Korea’s Biggest Bitcoin Exchange Embarks on a Major Challenge – India

Bithumb, South Korea’s largest bitcoin exchange alongside UPbit, is trying to convince the government of India to allow cryptocurrency trading. Javier Sim, co-founder and managing director of Bithumb, said that the company is planning to expand into the Indian cryptocurrency market through local partnerships, funding cryptocurrency startups in the region. In remarks reported by Indian …

South Korea’s Top Crypto Exchange Launches OTC, is There Real Demand From Institutions?

Bithumb, South Korea’s largest Bitcoin exchange by trading volume, has launched an over-the-counter (OTC) trading platform that will allow deep-pocketed traders to exchange crypto assets off the books. In an official announcement, Bithumb Global Limited, a Hong Kong-based subsidiary of the South Korean exchange, said that it will cater services to institutional clients under the …

Korea’s 2nd Biggest Crypto Exchange Bithumb is Also Launching a DEX

Perhaps inspired by the world’s largest cryptocurrency exchange Binance to launch a decentralized exchange (DEX) by 2019, Bithumb, a major digital asset trading platform in South Korea, has announced its plans to operate a DEX in the months to come. Bithumb DEX, which is expected to target the global cryptocurrency market, will be launched under …

How the Recent $60m Crypto Hacking Attack Will Impact Japanese Market

Zaif, a major crypto exchange in Japan, was hacked this week, losing nearly $60 million in user funds in a high profile security breach. Local publications including Japan Times reported that 6.7 billion yen was stolen by an unknown group of hackers, 2.2 billion yen in corporate funds and 4.5 billion yen in user funds …

Most Complex dApp on Ethereum Already Has Millions of Dollars at Stake

Augur, which its co-founder Joey Krug previously described as the most complex decentralized application (dApp) on the Ethereum blockchain, has surpassed a million dollars at stake and demonstrated a rapid growth rate over the past few weeks. Future of Decentralized Betting In essence, Augur is a decentralized betting platform that exists on the Ethereum network. …

Bithumb Hack Prevents Corrective Cryptocurrency Rally, Market Drops

South Korea’s biggest cryptocurrency exchange Bithumb experienced a hacking attack that led to a $30 million loss on June 20, leading the cryptocurrency market to drop by $6 billion within hours. Major cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Bitcoin Cash, which successfully picked up some momentum throughout June 17 to 19, ended their corrective …

Bitcoin, Ethereum Prices Drop 3% in Sluggish Crypto Market: Factors and Trends

Join our community of 10 000 traders on Hacked.com for just $39 per month. Over the past 24 hours, the valuation of the cryptocurrency market has dropped from $390 to $373 billion, by more than $17 billion. The bitcoin price dipped below $8,300 and the value of Ether, the native cryptocurrency of the Ethereum network, …

Major Cryptocurrencies Record Strong Gains, Ethereum up 7%

Join our community of 10 000 traders on Hacked.com for just $39 per month. The cryptocurrency market has recorded strong gains once again over the past 24 hours, as the valuation of the market broke the $440 billion, moving one step closer to the $0.5 trillion region. Bitcoin, Ethereum, Cardano, Bitcoin Cash, and other major …

South Korea’s Biggest Cryptocurrency Exchange Made 171x Revenue

Join our community of 10 000 traders on Hacked.com for just $39 per month. Bithumb, South Korea’s largest cryptocurrency-to-fiat exchange, has increased its revenue 171-fold in 2017. Exponential Growth BTCKorea, the parent company of Bithumb, is a public company that is being traded on South Korea’s stock exchange KRX. It is required to publicly release …