Tagged: bithumb

Digital Assets: VNX Gold, VNX Euro, and VNX Swiss Introduced to South Korean Crypto Traders

VNX, a Liechtenstein-based company registered by the Liechtenstein Financial Market Authority (FMA), has partnered with Burrito Wallet, which is developed by a subsidiary of Bithumb, a Korean cryptocurrency exchange, to introduce South Korean users “to the digital assets VNX Gold, VNX Euro, and VNX Swiss… Read More

Uppsala Security and South Korean Digital Asset Exchange Bithumb Reportedly Helped Victim Recover 20M KRW from Alleged Fraud

Uppsala Security, a provider of tools for Crypto AML, Risk Management, Regulatory Compliance, and Cybersecurity revealed on Monday (April 26, 2021) that with assistance from Bithumb, one of South Korea’s leading digital asset exchanges, it has helped a victim to “recover approximately 20 million KRW”… Read More

Bitcoin ETF: Pending US BTC Exchange Traded Fund Applications include WisdomTree, VanEck, NYDIG Asset Mgmt, Skybridge, First Trust 

The researchers at Bloqport have confirmed that only a month after launch, the first-ever Bitcoin ETF has reached $1 billion CAD in assets under management or AUM (as of March 20, 2021). Just one month after launch, the first ever #Bitcoin ETF has hit $1… Read More

Bithumb Keeps Listing New Cryptos like Polkadot (DOT), Seems like Business As Usual, but it’s Being Investigated for Fraud by South Korean Authorities

It seems like business as usual at South Korea’s largest crypto exchange Bithumb, as it recently added trading support for Polkadot (DOT) tokens, which now have a market cap of more than $5.6 billion, making it one of the largest digital assets in terms of… Read More

Bithumb Launches Learning Platform Allowing Users to Earn While Learning About Cryptocurrency Investment

South Korean cryptocurrency exchange Bithumb announced on Friday it has launched a learning platform called “BG Learning.” According to Bithumb, the platform uses the capacity of new investors in the crypto community to make more informed and properly thought out decisions while making investments. The… Read More

Bithumb Debuts New Smart Token BTCS

South Korean cryptocurrency exchange Bithumb announced on Monday the launch of its new smart token, BTCS. The platform now has seven smart tokens, which are ETHS, XRPS, LTCS, BCHS, BSVS, COMPS, and BTCS. According to Bithumb, basic characteristics of the smart tokens are the following:… Read More

Bithumb Appoints Back Young Heo As New CEO

South Korean cryptocurrency exchange Bithumb announced on Monday it has appointed Back Young Heo as its new CEO. According to Bithumb, Heo joined Bithumb in 2017 as the head of compliance and prior to Bithumb, worked in traditional finance for 14 years at Citibank, CitiCapital,… Read More

Bithumb Announces Integration With Blockchain-Based Digital ID Organization MyID Alliance

South Korean cryptocurrency exchange Bithumb announced on Tuesday it has integrated with blockchain-based digital identification organization, MyID Alliance. Bithumb claims it is the first Korean virtual asset exchange to implement the distributed identification (DID) service performed by the organization. Bithumb Korea will notably participate as… Read More

BitMax Partners With Bithumb Korea to Enhance Product Platform & Accelerate Global Expansion Efforts

BitMax.io, a Singapore-registered digital asset trading platform with a global footprint, and Bithumb Korea, a South Korean-based cryptocurrency exchange, recently announced they have formed a strategic partnership to enhance product platform as well as accelerate global expansion. The companies reported that the key terms of the… Read More

South Korea’s Largest Digital Asset Exchange Bithumb Might Invest $8 Million in Country’s Regulatory Free Zone

Bithumb, South Korea’s largest digital asset exchange, might invest over $8 million into the nation’s regulatory sandbox program and ecosystem. Through its subsidiary GCX Alliance, Bithumb’s management has shown intent to invest up to 10 billion Korean won (appr. $8 million) into Korea’s regulatory free… Read More

South Korea’s National Tax Service to Withhold $70 Million in Taxes from Leading Crypto Exchange Bithumb

The National Tax Service (NTS) of South Korea confirmed that it will be withholding taxes worth an estimated 80.3 billion Korean won (appr. $70 million) from Bithumb, the nation’s largest digital asset trading platform. Bithumb Holdings’ largest shareholder, Vidente, which operates Bithumb’s Korea division, confirmed… Read More

Bithumb Makes Changes to Mobile App to Improve Transaction Convenience

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Korean cryptocurrency exchange Bithumb announced on Wednesday it has restructured its mobile web and app to allow users to make transactions with more convenient. Bithumb reported that the purpose of the restructuring was to improve transaction accessibility and to strengthen usage convenience, and it now… Read More

Bithumb Global Announces Plans to Launch in India

Bithumb Global, the global platform for Bithumb, a South Korea- based digital asset exchange, has announced its plans of coming to India. Bithumb reported that it will now onboard Indian customers with a sign-up incentive along with the opportunity for Indian exchanges to become a… Read More

Bithumb Announces Launch of New Global Cryptocurrency Exchange

Bithumb announced on Monday the launch of its new global cryptocurrency exchange. According to Bithumb, the exchange will be incorporating multiple fiat currency trading pairs, as well as perpetual futures trading, with leverage up to 100 times. Bithumb explained: “The Open Beta version allows users… Read More

Back Door to Legitimacy or Exit Move? Crypto Businesses Using Shortcuts to IPOs

According to Reuters, crypto-exchange software maker ANX International purchased a controlling stake in Hong Kong-listed marketing firm Branding China last year, and said that the company’s new status as a publicly-traded company granted clients, “additional confidence in knowing we are a credible company and here… Read More

E-Cash Laws Do Not Apply: Korean Courts Find Bithumb Crypto Exchange Not Responsible for Customer Funds Lost in Hack

The Jury by John Morgan Trial Court Judge Law

The importance of storing one’s cryptocurrency safely was highlighted in South Korea this week when a court there decided that Korean crypto exchange Bithumb is not liable for customer funds hacked from an account there, Han Kyung reports. According to the outlet, an investor with… Read More

Bithumb Celebrates Fifth Anniversary

The global cryptocurrency stock exchange Bithumb announced on Friday it is holding its third commemorative event in celebration of its fifth anniversary. The platform reported that the ‘Super Airdrop Festival’ event has two parts, the Login Event, and Air Drop Event, and is open to anyone who is… Read More

Bithumb Adds Bezant to Cryptocurrency Exchange

Bezant Foundation announced on Thursday its key currency Bezant (BZNT) of its blockchain platform will be listed on South Korea-based cryptocurrency exchange, Bithumb. Wallets are officially opened and the token is available for trading. Bezant describes itself as a Blockchain as a Service (BaaS) that aims to… Read More

seriesOne Announces Joint Venture With Global Crypto Exchange Bithumb

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seriesOne, a blockchain based fintech firm, announced on Thursday it has formed a new partnership with global crypto exchange Bithumb. seriesOne reported that under the terms of the agreement, it and Bithumb will form a joint venture intended to create a new exchange in the U.S. that… Read More

South Korean Cryptocurrency Bithumb Holds Event to Payback 70% of Transaction Fees For Overseas Users

On Monday, South Korean-based cryptocurrency exchange platform Bithumb announced it payback 70% of transaction fees for overseas users to show appreciation for the users’ support and loyalty. According to the platform, this event, Cryptocurrency Transaction Fee payback promotion, is being held from October 22nd to November 21st and… Read More

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