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Bithumb Employee Found Guilty of Security Failings that Led to Hack
13.2.2020
A court in South Korea has found a senior employee at crypto exchange Bithumb guilty of breaches of internet security law. The judge stated that the employee’s actions led to a 2017 hack that saw a raider make off with the personal information of 31,000 customers – and also found the exchange’s...
Bithumb Global Kickstarts EXE Grand Prize Pool Event for Investors
10.2.2020
Serving the crypto community with its world-class exchange services, Bithumb Global is all set to thrill its investors with its new exciting event named, 150,000 EXE Grand Prize Pool. With a view to celebrating the auspicious listing of 8×8 Protocol Solution’s highly acclaimed EXE token on...
Bithumb Global To List $EXE; Issues New Trading Pair
7.2.2020
With an official Twitter post, the globally acclaimed crypto exchange, and trading portal, Bithumb Global has announced the news about its plans of listing 8×8 Protocol platform’s $EXE token on its network. The latest addition to the exchange network will help the investors to indulge...
Bitpay Users Can Now Purchase Crypto With Fiat In-App
25.1.2020
On January 23, the cryptocurrency payment firm Bitpay announced it will be allowing customers to purchase digital assets using the Bitpay platform. The Atlanta-based company partnered with fiat-to-crypto payment processor Simplex to offer the crypto purchasing experience. Bitpay says the latest...
Crypto Exchange Bithumb Takes Korean Tax Authority to Court Over $69 Million ‘Groundless’ Tax
17.1.2020
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. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply...
Bithumb Cryptocurrency Exchange Goes to Court Over $69M Tax Bill
16.1.2020
Bithumb crypto exchange is taking South Korean tax officials to court over a $69 million tax bill
Bithumb Exchange Fighting Back Against ‘Groundless’ $69M Tax Bill
16.1.2020
The South Korea-based exchange is fighting a move by the country's tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions
Bithumb Uses Blockchain Technology for its Several Operations
16.1.2020
Bithumb is a digital economic platform and financial ecosystem comprising of people, organizations, and enterprises in both the traditional finance and blockchain industry. It is developing a blockchain ecosystem with partners from around the globe, including three cryptocurrency exchanges,...
Bithumb’s Biggest Shareholder Pulls Plug on Lawsuit
15.1.2020
In a dramatic turnaround, the largest single shareholder of South Korean crypto exchange Bithumb has pulled out of a lawsuit that could have threatened the very existence of the domestic market-leading platform.
Vidente, which in November last year sealed a deal to purchase a 34.24% stake...
Bithumb Pledges $8M to South Korea’s ‘Regulation-Free’ Blockchain Zone
10.1.2020
South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug. Bithumb’s subsidiary GCX Alliance will...
Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone
9.1.2020
Bithumb could invest over $8 million into South Korea’s regulatory free zone in Busan
Bithumb to Invest USD 9M in a New Crypto Trading Platform + More News
9.1.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
South Korean market-leading exchange Bithumb is set to launch a second domestic trading platform, reports Newsway....
Major South Korean Crypto Exchange Bithumb Launches R&D Center
7.1.2020
Bithumb, a major South Korean crypto exchange, is launching its own R&D center for cryptocurrencies and blockchain technology
Legal Wrinkles Could Blight Taxman’s USD 67m Bithumb Ruling
31.12.2019
Lawyers and politicians in South Korea have been debating the legality of the tax service’s recent decision to effectively serve crypto exchange Bithumb with a USD 67 million tax bill.
As previously reported, South Korea’s National Tax Service (NTS) has attempted to force Bithumb to pay...
South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb
30.12.2019
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles...
Korea’s Tax Agency to Withhold $70M From Crypto Exchange Bithumb
30.12.2019
South Korea's National Tax Service will withhold tax worth $70 million from the country's largest crypto exchange Bithumb
Bithumb Crypto Exchange Reportedly Considers Litigating $68.9M Tax Bill
29.12.2019
South Korean cryptocurrency exchange considers litigation after the local tax authority imposed a $68.9 million tax bill on it
Binance Denies Police Raid, Bitcoin Wipeout, Facebook ‘Stupid’: Hodler’s Digest, Nov. 18–24
24.11.2019
In this week’s Hodler’s Digest, Binance furious after “false reports” of office raid, Bitcoin wipes out October rally, and Bitcoin ATM thieves suffer an epic fail
Bithumb Quashes Shanghai Office Closure Rumors After Binance Denial
21.11.2019
Crypto exchange Bithumb denies recent reports that Chinese authorities have raided its Shanghai offices
Bithumb Global Announces the Highly Anticipated Bithumb Coin
12.11.2019
Recently, Bithumb Global initiated a native coin for the Bithumb blockchain network, which can be anticipated to be launched at the beginning of 2020. Further, a hard cap of 300 million coins will be minted by the exchange, and a large portion of the exchange’s income will be utilized to exhaust...