cryptocurrency available for staking on the trading platform.

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Huobi Korea Delists Monero Over Nth Room Case, Bithumb May Follow

Reports have emerged that participants in a Korean-based sexual exploitation ring used Monero for criminal acts. As a result, Bithumb is considering delisting the cryptocurrency. Huobi has already dropped it from its Korean exchange.

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Bithumb Debuts Crypto Margin Trading Service with 5x Leverage

Bithumb global has announced to its users, the launch of the platform’s crypto margin trading service for Bitcoin (BTC) and Ether (ETH) against Tether (USDT). Details of the Bithumbbrin Global Margin Trading Service In a blog post published on its website, Bithumb Global — the international arm of the South Korean Bitcoin exchange behemoth announcedRead MoreRead More.

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South Korean Crypto Exchanges Aid Police in Child Porn Investigation

South Korea’s four major cryptocurrency exchanges, Upbit, Bithumb, Coinone, and Korbit, reportedly stated that they would support the local police in investigating the so-called “nth rooms” phenomenon, which turned into a nation-wide scandal.

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South Korea’s UPbit, Bithumb Reveal Substantial Drop in Trading Volumes In Last 2 Years

Top South Korean crypto exchange platforms, Upbit and Bithumb, have witnessed a massive decrease in their trading volumes of 70% and 63% respectively compared to their 2018 results, Decrypt reports. According to Financial Supervisory Services (FSS), Dunamu, which is Upbit’s parent company, saw its annual profits decrease by 93% to approximately $7.4 million. The nosedive […]

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Revenues of South Korean crypto exchanges collapse by more than 50%

The revenue of the two largest cryptocurrency exchanges in South Korea, UPBit and Bithumb, fell more than 50%. Demand for cryptocurrencies in the country has recently fallen sharply.

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BOSAGORA’s Native Token BOA Gets Listed On South Korean Exchange Bithumb

Leading South Korean next-generation smart contract blockchain firm BOSAGORA continues its impressive form, which started in 2019, as the digital currency BOA is now listed on the major South Korean exchange platform Bithumb.

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BOSAGORA Continues to Impress as Digital Currency BOA Lists on Bithumb

Bitcoin Press Release: BOSAGORA, a next generation smart-contracting blockchain which showed impressive results in 2019, has now listed on the major South Korean exchange Bithumb.   8th March 2020, Seoul, South Korea – BOSAGORA’s native token BOA, which is governed by a democratic “Congress Network” of its users, saw a staggering 279% growth in Q4 of […] The post BOSAGORA Continues to Impress as Digital Currency BOA Lists on Bithumb appeared first on Bitcoin PR Buzz.

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BOSAGORA Continues to Impress as Digital Currency BOA Lists on Bithumb

BOSAGORA, a next generation smart-contracting blockchain which showed impressive results in 2019, has now listed on the major South Korean exchange Bithumb.   8th March 2020, Seoul, South Korea – BOSAGORA’s native token BOA, which is governed by a democratic “Congress Network” of its users, saw a staggering 279% growth in Q4 of 2019.

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Bithumb Signs MoU With BitMax To Expand Cryptocurrency Services In The Global Market

South Korean cryptocurrency exchange, Bithumb enters into a strategic partnership with BitMax, a Singapore based exchange founded in 2018. According to the official announcement, the partnership aims to boost the development of blockchain and crypto solution across the industry with a key focus on liquidity on exchanges.

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Bithumb to Get Wall Street-Level Fintech Expertise via New Partnership

Major South Korean crypto exchange Bithumb to partner with BitMax, accessing the latter’s Wall Street-level fintech expertise

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Two Asian Crypto Exchange Giants Partner to Expand Global Reach

South Korean crypto exchange Bithumb has announced a strategic partnership with Singapore-based exchange, Bitmax. io. This move will create new opportunities to reach global traders and investors.

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Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax

Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions.

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Bithumb Takes Korean Tax Authority to Court Over ‘Groundless’ Crypto Tax

Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions.

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South Korean Exchange Bithumb To Fight NTS In Court Over $69M Tax Bill

According to local reports from The Korean Times, the largest crypto exchange in the country is challenging the latest tax imposed by the National Tax Service (NTS) in a Tax Tribunal in what it terms as a groundless base.

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Bithumb Cryptocurrency Exchange Goes to Court Over $69M Tax Bill

Bithumb crypto exchange is taking South Korean tax officials to court over a $69 million tax bill

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Bithumb Pledges $8M to South Korea’s ‘Regulation-Free’ Blockchain Zone

South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug.

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Bithumb Pledges $8 Million Investment in Busan ‘Regulation Free’ Blockchain Zone

South Korean crypto exchange giant Bithumb is reportedly eyeing a significant investment in the Busan blockchain special zone. The move comes following the platform’s creation of a research and development center.

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South Korea: Crypto Exchange Bithumb Establishes Blockchain R&D Center

Leading South Korean cryptocurrency exchange platform Bithumb has set up a research center to boost its blockchain-based offerings and services, the exchange announced in a blog post, January 7, 2020.

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Bithumb Rolls Out Blockchain And Crypto Research & Development Center In South Korea

South Korea-based crypto exchange Bithumb has opened its own R&D center, which means it’s also going to do research and development from now on. The announcement was released on January 6. Bithumb now has the first South Korean blockchain and cryptocurrency research center.

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Major South Korean Crypto Exchange Bithumb Launches R&D Center

Bithumb, a major South Korean crypto exchange, is launching its own R&D center for cryptocurrencies and blockchain technology

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South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb

The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced.

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Korean Government Brings the Hammer Down on Bithumb, Taxing The Crypto Exchange $68 Million

The Internal Revenue Service has imposed an obligation on cryptocurrency exchange Bithumb to “withhold withholding” on income from cryptocurrency transactions by foreign users, reported local sources.

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Bithumb Exchange Will Pay $67 Million in Additional Crypto Taxes

Coinspeaker Bithumb Exchange Will Pay $67 Million in Additional Crypto TaxesEarlier South Korean crypto exchange Bithumb had reported about a bad financial year, but now it has been revealed that the taxes are getting even harder.

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Bithumb Crypto Exchange Reportedly Considers Litigating $68.9M Tax Bill

South Korean cryptocurrency exchange considers litigation after the local tax authority imposed a $68.9 million tax bill on it

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