Hankyung, a mainstream media outlet in South Korea, has reported that Bithumb, the country’s second largest crypto exchange, will officially resume new user registrations on September 1.Bithumb has disallowed new registrations for traders in South Korea since January of 2018, following the encouragement of the government to establish formal...
Bithumb, one of the largest South Korean cryptocurrency exchanges, will open up account registrations after a month-long freeze, local media outlet Yonhap News reports Wednesday, August 29. According to a spokesperson from banking partner Nonghyup Bank, Bithumb will meet specific requirements as dictated by South Korean law in return for...
South Korea’s largest crypto exchange, Upbit —  a crypto-only platform run by a subsidiary of Korean tech giant Kakao —  has posted a $100 million profit in the third quarter (Q3) of 2018, Yonhap News reported August 23. As Yonhap reports, Kakao’s recent Semiannual Report indicates that the net profit...
North Korean hackers have infected a cryptocurrency exchange with malware for both Windows and macOS for reportedly the first time, Russian internet security company Kaspersky Lab announced Thursday, August 23. In Kaspersky’s report, the company reveals the malware — dubbed “AppleJeus” — made its way into the systems of an...
South Korea’s two largest crypto exchanges UPbit and Gopax are backed by the country’s biggest bank and internet company Shinhan Bank and Kakao.Importance of Shinhan Bank’s InvolvementThe vast majority of investors in South Korea are already well aware that the country’s major crypto exchanges are financed and operated by...
Bithumb traders have recently experienced an abnormal surge in the price of some crypto, with tokens like Ethos trading six times over its average value only on the South Korean exchange. Many traders began to attribute these ludicrous prices to the Kimchi Premium, which local cryptocurrency traders have grown accustomed...
Sentiment regarding the cryptocurrency market took a large shift this past week, as Bitcoin rallied 15% due to a series of positive technical and fundamental indicators.IBM To Use Stellar-Based Stablecoin For Faster Financial PaymentsIBM, one of the largest technology firms in the world, has just announced that it will...
The co-founder of the Bancor Network, which suffered a $13 million hack on July 9, has argued that the crypto industry needs to join forces in the war against cyber hackers and thieves. She also defended the network against the criticism of Litecoin creator Charlie Lee, who said Bancor...
Local media recently reported that Bithumb, one of South Korea’s most prominent exchanges, has announced plans to make a move on the Japanese and Thai markets.Korea-Based Exchange Eyes New MarketsIn an exclusive with ZDNet Korea, Bithumb has announced that it plans to open operations in Japan and Thailand after receiving...
An official report released by the Bank of Korea (BOK) revealed that the outstanding balance of virtual accounts in local banks reached 2 trillion won (US$1.79 billion) as of December 2017. The amount, equivalent to about eight percent of total deposits operated by brokerage houses in South Korea, poses...