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BITCOIN PRICE: 6,395.00     HIGH: 6,419.34     LOW: 6,354.26

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Vizag Fintech Festival • October 22-26, 2018

The Vizag Fintech Festival 2018 is poised to be the nation’s largest Financial Technology event. The week-long event will take place from…

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Tag: Bithumb

Bitcoin Climbs Back to its $6,500 “Stablecoin” Mark: BTCManager’s Week in Review

Category: Bitcoin, Business, Ethereum, News, Platform, Tech

Bitcoin Climbs Back to its $6,500 “Stablecoin” Mark: BTCManager’s Week in Review

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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South Korean Crypto Exchange Bithumb Launches a Decentralized Exchange

Category: Altcoins, Business, Exchange, News, Platform, Tech, wallet

South Korean Crypto Exchange Bithumb Launches a Decentralized Exchange

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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Crypto Exchange Bithumb Sells Stake for $354 Million to Plastic Surgeon-Led Investment Group

Category: Altcoins, Bitcoin, Ethereum, Exchange, News, Platform, Tech

Crypto Exchange Bithumb Sells Stake for $354 Million to Plastic Surgeon-Led Investment Group

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 Korean Crypto Exchange Bithumb to Purportedly Set up Decentralized Subsidy

Category: Altcoins, Bitcoin, Exchange, News

South Korean Crypto Exchange Bithumb to Purportedly Set up Decentralized Subsidy

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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$761 Million Lost to Cryptocurrency Heists in The First Six Months of 2018

Category: Altcoins, Bitcoin, Blockchain, Business, Crime, Ethereum, Finance, News

$761 Million Lost to Cryptocurrency Heists in The First Six Months of 2018

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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Korean Cryptocurrency Exchange Loses $31 Million to Hackers

Category: Altcoins, Bitcoin, Blockchain, Business, News, Tech

Korean Cryptocurrency Exchange Loses $31 Million to Hackers

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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Korean Cryptocurrency Exchange Bithumb Suffers $30 Million Hack, Covers All Losses

Category: Altcoins, Bitcoin, Blockchain, Business, Crime, News

Korean Cryptocurrency Exchange Bithumb Suffers $30 Million Hack, Covers All Losses

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

Category: Altcoins, Bitcoin, Business, News, Regulation

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

Following the tax raid on Bithumb, South Korea’s largest cryptocurrency exchange in January 2018, officials from the National Tax Service of South Korea have stated that their tax investigation of Bithumb turned up “no illegal activities such as tax evasion.” The Gangnam Raid A team of over a dozen agents from the Seoul Metropolitan Taxation office raided Bithumb headquarters in Gangnam-gu,…

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Bithumb Bans Crypto Trading In Iran, North Korea, and Nine Other Countries

Category: Altcoins, Business, Finance, News, Regulation

Bithumb Bans Crypto Trading In Iran, North Korea, and Nine Other Countries

South Korea’s largest cryptocurrency exchange, Bithumb has announced in a press release dated May 27, 2018, that it will restrict the accounts of users from 11 “high-risk jurisdictions” preventing them from taking part in digital asset trading as from June 21, 2018. The decision, which comes at a time when Bithumb is already dealing with the fallout from an existing…

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Bithumb to Join List of Cryptocurrency Exchanges With Native Tokens

Category: Altcoins, Business, Finance, News, Tech

Bithumb to Join List of Cryptocurrency Exchanges With Native Tokens

In a major development, Bithumb – one of South Korea’s largest cryptocurrency exchanges – announced its plans to issue a native digital token called Bithumb Coin later in 2018. Bithumb’s ICO Aspirations A local Bithumb subsidiary is developing the token, according to a person with close knowledge of the matter. However, the subsidiary’s details remain unknown. According to reports, the…

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