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.
Crypto exchange FTX is reportedly in talks to buy Bithumb. The legal issues connected to its former chairman will, however, hinder any possible sale.
According to the authority, the gift tax rate will depend on the case, and the range is between 10% to 50%.
The possible acquisition of Bithumb by FTX could mark one of the exchange’s first attempts to directly connect with the South Korean crypto ecosystem.
The new code will protect investors by systemizing token listings and delisting.
Upbit and other South Korean crypto exchanges are choosing to shed off LTC in hopes of staying compliant and avoiding troubles with the regulatory agencies.
Experts noted that the belief that Russians could use cryptocurrencies to dodge sanctions may be false as the spike in the price of Bitcoin cannot be attributed to Russians buying more cryptos.
In recent measures to comply with the regulatory oversight, Bithumb has banned its employees from engaging with any crypto trading activity on the platform. The policy which aims to curb unfair trade practices and market manipulation is already under implementation.
The Binance token listing has already taken place on the Bithumb platform. Its listing went live at around 5:00 pm Korean time.
The first-ever educational token in history named Student Coin (STC) has been created at the world’s best universities, for the huge academic tokenization that is already supported by over 500 universities.
The iExec network announced $1 million in rewards and grants for developers to unlock new opportunities using the iExec protocol. Recently, iExec also announced its participation as a technology provider in the EU-backed Data Cloud project.
