Bithumb and Korbit, two of the largest cryptocurrency exchanges in the South Korean market, have announced that Kookmin Bank deposits and withdrawals will be disabled by the end of January. Shinhan Bank Will Support Cryptocurrency Exchanges Kookmin Bank, the biggest financial institution in South Korea, has decided not to support cryptocurrency...
A South Korean bitcoin exchange is moving to declare bankruptcy following what it said was a debilitating hack and theft. A message on Youbit's official website states that at around 4:34 a.m. local time, an external hack resulted in the loss of "about 17% of total assets." The cyber attack is the second for...
Bittrex users took to social media to voice their concerns: something is wrong at the third largest cryptocurrency exchange in the world. Customers openly complain they’re having issues with withdrawals, and this has been going on for weeks. Certainly every popular platform has had its share of problems with runs...
The price of bitcoin has once again reached a new price high on December 6 touching $14K across exchanges worldwide. The value touched an all-time high of $14,047 and quickly dropped to the $13,500 range shortly after. At the moment order books across exchanges are going wild. The bitcoin price...
A vice governor of China’s central bank has doubled down on the regulator’s sweeping ban on ICOs in September that also led to the shuttering of local bitcoin exchanges. According to People’s Bank of China (PBoC) vice-governor Pan Gongsheng, authorities were right to crack the whip on initial coin offerings...
Adam White, vice president of Coinbase Inc., tried to offer some perspective amidst the numerous claims about bitcoin being a bubble amidst the cryptocurrency breaking the $10,000 price point. White told Emily Chang of Bloomberg that he disputes the contention that bitcoin is a bubble, although he acknowledged that the price is an easy metric...
The price of bitcoin is trading above $10,000 at several South Korea-based bitcoin exchanges, market data reveals. On Bithumb – the region's largest exchange by trade volume – bitcoin is trading at roughly $10,052. On exchanges Coinone and Korbit, the cryptocurrency is trading at around 10,979,500 KRW ($10,108) and 10,960,500 KRW ($10,047), respectively. By contrast, the...
Phishers impersonating exchanges are going for round two. ETHNews recently reported that an emailer from [email protected] sent false "new device" alerts to users in a bid to get access to their Coinbase accounts. Now the entity behind [email protected] may be at it again with a new message. This morning, November 21, 2017, at 8:21 ETHNews received an email...
A Mt Gox initial coin offering (ICO)? It's not unthinkable, according to the defunct bitcoin exchange's controversial CEO. In a blog post published yesterday, Mark Karpeles detailed possible avenues for reviving Mt Gox, the once-dominant Japanese bitcoin exchange that collapsed amid allegations of fraud and mismanagement in early 2014. Hundreds of millions...
Users of Bithumb, the world’s largest cryptocurrency exchange, have filed a class action lawsuit following a costly server outage on November 12. Despite only lasting 90 minutes, the outage cost traders millions of dollars, occurring at the height of frenzied bitcoin cash trading. One customer complained of losing 250...