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FOMO Moments After a couple of weeks of solid upwards momentum crypto markets have finally started their correction. Markets have fallen back below the $400 billion level as a huge sell off saw $40 billion leave the digital space and go back into fiat. Bitcoin has retreated back...
Bithumb, the largest cryptocurrency exchange in South Korea with a daily trading volume of about $476 million, is holding $6 billion on behalf of its customers as of 31 December 2017, according to its published audited accounts. South Korea’s Bithumb Stores $6 Billion On Behalf of Customers South...
Cryptocurrency exchange Bithumb is taking digital currencies into the ‘real world’ by promoting their use in everyday activities, such as buying goods from vending machines. This week, the exchange announced its kiosks in South Korea are accepting Bitcoin Cash. Bithumb Exchange Brings Cryptocurrencies Into The Real World Bithumb, South...
FOMO Moments Markets have been pretty grim viewing over the past few days however they have started to show some signs of life during this morning’s Asian trading session. Bitcoin has remained above $7,000 and is inching towards $7,200, up 3% on the day. Ethereum is still getting...
DB Insurance — one of South Korea’s four biggest property and casualty insurers and the company that holds South Korean cryptocurrency exchange Youbit‘s policy — has denied a claim that the exchange filed after a hack in December of last year drained it of “about 17% of [its] total assets.” Youbit claimed that the insurance...
FOMO Moments Crypto markets have leveled off a little this morning, no further gains have been made but the good news is that they haven’t fallen again. Bitcoin has remained at the $9,000 level with no movement in either direction over the past 24 hours. Total market capitalization...
Bithumb, one of Korea’s largest exchanges with a daily volume of $850 million (94,000 BTC), has announced the listing of ICON (ICX), which is being called ‘Korean version of Ethereum’, to celebrate the launch of Bithumb PRO. Bithumb Gives Away ICON to Celebrate Launch of Bithumb PRO Through deliberation...
As demand returns to the markets South Korea is once again leading the way for trade volume. Bitcoin recorded a monthly high trading volume on exchanges in the country as fears of clampdowns subside and confidence returns to the crypto markets. Local media reported that domestic Bitcoin trading...
The South Korean government has started to focus on fostering and regulating the local cryptocurrency market to protect investors and ensure businesses have robust infrastructure to secure sensitive information. Major Banks Supporting Cryptocurrency Exchanges Earlier this month, several officials in the South Korea Finance Ministry told local investors...
Six major South Korean banks including Shinhan Bank, the second largest bank in the country, will officially begin providing local cryptocurrency exchanges with virtual bank accounts. Virtual Accounts Restarted, Traders Relieved On South Korean cryptocurrency exchanges, each trader or investor is provided with a virtual bank account which...
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