Bithumb, one of South Korea’s major cryptocurrency exchanges, is expanding its geography to Thailand and Japan.
$30 million worth of undisclosed cryptocurrencies has been stolen from Bithumb, one of the largest crypto exchanges in South Korea by trading volume.
Although financial regulators found no evidence of suspicious business activities, the exchange still has to pay taxes amounting to $28 million.
This step from Bithumb is in line with maintaining more transparency in its operations while complying with all the regulatory measures.
FTC asked to revise the adhesion contracts as they were causing problems for the user in withdrawals thereby largely compromising the consumer’s interests.
GIA Sunrise Inc, digital asset management corporation specializing in the blockchain commodity management and execution of arbitrage, works to shake up digital economy and become the leader in the destined-for-success blockchain tech.
Cryptocurrency exchanges will be now required to pay corporate and local income tax on their yearly reported earning.
Data changes made by CoinMarketCap shows tumbling cryptocurrency market and causes an uproar in the crypto community.
The virtual currency has reached the highest level in its history, owing to the sharp growth in trading volume and an expected launch on Bithumb.
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.