Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers

South Korean crypto exchange Bithumb has announced the 11 cryptocurrencies stolen in last week’s theft and the amount of each coin missing. A compensation plan has also been unveiled for the equivalent value of the lost coins in an undetermined cryptocurrency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Only Half As Much Crypto … Read more

Markets Update: Bear Market Adds Cryptocurrency Trading Uncertainty

Cryptocurrency markets have had a rough week over the last seven days as many digital assets lost quite a bit of value most had gained two weeks prior. Currently, markets are seemingly consolidating and have remained somewhat stable over the last 24-hours. At the moment Bitcoin Core (BTC) values have been hovering around $7,470-7,560 during … Read more

Markets Update: Digital Assets Show Recovery After the Past Three Days of Dips

Digital asset markets are doing some healing during the past 24-hours of trading after touching some lows the day prior. At the moment the entire cryptocurrency market capitalization of all 1,600+ tokens is around $377Bn with around $16Bn worth of 24-hour trade volume. Bitcoin Core (BTC) markets are up 2.3 percent averaging $8,314 per coin … Read more

Markets Update: Cryptocurrency Prices See Relief After Three Day Losses

Cryptocurrency prices have dropped significantly over the past 72 hours after reaching new highs on May 5. When Bitcoin Core (BTC) prices touched a high of $9,940 USD this past Saturday buyers met resistance and the price tumbled to a low of $8,975. BTC prices today are hovering along between $9,100 and $9,400. Bitcoin Cash … Read more

Bithumb’s Revenue Last Year Jumps 171-Fold Compared to 2016

According to local reports, the South Korean exchange Bithumb has released the firm’s 2017 revenue and the exchange made 171 times more than the previous year. Also read: Japan Revises Registration Rules for Cryptocurrency Exchanges Bithumb’s revenue has increased 171-fold One of South Korea’s largest digital asset trading platforms has seen an increase in revenue that … Read more

Huobi Officially Launches in South Korea with 100 Cryptocurrencies

Huobi has officially launched in South Korea. The platform facilitates the trading of 100 cryptocurrencies and 208 markets. The exchange is also creating an investor protection fund and program to immediately compensate for any losses that are not investor error. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Huobi Korea Launched Huobi … Read more

South Korean Exchange Korbit Stops Serving International Citizens

Just recently news.Bitcoin.com reported on South Korean cryptocurrency exchanges implementing new infrastructure systems that comply with the country’s financial regulations. The enforced verification mechanisms will not allow anonymous users to sign up for a Korean-based digital asset exchange and trading platforms must report customer data. Now this week the Korean crypto-exchange, Korbit, has announced it … Read more

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 $17,925 across many exchanges. Also Read: Bitcoin Fees Have Become Infeasible BTC … Read more