A major crypto exchange in South Korea has shut down, showing the intensity of the brutal 16-month bear market that caused a wide range of issues for crypto bus...
BitHumb News
BitHumb is one of the most popular cryptocurrency trading platforms in South Korea. The BitHumb exchange was founded by BTC Korea.com LTD company in 2013 and now is headquartered in Seoul. BitHumb is one of the leaders among the cryptocurrency trading companies in South Korea and Japan in terms of trading volume. Almost all options of BitHumb are oriented on Asian countries. Almost all popular cryptocoins are available, but the only available fiat currency there is the Korean Republic’s won. BitHumb fees for transactions are about $0.15 and don’t depend on the transaction’s amount. The platform has a difficult process of verification and other security properties. Nevertheless, the exchange was hacked in 2017 and it affected three percent of users. However, it was not a problem of security, as the access was made from a BitHumb employee’s PC.
- Analysis
- News
The CEO of Bithumb’s operator has revealed plans to expand to the U.S. and Japan.
- Follow up
Details are still sketchy after Bithumb lost $18 million due to a hack.
- News
Blockchain Exchange Alliance will use the funds to expand outreach and add extra trading pairs, the company says.
- News
Bithumb used a third-party accounting firm to assess its holdings after losing funds to what it suspects was a company insider.
- News
Bithumb confirmed that troubling market conditions spurred the losses, which come despite 17% sales growth.
- Hodler’s Digest
This week saw the hacks of several large cryptocurrency exchanges, while the SEC pushed back their BTC ETF decision.
- News
According to crypto exchange Bithumb, the exchange detected unusual withdrawal activity.
- News
by Helen Partz
American crowdfunding portal SeriesOne partnered with Polymath to enhance raising capital via its security token protocol.
- News
Major South Korean cryptocurrency exchange Bithumb is reportedly slashing up to 50 percent of its workforce.
- News
Together with Nvelop, South Korean exchange Bithumb plans to launch a regulated platform this year, according to local reports.
- News
Leading South Korean cryptocurrency exchange Bithumb follows major exchanges in opening an OTC trading desk.
- Analysis
More and more crypto companies are taking the route of a reverse IPO, but will it pay off?
- News
by Ana Berman
Sources claim that four major crypto exchanges, including Bithumb and Korbit, have opened a hotline in order to trace unusual transactions.
- Hodler’s Digest
The CBOE has withdrawn their BTC ETF rule change application, while Wyoming introduces crypto-friendly legislation.
Editor’s Choice
- Ripple to Invest Up to $50M in MoneyGram Following New Partnership
- Polish Bank Verifies Documents With Ethereum Blockchain
- Canadian Pharmacy to Track Cannabis via Blockchain in New Pilot Program
- Santander Loses Appeal Against Brazilian Crypto Exchange, Fine Upheld
- BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA: Price Analysis 17/06