Category: Bithumb

Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash

Since 2011 Hackers Looted More Bitcoin Than Satoshi's Entire StashEver since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2010. So far, over 1 million of the world’s BTC has been stolen from exchanges and traders continue to leave vast quantities of funds on centralized trading platforms. […]

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Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year

Survey Shows South Koreans Increased Crypto Holdings by 64% Last YearOver the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world’s digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64.2% over […]

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In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

In the Daily: Quadrigacx Report, Bithumb UAE, Coinbase Cloud Backup, Chainalysis FundingIn this edition of The Daily we cover a number of developments related to different cryptocurrency exchanges. A report shows that Quadriga has “lost” another half a million dollars, Bithumb is expanding its reach to the UAE, and Coinbase has launched a controversial new cloud backup service. Additionally, Chainalysis has raised further funding to help […]

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The Daily: Cointelligence’s Exchange Rating System, Bithumb Launches OTC Desk

The Daily: Cointelligence Offers Exchange Rating System, Bithumb Launches OTC DeskIn 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 […]

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Exchange News: Huobi Trials EOS Exchange, Sharespost Enables Security Token Trade

Exchanges News: Huobi Trial Eos Exchange, Sharespost Facilitates Security Token TransactionIn 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 Accused of Inflating Reported Trading Volume

Report Accuses Bithumb of Inflating Reported VolumeAn 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. The report asserts that a number of irregular patterns identified in Bithumb’s trade activity suggest “apparent trade manipulations being performed.” Also Read: Former […]

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7 Major Exchanges in Korea to Create Healthy Cryptocurrency Ecosystem

7 Major Exchanges in Korea to Create a Healthy Cryptocurrency EcosystemSeven major crypto exchanges in South Korea have joined forces to create a sound cryptocurrency ecosystem. They have agreed on joint measures such as information sharing and real-time monitoring of abnormal transactions. Meanwhile, the Korean government is working on institutionalizing crypto exchanges. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Seven […]

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New Report Updates Cryptocurrency Exchange Ratings

New Report Updates Cryptocurrency Exchange RatingsA quarterly ratings report has upgraded the score previously given to seven cryptocurrency exchanges, while downgrading four. It has also added seven new exchanges, rating them on such metrics as trading volume, security, and compliance. In related news, Crypto Exchange Ranks (CER) has begun tracking the hot and cold wallets of exchanges as part of […]

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Bithumb Launches Voting Platform to Screen New Cryptocurrencies

Bithumb Launches Voting Platform to Screen New CryptocurrenciesMajor 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. Also read: Indian Supreme Court […]

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Bithumb Overtook Binance as Largest Spot Exchange by Daily Volumes in November

Bithumb Overtook Binance as Largest Spot Exchange by Daily Volumes in NovemberCryptocompare, the cryptocurrency market data aggregator, has published its monthly exchange review for November 2018, offering insights about the latest changes in the global market using transaction data from over 70 trading venues. Also Read: IRS to Face Record Number of Crypto-Related Loss Claims Key Findings in the Report The authors of the report found that […]

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PR: Bithumb Celebrates Its Fifth Anniversary with BTC Air Drops

Bithumb Celebrates Its Fifth Anniversary with BTC Air DropsThe global cryptocurrency stock exchange Bithumb is holding its third commemorative event in celebration of its fifth anniversary.

The ‘Super Airdrop Festival’ event has two parts, the Login Event and Air Drop Event, and is open to participation for anyone who is a Bithumb member.

Members can participate in the Login Event until December 11th by logging into Bithumb and clicking on the enter event button. In this event, 15 Bitcoins (valued at USD 97,789 as of today) are provided to one winner, who is selected by lottery after the event is concluded. The winner is scheduled to be announced on December 24th.

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‘Asia’s Amazon’ Starts Using Bithumb’s Payment Service for Cryptocurrency Users

'Asia’s Amazon' Starts Using Bithumb's Payment Service for Cryptocurrency UsersOne 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. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Qoo10 […]

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Top Three South Korean Cryptocurrency Exchanges Expand Overseas

Three of South Korea’s largest cryptocurrency exchanges are expanding overseas. Upbit has launched a Singaporean crypto exchange with 156 coins and 221 trading pairs. Coinone has established a crypto exchange in Malta while Bithumb is planning to launch a security token platform in the U.S. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bithumb to […]

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Korean Court Rules in Favor of Cryptocurrency Exchange Against Bank

A South Korean district court has ruled that Nonghyup Bank, a major bank in the country, cannot block transactions to the account of cryptocurrency exchange Coinis based solely on the government’s anti-money laundering guidelines. This is reportedly the first time a Korean crypto exchange has taken legal action against a bank for blocking its transactions. […]

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PR: Bithumb to Hold Payback 70% of Transaction Fee for Overseas Users

Bithumb to Hold Payback 70% of Transaction Fee for Overseas UsersBithumb, a global cryptocurrency exchange holds an event to payback 70% of transaction fees for overseas users as an expression of appreciation for their support and loyalty following the last month.

‘Cryptocurrency Transaction Fee payback promotion’ holds from October 22 to November 21, 2018 (GMT +9) Korean Standard Time. The event is for the overseas users who have completed transactions over KRW 1 Billion (Approx. USD 890,000, Bithumb cash standard) and are expecting to get payback 70% for the transaction fees incurred within this period.

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PR: Bithumb to Hold Special Promotion for New Registered Foreign Users

Bithumb to Hold Special Promotion for New Registered Foreign UsersBithumb to Hold ‘Special Promotion’ for New Registered Foreign Users

Provide benefits for KRW 20 Million transactions with new registration during event period

Bithumb, a global cryptocurrency exchange will offer a new registration event to global users who newly join and start making cryptocurrency tranactions.

Bithumb is planning to hold a ‘New Registration Event’ for overseas users from October 15 to November 14, 2018 (GMT +9) Korean Standard Time. The event is for overseas users who have signed up for the Bithumb and completed transactions over KRW 20 Million (Approx. USD 17,490, Bithumb cash standard). The users who are satisfied with above conditions are expecting to receive benefits of 20,000 Bithumb cash after the event period.

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South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium

South Korea’s Largest Crypto Exchange Sold to Singapore-Based ConsortiumThe largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb. Also read: 160 Crypto Exchanges Seek to Enter […]

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Largest South Korean Exchange Launches Crypto Market Indices

Largest South Korean Exchange Launches Crypto Market IndicesThe largest crypto exchange in South Korea by trading volume, Bithumb, has launched two cryptocurrency market indices. One tracks all coins listed on the exchange while the other tracks only altcoins. Meanwhile, Upbit, the country’s largest crypto exchange by the number of coins listed, has two similar indices and sub-indices divided into three broad categories. […]

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