#Bithumb

Terms of service being changed in real time with coloured pens,.

South Korean Crypto Exchanges Update Terms of Service

June 17, 2019 by Ogwu Osaemezu Emmanuel at Exchange, News

Exciting times for South Korean bitcoin and altcoin investors as five local exchanges including Bithumb have revised their terms of service to make it possible for traders to get duly compensated should there be an unforeseen circumstance that leads to loss of funds, even if the security breach is not...

Bithumb wrapping the world with orange blocks

Bithumb Crypto Exchange Launches Perpetual Futures Trading Platform

May 14, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Business, Exchange, Finance, News

Bithumb Global, a leading South Korean bitcoin trading platform and crypto exchange, has announced the launch of its global digital assets exchange service that will support multiple fiat currency trading pairs and a perpetual futures trading with up to 100x leverage, according to a press release on May 13, 2019....

Binance Hacked Laptop Red SKull and Bones

Binance Hacked, 7,000 BTC Stolen From Hot Wallet

May 8, 2019 by Ashwath Balakrishnan at Bitcoin, Crime, Cybersecurity, Exchange, News

Crypto hackers struck again as 7,000 BTC was stolen from Binance's hot wallet. Tthe exchange reported on May 8, 2019, that hackers were able to obtain a large number of API keys, 2FA codes, and other user information to execute their attack. Binance's SAFU Breached Binance discovered a large scale...

South Korea Crypto-Exchange Bithumb Reports $180 Million 2018 Losses

April 12, 2019 by Aisshwarya Tiwari at Business, Exchange, Finance, News

South Korea-based cryptocurrency exchange Bithumb suffered a mammoth loss of $180 million (205 billion Korean won) in 2018, reports The Korea Times, April 10, 2019. A Series of Unfortunate Events Although the current sentiment in the crypto market has a slightly positive shade to it, things were not so hunky-dory in 2018...

South Korea: Bithumb Exchange Hacked; EOS and XRP Worth Millions Stolen

April 1, 2019 by Aisshwarya Tiwari at Altcoins, Business, Exchange, Finance, News

South Korean cryptocurrency exchange Bithumb on March 30, 2019, announced that it recently observed “abnormal withdrawal” of crypto holdings from the company’s hot wallet, an incident its employees orchestrated the firm suspects. Notably, the company claims that all its customer’s funds are secure in cold storage wallets. An Inside Job?...

South Korean Prosecutors Create Task Force to Combat Crypto Criminals

March 7, 2019 by Nuno Menezes at Crime, News, Regulation, Tech

Seoul prosecutors announced on March 5, 2019, that they are forming a "Task Force" with the sole purpose of fighting off crypto and fintech-related crimes of fraud as reported by the country’s News1 Agency. Crime Fighting in Korea To fight off an 800 percent increase in crypto-related and fintech-related crimes...

Washing Money Laundering Fists Crush South Korea

Major South Korean Crypto Exchanges Launch AML Initative

January 29, 2019 by Ogwu Osaemezu Emmanuel at Business, Exchange, News, Regulation

Four leading crypto-exchanges in South Korea including Bithumb, Corbit, Upbit and Coinone have joined forces to fight against cryptocurrency-powered money laundering activities, reported The Korea Herald on January 28, 2019. Solidarity in Unity In a bid to curb the activities of criminals who use bitcoin and other distributed ledger technology...

US White Flag America Red Stripes Bithumb

Blockchain Industries Merges with Bithumb ahead of U.S. Listing

January 23, 2019 by Priyeshu Garg at Blockchain, Business, News

U.S.-listed Blockchain Industries has signed a binding letter of intent to merge with Singapore-based holding company BTHMB, a move that would mark the first reverse merger in the country, according to the press release on January 22, 2019. Reverse Merger Bithumb, one of the world's largest cryptocurrency exchanges by trading...

January Tax Raid on Bithumb Found “No Illegal Activities such as Tax Evasion”

Bithumb Wins Hack Case Court Battle; Judge Rules Crypto Exchanges are “Not Financial Institutions”

December 30, 2018 by Aisshwarya Tiwari at Altcoins, Business, News, Platform, Tech

South Korea-based cryptocurrency exchange Bithumb has been acquitted of a lawsuit filed by an investor named Ahn Park. Park accused the trading platform of lax security measures which allowed hackers to steal his crypto holdings worth $355,000, reports Finance Magnets, December 26, 2018. Bithumb not Responsible for Compensating their Users...

Bithumb boxes full of bitcoins parachuting down

Cryptocurrency Exchange Bithumb to Give Away Bitcoin, Ether, and XRP in Airdrop Event

November 13, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Ethereum, Exchange, News, Platform

Bithumb, one of the biggest cryptocurrency exchanges in South East Asia and Korea in particular, has announced a ‘Super Airdrop Festival’ that any registered trader can participate in. In a Twitter post published November 12, 2018, the company said that the highlight of the event is a giveaway involving 15...

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