Bithumb Hacked Again: $13 Million in EOS, 20 Million XRP On the Move
Bithumb was hacked for the second time in less than a year as attackers managed to steal 3 million EOS coins and 20 million XRP. The subsequent laundering of …
Bithumb
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 …
75% of Bitcoin Exchanges Report ‘Suspicious’ Crypto Trading Volumes: Research
A site called TheTie released a report today that estimates over 86% of all reported Bitcoin exchange volume is suspicious, while 75% of exchanges report extremely dubious volumes. The …
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. In …
Report: Crypto Exchanges in South Korea Scrambling to Survive as Bear Market Hits Hard
According to a local publication Blockinpress, crypto exchanges in South Korea are struggling to adjust to changing market conditions and the 14-month-long correction. Since January 2018, the global crypto …
South Korea’s Largest Bitcoin Exchange May Go Public on US Stock Market, Will Anyone Care?
By CCN.com: US investors may soon be able to invest in one of the world’s largest bitcoin exchanges following its listing on the over-the-counter (OTC) US stock market. No, …
South Korea: Dangerous Precedent Set – Court Finds Bithumb Not Financially Responsible for Crypto Exchange Hack
A South Korean court has acquitted Bithumb from all wrongdoings after the company was accused by one of its clients in a hacking incident that saw the customer lose …
Bitcoin Exchange Bithumb: Researchers Uncover Likely Fake Volume
Korean exchange Bithumb reported volumes more than 10x its summertime averages in early November. CryptoExchangeRanks.com, a research firm linked with Hacken, decided to vet the data. They made the …
Upbit CEO: Crypto Regulation is Necessary, But is Korea on Right Track?
On December 10, Lee Seok-wu, the CEO of Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, said that regulation is important to establish industry standards. During …
Why South Korea Will Play a Major Role in Cryptocurrency Adoption
As a high-tech hub known for its consumer electronics, tech giants, esports, and global innovation, perhaps it’s not surprising that a report by Cindicator revealed that South Korea will …
Crypto Exchange Bithumb May Have [Temporarily] Propped up Bitcoin Price: Analysts
The bitcoin price touched a fresh yearly low this morning, leaving traders and investors scrambling for answers as the crypto market searches for a bottom. While there are numerous …
Korean Crypto Giant Bithumb Makes U.S. Foray with Security Token Exchange Deal
Cryptocurrency exchanges continue to demonstrate resilience despite this year’s downturn in trading volume and prices. Most recently, Bithumb, which is South Korea’s biggest cryptocurrency exchange, is making an expansion …
Bitfinex Struggles with Banks, Why Are Other Major Bitcoin Exchanges Just Fine?
On October 6, major bitcoin exchange Bitfinex obtained banking services from HSBC with a private account held by a Hong Kong corporation. Less than two weeks after establishing HSBC …
Why Investors are Highly Optimistic in Acquisition of Korea’s Largest Crypto Exchange
On October 12, CCN reported that BK Global Consortium, the parent company of Singapore-based BK Medical Group, has acquired a 50 percent stake in Bithumb, South Korea’s largest crypto …
$350 Million: Singapore Consortium Gains Majority Stake in Korea’s Biggest Bitcoin Exchange
South Korea’s largest cryptocurrency exchange by trading volume, Bithumb, has seen a Singapore-based blockchain consortium become its majority owner in a $350 million deal. BTC Holdings Company, which was …
Korean Crypto Giant Bithumb is Launching a Decentralized Exchange
Perhaps inspired by the world’s largest cryptocurrency exchange Binance to launch a decentralized exchange (DEX) by 2019, Bithumb, a major digital asset trading platform in South Korea, has announced …
Japan Gov’t Outraged by $60m Crypto Hack of Zaif, Regrets Lack of Suspension
Earlier this month, major Japanese crypto exchange Zaif was hacked, losing $60 million worth of crypto in user funds. The Financial Services Agency (FSA), the main financial watchdog of …
Decentralized Crypto Exchange is Solution to Hacks, Will They be Ready?
Not long after the successful hacking attempts on crypto exchanges Bithumb and Coincheck, Japan’s Zaif was hacked, losing $60 million in user funds. All three exchanges were found to …
How the Recent $60 Million Crypto Hacking Attack Will Impact Japanese Market
Zaif, a major crypto exchange in Japan, was hacked this week, losing nearly $60 million in user funds in a high profile security breach. Local publications including Japan Times …