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Tag Archives: Bithumb

Roundup – 11/12/2018 – Bitmain Shuts Down Development Center in Israel & more

Bitmain Shuts Down Development Center in Israel Bitmain has to shut-down its development center in Ra’anana, Israel. The center opened just this year. However, the current bear market and the, so far, negative consequences of the hash war for the Bitcoin Cash ABC faction have led to this harsh decision. So far, it is not […]

Bithumb To Offer Democratic Voting Platform, Pickthumb, For Vetting New Tokens

Some Crypto exchange users have been raising concerns about the listing of dubious and questionable Digital Assets in some platforms. It is critical to note that listing of unpopular Cryptos can not only threaten the integrity of a network but also expose investors to a myriad of risks such as closure by authorities, bad reputation, […]

Roundup – 07/12/2018 Bithumb Overtakes Binance as Korean Won Dominates the Market & more

Bithumb Overtakes Binance as Korean Won Dominates the Market The monthly report of the crypto market analyzer Cryptocompare for November has many intereting insights on the cryptomarket. An interesting development is the fact that Bithumb overtook Binance in November as the largest exchange by volume. It is very likely that this is only a temporary […]

Daily Roundup: 16th July 2018

Chilean Court backs Orionx as it declares banks closing of accounts illegal The Fourth Chamber of the Court of Appeals of Santiago ruled that the Banco Estado has to reopen OrionX’s bank accounts. The state-owned Bank acted on its own authority and a mix of interests seems to be the reason why the Bank tries […]

12 Out of 14 Korean Crypto Exchanges Pass KBA-Led Inspection

Although the self-regulatory assessment of South Korean Crypto exchanges has been accomplished, only 14 out of 23 exchanges took part in the exercise. 12 out of the 14 participants met the self-regulatory standards. This is in spite of security flaws, forcing many to question the effectiveness of the inspection. KBA Says 12 Exchanges Are Ok […]

South Korean Government Blamed For Not Doing Enough To Control Crypto Exchange Hacks

The South Korean government is not doing enough to fight Cryptocurrency exchange hacks in the country according to some critics. Three exchanges that had already gone through the government’s inspection have so far lost almost $1 billion to hackers. Meanwhile, Upbit, one of the largest exchanges in the country has dismissed rumors that its system […]

Korean Banks Fail Crypto Exchanges In The War Against Money Laundering

Major Crypto Exchanges in South Korea are voluntarily complying with the government’s anti-money laundering (AML) oversight. However, Korean banks have been blamed for lagging behind in this war. The country is on the way to improving its Crypto-related AML measures with their American counterparts. The Banks’ Effort To Comply With AML Measures Not Enough The […]

South Korea’s Bithumb To Restrict Its Use In 11 Countries

In the wake of an increase in money laundering through Cryptocurrency, Bithumb has announced the revision of its internal regulation to limit its use in some countries. According to a statement from the company, the decision to block the 11 members from Non-Cooperative Countries and Territories (NCCT) countries will be done with the aim of […]