Bithumb assures crypto ‘assets are safe’ amid $13M EOS hack
South Korean cryptocurrency exchange Bithumb is assuring investors that their funds are safe after a hack that reportedly led to the loss of 3 million EOS worth $13 million.
Latest Bithumb News
Bithumb to lay off over 50% of its staff
Bithumb announced on March 19 that it will be laying off 160 of its employees, due to a lack of trade volume.
Bithumb to launch new crypto exchange in UAE
South Korean crypto exchange Bithumb is to launch a new exchange in the United Arab Emirates (UAE) following a partnership with blockchain VC firm Nvelop.
Bithumb could go public in the US
The controlling backer of Bithumb, Singapore-based holding company “BTHMB,” is going to acquire a public company in the U.S., which would allow it to be listed on a U.S.-based stock exchange.
Bithumb ‘not responsible’ for compensating $335K hack victim, says court
South Korean cryptocurrency exchange Bithumb has escaped without liability following legal action brought by a victim of a $335,000 hack on the platform, in a landmark ruling for the cryptocurrency sector.
Is Bithumb faking 94% of trading activity?
An expose by crypto exchange rating service CER has found that as much as 94% of the trading volumes on Bithumb had been faked, with the practice first dating back to the summer of this year.
Bithumb launches crypto indices as new partner gets onboard
This week, the South Korean cryptocurrency exchange opened Bithumb Crypto Index (BTCI), and then found itself a new major stakeholder—Singaporean consortium BK Global.
South Korea’s Bithumb to launch decentralized exchange
Bithumb DEX will target global cryptocurrency markets, and is being developed in partnership with One Root Network, which has already pioneered its own DEX which launched earlier this year.
South Korea says crypto exchanges aren’t venture firms, increases taxes
The proposal for blockchain industry, as well as cryptocurrency exchanges, that would see entities in the spaces be permanently added to the government’s official list of certified venture firms has now been shot down.
Fiat withdrawals in South Korean exchanges for verified accounts only
Two of the biggest cryptocurrency exchanges in South Korea are requiring accounts to provide real names before allowing withdrawals in Korean won.
South Korean banks withdraws services to anonymous crypto accounts
Representatives from the South Korean banking industry have said they will limit services to cryptocurrency traders who haven’t converted to real-name accounts, in a move designed to shake up the 50 to 60% of accounts that still remain unverified.
South Korea’s Bithumb exchange to restart user registrations
Bithumb will reportedly resume offering services to new accounts from as early as this week, following confirmation of a partnership with NH Bank which will lift the restrictions on the firm.