Amazing Crypto

Category: Bithumb

  • Korean Crypto Exchange Bithumb Suspends Opening New Virtual Accounts

    Korean Crypto Exchange Bithumb Suspends Opening New Virtual Accounts

    Bithumb has suspended issuing new virtual accounts to crypto traders starting on August 1 after failing to renew the contract with its bank. These accounts are part of the real-name system enforced by the Korean government earlier this year. Only three exchanges in the country are now reportedly able to open new virtual accounts for…

  • Bank Freeze Forces Korean Crypto Exchange Bithumb to Disable New Accounts: Report

    South Korean crypto exchange giant Bithumb has suspended the issuance of new KYC bank-linked virtual accounts after failure to renew and establish a contract with a bank, as mandated by new guidelines this year. Starting today, August 1, Bithumb – one of Korea’s ‘big four’ exchanges – is no longer issuing new virtual accounts to…

  • South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges

    South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges

    The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be eligible for income and corporate tax deductions currently enjoyed by small and medium-sized businesses. The regulators have also been considering imposing capital gains tax on the sale of cryptocurrencies. Also read: Yahoo! Japan Confirms…

  • Crypto Market Rebounds, Bithumb Drives Kimchi Premium Up 50%

    Bithumb, formerly the biggest crypto exchange in South Korea, has driven the Kimchi Premium up 30 percent on major tokens, inflating the price of cryptocurrencies. Bithumb, the Bad Actor On June 20, as CCN reported, Bithumb was hacked for $40 million. The Financial Services Commission (FSC) and Korea Financial Intelligence Unit (KFIU) were involved in…

  • Controversy Looms Over Bithumb Coins

    Controversy Looms Over Bithumb Coins

    South Korean cryptocurrency exchange Bithumb is reportedly re-evaluating its strategy to launch its own coins through a corporation in Singapore, following news of fraud that could have serious side effects to both companies. Under the current laws, Bithumb coins will still be subject to Korean regulation whether launched abroad or not. Also read: Yahoo! Japan Confirms…

  • Kyber Network and OmiseGo Surge 70% With Bithumb Integration as Bitcoin Dips Below $9,000

    Kyber Network (KNC) and OmiseGo (OMG) have surged by more than 73 percent and 32.5 percent respectively upon the announcement of South Korea’s biggest cryptocurrency exchange Bithumb’s integration. Bithumb Jackpot Earlier this year, Storm, an Ethereum-based ERC20 token project that incentivizes users for completing microtasks such as viewing advertisements on mobile phones or carrying out…

  • How South Korea’s Largest Exchange Plans to Allow Millions to Use Cryptocurrency

    Bithumb is helping some of the largest shops and restaurants in South Korea like Sulbing to accept cryptocurrency #ANALYSIS

  • Hong Kong and Singapore Emerge as New Meccas for Token Sales

    Hong Kong and Singapore Emerge as New Meccas for Token Sales

    Two countries have recently emerged as the new Meccas for token sales following bans in China and South Korea. The number of initial coin offerings in Singapore and Hong Kong has skyrocketed in recent months, as companies seek a favorable environment to raise funds outside their home countries. Also read: Yahoo! Japan Confirms Entrance Into the…