Tag: Bithumb

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’s client, named Ahn Park, had accused the digital currencies…

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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 BTC. This will be given to a random Bithumb member…

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South Korean cryptocurrency exchange Bithumb is reportedly exploring the possibility of a security token exchange in the U.S., according to people familiar with the matter. Local news agency Yonhap News was able to confirm on November 2, 2018, that Bithumb has agreed to partner with American fintech company seriesOne. Security Tokens: The New Frontier According to a blog post published by…

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The price of bitcoin managed to regain the $6,500 mark, which the community is jokingly referred to as its “stablecoin price” as it has spent the better of the last two months hovering around this price level. The price was pushed higher this week – by around three percent – thanks to crypto-positive news coming from Wallet Street. Fidelity, the…

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On October 15,  2018, South Korean cryptocurrency exchange Bithumb announced they are launching their first official decentralized exchange, dubbed Bithumb DEX. The Korean crypto giant Bithumb is said to leverage OneRoot R1 protocol to increase the overall efficiency of the decentralized exchange. The Era of Decentralized Exchanges The noteworthy crypto player in Korea, Bithumb has seen an exciting year of…

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Korean cryptocurrency exchange Bithumb, the largest in the country by daily trading volume, has sold a 38 percent stake in its business for $354 million to a Singaporean investment group, reported Reuters on October 12, 2018.  Bithumb Sells Stake to Plastic Surgeon BK Global Consortium purchased 50 percent plus one share in Bithumb’s largest shareholder BTC Holdings for 400 billion…

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South Korea’s crypto exchange heavyweight Bithumb has announced that it was all set to launch a decentralized exchange in a bid to cater to its overseas expanding base in the coming few months, reported Business Korea on October 5, 2018.  Autonomous Operations Although the exchange is yet to put the word out officially, some people familiar with the matter told…

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According to a study by cryptocurrency security firm CipherTrace of online heists, a record number of cryptocurrency tokens were stolen from cryptocurrency exchanges in the first half of 2018 alone. Cryptocurrency Heists on the Rise in 2018 CipherTrace reported that in the first half of 2018, there was more than three times the number of cryptocurrencies stolen and used in money…

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The hack of Korean cryptocurrency exchange Bithumb on June 20, 2018, has once again raised concerns over the security practices of cryptocurrency exchanges. Here, the attackers made away with digital coins worth an estimated $31 million. While that figure does not eclipse the infamous Mt Gox hack of 2014, it has undoubtedly resurfaced similar investor concerns. The hack also triggered…

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South Korean cryptocurrency exchange Bithumb was compromised and lost over $30 million worth of cryptocurrency on June 19, 2018. However, the exchange has covered all costs included with the damages and has assured that no user-funds will be affected. Deposits and withdrawals have since been halted. Hackers Attack Bithumb After a promising start to the week regarding crypto market price…

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