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South Korea Crypto-Exchange Bithumb Reports $180 Million 2018 Losses
South Korea-based cryptocurrency exchange Bithumb suffered a mammoth loss of $180 million (205 billion Korean won) in 2018, reports The Korea Times, April 10, 2019. A Series of Unfortunate Events Although the current sentiment in the crypto market has a slightly positive shade to it, things were not so hunky-dory in 2018 and, the financial results reportedRead MoreRead More. дальше »
2019-4-12 13:00 | |
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Bithumb registers net loss of $180 million following Bitcoin’s price drop
Bithumb, one of South Korea’s largest cryptocurrency exchange platforms, reportedly turned in a net loss of 205 billion Korean Won, approximately worth $108 million in 2018, according to KoreaTimes. дальше »
2019-4-11 23:30 | |
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Moonday Mornings: Cryptocurrency market at 5-month high, Paxful under fire, and more
It’s Monday which means it’s time for a wrap-up of the weekends top cryptocurrency and blockchain headlines. Here’s Moonday Mornings for you. 1. The United Global Resolve For Peace is petitioning the Central Bank of Nigeria after thousands of the country’s residents claim to have been “defrauded” out of millions of dollars earned from trading cryptocurrencies on exchange service Paxful, The Guardian, a local Nigerian outlet reports. дальше »
2019-4-8 11:17 | |
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Google’s India lead, Rajan Anandan, is leaving the company
Rajan Anandan, Google‘s vice president for South East Asia and India, is leaving the company after eight years. Anandan has been in charge of or involved in numerous major projects at the firm for one of its largest markets. дальше »
2019-4-2 09:41 | |
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Down the Bitcoin March Memory Lane when BTC Surpassed $1 Billion in Market Cap for the First Time
In the present time, this week we saw popular South Korean exchange Bithumb being hacked that lost millions of EOS in a suspected insider job. A little known Singaporean cryptocurrency exchange DragonEx was also hacked for cryptocurrencies including Bitcoin, Ethereum, Litecoin and number of other tokens. Another case has been of CoinBene that involved a […] дальше »
2019-4-1 23:12 | |
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Millions of EOS & XRP at Stake as Bithumb gets Hacked the Second Time, Crypto Market Cap Loses $7 Billion
One of the biggest South Korean cryptocurrency exchanges, Bithumb was hacked last night for reportedly $30 million worth of cryptocurrency that involves three million EOS ($13 million) and up to 20 million XRP ($6 million). дальше »
2019-3-30 19:11 | |
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Bitcoin Exchange Bithumb Announces 50% Layoffs
South Korea’s largest Bitcoin exchange, Bithumb, has announced layoffs of 50%, the latest casualty of “crypto winter. ” B A report in Korean media issued earlier today shows that the exchange will be cutting its staff from 310 to around 150. дальше »
2019-3-19 02:20 | |
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Employee Embezzlement Forces South Korea’s Coinbin Crypto Exchange to Call it Quits
Coinbin, a leading South Korean digital assets exchange and cryptocurrency trading venue, has filed for bankruptcy with the Korean authorities, claiming that an employee has stolen a whopping 29. 3 billion won (about $26 million) from its coffers, according to a local news source, Business Korea on February 22, 2019. дальше »
2019-2-26 22:00 | |
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The Government of Seoul Is Looking to Close the Blockchain Funding Gap
In yet another bold step towards becoming the next blockchain hub, the city of Seoul announced on February 18, 2019, that it will offer $1 billion in funding towards blockchain and fintech firms up to the year 2022. дальше »
2019-2-21 04:00 | |
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Bandwagon Aims to Solve Ticket Fraud With The Blockchain
Each year $2. 3 billion is spent on fake ticket sales, but a new software platform is taking the stage to eliminate ticket fraud, through the use of blockchain technology. Headquartered in Greenville, South Carolina, Bandwagon is a blockchain-based ticket authenticity and fan identity management company. дальше »
2019-2-20 00:17 | |
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EOS Flips Litecoin Again as Crypto Markets Beat a Slow Retreat
Market Wrap Crypto markets falling back slowly; EOS retakes 4th losing less than Litecoin, Maker and NEM climbing. Crypto markets have started to head south once again but the slide is a slow one at the moment and the majors are holding their positions. дальше »
2019-2-14 10:00 | |
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Tron (TRX) Ready For the $5.6 Billion South Korea’s Gaming Industry
Tron prices slide 8. 5 percent in the last week Roy Liu, the business development manager, signs a deal with two of South Korea’s gaming associations Transaction volumes low, recovery depends on bull trend resumption The Tron Foundation may be hard at work, but market dynamics are exerting pressure on TRX. дальше »
2019-2-13 21:00 | |
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Binance Coin (BNB) Bounds into Top Ten as New Launchpad Project is Announced
When crypto markets head south there are usually very few to escape the wrath of the bears. A similar purge was initiated a couple of hours ago as $2 billion was shaved off crypto market cap in a matter of minutes. дальше »
2019-2-6 10:00 | |
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Maduro’s Master Plan for Venezuela: Swapping 29 Tons of Gold for Euros with the UAE
Venezuela is moving a shipment of 29 tonnes of gold, worth approximately 1 billion Euros or 1. 2 billion dollars, to the United Arab Emirates for sale. UAE will pay cash Euros for the trade, which has riled US officials currently engaged in dethroning Socialist President Nicolas Maduro. дальше »
2019-2-2 20:15 | |
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Crypto Market Wrap: More Pain as Markets March Downwards
Market Wrap More pain for crypto markets today, Ethereum and BCH in trouble, Stellar sliding, only Waves making moves. Following yesterday’s $7 billion crypto market dump things stabilized for a while but have just started to head south again accelerating losses. дальше »
2019-1-29 10:00 | |
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Crypto Markets Plunge $6 Billion as Bitcoin Heads South
The Bitcoin bears have returned in force today as crypto markets plunge to new low levels for 2019. A few hours ago Bitcoin fell out of its consolidation zone after failing to overcome heavy resistance at $3,600. дальше »
2019-1-28 10:24 | |
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Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments
Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume. дальше »
2019-1-23 00:57 | |
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South Africa Wants to Mandate Registration of Crypto Service Providers
A regulatory working group in South Africa, which includes the country’s central bank, has released a consultation paper on crypto assets this week. According to the document, all exchanges, wallet providers, Bitcoin ATMs and payment processors will have to register with the government in 2019. дальше »
2019-1-18 00:25 | |
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Bithumb Holding Company Looks to Raise US$100M in Equity Crowdfunding Campaign
Blockchain Exchange Alliance (BXA), the Singapore-headquartered holding company of Bithumb, one of South Korea’s largest cryptocurrency exchanges, is looking to raise at least US$100 million in a Bnktothefuture equity crowdfunding. дальше »
2019-1-9 20:50 | |
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Bithumb Holding Company Looks to Raise US$100M in Equity Round
Blockchain Exchange Alliance (BXA), the Singapore-headquartered holding company of Bithumb, one of South Korea’s largest cryptocurrency exchanges, is looking to raise at least US$100 million in a Bnktothefuture equity crowdfunding. дальше »
2019-1-11 20:50 | |
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Facebook May Launch a Stablecoin to Target India’s $69 Billion Remittance Market
Cryptocurrency’s first killer application may be well on its way from the rosters of Facebook, a company ironically known for practices contrary to the ethos of decentralized currencies and blockchains, reported South China Morning Post on December 21, 2018. дальше »
2018-12-22 15:00 | |
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Upbit Denies Cryptocurrency Wash Trading Accusations
South Korean authorities recently alleged that top executives of cryptocurrency exchange company, Upbit, falsified the company’s trading volume. Company Inflates Trading Volume by $226 billion Three top Executives of Upbit, one of South Korea’s largest cryptocurrency exchange, were recently accused of inflating the company’s trading volumes and manipulating the data system to attract investors, according to a report by The Korea Times. дальше »
2018-12-22 11:03 | |
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Officials at Top Korean Crypto Exchange Upbit Indicted for Fraud
Officials at South Korea’s largest cryptocurrency exchange, Upbit, have been indicted for fraud. They allegedly made bogus crypto orders worth approximately $226 billion and sold 11,550 BTC to around 26,000 investors. дальше »
2018-12-22 21:45 | |
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South Korea’s Second Largest City to Develop Blockchain-Enabled Virtual Power Plant
The South Korean government will be spending four billion Korean won (KRW) ($3. 500. 000) to create and deploy a “virtual power plant” based on blockchain technology reports local media outlet Yonhap News on December 10, 2018. дальше »
2018-12-12 00:00 | |
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Crypto Market Update: Tether Climbs The Table Amid Shrinking Market Caps
FOMO Moments Crypto markets are sliding again; Bitcoin SV, EOS, Monero and Tezos getting hit. Crypto markets are turning south again as minor gains get wiped out. Total market capitalization dropped below $110 billion during the morning’s Asian trading session as red dominates the charts at the moment. дальше »
2018-12-11 11:00 | |
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South Korea: Shinhan Bank Turns to Blockchain Technology to Augment Financial Services
South Korea’s second largest bank has started a pilot project to implement a blockchain-based work process across a range of financial services and internal protocol management systems, reported Korea Times on December 10, 2018. дальше »
2018-12-11 04:00 | |
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New Blockchain-Built Virtual Power Plant (VPP) In Busan, South Korea Gets $3.5 Million USD From Govt.
Four Billion KRW Allotted To Create New Blockchain-Based Virtual Power Plant In South Korea In a new report by Yonhap News Agency, the South Korean government appear to be making changes within the city of Busan. дальше »
2018-12-10 22:48 | |
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BitGo Hires Trust Company Veteran as CEO of Its Custody Arm
BitGo has a new CEO for its custody business. The cryptocurrency solution provider has recruited Richard Corcoran as its new chief executive officer. Having retired some years back after over 30 years in the traditional banking and finance industry, Corcoran has come out of retirement to lead the BitGo Trust Company, BitGo's crypto custody arm. дальше »
2018-12-8 21:38 | |
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Are We There Yet? When Will Crypto Markets and Bitcoin Hit The Bottom
When things go south in crypto land it happens fast, a digital avalanche sweeping away everything that stands in its path and blasting most of digital coins into oblivion. This weekend’s exodus has been a third wave of selling which has resulted in the loss of over $90 billion from crypto markets this month alone. дальше »
2018-11-25 15:00 | |
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Bloodbath Continues as Crypto Markets Collapse 33% in a Week Losing $70 Billion
There has been no letup in the pain that crypto markets are currently in. Since they started to head south last Wednesday a whopping $70 billion has been dumped resulting in a 33% slump in total market capitalization. дальше »
2018-11-20 12:00 | |
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Korean Power Provider KEPCO to Utilize Blockchain Tech to Build Next-Gen Solar Micro Grid
KEPCO, the largest power provider in South Korea, has affirmed that the company will start using the blockchain technology and other innovative energy solutions in order to develop its next-gen micro grid. дальше »
2018-11-20 04:36 | |
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Another Crypto Dump, $12 Billion Slashed on Monday Markets
FOMO Moments Markets getting mashed this Monday; Ethereum, Cardano, Tron and Iota dumping. Monday brings more doom and gloom to crypto land as markets have taken another turn south. A small rally over the weekend was not enough to form a sustained recovery and the bears have regained control to knock total market capitalization back. дальше »
2018-11-19 13:30 | |
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What Is Huobi Chain? Introduction to Huobi Token
What Is Huobi? Huobi is a Singapore-based cryptocurrency exchange created in 2013 by former Oracle engineer Leon Li. Originally based in China, the Huobi Foundation expanded to Singapore, South Korea, and Japan following China’s 2017 Bitcoin trade ban. дальше »
2018-11-18 22:56 | |
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Cryptocurrency Market Update: South Koreans Keeping Zcash (ZEC) Climbing
FOMO Moments Friday markets are still in decline; Zcash and Stellar opposing the drop, Dogecoin and BAT getting dumped. Yesterday’s decline has continued today though its momentum has slowed a little. дальше »
2018-11-9 10:00 | |
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Coinbase Raises $300 Million, Reaching $8 Billion Valuation
The San Francisco-based cryptocurrency exchange and brokerage service Coinbase announced on Tuesday that it had raised $300 million in series E equity funding. This latest round confirms Coinbase’s status as the largest cryptocurrency organization of its kind, bringing its market valuation up to $8 billion. дальше »
2018-10-31 22:00 | |
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Why South Korea’s Biggest Game Developer Acquired Crypto Exchange Bitstamp
NXMH, the subsidiary of NXC, the $10 billion parent company of game development firm Nexon, acquired major crypto exchange Bitstamp. Based in Belgium, NXMH is a Brussels-based investment firm which has made several high profile acquisitions of European corporations throughout the past five years including Stokke, a Norwegian firm that manufactures baby strollers that penetrated into […] The post Why South Korea’s Biggest Game Developer Acquired Crypto Exchange Bitstamp appeared first on CryptoSlate. дальше »
2018-10-29 14:46 | |
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AMD GPU Sales Go South as the Demand for Cryptocurrency Mining Units Plummets
According to its quarterly financial results report, the American semiconductor manufacturer company AMD had almost negligible sales of blockchain-related graphics processing units in Q3 of 2018. The financial report was published on October 24, 2018. дальше »
2018-10-27 17:00 | |
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Bithumb Will Provide 70-Percent Transaction Fee Payback to Overseas Users
As a token of appreciation for their continued support, South Korea based cryptocurrency exchange Bithumb is now offering a 70-percent transaction fee payback program for its overseas users. The exchange has decided to provide these refund benefits to users who completed transactions worth KRW 1 billion from Oct. дальше »
2018-10-25 17:59 | |
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KB Financial Group in South Korean Awarded Blockchain FinTech Patent For Improving Security
Major South Korean Financial Holding Gets Blockchain Patent For Improved Fintech Security The KB Financial Group, a South Korean financial holding company, has recently received a patent for a new blockchain solution which consists in a a blockchain-based app for the security of fintech companies. дальше »
2018-10-16 00:08 | |
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Bithumb Sells $350 Million Stake in Its Cryptocurrency Exchange to a Blockchain Consortium
Bithumb, one of the most important exchanges in South Korea, has sold almost 40% of its shares to a blockchain consortium, in what aims to be a strategy to regain its strength within the Asian market. дальше »
2018-10-14 10:33 | |
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South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium
The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb. дальше »
2018-10-13 04:05 | |
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Crypto Exchange Bithumb Sells 38 Percent Stake for $350 Million to Singapore Investor
South Korean crypto exchange Bithumb sold 38 percent of its stake to a Singapore-based plastic surgeon for $350 million on Oct. 11, as reported by Reuters. Bithumb’s $350 Million Deal Founded in 2013, Bithumb averages over a billion dollars in daily trade volume and lists 52 cryptocurrencies. дальше »
2018-10-13 04:01 | |
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Singapore-based Blockchain Consortium Buys Majority Share in Bithumb
Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet. дальше »
2018-10-13 23:53 | |
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Crypto Cybercrime Has Tripled Since 2017; Nearly $1 Billion Lost in 2018
Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018. дальше »
2018-10-13 23:34 | |
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Tron Jumps Ahead of TVM Launch, a Copy Paste of Ethereum’s Virtual Machine
Tron has risen from $0.22 to a recent high of $0.28 on trading volumes of $400 million, sending its market cap to $1.7 billion. South Korea is currently leading Tron’s... The post Tron Jumps Ahead of TVM Launch, a Copy Paste of Ethereum’s Virtual Machine appeared first on Trustnodes. дальше »
2018-10-8 18:44 | |
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Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again
Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP. дальше »
2018-10-6 06:15 | |
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