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The South Korean National Police Agency has produced a report of all hacking incidents of crypto exchanges and wallets in the country during the past three years. According to local media, there were seven hacking cases of crypto exchanges and 158 cases of wallet hacks, 91 of which happened this year. However, only six arrests … Read more
South Korea’s Bithumb, currently the world’s sixth largest crypto exchange, is launching a decentralized platform together with blockchain firm One Root Network Go to Source Powered by WPeMatico
Refund benefits for KRW 1 Billion transactions in a limited time from September 20 Bithumb, a global cryptocurrency exchange will offer overseas users an event to payback 70% of transaction fees as an expression of appreciation for their support and loyalty. Bithumb is planning to hold a ‘Cryptocurrency Transaction Fee payback promotion’ for overseas users … Read more
All the multi-billion dollar conglomerates in South Korea are involved in the local crypto market in some way, including Samsung, LG, Hyundai and Kakao Go to Source Powered by WPeMatico
Two major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won. Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more
There have been growing concerns regarding the overall cryptocurrency trading volume being manipulated. Proving such bold claims is always very difficult, as there is a serious lack of transparency on behalf of exchanges. Alex Kruger now claims that Bithumb Washtrading is real and that over $250m worth of fake volume is being traded on the … Read more
South Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been over seven months since the Korean government introduced the crypto real-name system, but only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-name ones, according to local … Read more
Bitcoin lost as much as 13 percent as the crypto market lost $40 billion. Experts weigh in, discussing various factors and the state of the market Go to Source Powered by WPeMatico
A major South Korean insurance company reportedly will start offering cryptocurrency exchanges insurance aimed at compensating for damages caused by hacking, according to local media. Currently, few crypto exchanges in the country are insured and hacking damages are not covered. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Introducing Hacking Insurance A … Read more
A trader has posted on Twitter alleging that an actor is taking advantage of Bithumb’s 120% fee payback to milk the platform of approximately $150,000 USD each day through washtrading. Also Read: Uzbekistan Legalizes Crypto Exchanges and Trading Twitter Trader Claims Bithumb’s Promotional Fee Schedule is Getting Exploited The Twitter account of Alex Kruger, a cryptocurrency … Read more