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Category: Bithumb

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Bank Of Korea Wants Crypto ‘Circuit Breakers’ After Bithumb’s 620,000 BTC Mistake

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The Bank of Korea (BOK) has urged the cryptocurrency industry to adopt stronger safeguards after a major operational failure at crypto exchange Bithumb earlier this year.  In comments made on Monday, South Korea’s central bank suggested that crypto exchanges should use new mechanisms designed to prevent mistakes like the one that led to an erroneous […]
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Bithumb Issues Statement Over Reward Payment Error – Details

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Korean exchange Bithumb has cleared the air over an internal error that credited certain user wallets with a “concerning” amount of BTC. Notably, this mishap resulted in significant price volatility on the exchange, drawing attention from observing crypto enthusiasts. Related Reading: Bitcoin’s Biggest Holders Pull Back, Control 68% Of Supply Bithumb Moves To Wrap Up […]
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Crypto Controversy: SKorean Lawmaker Scrutinized Over Family’s Exchange Links

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Kim Byung-kee, the floor leader of South Korea’s ruling Democratic Party, is under fresh scrutiny after reports linked his family ties to a major crypto exchange with his recent parliamentary actions. Related Reading: Times Square Goes Crypto: XRP “589” Catches Ex-CFTC Chair’s Eye Based on reports, his son took an internship at Bithumb and, not […]
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South Korea’s Crypto Scene Shrinks As Traders Flock Offshore: Report

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South Korean crypto trading is shifting overseas as domestic exchanges see big drops in fiat deposits and trading activity, according to reports. While user numbers have risen, the money parked in won and the size of local markets have shrunk, signaling that more capital is finding its way to foreign platforms. Related Reading: Chinese National […]