Market Analysis
Is a surging premium in South Korea a top signal or a sign that the Bitcoin rally is only getting started?
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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.
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Naver is reportedly looking to strengthen its position in the crypto industry with a potential equity stake in South Korea’s largest crypto exchange.
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Korean media has reported that Morgan Stanley is in talks with Bident — who owns a 10% of Bithumb Korea.
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South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges.
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The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering.
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Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million.
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South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country's largest cryptocurrency exchange.
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“The Woz” makes a big impression in the crypto space as his newly launched token WOZX records 26-fold gains after just five days of trading.
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Bithumb’s offline support center in Gangnam is closing down due to COVID-19.
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This one won't just be another instance of CeDeFi, the exchange reassures.
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The user claimed to have lost a massive amount of money due to Bithumb’s negligence.
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Police raids on the Bithumb offices are apparently not just FUD as more investigation reports come in.
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The plot thickens as Bithumb director’s shares are seized after he had applied for the seizure of the chairman's shares.
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Bithumb has remained quiet despite the second police raid in the course of a week.
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Bithumb legal issues do not stop in South Korea.
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