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“# Bithumb to ban employees from trading crypto on its platform ” Bithumb, a major South Korean cryptocurrency exchange, is moving forward with trading restrictions for its employees by banning its staff from trading on its platform. According to an official Friday announcement, Bithumb will completely ban its employees from buying or selling crypto using…
“# Klaytn death cross debut coincides with a 57% KLAY price pump ” Bids for Klaytn’s native cryptocurrency KLAY spiked on Thursday after the South Korea-based public blockchain project confirmed its listing on Binance, one of the world’s top cryptocurrency exchanges by volume. #Binance Will List @klaytn_official $KLAYhttps://t.co/41yyLvHS0I — Binance (@binance) June 24, 2021 The…
“# Top Korean crypto exchanges reopen brick-and-mortar customer centers ” Coinone, one of South Korea’s top four cryptocurrency exchanges, has reopened its offline customer center in Seoul. According to a report from The Korea Herald on Thursday, the center was initially opened back in September 2017 but had since been closed due to a company…
“# Kimchi premium hits 11% — Is Bitcoin now in a 2017-esque retail stage of the cycle? ” The price of Bitcoin (BTC) is continuing to range between $56,000 and $60,000, as the so-called “Kimchi premium” is surging to yearly highs. Kimchi premium forms when Bitcoin is trading at a higher price in South Korea…
“# South Korean internet giant Naver reportedly joins Bithumb stake race ” Major South Korean internet company Naver has reportedly begun negotiations to acquire a stake in the country’s largest cryptocurrency exchange, Bithumb. Naver has discussed a potential equity stake acquisition with major Bithumb stakeholder Vidente, local publication the Maeil Business Newspaper reported Monday, citing several…
“# Morgan Stanley rumored to be eyeing stake in top Korean exchange Bithumb ” According to Korean media, U.S.-based multinational investment banking giant Morgan Stanley is rumored to be negotiating the acquisition of a significant share in leading Korean cryptocurrency exchange, Bithumb. The news was reported on March 18 by Aju News, with Bithumb reportedly…
“# Korean crypto exchanges could soon face fines for gaps in due diligence measures ” South Korean crypto exchanges that don’t take extensive data collection and identity verification measures could soon be subject to heavy fines. According to an official announcement Wednesday, South Korea’s Financial Services Commission has come up with a revised proposal for…
“# Korean crypto exchange Bithumb toughens up its Anti-Money Laundering measures ” South Korean cryptocurrency exchange Bithumb is toughening its approach to Anti-Money Laundering enforcement with a series of new measures that include trading restrictions, stronger Know Your Customer checks, and specialized blockchain intelligence solutions. The popular exchange, which has an estimated average of 1…
“# South Korean gaming conglomerate Nexon denies plans to acquire Bithumb ” Major gaming conglomerate Nexon will not be acquiring leading South Korean crypto exchange Bithumb, as previously alleged in local media. In an email to Cointelegraph, a representative for Nexon said that the firm “has not invested in Bithumb and has no plans to acquire…
“# Report: Major gaming conglomerate Nixon prepares to acquire Bithumb ” After a troubled few months, crypto exchange Bithumb looks like it’s set on turning over a new leaf through an acquisition by one of South Korea’s top gaming firms. South Korean media reported on Jan. 7 that Nexon, a multi-billion dollar gaming conglomerate, has…