Tag: bithumb

Jul 22 2022

Crypto Exchange FTX Explores Purchase Of South Korean Competitor Bithumb

Jul 22 2022 Published at Bitcoinist.com under tags  bithumb btcusdt crypto crypto news ftx

Per a report from TheBlock, the popular crypto exchange FTX is exploring the potential purchase of Bithumb. The South Korean platform will engross the list of the Sam Bankman Fried company's recent acquisitions....

FTX in talks to buy South Korea-based Bithumb

Jul 22 2022 Published at CryptoSlate under tags  bithumb exchanges ftx ftx.us upbit

Leading crypto exchange FTX is reportedly in talks to purchase South Korea- based Bithumb, Bloomberg News reported July 22. The two companies have reportedly been in talks for months, and there are indications of the negotiations being at an advanced stage. A Bithumb spokesperson did not confirm the development. Bithumb...

FTX Mulls Buying Top South Korean Exchange Bithumb

Jul 22 2022 Published at Crypto Briefing under tags  bithumb business ftx

Leading crypto exchange FTX is reportedly negotiating a potential acquisition of top South Korean exchange Bithumb. No deal has been confirmed as of yet. Advanced Talks Sam Bankman-Frieds crypto empire...

Sam Bankman-Fried’s FTX is Reportedly Negotiating to Buy S. Korea’s Bithumb

Summary: FTX is reportedly in talks to acquire the South-Korea based Bithumb crypto exchange. The Sam Bankman-Fried-led crypto exchange was reported to be raising funds earlier this week after carrying out a shopping and bailout spree in the last few weeks. The Sam Bankman-Fried crypto exchange FTX is reportedly in talks to acquire the South Korean platform of Bithumb. According to Bloomberg, the...

Jul 16 2022

XRP Network Sees a Sharp Rise in Trading Volume on Friday

Santiment, an on-chain analytics platform, recently highlighted a significant surge in trading activity across the XRP network. On Friday, XRP trading volume reached 18.7 billion after a major boost in activity during the late hours of the day.“XRP Network saw a major anomaly to end the week, with a rapid surge up to 18.7B in XRP trading volume in the final hour...

Jun 13 2022

South Korea’s top exchanges seek to prevent another Terra-like crash

The top five crypto exchanges in South Korea have decided to form a consultative body that will prevent a situation similar to the Terra crash from happening again, according to South Korean news outlet YNA....

May 23 2022

South Korean exchanges Bithumb, Upbit issue warnings to users concerning Litecoin

The Litecoin (LTC) blockchain's latest privacy-focused MimbleWimble upgrade has caused two of Korea's top crypto exchanges Bithumb and Upbit to issue investment cautions regarding the fifth-largest cryptocurrency. Bithumb and Upbit, which together account for the majority of South Korean trading volume, issued statements on Monday warning investors about the hazards of the privacy-enhancing upgrade. According […]

Mar 31 2022

Bithumb Korea Announces An Annual Operations Income Of $833 Million

The South Korean crypto market has marked some big winners. Bithumb, one of the country's most prominent crypto exchanges, has reported an operating profit of $645 million for the year 2021. South Korea's Bithumb's annual profit skyrockets Bithumb revealed this in its 2021 revenue report filed recently. The report also noted that Bithumb accounts for The post Bithumb Korea Announces An Annual Operations...

Jan 27 2022

Bithumb Set To Not Accept Withdrawals For Unverified Wallets

Bithumb crypto exchange will no longer accept withdrawals for unverified wallet addresses as the South Korean government has enforced a ‘travel rule’ on the cryptocurrency exchanges operating within the country. The announcement came from an official blog post published...

Gen.G Esports Signs Partnership with South Korean Bithumb Crypto Exchange

On January 26, Gen.G, a global esports organization, announced its new partnership with Bithumb, a South Korean cryptocurrency exchange.

Sep 03 2021

Bithumb Bans Foreigners Who Failed Mobile Phone Verification

The exchange is aligning its services with the requirements of the local authorities.

Aug 10 2021

Korean Banks See 140% Rise in Crypto Transaction Revenue

Aug 10 2021 Published at Coingape under tags  bitcoin news bithumb btcbrl btcbusd btcdai

Three South Korean Banks providing real-name accounts for cryptocurrency exchanges saw more than double in crypto transaction fee revenue during the second quarter filings of 2021, as compared to the first-quarter earnings. According to data received from the Financial Supervisory Service by Rep. Yoon Chang-Hyeon, a member of the National Assembly's Political Affairs Committee; K The post Korean Banks See 140% Rise in...

Aug 02 2021

South Korean Police Restarts Investigation in the Bithumb Fraud Case

It looks like the troubles for crypto exchange Bithumb aren't ending anytime soon! On Monday, August 2, the South Korean police reopened an investigation into the Bithumb fraud case involving the former chairman of the exchange. The news comes just within a month's period after top executives of Bithumb were indicted by Hong Kong regulators The post South Korean Police Restarts Investigation in...

Jul 07 2021

Thai Partner Drags Bithumb Hong Kong Subsidiaries To Civil Suit

Reports reveal that subsidiaries of Bithumb Hong Kong are facing a civil suit due to a contract breach. According to the report, a Thai firm says that Bithumb’s Hong Kong subsidiaries halted its business in Thailand. This halt led to serious business damage for the Thai firm. Korea Times reported on Tuesday that a former...

Jul 06 2021

Bithumb Hong Kong Executives Face Criminal Lawsuit

This is the second lawsuit filed by the former Thai partner of the exchange.

Jul 02 2021

Bithumb Bans Its Staff to Trade Cryptos Using Internal Accounts

The South Korean exchange already notified its staff to withdraw funds before the end of June.

Apr 27 2021

Uppsala aids Bithumb exchange fraud victim in complete recovery of stolen crypto

CryptoNinjas » Uppsala aids Bithumb exchange fraud victim in complete recovery of stolen crypto Uppsala Security, a provider of tools for crypto AML, risk management, regulatory compliance, and cybersecurity, has announced that in cooperation with Bithumb...

Mar 23 2021

OKEx Korea Shutting Down, Customers Must Withdraw Funds

OKEx Korea released a statement on Tuesday saying customers must withdraw their fiat and crypto funds before Apr. 7, at which time the exchange will shut down permanently. OKEx Closure Part of a Wider Problem The exchange did not give a reason for the sudden closure. However,...

Mar 19 2021

Morgan Stanley Bidding for South Korean Crypto Exchange Bithumb

Morgan Stanley and NYSE's parent company Intercontinental Exchange (ICE) were revealed as interested parties in acquiring South Korea's largest crypto exchange Bithumb. Morgan Stanley Takes Over Bithumb Negotiations According to a South Korean media report, the negotiation for...

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