Why did Upbit and Bithumb just delist Litecoin?
The move comes after the activation of the privacy feature MimbleWimble and brings the total number of digital currency exchanges that have delisted Litecoin to five, including Upbit and Bithumb.
The move comes after the activation of the privacy feature MimbleWimble and brings the total number of digital currency exchanges that have delisted Litecoin to five, including Upbit and Bithumb.
Bithumb exchange will reportedly ban foreign users who fail to verify their identity through a mobile phone as South Korea’s AML laws bite harder.
Prosecutors in Seoul have indicted former chairman of Bithumb Holdings Lee Jung-hoon on fraud charges, while a former partner involved with plans to set up a subsidiary exchange in Thailand is suing Bithumb's HK entities.
In addition to the alleged ICO fraud, Lee Jung-hoon is also under investigation for alleged fraud, tax evasion and transferring assets out of South Korea irregularly, authorities said.
South Korea’s biggest internet company Naver has joined the race to acquire a stake in Bithumb digital currency exchange.
The new measures include enhanced Know-Your-Customer verification processes, as well as the introduction of new specialized blockchain intelligence technologies.
Bithumb, considered to be one of the top digital currency exchanges in South Korea, is giving away free Bitcoin SV as part of its 7th anniversary celebrations.
Korean-Japanese video game publisher Nexon has signed a memorandum of understanding with Bithumb to buy the exchange for $460 million.
The South Korean exchange cited the increasing COVID-19 infections and more stringent social distancing rules as the reasons for closure.
Bithumb shareholders are reportedly open to the idea, which would see Huobi carrying on the business of Bithumb in South Korea after the implementation of new digital currency laws in the country.
The investor had taken Bithumb exchange to court in connection with the losses, which he alleges were the result of a 2017 data breach.
The Bithumb exchange is for sale. According to officials, Bithumb is selling their exchange because investors are trying to recover their investment.