Bithumb to lay off over 50% of its staff

Many employees of the largest crypto exchange in South Korea, Bithumb, will soon be jobless. The exchange announced on March 19 that it will be laying off 50% of its employees. According to the announcement, reported by CoinDesk Korea, Bithumb will be cutting its staff from 310 to around 150. An unnamed official confirmed the…

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Bithumb Partners With Blockchain VC Firm Nvelop to Launch Exchange in UAE: Report

South Korean cryptocurrency exchange Bithumb will open a new platform in the United Arab Emirates (UAE), local news outlet The Financial News reported Feb. 12. The UAE-based platform is reportedly to be developed in partnership with Abu Dhabi-based firm Nvelop and will function as a springboard for Bithumb to expand into other countries in the…

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Exchanges News: Huobi Trial Eos Exchange, Sharespost Facilitates Security Token Transaction

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. Also Read: Bisq DEX Launches DAO on Testnet as Developers Seek to Decentralize Governance  Huobi Launches Trial of EOS Exchange In the…

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Bithumb Holding Company Looks to Raise US$100M in Equity Crowdfunding Campaign

Blockchain Exchange Alliance (BXA), the Singapore-headquartered holding company of Bithumb, one of South Korea’s largest cryptocurrency exchanges, is looking to raise at least US$100 million in a Bnktothefuture equity crowdfunding. BXA holds 38.7% of the company that owns and operates the Bithumb exchange. The exchange claims 4.3 million active users and about US$1.4 billion in…

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Bithumb Cryptocurrency Kiosk will Bring Food to Your Doorstep ⋆ ZyCrypto

The world is fast approaching the era of a completely cashless society. But more interesting is that food lovers can conveniently eat without worrying about cash to pay in South Korea as Bithumb has lifted that burden with their latest innovation. The Bithumb kiosk The tiny peninsula nation of South Korea is no stranger to…

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Only 2 out of 25 Top Crypto Exchanges Report Their True Trading Volumes: Report

Photo: Pavlos Giorkas / Flickr The December Exchange Volumes Report by the Blockchain Transparency Institute (BTI) is out. According to the report, just two of the top 25 cryptocurrency exchanges report accurate trade volume. The two are Binance and Bitfinex. The rest inflate their trade volume figures hence providing inaccurate information. This report confirms the…

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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. Five coins are currently being evaluated with the current voting round ending in nine days. Bithumb’s Voting Platform One…

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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. 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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