Bithumb has recovered almost all Bitcoin mistakenly distributed during a recent reward event error, easing concerns around customer asset safety and market disruption. The South Korea-based exchange said it retrieved about 99.7% of the Bitcoin credited to users by mistake and used its own funds to settle the remaining amount
The Financial Supervisory Service (FSS) of South Korea released its business plan, which included aggressive measures to tighten crypto regulation by targeting risk practices that collapse the crypto market, as well as stronger IT and cybersecurity accountability for financial firms. According to South Korea’s Yonhap local news agency report, Financial
Bithumb, a South Korean crypto firm, accidentally transferred Bitcoin tokens in large numbers to its users. This triggered a sell-off on the platform, possibly and briefly affecting BTC prices on the chart. The flagship token has declined slightly since the report of the incident surfaced. All sights are also on
Bithumb, a South Korean cryptocurrency exchange, has planned to roll out its third annual dormant asset recovery campaign, stating that unclaimed cryptocurrency holdings on the platform have slipped to 291.6 billion won. It showed around a 34% fall from 2024’s 443.5 billion won. The fall is majorly due to the
The Bithumb exchange in South Korea has slashed its cryptocurrency lending service limits drastically after it faced a lot of regulatory scrutiny. The platform reduced maximum leverage by half to 2x and reduced loan caps by 80%. The radical reforms are an indication of the increased governmental concerns regarding high-risk
South Korea’s second-largest crypto exchange, Bithumb, is staging an aggressive comeback. After years of struggle and losing ground to rivals, Bithumb now commands 25% of South Korea’s cryptocurrency trading volume, a significant leap from its single-digit share in 2023. The resurgence comes just ahead of its planned $1 billion IPO
Bithumb, the South Korean crypto exchange, extends its market domination by executing a major corporate restructuring plan. The company will establish a distinct entity for its non-exchange operations by July 31, 2025, to make distinct business boundaries between exchange activities and other ventures. Bithumb continues To Focus on Nasdaq The
Sometimes all crypto tokens need is a small push to break the long-term trend and to start a new price rally. Token listing announcement from leading crypto exchanges is often a major push despite the broader crypto market sentiment. On similar lines, Across Protocol native token ACX is surging today
South Korean crypto exchanges Upbit and Bithumb have made headlines again today. Both of them come to an agreement to pay around $2.4 million to users as compensation. This is to cover the losses that incurred due to network outages on December 3, 2024, Martial day of South Korea. This
With Bitcoin touching a new all time high of around $106,000 and Ether going as high as $4,016, the bull run resumed. The overall crypto market cap is standing at $3.7 trillion with a 2.15% increase in the last 24 hours. Meanwhile, Mocaverse native token MOCA witnessed a sharp price
