Bithumb

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Korean Court Rules in Favor of Cryptocurrency Exchange Against Bank

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A South Korean district court has ruled that Nonghyup Bank, a major bank in the country, cannot block transactions to the account of cryptocurrency exchange Coinis based solely on the government’s anti-money laundering guidelines. This is reportedly the first time a Korean crypto exchange has taken legal action against a bank for blocking its transactions. … Read more

PR: Bithumb to Hold Payback 70% of Transaction Fee for Overseas Users

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Bithumb, a global cryptocurrency exchange holds an event to payback 70% of transaction fees for overseas users as an expression of appreciation for their support and loyalty following the last month. ‘Cryptocurrency Transaction Fee payback promotion’ holds from October 22 to November 21, 2018 (GMT +9) Korean Standard Time. The event is for the overseas … Read more

PR: Bithumb to Hold Special Promotion for New Registered Foreign Users

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Bithumb to Hold ‘Special Promotion’ for New Registered Foreign Users Provide benefits for KRW 20 Million transactions with new registration during event period Bithumb, a global cryptocurrency exchange will offer a new registration event to global users who newly join and start making cryptocurrency tranactions. Bithumb is planning to hold a ‘New Registration Event’ for … Read more

South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium

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The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb. Also read: 160 Crypto Exchanges Seek to Enter … Read more

Bitcoin Price Watch: Currency Is Trapped Between Altcoins and Stocks

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At press time, the father of cryptocurrency is remaining in the $6,200 range. The price is down by roughly $300 since Wednesday, when bitcoin had seemingly found longstanding comfort in the $6,500 range. Bitcoin had remained here for several days, though the latest fall was probably to be expected considering the recent (and hefty) drop … Read more

Recently Hacked Bitcoin Exchange Bithumb Gets Sold for $353m

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Cryptocurrency exchanges play an increasing role of importance in this growing industry. Not all exchanges have an unblemished record, as Bithumb suffered from a hack not that long ago. Despite this setback, the company is coming under new management. BK Global Consortium successfully purchased the platform and its technology for the price of $353m. Bithumb … Read more