One of the world’s largest Bitcoin and Ether cryptocurrencies exchanges Bithumb has recently been hacked, resulting in loss of more than $1 Million in cryptocurrencies.
As a result of the Nexon confirmation, Bithumb will remain a sole entity.
It is believed that the acquisition of Bithumb by Nexon may greatly contribute to the creation of a positive image around the platform in particular and the industry in general.
South Korean lawmakers want to delay the implementation of the new rules in order to give more time to crypto exchanges to get ready.
The Clover blockchain aims to bring cross-chain compatibilities to the DeFi market and will leverage Polkadot’s parachain infrastructure for transferring assets and value across different platforms.
The previous police raid came after Seoul police allegedly directed initial investigations at Bithumb office on September 2.
Bmining, the mining platform originated from the Bithumb family, has officially launched a new DeFi line, bmining.finance.
Tap Global lets users convert their crypto into some of the most used fiat currencies: USD, Euro, Pound Sterling, and AUD is coming soon. The conversion happens at the best rates too.
Tap Global is authorized and regulated by the Gibraltar Financial Services Commission and insured up to €100 million USD by Lloyd’s of London.
Coinbase CEO Brian Armstrong has said that the exchange has refused to list Monero (XMR), first of all, because of teh issues with regulators.
South Korea has amended its law to charge a 20% tax on crypto earnings above 2.5 million KRW. The tax amendments should be approved by the parliament.