Tag: Bithumb

Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures

Security The South Korean government has announced the results of its review of 21 cryptocurrency exchanges. While several trades have finished implementing both short-term and pocket management steps, many security vulnerabilities stay at most niches. South Korea’s government has declared the result of its own inspection of 21 cryptocurrency exchanges. The review was conducted June […]

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Korea’s Crypto Exchanges are Backed by the Country’s Biggest Bank and Internet Firm

South Korea’s two largest crypto exchanges UPbit and Gopax are backed by the nation’s greatest financial institution and web firm Shinhan Bank and Kakao.Importance of Shinhan Bank’s InvolvementThe overwhelming majority of buyers in South Korea are already properly conscious that the nation’s main crypto exchanges are financed and operated by among the largest conglomerates in […]

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Bithumb Sees 40% Trading Volume Drop After User Registration Suspension

Trading quantity in among the world’s biggest cryptocurrency exchanges has shrunk by 40 percentage in 3 days after it briefly stopped opening new consumer accounts. South Korea’s Bithumb market — that endured a $31 million hack at June — stated in a blog post on July 31 it will suspend the launching of new client […]

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South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges

Taxes The South Korean government has declared a new set of tax legislation amendments. Under this proposition, bitcoin exchanges will no longer be qualified for corporate and income tax deductions now appreciated by little and medium-sized companies. The authorities also have been contemplating imposing capital gains tax upon the sale of all cryptocurrencies. The South […]

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Some Crypto Trading 500% Higher on Bithumb, Market Manipulation Woes

Bithumb dealers have recently undergone an abnormal spike in the purchase price of a crypto, with exemptions like Ethos trading six times more than its typical value just on the South Korean exchange. Many dealers started to feature these ridiculous costs to the Kimchi Premium, which neighborhood cryptocurrency dealers have grown used to over the latest […]

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