Cryptocurrency is expanding from the local to the global on a daily basis. The sector has become a site for partnerships and has revolutionized international relations over the past few years with decentralization. In the recent past, the crypto community has seen several partnerships and globalization of cryptocurrency firms. Notably,
Bithumb, the second-largest cryptocurrency exchange in South Korea, has announced the launch of the Internet Computer Protocol (ICP) Korean Won (KRW) trading market to commence on June 12, 2024, at 20:00. The launch of the ICP-KRW trading pair is expected to provide more possibilities and facilitate liquidity in the market.
In a shocking turn of events, Manta Network, a zero-knowledge Layer 2 blockchain, has found itself embroiled in controversy as allegations of money laundering surface following its listing on major exchanges such as Binance, Bithumb, and KuCoin. The storm began when approximately 2 million MANTA tokens were reportedly transferred to
One of South Korea’s most renowned cryptocurrency trading platforms, Bithumb, is apparently preparing for a historic Initial Public Offering (IPO) on KOSDAQ. The Korea Exchange (KRX) in South Korea launched its trading board, KOSDAQ, in 1996. Initially established by the Korea Financial Investment Association as a separate stock market from
The prosecutors in South Korea have conducted a raid on the two local crypto exchanges as part of the investigation into the digital assets of lawmaker Kim Nam-kuk. Yonhap, a South Korean news agency, reported that a group of prosecutors from the Seoul southern district office raided the two crypto
Embezzlement accusations have resulted in the arrest of the presumed true owner of Bithumb, South Korea’s biggest cryptocurrency exchange. Media outlets in his own country claim that Kang Jong-hyun was taken into custody on suspicion of embezzlement on February 2. Moreover, on January 25th, the Seoul Southern District Court issued
It has been reported that the South Korean National Tax Service (NTS) has launched a special tax inquiry against Bithumb Korea and Bithumb Holdings. To check on the cryptocurrency platform’s compliance with local taxes regulations. Both Kang Jong-hyeon (who is widely believed to be the exchange’s true owner) and his
On January 3, 2023, the 34th Division of the Criminal Agreement of the Seoul Central District Court acquitted Lee Jung-hoon, the former head of the South Korean cryptocurrency exchange Bithumb. During his trial, Jung-hoon faced charges of fraud under the Act on the Aggravated Punishment of Specific Economic Crimes. The
LTC brings out new privacy protocol updates. Exchanges worried over the new update. LTC may face the same fate as that of LUNA. Usually, a token gets an update to upgrade itself, specializing it more for the users. More the users and circulation, more will be the value of that
AML and Banking regulations are a threat to the Big 4 crypto exchange. More than 100 smaller exchanges are expected to close. Due to AML protocol, Banks are unhappy. Anti-money laundering(Aml) and banking regulations newly imposed by South Korea, causing tensions that have even left the big four domestic crypto
