#bithumb

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Bithumb Toughens Its Approach To AML Enforcement With New Measures

Crypto News Point

Mar 10, 2021
2 min

Bithumb Toughens Its Approach To AML Enforcement With New Measures

Bithumb, the South Korean cryptocurrency exchange, is toughening its approach to Anti-Money Laundering (AML) enforcement with a series of new measures that include trading restrictions, stronger Know Your Customer (KYC) checks, and specialized blockchain intelligence solutions. It has been reported that the popular exchange, which has an estimated average of 1 million daily users and a daily transaction volume worth 5–7 billion ($4.4–6.2 million), had a troubled 2020 beset by

Report: South Korean Gaming Conglomerate Nexon Will Not Be Acquiring Bithumb

Crypto News Point

Jan 12, 2021
1 min

Report: South Korean Gaming Conglomerate Nexon Will Not Be Acquiring Bithumb

Report said that Nexon, the major South Korean gaming conglomerate, will not be acquiring the leading South Korean crypto exchange Bithumb. It has been reported that a representative for Nexon said that the firm “has not invested in Bithumb and has no plans to acquire that company.” However, the representative clarified that claims to the contrary resulted from “an inaccurate news account last week.” The representative added: “We cannot comment on the investment plans of othe

Top Digital Exchange Bithumb Lists CyberVein Native Token CVT

Crypto News Point

Dec 13, 2020
2 min

Top Digital Exchange Bithumb Lists CyberVein Native Token CVT

CyberVein, the next generation big data and analytics company, has announced a major breakthrough in its listing strategy. CyberVein’s native token CVT will be traded on South Korea’s oldest and largest digital asset exchange platform, Bithumb. Bithumb was established in 2014 and now offers hundreds of trading pairs. With daily trading volumes exceeding $500,000,000, the South Korean exchange firmly occupies the sixth place on CoinMarketCap’s exchanges list. The CVT being lis

Bithumb To Close Some Of Its Offices Due To The Ongoing COVID-19 Pandemic

Crypto News Point

Nov 24, 2020
1 min

Bithumb To Close Some Of Its Offices Due To The Ongoing COVID-19 Pandemic

Bithumb, the major cryptocurrency exchange in South Korea, has planned to close some of its offices due to the ongoing COVID-19 pandemic. It has been reported that Bithumb will be temporarily suspending its offline support center in Gangnam to prevent the spread of COVID-19. However, the firm noted that the number of domestic confirmed cases of the coronavirus disease has increased, causing local authorities to adopt more preventive measures. The report said that Bithumb’s su

Seoul Police Raids South Korea’s Crypto Exchange Bithumb

Crypto News Point

Sep 2, 2020
1 min

Seoul Police Raids South Korea’s Crypto Exchange Bithumb

Seoul police have reportedly raided Bithumb, the largest cryptocurrency exchange in South Korea. It has been reported by the local publication Seoul Shinmun that an intelligence crime unit at the Seoul Metropolitan Police Agency has reportedly conducted search and seizure investigations at Bithumb’s office in the Gangnam District. However, the latest checks are purportedly connected with an ongoing police investigation involving Lee Jung Hoon, the Chairman of Board at Bithumb

Crypto Exchange Bithumb To Reportedly File For IPO In South Korea

Crypto News Point

Jun 26, 2020
1 min

Crypto Exchange Bithumb To Reportedly File For IPO In South Korea

Major South Korean cryptocurrency exchange Bithumb is planning to hold an initial public offering (IPO) in South Korea. On June 24, MoneyToday reported that Bithumb Korea, the trading platform’s operator, has begun preparing for a stock market launch, tapping Samsung Securities as its underwriter. [단독] 빗썸, '가상통화도 과세' 정부 방침에 IPO 추진https://t.co/vmVzT9crk0 — 머니투데이 (@moneytodaynews) June 24, 2020 Bithumb is reportedly facing a number of potential obstacles (recent crypto taxatio

Bithumb Global Rolls Out Margin Trading With 5X Leverage For Bitcoin And Ether Trading Pairs With Te

Crypto News Point

Apr 4, 2020
2 min

Bithumb Global Rolls Out Margin Trading With 5X Leverage For Bitcoin And Ether Trading Pairs With Te

Bithumb Global, the international platform of South Korea’s top crypto exchange, has rolled out margin trading with 5x leverage for Bitcoin (BTC) and Ether (ETH) trading pairs with Tether (USDT). #Bithumb #Global, the international #platform of #South #Korea’s #top #crypto #exchange, has rolled out margin #trading with 5x leverage for #Bitcoin (#BTC) and #Ether (#ETH),https://t.co/8vS84AkwLX#Rakamoto #FridayThoughts #Blockchain #Crypto #Bitcoin #Digital #Money #Coins — Blockc

Bithumb Partners With Chainalysis After The Passing Of New Korean Crypto Regulations

Crypto News Point

Mar 12, 2020
2 min

Bithumb Partners With Chainalysis After The Passing Of New Korean Crypto Regulations

Bithumb, the major South Korean cryptocurrency exchange, announced that it has partnered with Chainalysis, the crypto forensics firm, following the passing of new Korean crypto regulations on March 10, 2020. @Cointelegraph Bithumb makes moves to comply with upcoming crypto legislation in South Korea. https://t.co/lTQsz0p2LP pic.twitter.com/QR2p04z9jR — AmaZix Official (@AmaZixOfficial) March 11, 2020 It has been reported that Bithumb will employ Chainalysis’s “Reactor” inves

Cryptocurrency Platforms Bithumb, BitMax Announces Partnership

Crypto News Point

Feb 18, 2020
1 min

Cryptocurrency Platforms Bithumb, BitMax Announces Partnership

Major South Korean cryptocurrency exchange Bithumb has partnered with Singaporean crypto trading platform BitMax to jointly develop new services and products. On Feb. 17 a blog post by Bithumb Official stated the two companies have signed a Memorandum of Understanding (MoU) to bring their forces together to build new services and strengthen their competitiveness in the global market. https://t.co/ZgbxdXzvT8 and Bithumb Korea are pleased to announce a strategic global partners

Bithumb Takes Korea’s Tax Authority To Court Over A ‘Groundless’ Tax Imposed On The Exchange

Crypto News Point

Jan 20, 2020
3 min

Bithumb Takes Korea’s Tax Authority To Court Over A ‘Groundless’ Tax Imposed On The Exchange

Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. https://t.co/JVCbBKz2tL #bitcoin — Jeromy Rothen(₿)erg (@CryptoCoach_J) January 17, 2020 Expert

Bithumb Could Invest Over $8M Into South Korea’s Regulatory Sandbox

Crypto News Point

Jan 11, 2020
1 min

Bithumb Could Invest Over $8M Into South Korea’s Regulatory Sandbox

Crypto exchange Bithumb could invest more than $8 million into South Korea’s regulatory sandbox. On Jan. 9 a report from Seoul stated that Bithumb has shown intent to put 10 billion won ($8 million) into South Korea’s “regulatory free zone” in Busan Via its daughter company GCX Alliance. Investment In Regulation Free Zone South Korea’s second-largest city, Busan, has been the subject of prior headlines for its status as a deregulated outpost and for its desire to create a dig

Highly anticipated “Bithumb Coin” officially announced by Bithumb Global

Crypto News Point

Nov 14, 2019
3 min

Highly anticipated “Bithumb Coin” officially announced by Bithumb Global

Bangalore, November 12, 2019 – Bithumb Global, the leading digital asset exchange in the world, announces the highly anticipated crypto asset, Bithumb Coin (BT), which is the native token for the recently announced Bithumb Chain. Bithumb Global announces the release of their native token titled “Bithumb Coin” which will hold the ticker name, $BT. The token allows transactions within Bithumb Chain which enables a plethora of different use-cases. Bithumb Chain is built by firs

Bithumb Family Integrates Value into Blockchain with Bithumb Chain

Crypto News Point

Nov 7, 2019
3 min

Bithumb Family Integrates Value into Blockchain with Bithumb Chain

Bangalore, Nov 7, 2019 – Bithumb Global, one of the five largest bitcoin exchanges in the world, announced their new initiatives- the Bithumb Chain at their first Bithumb Family Conference in Seoul today. Bithumb Family as a concept made its debut at the event, as well as Bithumb Chain and the mechanism between the two. The CEO of Bithumb provided a keynote speech, which was followed by an explainer about Bithumb Family. Ushering in the new initiative of Bithumb Global was Su

Report: Bithumb Global to Launch Regulated Crypto Exchange in India

Crypto News Point

Oct 4, 2019
2 min

Report: Bithumb Global to Launch Regulated Crypto Exchange in India

Bithumb Global, the international platform of South Korean exchange Bithumb is looking to expand a regulated crypto exchange in India. On Oct 3rd, local media outlet, The Economic Times reported that Bithumb is looking to launch in India by partnering with local crypto exchanges, working on new industry initiatives while funding for local blockchain startups. Co-founder and managing director at Bithumb Global, Javier Sim said that they are willing to engage with Indian regula

Unconfirmed: Bithumb Acquisition Deal Might be ‘Off’

Crypto News Point

Sep 30, 2019
2 min

Unconfirmed: Bithumb Acquisition Deal Might be ‘Off’

South Korean Crypto Exchange Bithumb might be acquired by overseas investors due to alleged difficulties with payments in its acquisition. BK Global Consortium, headed by one of South Korea’s lead plastic surgeons closed a deal in Oct 2018 to acquire 50% plus one share of BTC Holding Co. However, on Sept 30th, local news agency, Yonhap reported that BK Global is now expected to default on the payments for the deal, ‘having struggled with even the initial down payment of $100

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