Archive | Bithumb

Korean Exchange Bithumb Has Reserves Worth $6 Billion in 12 Cryptocurrencies

One of South Korea’s largest cryptocurrency exchanges, Bithumb, has published its first audit report, detailing its financial performance as well as crypto reserves worth approximately $6 billion kept in 12 cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space $6 Billion Worth of Coins South Korea’s second largest cryptocurrency exchange Bithumb recently released its […]

Bithumb Exchange Promotes Offline Cryptocurrency Payments in South Korea

Cryptocurrency exchange Bithumb is taking digital currencies into the ‘real world’ by promoting their use in everyday activities, such as buying goods from vending machines. This week, the exchange announced its kiosks in South Korea are accepting Bitcoin Cash. Bithumb Exchange Brings Cryptocurrencies Into The Real World Bithumb, South Korea’s largest cryptocurrency exchange with a daily trading… […]

CEO of Korean Exchange Coinnest among Four Arrested for Fraud

South Korean police have arrested four high-ranking representatives of two cryptocurrency exchanges, including Coinnest’s CEO. They were detained on arrest warrants issued after a fraud investigation, prosecutors said. The executives are accused of embezzling funds belonging to customers and may face additional charges. Also read: Three South Korean Crypto Exchanges Raided for Diverting Funds Suspects […]

Asian Cryptocurrency Trading Roundup: Top Altcoin is VeChain

FOMO Moments Markets have been pretty grim viewing over the past few days however they have started to show some signs of life during this morning’s Asian trading session. Bitcoin has remained above $7,000 and is inching towards $7,200, up 3% on the day. Ethereum is still getting crushed but most of the altcoins are… […]

South Korean Exchange Youbit Denied Insurance Claim Following December’s Devastating Cyberattack

DB Insurance — one of South Korea’s four biggest property and casualty insurers and the company that holds South Korean cryptocurrency exchange Youbit‘s policy — has denied a claim that the exchange filed after a hack in December of last year drained it of “about 17% of [its] total assets.” Youbit claimed that the insurance money, which could have added up to… […]

Bithumb and Korea Pay Services Partner to Promote Retail Use of Crypto

Bithumb has announced a new partnership with Korea Pay Services in a move meant to promote the use of cryptocurrencies for payments in retail outlets. The partnership will give Bithumb users the ability to use cryptocurrencies to make payments at offline stores. OVER 6,000 STORES TO BENEFIT Korea Pay Services is a mobile payment processor that processes […]

South Korean Exchange Paying Users to Report Illegal Crypto Schemes

The Kakao-backed cryptocurrency exchange Upbit has launched a system to reward users for identifying fraudulent multi-level schemes related to cryptocurrencies. The exchange has already identified and reported 20 such schemes to the police. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Reporting Illegal Schemes South Korea’s largest cryptocurrency exchange Upbit has invited […]

Bithumb Launching New Service to Allow Crypto Payments at 6000+ Physical Stores

One of South Korea’s largest cryptocurrency exchanges, Bithumb, is launching a new service aimed at allowing customers to pay with cryptocurrencies at over 6,000 physical stores nationwide. The exchange also recently expanded its offline support and in-person consultation service in addition to growing the online crypto payment ecosystem. Also read: Japan’s DMM Bitcoin Exchange Opens for […]