The cryptocurrency of Israeli blockchain project ORBS, which has cooperated with South Korean companies such as Kakao, Samsung SDS and YES24, is planned to be listed on Bithumb. The date of listing is yet to be determined. ORBS is planning to issue its cryptocurrency on March 28 with mainnet launchi
Blockchain companies are entering the payment market, applying cryptocurrencies to so-called simple payment systems that allow people to pay without credit cards or cash.A recent report from Chain Partners, a Korean cryptographic investment company, notes that the Japanese government is expected to
Bithumb, the biggest cryptocurrency exchange in South Korea, has been excluded from a global cryptocurrency exchange ranking on the grounds that it is highballing its transaction volume.Bithumb is suspected of generating a considerable amount of transactions through promotion events in which it retu
Korean cryptocurrency exchange Bithumb will make a foray into the United States where Bitcoin originated.Bithumb announced on Nov. 1 that it has signed a contract with U.S.-based fintech company seriesOne to establish a securities-type token exchange, a kind of cryptocurrency exchange, next year.Sec
Bithumb, a Korean virtual currency exchange, announced on Dec. 16 that Bithumb DEX, a decentralized exchange, has started official service.Bithumb DEX is characterized by high security and transparency because all transactions are done on a blockchain platform, according to Bithumb. The new exchange
Bithumb, a major Korean virtual currency exchange, has been sold to BK Global Consortium based in Singapore for about 400 billion won ($352.5 million).According to financial industry sources on Oct. 12, BK Global Consortium signed a contract with BTC Korea Holdings on Oct. 1 to purchase 50 percent p
Bithumb, one of South Korea's biggest cryptocurrency exchanges, will open a new cryptocurrency exchange to target the global market, the company announced on Oct. 3This is part of its plans to take the lead in the global cryptocurrency market through overseas expansion as there are a lot of diff
Bithumb, one of South Korea's four biggest cryptocurrency exchanges, will stop issuing new virtual accounts from August as it has failed to renew a contract with NH Nonghyup Bank.According to investment banking (IB) industry sources on July 31, Bithumb has decided to temporarily stop issuing new
Due to the recent series of cyber attacks, cryptocurrency exchanges are having a hard time taking out an insurnace policy. The prospects of “group negotiations” with insurers pursued by the association of exchanges for its members are still remote.According to the Korea Blockchain Association and in
Bithumb, the largest virtual currency exchange in Korea, announced on June 20 that it has suffered damage from hacking. Bithumb said 35 billion won (US$31 million) worth of virtual money was stolen, including Ripple.The announcement fueled disbelief in the domestic cryptocurrency trading industry as
Top South Korean cryptocurrency exchange Bithumb has withdrawn its plan to list a new cryptocurrency following a backlash from investors over suspicious business ties.Bithumb announced plans to list a new blockchain platform Popchain (PCH) on its official website on May 15, but it postponed the sche