Bitfinex Struggles with Banks, Why Are Other Major Bitcoin Exchanges Just Fine?

On October 6, major bitcoin exchange Bitfinex obtained banking services from HSBC with a private account held by a Hong Kong corporation. Less than two weeks after establishing HSBC as its primary bank to handle deposits and withdrawals, Bitfinex has moved to Bank of Communications, the fifth-largest bank in mainland China and Hong Kong, according … Continued

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PR: Bithumb to Hold Special Promotion for New Registered Foreign Users

Bithumb to Hold Special Promotion for New Registered Foreign Users

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Bithumb to Hold ‘Special Promotion’ for New Registered Foreign Users

Provide benefits for KRW 20 Million transactions with new registration during event period

Bithumb, a global cryptocurrency exchange will offer a new registration event to global users who newly join and start making cryptocurrency tranactions.

Bithumb is planning to hold a ‘New Registration Event’ for overseas users from October 15 to November 14, 2018 (GMT +9) Korean Standard Time. The event is for overseas users who have signed up for the Bithumb and completed transactions over KRW 20 Million (Approx. USD 17,490, Bithumb cash standard). The users who are satisfied with above conditions are expecting to receive benefits of 20,000 Bithumb cash after the event period.

Bithumb cash benefits will be given in consecutive order from December 3 until December 7, 2018 for five days (GMT+9) Korean Standard Time.

According to Head of Marketing Department of Bithumb, Andy Choi, “global interest in cryptocurrencies such as Bitcoin and Ethereum is growing.” And he added, “We appreciate our foreign global users for their trust in and transaction on Bithumb. We are planning to hold various events in order to express our gratitude.”

Bithumb is now holding a ‘Cryptocurrency Transaction Fee Refund Event’ and ‘Super Airdrop Festival Season 2’ as well.

For global customer’s convenience, Bithumb provides a foreign language counseling service in English, Japanese and Chinese, further strengthening its position as a leading cryptocurrency exchange in the world.

Contact Email Address
sam.m@creativeclicks.com

Supporting Link
https://www.bithumb.com/merchant/gwbanner?bsid=PR1015WAA&utm_source=btc&utm_medium=ww&utm_campaign=PR

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium

South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium

The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Bithumb Sold

A spokesman for Bithumb confirmed Friday that the exchange “was sold for about $354 million to a consortium led by a plastic surgeon,” Reuters reported and quoted him saying:

Bk Global Consortium, led by Kim Byung-gun, plastic surgeon and blockchain platform investor, signed a deal on Thursday to buy 50 percent plus one share in the exchange’s biggest stakeholder, BTC Holdings, for about 400 billion won ($354.09 million). The deal makes Bk Global Consortium the largest stakeholder of Bithumb.

South Korea’s Largest Crypto Exchange Sold to Singapore-Based ConsortiumThe deal will be finalized in February, Bloomberg further quoted the spokesman. Bithumb’s April audit report shows that BTC Holdings was the largest shareholder, with a 75.99 percent stake in the exchange. The second largest shareholder, Vidente Co. Ltd., held a 10.55 percent stake, followed by Omnitel at 8.44 percent, Chosun detailed.

Kim founded Bk Plastic Surgery 23 years ago and is the representative of the Bk Medical Group, which links China, Singapore and Korea, MTN detailed. He also established an ICO platform in Singapore last August.

About Bithumb

South Korea’s Largest Crypto Exchange Sold to Singapore-Based ConsortiumBithumb is currently South Korea’s largest cryptocurrency exchange by trading volume. According to Vidente, the exchange posted 218.6 billion won of operating profit and 39.3 billion won of net income in the first half of the year, Bloomberg described. Semi-annual reports of BTC Holdings show that Bithumb’s sales reached 303 billion won in the first half of this year.

In addition, News Asia reported that the price which Bk Global paid for Bithumb is lower than the exchange’s $880 million valuation appraised in early February, adding that the consortium’s own valuation of the exchange is even higher, at more than two trillion won plus the management rights premium. The news outlet quoted a Bk Global Consortium official asserting:

We will also promote the introduction of a stable coin to stabilize the payment system. We will be in conjunction with the global exchange scheme to take advantage of the coin linked to the US dollar.

In June, Bithumb said it was hacked and 11 cryptocurrencies were stolen. The estimated damage was about 19 billion won. This week, the exchange launched two indices to track the cryptocurrency markets.

What do you think of Bk Global Consortium acquiring the controlling stake of Bithumb? Let us know in the comments section below.


Images courtesy of Shutterstock and Bithumb.


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Bithumb Sells $350 Million Stake in Its Cryptocurrency Exchange

Bithumb

Bithumb, one of the largest cryptocurrency exchanges in South Korea by its daily trade volume, has sold more than 38 percent of its ownership to a blockchain consortium in Singapore, Coindesk Korea reported this morning. The stake was sold for 400 billion won, or $350 million USD.

Stake Sold

Bithumb signed the deal on October 11th with BK Global Consortium. BK Global Consortium is a blockchain investment firm that was formed by BK Global, a plastic surgery medical group in Singapore.

BTC Holdings Company currently owns 76 percent of Bithumb’s equity and has agreed ...

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Largest South Korean Exchange Launches Crypto Market Indices

Largest South Korean Exchange Launches Crypto Market Indices

The largest crypto exchange in South Korea by trading volume, Bithumb, has launched two cryptocurrency market indices. One tracks all coins listed on the exchange while the other tracks only altcoins. Meanwhile, Upbit, the country’s largest crypto exchange by the number of coins listed, has two similar indices and sub-indices divided into three broad categories.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Bithumb Launches Crypto Indices

Largest South Korean Exchange Launches Crypto Market IndicesBithumb announced Wednesday the launch of Bithumb Crypto Index (BTCI) which comprises two separate indices.

The exchange detailed:

BTCI has been developed in consideration of market representation and liquidity to provide investors with a single indicator that can show the trends of the cryptocurrency market. It consists of Bithumb Market Index (BTMI)…and Bithumb Altcoin Market Index (BTAI).

BTMI is calculated based on all cryptocurrencies listed on Bithumb while BTAI only takes into account “all non-bitcoin cryptocurrencies” listed on the exchange. The former aims to provide “an overall view of the price changes in the cryptocurrency market” while the latter “a view of the price changes in the cryptocurrency market excluding bitcoin.” Bithumb began calculating BTCI on July 1. The index is calculated real-time and updated every 10 seconds.

Largest South Korean Exchange Launches Crypto Market Indices

At the time of this writing, Bithumb is South Korea’s largest crypto exchange by trading volume, according to Coinmarketcap. With 53 cryptocurrencies listed for trading against the Korean won, the exchange has a 24-hour trading volume of $726,488,270.

Upbit’s Crypto Indices

The country’s largest crypto exchange by the number of coins listed, the Kakao-backed Upbit, also has a crypto index called Upbit Cryptocurrency Index (UBCI). Launched in May, the index consists of two main indices: Upbit Market Index (UBMI) and Upbit Altcoin Index (UBAI). However, there are also over 20 sub-indices grouped into three broad categories: market, theme, and strategy.

Largest South Korean Exchange Launches Crypto Market Indices“The index is designed to help investors grasp the movements of the cryptocurrency market at a quick glance,” Business Korea detailed at the time and quoted Lee Seok-woo, the president of Dunamu Inc. which operates Upbit, commenting:

The UBCI will become a standard in observing the whole cryptocurrency market…We will improve it in terms of technology and management to make it a representative index not only in the Korean market but in the global market.

Largest South Korean Exchange Launches Crypto Market Indices

At the time of this writing, Upbit has a 24-hour trading volume of $292,249,180, making it the second-largest crypto exchange in Korea by trading volume, according to Coinmarketcap. The exchange currently has 166 coins listed and supports 276 markets.

What do you think of Korean exchanges’ crypto indices? Let us know in the comments section below.


Images courtesy of Shutterstock, Bithumb, and Upbit.


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Korean Crypto Giant Bithumb is Launching a Decentralized Exchange

Perhaps inspired by the world’s largest cryptocurrency exchange Binance to launch a decentralized exchange (DEX) by 2019, Bithumb, a major digital asset trading platform in South Korea, has announced its plans to operate a DEX in the months to come. Bithumb DEX, which is expected to target the global cryptocurrency market, will be launched under

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Japan Gov’t Outraged by $60m Crypto Hack of Zaif, Regrets Lack of Suspension

Earlier this month, major Japanese crypto exchange Zaif was hacked, losing $60 million worth of crypto in user funds. The Financial Services Agency (FSA), the main financial watchdog of Japan, has stated that it regrets allowing Zaif to continue its operation after the exchange was given two warnings to drastically improve its system. “It is

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PR: Bithumb to Hold Transaction Fee Payback Promotion for Overseas Users

Bithumb to Hold Transaction Fee Payback Promotion for Overseas Users

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Refund benefits for KRW 1 Billion transactions in a limited time from September 20
Bithumb, a global cryptocurrency exchange will offer overseas users an event to payback 70% of transaction fees as an expression of appreciation for their support and loyalty.

Bithumb is planning to hold a ‘Cryptocurrency Transaction Fee payback promotion’ for overseas users from September 20 to October 21, 2018 (GMT +9) Korean Standard Time. The event is for the overseas users who have completed transactions over KRW 1 Billion (Approx. USD 890,000, Bithumb cash standard) and are to expecting to get payback 70% for the transaction fees incurred within this period.

Transaction fees will be refunded in consecutive order from November 5 until November 9, 2018 for five days (GMT +9) Korean Standard Time

This event is exclusively for overseas users, not only existing users but also newly joined users are welcome to participate. However, those who are Korean nationals and joined through Korean mobile number are excluded this time.

According to Head of Marketing Department of Bithumb, Andy Choi, “global interest in cryptocurrencies such as Bitcoin and Ethereum is growing due to fast international money transfer as well as easy transaction.“ And he added, “We appreciate our overseas users for their trust in and transaction on Bithumb. We are glad to continue this event in September as well to reward them for their support“

For global customer’s convenience, Bithumb provides a foreign language counseling service in English, Japanese and Chinese, further strengthening its position as a leading cryptocurrency exchange in the world.

For inquiries, please email at global_mkt@bitcash.com / +82-2-6978-7181

Supporting Link
https://www.bithumb.com/merchant/gwbanner?bsid=PR0919WAA&utm_source=btc&utm_medium=ww&utm_campaign=PR

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Decentralized Crypto Exchange is Solution to Hacks, Will They be Ready?

Not long after the successful hacking attempts on crypto exchanges Bithumb and Coincheck, Japan’s Zaif was hacked, losing $60 million in user funds. All three exchanges were found to have poor security measures. Coincheck in particular, which lost more than $500 million in XEM, the native cryptocurrency of NEM, outraged investors in Japan after the … Continued

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How the Recent $60 Million Crypto Hacking Attack Will Impact Japanese Market

Zaif, a major crypto exchange in Japan, was hacked this week, losing nearly $60 million in user funds in a high profile security breach. Local publications including Japan Times reported that 6.7 billion yen was stolen by an unknown group of hackers, 2.2 billion yen in corporate funds and 4.5 billion yen in user funds … Continued

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Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders

Two major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won. Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Bithumb Goes All Real-Name

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto TradersBithumb, the largest crypto exchange by trading volume in South Korea, announced on Friday, Sept. 14, that it will terminate fiat withdrawal service for all users without verified real-name accounts.

The service will end on Oct. 1 for corporate members and on Oct. 15 for individual members. Bithumb says the move is to comply with the government’s anti-money laundering policy.

However, the exchange clarified that this announcement only affects fiat withdrawals, emphasizing:

Cryptocurrency transactions and withdrawals can be used normally.

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto TradersThe South Korean government introduced the real-name system for crypto exchanges at the end of January. Members of an exchange using this system can convert their accounts to real-name ones at the bank that provides the conversion service to the exchange.

So far, banks have only been offering this service to the country’s top four exchanges – Bithumb, Upbit, Coinone, and Korbit. Nonghyup Bank provides this service to Bithumb and Coinone.

Despite efforts by the government, banks, and exchanges, local media recently reported that only about 40-50 percent of accounts at the four exchanges have been converted to date. News.Bitcoin.com reported last week that banks have been pressuring crypto exchanges to take measures to ensure conversion in order to reduce the risk of money laundering.

Coinone Makes Similar Move

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto TradersSouth Korea’s third-largest crypto exchange, Coinone, also made a similar announcement on Friday.

The exchange explained that “Nonghyup Bank requested Coinone to limit the withdrawal of Korean currency” for members who have not verified their accounts by a certain date “pursuant to the Act on Reporting and Utilization of Specific Financial Transaction Information.” Coinone elaborated that effective Oct. 15:

In order to comply with the government policy related to virtual currency transactions, we will limit the withdrawal of persons who have not completed the real name verification.

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto TradersAfter Oct. 15, users who do not have real-name accounts will be “unable to deposit and withdraw in Korean currency,” Coinone wrote. The exchange is asking users to make withdrawals before that date if they do not plan to convert to real-name accounts by then.

“When you authenticate real-name verified accounts, you can deposit and withdraw in Korean currency,” Coinone described. Like Bithumb, the exchange reiterated that the notice does not affect crypto trading, deposits, or withdrawals. Both exchanges have also confirmed that corporations, minors, and foreigners are not eligible for real-name conversion.

At the time of this writing, Upbit and Korbit, which do not use Nonghyup Bank, have not announced that they will stop providing Korean won withdrawal service to unverified users.

What do you think of Bithumb and Coinone disallowing fiat withdrawals for users without real-name accounts? Let us know in the comments section below.


Images courtesy of Shutterstock, Bithumb, and Coinone.


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Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages

Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages

A major South Korean insurance company reportedly will start offering cryptocurrency exchanges insurance aimed at compensating for damages caused by hacking, according to local media. Currently, few crypto exchanges in the country are insured and hacking damages are not covered.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Introducing Hacking Insurance

A major South Korean insurance company, Hanwha Insurance, is reportedly introducing a new type of cyber insurance product this month aimed at providing compensation for hacking damages of domestic crypto exchanges, local media reported this week.

The Asia Times described:

Cyber insurance, which [crypto] exchanges have joined in the past, is a compensation for the leakage of personal information, but the new product also compensates for the damage caused by hacking.

Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages Hanwha Insurance was quoted revealing that they “plan to start negotiations with individual exchanges for insurance from next month.” However, the company added that “even if the exchange wants to join, it will require much coordination, as the insurance and reinsurance companies need to meet in order to get insurance.”

The publication noted, “exchanges may be reluctant to take out insurance if sufficient compensation is not provided or the premium is too high.”

Rising Demand for Hacking Insurance

Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking DamagesThe demand for insurance coverage for hacking damages has been growing in South Korea since the hack of Bithumb and Coinrail in June.

While Bithumb already has two insurance policies, one with Hyundai Marine & Fire Insurance Co. and the other with Heungkuk Fire & Marine Insurance Co., CBC News noted that they do not cover hacking damages, adding:

Bithumb has two cyber comprehensive insurance policies [covering] violation of information maintenance, data loss and theft, cyber threats, and compensation for investor personal information leakage.

Few Exchanges Are Currently Insured

In June, Business Korea reported that the Korean Blockchain Association was in talks with Hyundai Marine & Fire Insurance Co. and Hanwha General Insurance Co. over how to provide insurance coverage for crypto exchanges of any size. The publication detailed:

The association has been continuously holding negotiations with insurers from April on behalf of its member exchanges. This is because insurance companies are reluctant to accept cryptocurrency exchanges as their policyholders due to their credibility and security issues.

The association has 23 members that are crypto exchanges, including the country’s largest four. Upbit, Bithumb, Coinone, and Korbit already have insurance but the coverage amounts are low. According to the news outlet, Bithumb is insured up to 6 billion won (~$5.3 million), Upbit up to 5 billion won (~$4.5 million), and the other two exchanges up to 3 billion won (~$2.7 million) each.

What do you think of insurance companies offering coverage for hacking damages? Let us know in the comments section below.


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Trader Alleges Bithumb is Losing $150,000 USD Daily to Washtrading

Trader Alleges Bithumb is Losing $150,000 USD Daily to Washtrading

A trader has posted on Twitter alleging that an actor is taking advantage of Bithumb’s 120% fee payback to milk the platform of approximately $150,000 USD each day through washtrading.

Also Read: Uzbekistan Legalizes Crypto Exchanges and Trading

Twitter Trader Claims Bithumb’s Promotional Fee Schedule is Getting Exploited

The Twitter account of Alex Kruger, a cryptocurrency trader, has posted allegations Bithumb is losing roughly $150,000 each day to a single opportunist actor who is exploiting the exchange’s 120% fee payback schedule.

Summarizing his findings, Mr. Kruger asserts that “There currently are USD 250 million of fake volume traded at Korean crypto exchange Bithumb, every day at 11 AM Korean Time, since August/25.”

Trader Alleges Actor is Rorting Bithumb Through Washtrading

Trader Alleges Bithumb is Losing $150,000 USD Daily to WashtradingElaborating upon his theory, Mr. Kruger posted “Bithumb offers 120% payback of trading fees as an airdrop,” before quoting Bithumb’s website – “Daily Limit 1 billion KRW, First Come First Served.” As of this writing, 1 billion KRW equates to approximately $890,068.

“Trading fees are 0.15% taker,” his post continues. “Wash trading conducted by entering two opposite limit orders => Total fees 0.3%. Rebate is for 120% => 0.36%. To collect the full KRW 1 billion rebate a wash trader must thus trade KRW 278 billion. That is USD 250 million in daily fake volume.”

31,000 BTC Traded at 11 AM on Bithumb Daily

Again citing Bithumb’s “First Come First Served” stipulation, Mr. Kruger links to a chart that shows 31,000 BTC being executed at 11 AM each day, stating “Notice how 31K bitcoin are traded at exactly 11 AM. That represents KRW 252 billion,” also asserting that “The remainder KRW 26 billion are traded in other coins.”

Mr. Kruger concludes that “some smart trader/s are milking […] Bithumb every day,” adding that “The amount traders collect from Bithumb is USD 150,000 daily. Or USD 4.5 million for the duration of the promotion. Expensive marketing campaign.”

News.Bitcoin.com reached out to Bithumb for commentary, however, did not receive a response.

What is your response to the theory that a trader or traders are exploiting Bithumb’s 120% fee payback through washtrading? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Twitter


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Bittrex to Delist Bitcoin Gold Over 51% Attack

Bittrex to Delist Bitcoin Gold Over 51% Attack

Over the last nine months, news.Bitcoin.com has reported on the many misfortunes the project Bitcoin Gold (BTG) has experienced. The forked protocol has been mired with issues and controversy since the day the project was announced will be delisted from the exchange Bittrex. The Seattle-based trading platform says they lost over 12,000 BTG during the network’s 51% attack, and the firm had asked the BTG development team to compensate them for the loss.

Also Read: New Information Heightens Satoshi Nakamoto Mystery     

The Bitcoin Gold Project’s Constant Dilemmas

Bittrex to Delist Bitcoin Gold Over 51% AttackAt news.Bitcoin.com we’ve reported on Bitcoin Gold (BTG), a fork of Bitcoin Core (BTC) numerous times, as the project has constantly been the center of many controversies. The project was first announced as a BTC fork that would attempt to be ‘ASIC resistant‘ by utilizing a consensus algorithm called Equihash. Unfortunately for the team, the project has been plagued with constant issues and contentious announcements like the development team choosing to claim a pre-mine before launch. Then there were third-party wallets that allegedly stole people’s keys, and of course, the cryptocurrency’s horrendous market performance since BTG started trading. Then, this past May it was discovered that Bitcoin Gold was not so ASIC resistant as the network was manipulated in a 51% attack.

Bittrex to Delist BTG Because of the 51% Attack

Bittrex to Delist Bitcoin Gold Over 51% AttackOf course, the development team vowed to fork the currency so it could change the consensus algorithm to be ‘ASIC resistant’ and the protocol was changed, but exchanges had lost a lot of money due to the 51% attack. Numerous exchanges including Binance, Bitinka, Bitfinex, Bittrex, Bithumb, and Hitbtc lost funds and the hack resulted in a total loss of around 388,000 BTC or $18M USD at the time of the hack. Bittrex lost approximately 12,372 BTG and asked the BTG development team to compensate the firm for the losses, according to the BTG organization.

“We regret to inform our community that the crypto exchange Bittrex has decided to de-list BTG after we declined to pay them 12,372 BTG to remain listed,” explains the BTG team. “Bittrex informed us that they make this decision because the BTG team would not “take responsibility for our chain,” and that taking responsibility meant paying Bittrex 12,372 BTG to cover the loss they incurred.”

They later informed us they would cover part of the loss from their own BTG reserves and requested we pay the remaining ~6000 BTG, and that if we did not, we would be delisted.     

BTG 51% Attack Begs the Question — Is a Network That Claims to be ‘ASIC Resistant’ Responsible for Exchange Hacks?

According to the BTG developers, they did not accept the 6,000 BTG offer and will still be delisted from the Seattle-based exchange. The BTG team instead explains how they helped Bittrex and other trading platforms when the attack had occurred the best they could. BTG developers detail they took “every reasonable step to try to help ensure Bittrex’s safety against this threat.” Moreover, the BTG organization says that other exchange owners can be sure in the future they will be of assistance.

With cryptocurrencies that have very little to no hash power-backed security, exchanges are taking a big risk by listing certain digital assets, as BTG is not the only cryptocurrency network that’s suffered from a 51% attack. However, the BTG team initially claimed the network would be ‘ASIC resistant’, a promise they could not fulfil.

What do you think about Bitcoin Gold being delisted from Bittrex because of the 51% attack? Let us know what you think about this subject in the comment section below.


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Bithumb Will Re-open Account Registrations!

Bithumb will reopen account registrations

The second largest South Korean cryptocurrency exchange, Bithumb will reopen account registrations after a month of closure.

The reason is down to the exchange regaining its partnership with Nonghyup (NH) Bank.

Bithumb will Reopen Account Registrations

In South Korea, crypto exchanges must provide virtual bank accounts so users can withdraw and deposit Korean won without having to go through their banks. This is for efficiency and security.

And on August 30th, NH Bank, one of South Korea’s largest financial institutions, will sign an agreement with Bithumb to provide these virtual bank accounts ...

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Korea’s 2nd-Biggest Crypto Exchange Resumes User Registrations as Market Improves

Bithumb, South Korea’s second-biggest crypto exchange by daily trading volume behind UPbit, will officially resume registrations for new investors as early as this week. NH Bank, one of the largest financial institutions in the country, is set to sign an agreement with Bithumb on August 30 to provide virtual bank accounts to Bithumb users, which … Continued

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