It would appear the cryptocurrency exchange industry is far from drama-free at this time. Although there are numerous companies operating without problems, the same cannot be said for Bithumb. Once South Korea’s largest exchange, it has now become a seemingly prone target for hackers and criminals. The company confirmed a […]
Tag: Bithumb
Bitcoin Rebounds to Reclaim $3,400 as Report Reveals Bithumb’s Involvement
Just a day after it hit a record low for the year, Bitcoin has rebounded to reclaim the $3,400 level. The currency gained 4.5 percent to trade at $3,432 just hours after it hit lows of $3,280 on some markets like Coinbase Pro and Bitstamp. At press time, Bitcoin had […]
Verge Price Drops by 16% Following Bithumb Listing
It has been an interesting week for Verge holders. After a major price increase earlier this week, the altcoin has been hit with a pretty steep correction. More specifically, this seems to be a wave of people selling while taking profits, although the overall ongoing bearish momentum isn’t helping XVG […]
Bitcoin Price Watch: Currency Is Trapped Between Altcoins and Stocks
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 […]
Recently Hacked Bitcoin Exchange Bithumb Gets Sold for $353m
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 […]
Bithumb Washtrading, Is It Real?
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 […]
Bithumb Resumes Deposits, Influx of Capital Expected
Bithumb, South Korea’s biggest crypto exchange as of May, is officially resuming deposits and withdrawals on August 4, after a month of freezing the platform. Potential Impact of Restoration of Bithumb’s Operations In June, Bithumb experienced a $40 million hacking attack which led to the loss of investors’ funds, falling […]
Bitcoin Price Watch: Currency Drops Another $200
At press time, the father of cryptocurrency has fallen by another $200, and is trading for roughly $7,650. Most analysts believe that bitcoin’s alleged recovery is at an end for the time being, as the currency has dropped by nearly $700 since the weekend. Prior, bitcoin had been trading for […]
Bithumb Recovers Nearly Half of its Stolen Funds Thanks to Other Exchanges
Bithumb is one of the largest cryptocurrency exchanges in the world. Its status has attracted a lot of unwanted attention from criminals, culminating in a $31 million hack earlier this month. The company has been working on recovering the money and scored some initial success in this regard. The Bithumb […]
Sixth-Largest Crypto Exchange Bithumb Hacked, $30 Million Lost
The world’s sixth-largest cryptocurrency exchange, Bithumb, was hacked and approximately $30 million worth of cryptocurrencies were stolen. The exchange broke the news of the hack via Twitter, where it also informed its users that it was changing its wallet system due to safety concerns. This isn’t the first time that […]
Bitcoin Price Watch: Currency Still at $6,700
Bitcoin is not changing. This is both a negative and a positive sign. $6,700 is nothing to be particularly pleased about considering the currency was trading in the $7,000, $8,000 and even $9,000 ranges over the past two months, yet we can’t help but feel a little relieved that bitcoin […]
Bitcoin Price Watch: Currency is Unmoving at $6,700
At press time, the father of cryptocurrencies has not moved and remains at $6,700, which is where it has been for several days, now. This is both good and bad in a sense. On one hand, bitcoin refusing to grow in price or get any larger is never a good […]
Investors Concerned About Dozens of New Crypto Exchanges in Korea as Hacks Emerge
This week, Hankyung, a major mainstream media outlet in South Korea, reported that dozens of new cryptocurrency exchanges are set to launch in the country in the next few months with a primary focus on integrating new digital assets. Integration First, Security Second Over the past three months, Huobi Korea, […]
South Korea’s National Tax Service Clears Bithumb of Tax Evasion Charges
There have been some concerns regarding the Bithumb exchange over the past few weeks. An official investigation was launched by South Korean officials regarding the firm potentially engaging in tax evasion. It now appears the company has been cleared of all charges, which means business will carry on as usual […]