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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According to prosecutors, Lee Jeong-hoon intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations.

Former Bithumb chair faces 8-year imprisonment

Amaka Nwaokocha

2023-11-18T10:20:30+00:00

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City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government.

South Korean city to seize crypto from thousands of tax evaders: Report

2023-08-22T09:38:27+01:00

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The proposed bill would require top government officials and lawmakers to declare all personal crypto holdings over $760.

South Korea’s lead party wants crypto disclosure laws to apply earlier: Report

Tom Mitchelhill

2023-05-24T05:40:15+01:00

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The raids came as a local lawmaker stepped down from politics amid accusations of allegedly selling millions in cryptocurrency before new laws were enforced.

South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal

Savannah Fortis

2023-05-15T16:14:09+01:00

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The net is closing in on Bithumb executives as the suspected real owner of the exchange is arrested.

Bithumb owner arrested in South Korea over alleged embezzlement

2023-02-02T04:55:05+00:00

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Market Analysis

Bad news continues to dominate crypto media headlines, but Bitcoin and the broader market appear not to care.

Total crypto market cap rises above $1T — data suggests more upside is in store

2023-01-27T22:30:00+00:00

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A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange.

Bithumb ordered to pay outage damages to investors by South Korean court

Savannah Fortis

2023-01-16T10:18:18+00:00

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The former chair was under allegations of $70 million in fraud charges which were said to have occurred during the acquisition of Bithumb.

Bithumb former chair Lee Jung-Hoon acquitted in the first instance

Savannah Fortis

2023-01-03T07:23:19+00:00

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