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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
Most of us probably don’t have the highest opinion about Venezuela due to all of the bad press we have heard about the place over the years. However; the country has put a large number of their national assets into a token they hope will become all the rage, but will the world be willing … Read more
Japanese crypto exchange Zaif has concluded a business transfer agreement with another regulated crypto exchange in Japan. Fisco Cryptocurrency Exchange will take over all of Zaif’s services and will be responsible for repaying users who lost their coins when Zaif was hacked last month. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more
Cryptocurrency exchanges often remove coins and trading pairs when they become less profitable to offer. In the case of Bittrex, it has become a revolving door of currencies being added and removed. In a first, the company has decided to re-list a previously removed currency in the form of Metal. An intriguing precedent, albeit one … Read more
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
The largest crypto exchange in South Korea by trading volume, Bithumb, has launched two cryptocurrency market indices. One tracks all coins listed on the exchange while the other tracks only altcoins. Meanwhile, Upbit, the country’s largest crypto exchange by the number of coins listed, has two similar indices and sub-indices divided into three broad categories. … Read more
Kubitx, a Pan-African financial technology startup registered in Malta, announced the beta launch of its new cryptocurrency exchange on Thursday. The platform, which supports six digital coins, including BCH and BTC, will initially be available to users in Nigeria, before the company expands it to other African countries in the coming months. Also read: Billion-Dollar Startups … Read more
Cryptocurrencies do not pose a threat to global financial stability, but the diverse range of national regulatory regimes throughout the world continues to complicate efforts to establish an international legislative framework overseeing their use, the Financial Stability Board says in a new report. Also Read: Billion-Dollar Startups Flourishing in Switzerland’s ‘Crypto Valley’ Report Advocates ‘Vigilant Monitoring’ In a … Read more
After several weeks of successfully maintaining a relatively stable value, it seems the Dogecoin fairy tale is coming to an end once again. Similar to all other altcoins, DOGE is getting battered and then some. Even though the currency is still trying to cling to the $0.005 level, it seems that will not hold for … Read more
The cryptocurrency industry is prone to pump-and-dump schemes for quite some time now. This tends to happen with small-cap altcoins on a regular basis. Things get a lot more confusing when exchanges publicly announce they will pump specific coins as well. It is unclear what YoBit is thinking at this point. YoBit’s Pumping Plans The … Read more