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South Korea's 'Kimchi premium' is back: Is the Bitcoin rally starting to heat up?
29.3.2021
Demand for Bitcoin in South Korea is heating up as the country's BTC premium rises over 5%
Bithumb Adds Auto-trading Function
26.3.2021
The South Korean crypto trading platform Bithumb has launched an “auto-trading” service – after partnering with a firm that will allow customers to trade using automated bots.
Per Hanguk Kyungjae, the trading platform, South Korea’s market-leader, has sealed a deal with a firm named Crom Innovation...
Morgan Stanley Rules out M&A Deal for Bithumb, Binance Is 'Always Open'
23.3.2021
The American investment banking powerhouse Morgan Stanley has dismissed reports linking it to a possible M&A deal for the South Korean market-leading crypto trading platform Bithumb as “unfounded.” Meanwhile, Binance reiterated that they're always open for possible partnerships.
Per the South...
South Korean internet giant Naver reportedly joins Bithumb stake race
22.3.2021
Naver is reportedly looking to strengthen its position in the crypto industry with a potential equity stake in South Korea’s largest crypto exchange
Deutsche Bank, Visa, Binance, Naver Eye Deal for Bithumb – Report
22.3.2021
Rumors appear to be hotting up as rival players – including the likes of Deutsche Bank, Visa, Binance and the search engine operator Naver – have reportedly held talks about buying minority or controlling stakes (or possibly even taking over) Bithumb, South Korea’s biggest crypto exchange.
As...
Morgan Stanley rumored to be eyeing stake in top Korean exchange Bithumb
19.3.2021
Korean media has reported that Morgan Stanley is in talks with Bident — who owns a 10% of Bithumb Korea
Morgan Stanley Rumored to Negotiate Bithumb Deal
19.3.2021
US-based major investment bank Morgan Stanley is in negotiations to buy a stake in South Korean leading crypto exchange Bithumb, per local media reports.
It was reported by Asiae and Naver, citing an undisclosed source within Bithumb.
Accounting firm Samjong KPMG, an M&A advisor for Bithumb...
Korean crypto exchanges could soon face fines for gaps in due diligence measures
10.3.2021
South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges
Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures
9.3.2021
The operator of South Korean cryptocurrency exchange Bithumb has placed restrictions on trading accounts registered in jurisdictions that are deemed to be too lax in curbing money laundering
Crypto Exchange Bithumb: Beware Bogus Brokers Posing as Our Staff
15.2.2021
South Korea’s market-leading crypto exchange Bithumb said it will crack down on unscrupulous bogus brokers who pretend to be members of its staff and approach blockchain operators to discuss listing options for their tokens – before scamming them by demanding “listing fees.”
Per Fn News, a growing...
South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018
13.2.2021
A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet. Funds Ended Up in a Wallet With an Unknown...
Bithumb Must Compensate BTC Address Book Mixup Customers – at 2018 Prices
11.2.2021
Bithumb, South Korea’s market-leading crypto exchange, has been ordered to pay compensation to the victims of a 2018 “accidental” bitcoin (BTC) “withdrawal” mishap that left them out of pocket. But in a sting in the tale, the presiding judge ordered the payment to be made in fiat – at rock-bottom...
Bithumb CEO Predicts Only Four to Seven South Korean Crypto Exchanges Will Survive New Rules
20.1.2021
The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only be between four and seven exchanges surviving the new regulation. Smaller Companies Unlikely...
Bithumb Boss: Only 4-7 Korean Crypto Exchanges Will Survive Regulations
15.1.2021
The CEO of Bithumb Korea, the domestic wing of the South Korean market-leading crypto exchange Bithumb, has predicted that after soon-to-promulgate regulations kick in, there will only be between four and seven exchanges left standing.
There are currently almost 50 crypto trading platforms in...
South Korean gaming conglomerate Nexon denies plans to acquire Bithumb
11.1.2021
Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million
Gaming Firm Outbids Rival in Battle for Control of Bithumb – Report
8.1.2021
The deal to acquire a controlling stake in Bithumb, South Korea’s market-leading crypto exchange, is not yet done – with another gaming giant wading into what could develop into a bidding war for the trading platform.
Per ZDNet Korea, NCSoft, a South Korean video game developer known for...
South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million
8.1.2021
Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy all the shares owned by Bithumb chairman...
Bitstamp, Korbit Owner Set to Take Control of Bithumb Crypto Exchange
7.1.2021
The owner of Nexon, the South Korean gaming giant and the owner of the Bitstamp and Korbit crypto exchanges has reportedly agreed a deal worth USD 458 million to buy a controlling stake in Bithumb, the nation’s market-leading trading platform.
Bithumb has been looking for a sale for several months...
Report: Major gaming conglomerate Nixon prepares to acquire Bithumb
7.1.2021
South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country's largest cryptocurrency exchange
Steve Wozniak-backed token WOZX skyrockets ahead of second listing
9.12.2020
“The Woz” makes a big impression in the crypto space as his newly-launched token WOZX records 26X gains after only five days of trading