Category: Bithumb
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Crypto Exchange Bithumb Accused of Allowing ‘Wash Trading’ of Over $250 Million in Fake Volume
Bithumb, a South Korean cryptocurrency exchange, is allegedly being exploited by a sophisticated group of traders who have created a fake trading volume to the tune of $250 million-plus a day on the exchange’s order books. Suspicions Abound On Sept. 2, Alex Krüger, a crypto trader, pointed out suspicious activities on Bithumb’s order books and…
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Researchers Find Discrepancies With Top Exchange Volumes
This month the Blockchain Transparency Institute (BTI) published a research report that claims quite a few of the top cryptocurrency exchanges are overstating their trade volumes or participating in wash trades. BTI explains that out of 130 of the top cryptocurrency trading platforms researched, the organization estimates that every 24-hours over $6B worth of digital…
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PR: Brock Pierce and Company Will Bring Together Exchanges, and Regulators Around Spanish Crypto Summit Futurama
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Brock Pierce, considered to be the center figure of cryptocurrency…
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PR: Bithumb to Refund New Users up to 70% on Fees
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Bithumb to refund new users up to 70% on fees…
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Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware Wallet
In South Korea, Bithumb was visited by officials of the Mongolian government. Upbit is offering free training leading up to its developer conference. A public company has unveiled a hardware wallet as it enters the crypto space. Meanwhile, hacked crypto exchange Coinrail has launched an international service for non-Korean customers, and a US bitcoin ATM…
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Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures
The South Korean government has announced the outcome of its inspection of 21 cryptocurrency exchanges. While a number of exchanges have completed implementing both short-term and wallet management measures, many security vulnerabilities remain at most exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 21 Exchanges Inspected South Korea’s government has announced the result…
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Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves
South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean exchange, Upbit, has released an audit report showing more crypto and cash reserves than needed to pay customers. Meanwhile, all customer deposits at Korbit will now be held by a bank. Also read: Yahoo!…
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South Korean Crypto Exchange Bithumb to Reopen Withdrawals, Deposits for Nine Cryptos
One of the world’s leading crypto exchanges, Bithumb, is set to reopen its withdrawal and deposits services for nine cryptos