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. According to Reuters, Bar Association President Kim Hyun…

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

Photo: Bithumb / Facebook After being hacked for as much as $31 million, the notorious cryptocurrency trading platform Bithumb seems to recover from their latter misfortunes as the exchange has been expanding a partnership network focusing on the today’s hottest trend, a security token. It became known that the other day South Korean exchange has…

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Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

A recent report by cybersecurity company found that over the past two years cryptocurrency exchanges have lost $882 million to hackers. The report also warns that the trend is likely to increase in the future as hackers direct more of their attention to exchanges. $1.3 Million Lost Every Day Moscow-based cybersecurity company Group-IB has released…

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Bithumb launches its DEX days after stakes acquired by BK Global Consortium

Bithumb, one of the biggest cryptocurrency exchange platform in South Korea and the world’s leading exchange platform, has launched its decentralized exchange, Bithumb DEX. The announcement was made by One Root on their official blog earlier this week. This comes in the limelight days after the exchange platform’s 51% stake was acquired by BK Global…

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Bithumb to Launch Decentralized Exchange Targeting Global Markets

Bithumb exchange is planning to expand their business overseas, as there are too many regulations and restrictions domestically. The new exchange will not rely on third-party service to trade cryptos, it will be a decentralized exchange. This will allow the trades transactions automation. This will also enable the company to diversify services and reduce threats. One…

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Binance and Bithumb Announce New Crypto Listings, Prices React

Bithumb and Binance have announced listings of new coins, with Bithumb stating that Waves (WAVES) and ChainLink (LINK) will be joining its ranks, while Binance is adding BNB trading pair for TRON (TRX). Bithumb Adds Two New Coins Cryptos getting listed on new exchanges is always big news for both the coins and the exchanges…

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Waves (WAVES), ChainLink (LINK) Jump on Upcoming Bithumb Listing

The South Korean crypto exchange will add the two coins next week, with the support announcement triggering a significant price increase for WAVES and LINK on Wednesday morning. Waves (WAVES) and ChainLink (LINK), two native tokens in blockchain-based platforms, leaped more than 10% and 20%, respectively, on a daily basis on Wednesday morning UTC as…

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Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification

South Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been over seven months since the Korean government introduced the crypto real-name system, but only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-name ones, according to local…

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Clever Scammer Milking Bithumb of $90,000 Daily

A Twitter user has found that someone is taking advantage of South Korean cryptocurrency exchange Bithumb. The exchange has had an offer running since the 25th of August – 120% payback of trading fees every day, up to a limit of one billion won ($899,490). Trading fees on Bithumb equal 0.15 percent of the value…

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Monero Price Is Up – The Coin Is Trading In The Green Following (XMR) Deposits & Withdrawals Re-Opening On Bithumb

Monero is finally trading in the green on CoinMarketCap. At the time of writing XMR is priced at $90.16 and the coin has a total market cap of $1,466,548,145 USD / 228,546 BTC. Monero (XMR) deposits and withdrawals resumed on Bithumb This comes after the great news that Bithumb decided to resume its XMR deposits…

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Bithumb Bounces Back With Expansion Plans in Japan and Thailand

Local media recently reported that Bithumb, one of South Korea’s most prominent exchanges, has announced plans to make a move on the Japanese and Thai markets. Korea-Based Exchange Eyes New Markets In an exclusive with ZDNet Korea, Bithumb has announced that it plans to open operations in Japan and Thailand after receiving the required regulatory approval…

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Only 12 out of 23 Korean Crypto Exchanges Pass Probe – Inspector Under Fire

The self-regulatory inspection of South Korean cryptocurrency exchanges is complete. Fourteen out of 23 exchanges agreed to be inspected. Twelve met the self-regulatory standards despite security flaws, raising questions of how effective the inspection is. 12 Exchanges Pass Security Checks The Korea Blockchain Association (KBA) held a press conference Wednesday to announce the results of…

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South Korea on the Road to Regulated Mainstream Crypto

The days of “Korea FUD” in the cryptoverse may finally be coming to a close. In light of recent reports South Korea has been moving towards a more welcoming and regulated approach to crypto, local Korean news outlet BChain (English) has released detailed information on the government’s upcoming plans for the industry. Also see: No Eggs…

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Bithumb Recovers Nearly Half of its Stolen Funds Thanks to Other Exchanges

Affiliate Program Earn 30% commission for BestRate ICO payment tool sales. Join our referral program now! AdChoices Total Conviction Buy Sign We Think This Total Conviction Stock Could Be Like Buying AMZN for $3.19 OPEN AdChoices As such, the issues faced by the Bithumb exchange earlier this month sparked a heated debate. The company fell…

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Bithumb Confirmed Its Recovery of Half of Losses from Recent Hack

South Korean cryptocurrency exchange, Bithumb confirmed that it has recovered half of the losses which had raised  from the recent hack of $31 million. $31 million hack Announced on June 28, 2018, Bithumb claims that it has recovered nearly half of the funds stolen in a recent hack. According to the reports, Bithumb’s online hot wallet…

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Genesis Bitcoin Mining Farm Located In Iceland. Genesis Mining Investment

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Malware in South Korean Cyberattacks Linked to Bithumb Heist

Lazarus Group is likely behind a spear phishing campaign containing malicious code to download Manuscrypt malware. Lazarus Group, a team of cybercriminals reportedly based in North Korea, is believed to be targeting its southern neighbor with malicious documents. The files, recently reviewed by South Korean researchers and experts at AlienVault, pack Manuscrypt malware as the…

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Bithumb, Coinrail Hacks Didn’t Tank Bitcoin Like Many Thought They Would; We Explain Why

You’d think that news of two hacks in as many weeks of crypto exchanges would cause a mighty crypto crash, especially Bitcoin, that didn’t happen. By now you’ve heard about the hacks of Bithumb and Coinrail that have happened within weeks of each other. The easily-spooked traders in the crypto space immediately started to sell…

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Bithumb Hack Does Not Change Bitcoin Fundamentals, Says Litecoin Founder Charlie Lee

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…

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Bithumb loses over $30 million in crypto

Bithumb, one of the largest cryptocurrency exchanges in Korea, lost over $30 million worth of cryptocurrency to hackers on Wednesday in the second major cyberattack on a local cryptocurrency exchange in a matter of weeks. “We noticed that between last night and today early morning, about 35 billion won [$31.5 million] worth of cryptocurrencies has…

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