Cryptonews Tags Bithumb

# Bithumb (Page 2)

Bithumb Korea Posts Disappointing Financial Figures – Despite Bumper Transaction Volumes

Bithumb Korea, the operator of the Bithumb crypto exchange, has reported a year-on-year decline in profitability for the Financial Year 2023, despite recent upturns in trading volumes. Per the South Korean media outlet New Daily, year-on-year sales figures fell by 58%, according to a Bithumb...

Bithumb IPO Plans ‘Accelerate’ as South Korean Crypto Exchange Eyes Public Listing

The South Korean exchange Bithumb is looking to step up its IPO plans – and could look to launch a fast-tracked initial public offering as the crypto bull market continues. Per Hanguk Kyungjae, Bithumb is looking to “accelerate” its proposed KOSPI listing. Bithumb IPO:...

South Korean Crypto Exchange Bithumb Reinstates Commission Fees After Four Months

The South Korean crypto exchange Bithumb ended its four-month campaign of commission-free crypto trading on February 5. Per Insight Korea, Bithumb began charging a 0.04% fee “for all crypto transactions starting from February 5.” Bithumb vs Upbit: South Korean Crypto Exchange Rivals...

Former Bithumb Chairman Acquitted in $100M Fraud Case in Second Trial

The former chairman of Bithumb Holdings and Bithumb Korea, Lee Jeong-hoon, has been acquitted for the second time in the $100 million fraud case. The recent decision by the 5th Criminal Division of the Seoul High Court follows Lee's earlier acquittal in January 2023 on comparable charges linked...

, by Jai Pratap

South Korean Biz Exec Bailed as ‘Bithumb Market Manipulation’ Probe Continues

A South Korean court has released a media mogul and business executive on bail as a probe into market manipulation and insider trading at the crypto exchange Bithumb continues. The executive, Won Young-sik, is the former CEO of Chorokbaem Group, the parent firm of Chorokbaem Media. The...

Trial of Bithumb Operator’s CEO Begins

The trial of Lee Sang-jun, the CEO of the crypto exchange Bithumb’s parent company, has begun in Seoul, South Korea. Lee (54), the CEO of Bithumb Holdings, is being tried alongside the former pro golfer and celebrity Ahn Seong-hyeon (42) on charges of “soliciting the...

Bithumb’s Ex-Chair Faces Eight-Year Jail Term as Prosecutors File Appeal

South Korean prosecutors have filed an appeal in the alleged fraud case involving Lee Jeong-hoon, the former chair of local cryptocurrency exchange Bithumb. According to the report from Seoul Economic Daily, prosecutors are once again advocating for an eight-year jail term for Lee in...

, by Jai Pratap

South Korean Crypto Exchange Bithumb Still Aiming for IPO Despite ‘Deep’ Troubles

The South Korean crypto exchange Bithumb has effectively confirmed reports that it is hoping to launch an initial public offering (IPO), but may be hampered by financial issues and ongoing legal problems. Per the South Korean media outlets Economist and Decenter, Bithumb wants to become the...

Bithumb Plans IPO In Korea, Eyes Top Spot in Local Market

Cryptocurrency exchange, Bithumb is keen on becoming the first industry-related company to get listed on the Korean Securities Dealers Automated Quotations (KOSDAQ). According to reports from local news outlet Edaily, the exchange has made concrete plans including hiring staff and onboarding...

, by David Pokima

South Korean Prosecutors Seek Arrest Warrants for Golf Star & Bithumb Exec

South Korean prosecutors have asked a court to arrest an ex-pro golfer and a top executive at Bithumb, one of the country’s leading crypto exchanges.YTN reported that the Seoul Southern District Prosecutors’ Office’s Financial Investigation Department wants to try golfer Ahn...

South Korean Crypto Exchanges Mandated to Maintain Reserve Funds of $2.3 Million

South Korean cryptocurrency exchanges will be required to maintain a reserve fund of at least 3 billion won (approximately $2.3 million) in designated bank accounts starting September. The new regulations for crypto exchanges are aimed at enhancing user protection in the event of unforeseen...

, by Jai Pratap

South Korea’s Financial Intelligence Unit Presses Crypto Platforms to Improve Compliance Measures

The Korea Financial Intelligence Unit (KoFIU) in a meeting on Thursday told the Korean crypto industry to double down on their efforts to prevent illegal activities.At the meeting, KoFIU Commissioner Rhee Yunsu said that a “strategic analysis team” focused on crypto has been set up, and...

, by Fredrik Vold

Bithumb Exec Suspected of Taking Bribe in Exchange for Token Listing

An official from the South Korean crypto exchange Bithumb is under investigation on suspicion of taking bribes in exchange for facilitating a coin listing.Per Chosun Ilbo, the allegations surround an individual surnamed Lee (first name undisclosed for legal reasons). Lee was described as “an...

S Korean Prosecutors Raid Bithumb in Price Manipulation Probe, Hope to Arrest ‘Owner’

The South Korean crypto exchange Bithumb has suffered another double blow from the nation’s prosecutors – who have raided the exchange in a price manipulation probe. Officers also want to arrest Bithumb’s suspected largest shareholder on embezzlement charges.YTN reported that the...

Researchers Say These 7 Factors Will Determine Bitcoin Prices in 2023

Researchers at the South Korean crypto exchange Bithumb have named seven factors they believe will affect bitcoin (BTC) and crypto prices in 2023 – and determine whether the bear market will give way to bullish forces for a sustained period. The crypto exchange’s researchers claimed that bitcoin...

Today in Crypto: Digital Assets Subcommittee in the US, Iran’s and Russia’s Gold-Backed Stablecoin, UK Sentences Four to 15 Years in Prison

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Politics news US House Republicans will establish a new subcommittee dedicated to cryptocurrency, according to Politico. The...

, by Sead Fadilpašić

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