Bithumb ex-chairman could face 8 years prison over alleged $70M fraud
The sentencing hearing is set for Dec. 20 and could see the former chairman of South Korean crypto exchange Bithumb behind bars for a maximum of eight years if found…
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Singapore court rules in favor of Bithumb founder in acquisition case
The decision on the civil lawsuit might affect a trial court in South Korea.
Ethereum Classic Climbs 124% in 2 Weeks, Hashrate Spikes, KRW Captures 20% of ETC’s Trade Volume
Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and…
Bithumb Owner Confirms Acquisition Discussions With FTX
Off late, digital asset exchange FTX has been offering bailouts to struggling companies and expanding its operations via acquisitions. The latest firm that FTX is in talks for acquisition is…
FTX Mulls Buying Top South Korean Exchange Bithumb
Leading crypto exchange FTX is reportedly negotiating a potential acquisition of top South Korean exchange Bithumb. No deal has been confirmed as of yet. Advanced Talks Sam Bankman-Frieds crypto empire...
Report: South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse
Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to…
Report: Five South Korean Crypto Exchanges Respond to Litecoin MWEB Upgrade by Delisting the Coin
Five South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset’s Mimblewimble Extension Blocks (MWEB) upgrade violates the country’s laws. As a result, the exchanges’ users…
ACH Is the Token Driving Global Crypto Payments
ACH is the cryptocurrency token driving the adoption of Alchemy Pay’s crypto payments around the world. Alchemy Pay enables real-world crypto payments and mainstream-friendly access to crypto services. It has…
Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of…
Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks
Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow…