It was announced a year ago, that, Bithumb, a struggling Korean cryptocurrency exchange, would be taken over by another entity. Currently, the whole contract may not be completed.Contract DetailsIn October 2018, BK Global Consortium announced the acquisition of 50% +1 share of BTC Holding Co. which is currently the largest investor in the Bithumb crypto exchange. As reports show, the transaction was supposed to reach a value of around 333 million dollars. What is more - the consortium made 100 million advance payments, which were supposed to be allocated for the creation of its own cryptocurrency. The creation of the cryptocurrency plan was not carried out, however and there is even a problem with the acquisition of the exchange. Bithumb has been facing various problems since the very beginning. It was the victim of hacker attacks more than once, the government accused it of tax fraud (the founders were finally acquitted). The whole year 2018 brought significant losses, resulting in mass layoffs and exchange's financial losses.
Not only the Western big companies are serious about entering the cryptocurrency market. SM Entertainment, the largest Korean entertainment company, has announced an intention like that.
Both Bitcoin and other altcoins have recorded fast and significant declines in the last several hours. Is this a crisis in the cryptocurrency industry?
From now on, the ShortHop cryptocurrency exchange operates in seven more states of the US. It will allow customers to use various platforms' wallets through a single point of contact.
Twitter chief, Jack Dorsey, when asked about the future of the fintech industry, ventured a thesis concerning Bitcoin as a global currency.
Facebook's Libra has been in the spotlight for the last few months, and not in a good way. Now, however, the voices of criticism are promoting a very similar project. Coincidence? Don't think so.
Grant Thornton, a company specializing in taxes and auditing, made an announcement regarding progress in securing funds stolen from the Cryptopia exchange.
Tyler and Cameron Winklevoss have always been supportive of the cryptocurrencies. Now they want to forget old animosities for the sake of this industry.
The topic of the cryptocurrency in the United States is still relevant. A delegation from the US House Financial Services Committee will raise the issue of Libra in Switzerland.
Head of Binance, Changpeng Zhao, claims that the cryptocurrency exchange will re-enter the cryptocurrency market in the United States. No specific date has been given yet, but the declaration was quite firm.
Samsung has placed Blockchain Keystore, a cryptocurrency wallet, in its flagship smartphone. It finally has the function that everyone was waiting for.
New Zealand officially declared income in cryptocurrencies as legal. The country introduced a formula on how to tax this income as well.
Sun Network version 1.0 has launched. Right now, Justin Sun's priority is getting TRX to the biggest exchanges in the USA.
Are you considering investing in BTC and do not know if it is worth giving it a shot? Cryptocurrency analyst advocates that BTC is an extremely profitable asset!
Cryptocurrency exchanges are often attacked by hackers. An American cryptocurrency exchange, Coinbase, is an example of the exchange that is a victim of such an attack.
An anti-laundering (AML) technology has been integrated into a Japanese crypto exchange - VC Trade. This technology was created by CoolBitX, a Taiwanese virtual currency hardware wallet company.
Amazon is trying to become popular in every possible industry. And, apparently, it is unlikely that the company is going to slow down over the coming years. One of the largest global trading companies is now looking for an engineer that would join the blockchain team.
Donald Trump's ex-advisor, Steve Bannon, shares his opinion about cryptocurrencies. He believes that Bitcoin is a part of society's rebellion.
The court is postponing its decision about the Bitfinex exchange. The case has been on the docket since April, and the judges don't know when they will come to some conclusion.
The Inter-ministerial Committee (IMC), established to examine Bitcoin and cryptocurrency regulations in India, states that the government should put a complete ban on cryptocurrencies.
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