South Korea crypto tax discussions are intensifying as senior finance officials prepare to meet major exchanges before a planned January implementation date. According to Yonhap, the consultation will include representatives from Upbit, Bithumb, Coinone, DigitalX and Gopax, as well as…
Bithumb To Fund $9 Million Loss and 10% User Compensation?
South Korean cryptocurrency exchange bithumb is under scrutiny after a major payout mistake during a promotional event led to tens of billions of Korean won being sent in Bitcoin instead of small cash rewards. The company has pledged to absorb $9…
Did Bithumb glitch push Bitcoin to $55k on its exchange?
South Korean cryptocurrency exchange Bithumb reported that a system malfunction during a promotional payout on Friday caused an unintended allocation of Bitcoin to some customers, briefly sending prices on its platform sharply lower. The company said the incident stemmed from a configuration error…
Bithumb pushes cryptocurrency adoption in Korea
Bithumb, the largest crypto exchange in Korea is pushing cryptocurrency adoption in Korea. Over 6,000 stores in the country will soon accept cryptocurrency as a mode of payment, thanks to Bithumb.
