Cryptocurrency Exchange Giant, Bithumb, Unfreezes Withdrawals for Ten Cryptocurrencies

2018-8-5 01:23

Bithumb, one of the prominent cryptocurrency exchange platforms in South Korea, is set to unfreeze withdrawals for ten cryptocurrencies on its platform. Meanwhile, the crypto exchange giant continues to experience a significant drop in trading volume due to an embargo on new user accounts.

Details of the Announcement

The platform released an official statement on its website, today (August 4, 2018), announcing its decision to reopen deposits and withdrawals for ten cryptocurrencies. According to the statement, customers would have access to deposits and withdrawals as of 11 a.m. Korean Standard Time (KST).

However, Bithumb released an updated announcement a few hours later stating that the time had been pushed forward to 7 p.m. KST. The platform cited the need “to provide a more stable service environment.” The ten cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Ethereum Classic (ETC), Litecoin (LTC), Bitcoin Cash (BCH), Monero (XMR), Zcash (ZEC), Qtum (QTUM), and Mithril (MITH).

Bithumb also announced that the other cryptocurrencies in its trading catalog remain unavailable for deposit and withdrawal. Explaining the reason for its decision, a post on the Bithumb website reads:

“Some cryptocurrencies with a significant price difference of about 10% between Bithumb market and standard market will be opted out in this round in view of protecting our customer’s asset. Since when the services return to normal, rapid change in market prices are expected. Therefore, resuming normal services for such cryptocurrencies will be put on hold for the time being.”

$31 Million Cryptocurrency Exchange Hack

Bithumb suspended deposits and withdrawals in the aftermath of the $31 million hack it suffered in June 2018. At the time, it was the second South Korean platform to fall victim to cybercriminals in June. Coinrail, a lesser known cryptocurrency exchange, had also been hacked.

Less than a fortnight after the hack, Bithumb announced that it had recovered about $14 million–45 percent of the stolen coins. The platform also promised to perform an airdrop to reimburse users who had been affected by the hack.

Bithumb Suffers Cryptocurrency Trading Volume Drop

In another development, trading volume on the platform has tanked significantly due to its embargo on new accounts. In a July 31 blog post, Bithumb announced that it would suspend the account-opening feature on the platform to carry out much needed “service improvement”.

In the aftermath of this decision, Bithumb’s 24-hour trading volume has declined from $350 million to $125 million. The platform is currently ranked 12 based on 24-hour trading volume.

The post Cryptocurrency Exchange Giant, Bithumb, Unfreezes Withdrawals for Ten Cryptocurrencies appeared first on UNHASHED.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Цена в час новости $ 0.026461 (-79.48%)

exchange cryptocurrencies cryptocurrency ten giant withdrawals bithumb

Источник: unhashed.com

exchange cryptocurrencies → Результатов: 126


Coinbase Teases 19 Cryptocurrencies They May List; Prices Jump Across the Board

One of the largest US based crypto exchange Coinbase has revealed that it is reviewing additional 19 cryptocurrencies for potential listing. The San Francisco-based crypto exchange has announced that the 19 cryptocurrencies are being reviewed as per its Digital Asset Framework which will determine if they will be listed on its popular trading exchange platform. […]

2020-7-31 20:14


Фото:

Indian Exchange Says Women More Bullish on Cryptocurrency Than Men

Women in India are making larger individual investments in cryptocurrencies compared to men, according to one local exchange. However, men are leading the charge when it comes to sheer numbers. Women are Bigger Spenders Women have turned out to be the bigger spenders in India when it comes to cryptocurrency investments, according to a recent survey conducted by BuyUcoin – a local cryptocurrency exchange.

2018-6-29 07:00


Global Pay Net ICO

Global Pay Net is an international financial platform that is based on the Blockchain technology. The company has been developing a unified service that allows each of its users to invest their money at interest, take out a loan, exchange funds and cryptocurrencies, keep their savings at a profit, and pay for goods or services using their own GLPN wallet.

2018-6-28 17:51


Фото:

Reserve Bank Of India Ruling Could Mean Zebpay Customers Can No Longer Withdraw Their Rupees

The saga surrounding The Reserve Bank of India (RBI) and their attempt at banning cryptocurrencies continues. We have recently seen confirmation from the RBI that they failed to do any prior research before making a move to ban cryptocurrencies, and of course a team of legal officials are working on determining how much say the RBI have in this matter, but regardless, the RBI deadline of the 5th of July now nears.

2018-6-25 13:00


Фото:

6 Reasons Why Bitcoin Price is Down — (And Some Positive News Too)

As the week comes to a close, let us reflect on and digest all the news — most of which was negative, that happened in the cryptocurrency arena affecting Bitcoin price. Oh Look, Another Exchange Hack Tuesday evening, popular South Korean cryptocurrency exchange Bithumb reported a system breach that resulted in approximately $31 million worth of cryptocurrencies being stolen.

2018-6-24 23:00


Litecoin Founder Remains Optimistic Despite Recent Bithumb Hack

Charlie Lee, the developer behind the world’s sixth-largest cryptocurrency, Litecoin, believes the price of Bitcoin and other cryptocurrencies will recover “fairly soon”. Lee shared his thoughts on the current bear market, what developments in the industry excite him the most, and the recent hack on Bithumb, the South Korean crypto exchange. The hack does not […]

2018-6-24 21:00


Poloniex vs Bitfinex | Detailed Cryptocurrency Exchange Comparison

Poloniex and Bitfinex are consistently among the top 20 most popular cryptocurrency exchanges by daily trade volume. The platforms cater to two different audiences: Poloniex is a cryptocurrency-only exchange with a diverse library of altcoins, while Bitfinex is a platform geared toward serious traders that supports fiat currency and comparatively fewer cryptocurrencies.

2018-6-23 07:22


Фото:

Still Bullish on Bitcoin Despite Bithumb Hack: Brian Kelly and Charlie Lee Weigh In

Both Brian Kelly and Charlie Lee remain bullish on Bitcoin despite the recent hack of Bithumb, which resulted in the theft of over $31 million worth of cryptocurrencies.   Brian Kelly: Things are Different for Bitcoin This Time Around Earlier this week, South Korean exchange Bithumb – currently the eight largest cryptocurrency exchange by means of trading volumes – was hacked, resulting in the theft of more than $31 million worth of cryptocurrencies.

2018-6-22 09:00


Фото:

South Korea Exchange Bithumb Stops Withdrawls After Hack

$30 million worth of undisclosed cryptocurrencies has been stolen from Bithumb, one of the largest crypto exchanges in South Korea by trading volume. As it was officially announced the Seoul-based crypto exchange Bithumb had become a victim of a hack and had lost $30 million worth of undisclosed cryptocurrencies. Currently, Bithumb is considered to be

2018-6-20 13:47


Breaking News: Bithumb Hacked For $30 Million In Cryptocurrencies, Market Drops

Bithumb, one of the largest exchanges in Asia, just broke the news that it has been hacked, with the hackers reportedly stealing over $30 million worth of cryptocurrencies. Bithumb Wallet Change Backfires At 12:49 UTC on June 19th, Bithumb announced that they would be temporarily suspending deposits due to a change in wallets with their exchange.

2018-6-20 04:33


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Peter Thiel’s VC, Vitalik Buterin back $70 million raise for Polymarket

Peter Thiel’s venture capital firm Founders Fund co-led a $45 million Series B raise for Polymarket. Ethereum co-founder Vitalik Buterin also backed the Series B round. The predictions marketplace also announced it raised $25 million in a Series A round, led by General Catalyst and Polychain.

dYdX founder Antonio Juliano steps down as CEO

Juliano steps down as dYdX CEO, Crnkovic-Rubsamen takes over. The transition marks Juliano’s move to Chairman and President roles. dYdX experiences surge in activity amid market rebound. In a significant leadership transition within the crypto space, Antonio Juliano, the founder and long-time CEO of dYdX, has announced his decision to step down from his role.