Tag: Bithumb

Your Investment Center

Crypto Accounts

Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks

Commission Income From Crypto Accounts Jumped 36 Times for South Korean Banks South Korean banks have been providing virtual account services to cryptocurrency exchanges and earning commissions from them. According to data obtained by the country’s Financial Supervisory Service, banks made 36 times more in commission income from crypto exchanges last year than the previous…
Read more


January 19, 2018 0
South Korea

New Cryptocurrency Exchanges Proliferate in South Korea Despite Regulation

New Cryptocurrency Exchanges Proliferate in South Korea Despite Regulation New cryptocurrency exchanges are rushing to launch in South Korea despite regulatory uncertainty due to high demand and lucrative business models. Ten crypto platforms are expected to open for business in the first half of this year, including two run by Kosdaq-listed companies New Exchanges Entering…
Read more


January 16, 2018 0
South Korean

Panic selling on South Korean exchange raids

Panic selling on South Korean exchange raids Traders in Asia have a huge influence on cryptocurrency markets. So much so that when news comes out of South Korea of police raids on exchanges and a possible all-out crypto ban the markets take a nose dive. Two of the largest exchanges in the country and the…
Read more


January 11, 2018 0
Exchanges

Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From Banks

Korean Crypto Exchanges Go on Hiring Spree, Stealing Workers From Banks Major South Korean exchanges are on a hiring spree. The demand for cryptocurrencies and the government’s mandate for stronger security systems are driving the need for additional manpower at crypto exchanges. Their attractive employment benefits and flexible work environment are pulling workers from traditional banks…
Read more


January 6, 2018 0
Litecoin

Litecoin lifts from long slumber

Litecoin lifts from long slumber The start of this year has been nothing short of epic for cryptocurrencies with the majority of them surging for the first couple of days of January. One favorite from last year however remained asleep and even fell a little while the rest were on fire. Litecoin has finally awoken…
Read more


January 6, 2018 0
Bitcoin Price

Markets Update: Bitcoin Price Re-Captures the $16K Territory

Markets Update: Bitcoin Price Re-Captures the K Territory The weekend is coming, and things are looking far more optimistic for bitcoin markets than the last two holiday weekends. BTC/USD market value has jumped considerably since it hit a low of $11,600 across global exchanges with the price now averaging $16,500 per BTC on January 5.…
Read more


January 5, 2018 0
Ripple XRP

Ripple XRP: The influence of Exchanges

Ripple XRP: The influence of Exchanges On December 29th Ripple soared by more than 55% to reach an all time high of $2.23 implying a market cap of more than $86 billion which was well-over Ethereum’s $73 billion at the time. Coverage seems to be infiltrating mainstream media now, with Ripple even getting a mention…
Read more


January 4, 2018 0
Ripple

Ripple Approaching $2 as XRP token Price Doubles in Weekly Trading

Ripple Approaching asXRP token Price Doubles in Weekly Trading A week after the value of Ripple’s native XRP token topped $1 for the first time in history, the cryptocurrency surged again today, rising 34 percent. At press time, the token, used for transactions on the San Francisco startup’s RippleNet cryptocurrency network, reached $1.87, a figure that was…
Read more


December 29, 2017 0
Youbit

Bitcoin Exchange Youbit to Declare Bankruptcy After Hack

Bitcoin Exchange Youbit to Declare Bankruptcy After Hack A South Korean bitcoin exchange is moving to declare bankruptcy following what it said was a debilitating hack and theft. A message on Youbit’s official website states that at around 4:34 a.m. local time, an external hack resulted in the loss of “about 17% of total assets.” The cyber attack…
Read more


December 19, 2017 0
CME Group

Markets Update: Bitcoin Spot Prices Slide After CME Group Opens Futures

Markets Update: Bitcoin Spot Prices Slide After CME Group Opens Futures Bitcoin markets took a slide on Sunday evening December 17 about an hour after CME Group launched the company’s futures markets. Even though the beginning of the derivatives sessions were quite bullish with contracts above $20K, bitcoin’s spot markets dipped to a low of…
Read more


December 18, 2017 0