Generating

839+ related results were found.   
Subscribe Query
Crypto
TRX,BNB
WINkLink(WIN)

$9.38e-5

-2.38%

Market Cap
90.21m
 

-2.38%

Volume (24h)
18.91m
 

18.12%

Released on 01 Aug 2019
CryptoPotato
CryptoPotato
Bithumb Rockets to All-Time High in Korea: Claims 72% Market Share Over Upbit
13 days ago
CryptoPotato
CryptoPotato
followers

South Korea’s crypto landscape was dominated by Upbit for the longest time. However, there seems to be a shift underway as Bithumb gains momentum, gradually capturing Upbit’s market dominance. The latest development surfaces amid intensifying crypto trading activity in South Korea, particularly with the surge in Bitcoin trading. Bithumb’s Market Share Peaks at 72% Crypto trading activity in South Korea has seen a notable increase, particularly in light of the broader market rebound. Upbit and Bithumb, the top exchanges in the country, both saw their trading volumes peak during the first week of January 2024. These exchanges have been locked in intense competition with each other. Recent findings from Kaiko suggest that Bithumb briefly reached an all-time high market share of 72% in early February compared to its main competitor, Upbit. #Bithumb market share of volume relative to its main rival #Upbit briefly hit an all-time high of 72% in early February amid surging BTC trading. pic.twitter.com/ghZZ7WLzvs — Kaiko (@KaikoData) February 16, 2024 In January, Bithumb emerged as the leader in crypto trading in the country, with its Bitcoin volume nearing $3 billion, while Upbit’s volume stayed below $1 billion. Bithumb’s strategy to strengthen its domestic market presence included being the first major Korean exchange to eliminate transaction fees for all supported digital assets. Although this move briefly boosted Bithumb’s market share, it was not a sustained advantage as Upbit’s trading volume recovered shortly thereafter. Bithumb is currently preparing to enter the KOSDAQ, South Korea’s equivalent of the Nasdaq in the United States, by the latter part of 2025. This step would mark it as the first digital asset company to undergo the process of becoming publicly traded on the South Korean stock market. The exchange has reportedly roped in Samsung Securities as a potential underwriter for the process. Setback For Bithumb’s Expansion Despite the growth, Bithumb has witnessed its fair share of turmoil. The crypto exchange failed to secure a deal with major local lender KB Kookmin Bank to establish real-name accounts for disclosed reasons. Bithumb Korea had aimed to establish a new partnership with KB Kookmin Bank to broaden its user base, as its existing contract with NH NongHyup Bank is set to expire on March 24. According to the Act on Reporting and Using Specified Financial Transaction Information, virtual asset exchanges in Korea are required to utilize real-name accounts for transactions involving the Korean won through commercial banks. Failing to comply with this requirement could potentially hinder Bithumb’s efforts to attract more traders. The post Bithumb Rockets to All-Time High in Korea: Claims 72% Market Share Over Upbit appeared first on CryptoPotato.

13 days ago
Crypto
ETH,BNB,OP,ARB
Franklin(FLY)

$1.75e-3

-7.05%

Market Cap
N/A
 

Volume (24h)
1.19m
 

87.24%

Released on 06 Apr 2021
Cointelegraph
Cointelegraph
followers

The National Anti-corruption Commission of Australia has accused a federal police officer of wiping a Trezor hardware wallet containing 81.62 Bitcoin (BTC) at a crime scene and transferring it into his own possession, after tracing the transactions using crypto tracing software. According to a recent report, the Australian police found the hardware wallet during a drug raid at a residence but waited about three weeks to obtain court permission to access it. Upon accessing the wallet, there was no Bitcoins at all, having allegedly been emptied shortly after the raid. The hardware wallet allegedly had 81.62 Bitcoin, valued at $309,000 at the time of the raid in 2019. However, at the time of publication, it is worth approximately $4.2 million USD. Detective Sergeant Deon Achtypis of the cyber crime squad indicated that authorities initially believed an associate of the crime syndicate was responsible for the Bitcoin theft. Related: South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal The suspicion came about as the police force also discovered a device containing the seed phrase to the hardware wallet, which is a sequence of 12 to 24 random words that can be used as a recovery method in case the wallet is stolen or lost. However, after an extensive investigation looking into IP addresses used to access the stolen Bitcoin, Achtypis allegedly found a link to federal agent William Wheatley. “I formed the opinion that a police member may have been involved in the movement of the cryptocurrency.” Advancements in crypto detective software technology is leading to a higher rate of recovered stolen crypto. On Jan. 29, Cointelegraph reported that over $674 million was recovered from more than 600 large-scale crypto hacks in 2023.  #PeckShieldAlert 2023 saw 600+ major hacks in the crypto space, resulting in ~$2.61B in losses, with $674.9M recovered. $1.51B lost to hacks (excluding #Multichain unauthorized withdrawals) & $1.1B to scams. This marks a 27.78% decrease from 2022. #DeFi protocols remained prime… pic.twitter.com/G7PIU3WyrX — PeckShieldAlert (@PeckShieldAlert) January 29, 2024 Meanwhile,Wheatley is pleading innocent against accusations of exploiting his position as a public officer for personal gain, theft, and involvement with proceeds of crime. He is reportedly prepared to contest the charges related to the crypto theft. This comes amid Trezor's acknowledgment of a security breach affecting nearly 66,000 users. On January 20, Cointelegraph reported that Trezor disclosed unauthorized entry into a third-party support portal on January 17. The company warned that individuals who had engaged with Trezor's support team since December 2021 might have had their data compromised in the incident. Magazine: $3.4B of Bitcoin in a popcorn tin: The Silk Road hacker’s story

11 days ago
Crypto Revolution Masters
Crypto Revolution Masters
followers

🚨What happened in Crypto in the last 12h?🚨 • Thundercore $TT will be listed on Bithumb today. • $APE - Apecoin DAO on its decision to develop ApeChain utilizing the Arbitrum tech stack. • $APT - Aptos partners with Jambo to introduce 'JamboPhone', a $99 device. • $GLMR - Moonbeam partners with crypto gamer Animo with goal to bring 'Stars Arena' to PlayStation. • $KLAY $FNSA - The merger proposal of Klaytn and Finschia projects has been approved. • $LINK - Chainlink partners with Spain's Telefonica. • $NAKA - Nakamoto Games launches P2E game StackBreaker tomorrow. • $RON - Ronin to reduce Katana DEX liquidity mining rewards from Mar 1. • $STRAX - Stratis is set to launch StratisEVM Network on Mar 21. Token swap will be supported in CEXs. • $TRX - Tron unveils roadmap for Bitcoin Layer 2 solution. $BTTC • $USTC - #wemintcash announces Burndrop program. (Burn $USTC / Earn $ANCS #oppaMINT) • $UNI - Uniswap announced that it will release Uniswap V4 in the Q3. • $WLD - OpenAI introduces Sora, its text-to-video AI model. *Google has announced Genini 1.5 Pro. • Coinbase International to list DOT, ICP, NEAR perpetual futures on Feb 22.

13 days ago
Crypto
ETH
Energi(NRG)

$0.12

1.56%

Market Cap
9.13m
 

1.56%

Volume (24h)
221.70k
 

-5.86%

Released on 23 Aug 2018
Lambe Kripto
Lambe Kripto
followers

🌐Rumors Manta Network was suspected of money laundering via Bithumb on the day of listing. - 2M MANTA transferred to BD Korea MANTA personal wallet - 2 million MANTA deposited into Bithumb deposit wallets, accounting for more than 75% of Bithumb's total circulation volume. - Within 5 minutes of listing, the price of MANTA bithumb jumped to $230 - BD dumped all 2M mantas at 50~100x price - BD exchanged all the money to ethereum and transferred 2,094.7 ETH to his personal wallet. ($5,162,112) 🔴Manta Network responded that they allocate part of the Ecosystem/Community funds to Korean BD based on a token economic model. #TrendingTopic #MANTA #TradeNTell #ARB #BTC 👉Follow, Like, Comment & Share 💖

about 1 month ago
CoinVoice
CoinVoice
followers

CoinVoice recently learned that according to EToday reports, Lee Jeong-hoon, the former chairman of South Korean crypto trading platform Bithumb, was acquitted in the first and second trials for allegedly defrauding 110 billion won. Last November, former Bithumb chairman Lee Jung-hoon was sentenced to eight years in prison. [original link]

about 1 month ago
深潮 TechFlow
深潮 TechFlow
followers

According to Definalist, Manta Network was suspected of conducting money laundering activities through Bithumb on the day its Korean BD was listed. Specific activities are as follows: 2 million MANTA to the personal wallet of BD in South Korea, and then deposited 2 million MANTA into Bithumb, accounting for more than 75% of Bithumb's total circulation. As a result, the price of MANTA on Bithumb soared to $230 in less than 5 minutes after being listed. BD converted 2 million MANTA into 2,094.7 ETH (USD 5,162,112) at a price of 50 to 100 times and deposited it into his personal wallet.

about 1 month ago

Loading...