Bithumb

Bithumb Global Launches New Smart Token: BTCS

Tuesday, July 21, 2020 - 4:08am

Bithumb Global recently launched their smart token BTCS , along with ETHS, XRPS, LTCS, BCHS, BSVS and COMPS.

Key Points: 
  • Bithumb Global recently launched their smart token BTCS , along with ETHS, XRPS, LTCS, BCHS, BSVS and COMPS.
  • Here are some basic characteristics of smart tokens to understand how they really work:
    A smart token can be purchased by just about anyone.
  • ETFs sometimes face liquidity crunch:As explained earlier, Bithumb Global smart tokens could be purchased or liquidated anytime through the platform.
  • Smart tokens are stable: The smart contract automatically maintains the exchange price between a smart token and its pegged token/coin.

Bithumb Global Launches New Smart Token: BTCS

Tuesday, July 21, 2020 - 3:47am

Bithumb Global recently launched their smart token BTCS , along with ETHS, XRPS, LTCS, BCHS, BSVS and COMPS.

Key Points: 
  • Bithumb Global recently launched their smart token BTCS , along with ETHS, XRPS, LTCS, BCHS, BSVS and COMPS.
  • Here are some basic characteristics of smart tokens to understand how they really work:
    A smart token can be purchased by just about anyone.
  • ETFs sometimes face liquidity crunch:As explained earlier, Bithumb Global smart tokens could be purchased or liquidated anytime through the platform.
  • Smart tokens are stable: The smart contract automatically maintains the exchange price between a smart token and its pegged token/coin.

Bithumb Names Back Young Heo as New CEO

Monday, May 25, 2020 - 1:00pm

On May 19th, Bithumb Korea (Bithumb), a South Korean cryptocurrency exchange, announced Back Young Heos appointment as CEO.

Key Points: 
  • On May 19th, Bithumb Korea (Bithumb), a South Korean cryptocurrency exchange, announced Back Young Heos appointment as CEO.
  • View the full release here: https://www.businesswire.com/news/home/20200525005021/en/
    Bithumb Korea, a South Korean cryptocurrency exchange, appointed Back Young Heo as CEO.
  • Heo joined Bithumb in 2017 as the head of compliance and prior to Bithumb, worked in traditional finance for 14 years at Citibank, CitiCapital, ING Bank and ING Securities.
  • Heo joined Bithumb in 2017 as the head of compliance and prior to Bithumb, worked in traditional finance for 14 years at Citibank, CitiCapital, ING Bank and ING Securities.

Construction Expert Breezecoin (BRZE) Expands Further, Listed on CoinTiger Crypto Exchange

Friday, May 22, 2020 - 3:38am

- The spot trading of Breezecoin against BTC will be open at 08:00 on May 22, 2020 (UTC).

Key Points: 
  • - The spot trading of Breezecoin against BTC will be open at 08:00 on May 22, 2020 (UTC).
  • This is the second listing of Breezecoin following its recent one on Bithumb Global in late April.
  • Customers can pay for services, food and beverages, and even buy a property with Breezecoin in Breeze de Mar locations.
  • In addition to being a prominent exchange platform, CoinTiger also provides financial services, consulting, and funding to support the growth of promising blockchain projects.

UK Real Estate Cryptocurrency Breezecoin (BRZE) Lists on Bithumb Global

Monday, April 27, 2020 - 8:00am

UK, Apr 27, 2020 - (ACN Newswire) - Breezecoin (BRZE), a real estate cryptocurrency issued by Breeze de Mar, which is a real estate company with over 60 years of experience in the field, will be listed on the cryptocurrency exchange Bithumb Global on April 29th.

Key Points: 
  • UK, Apr 27, 2020 - (ACN Newswire) - Breezecoin (BRZE), a real estate cryptocurrency issued by Breeze de Mar, which is a real estate company with over 60 years of experience in the field, will be listed on the cryptocurrency exchange Bithumb Global on April 29th.
  • - Breezecoin is a real estate focused utility token issued by Breeze de Mar, an international construction company based in UK, with offices in United States, Germany and Turkey.
  • Unlike most of the other cryptocurrencies, Breezecoin is tied to physical assets, namely real estate assets.
  • Discounts are offered to Breezecoin holders for buying various versions of real estate from Breeze de Mar projects.

Bithumb Korea's 2019 Net Income - 37.2 Billion KRW

Tuesday, April 14, 2020 - 2:00pm

SEOUL, South Korea, April 14, 2020 /PRNewswire/ -- Bithumb Korea ("Company"), a company operating virtual asset exchange, Bithumb, reported strong 2019 results - 144.6 billion KRW in revenue, 67.7 billion KRW in operating income, and 37.2 billion KRW in net income.

Key Points: 
  • SEOUL, South Korea, April 14, 2020 /PRNewswire/ -- Bithumb Korea ("Company"), a company operating virtual asset exchange, Bithumb, reported strong 2019 results - 144.6 billion KRW in revenue, 67.7 billion KRW in operating income, and 37.2 billion KRW in net income.
  • The Company successfully returned to profitability after 1 year, initially posting a net loss of 205.7 billion KRW in 2018.
  • In line with the internal changes, the trading fee policy was amended to be incurred solely in KRW, compared to both KRW and virtual assets prior to the change.
  • In 2018, the virtual asset industry underwent a cyclical slump in trading activity, resulting in contracted revenue for the Company, from 2017's peak of 391.6 billion KRW to 144.6 billion KRW, and operational income from 265.1 billion KRW to 67.7 billion KRW.

Bithumb to Integrate Blockchain based, Digital ID Service 'MyID'

Tuesday, April 14, 2020 - 2:00pm

SEOUL, South Korea, April 14, 2020 /PRNewswire/ -- On April 1st, Bithumb Korea (CEO Jae Won Choi) announced its engagement in the blockchain based, digital identificationorganization, 'MyID Alliance'.

Key Points: 
  • SEOUL, South Korea, April 14, 2020 /PRNewswire/ -- On April 1st, Bithumb Korea (CEO Jae Won Choi) announced its engagement in the blockchain based, digital identificationorganization, 'MyID Alliance'.
  • Bithumb Korea is the first Korean virtual asset exchange to implement the distributed identification (DID) service performed by the organization.
  • Following the initial setupof the 'MyID' system, the service will be integrated with the virtual asset trading platform and additional Bithumb products.
  • In addition,"Moving forward, the company will keenly adoptinnovative blockchain and IT based solutions, as it evolves into a comprehensive, digital finance platform".

Bithumb Enlists Chainalysis Following South Korean Regulation Crackdown

Tuesday, March 10, 2020 - 6:00pm

NEW YORK and SEOUL, South Korea, March 10, 2020 /PRNewswire/ --Chainalysis, the blockchain analysis company, today announced the successful deployment of its investigations solution, Chainalysis Reactor, with Bithumb, a leading South Korean cryptocurrency exchange.

Key Points: 
  • NEW YORK and SEOUL, South Korea, March 10, 2020 /PRNewswire/ --Chainalysis, the blockchain analysis company, today announced the successful deployment of its investigations solution, Chainalysis Reactor, with Bithumb, a leading South Korean cryptocurrency exchange.
  • Bithumb will use Chainalysis Reactor to investigate suspicious activity and establish a more secure, robust platform for its users following the South Korean National Assembly's vote last week in favor of amending the Special Financial Transactions Information Act, effectively creating a framework for the country's cryptocurrency industry.
  • "As cryptocurrency use in South Korea continues to grow, new regulations such as this will make blockchain analysis solutions like Chainalysis vital for compliance.
  • "By partnering with Chainalysis, we felt confident that we were choosing the industry-leading investigation software and professional guidance," saidSungMi Lee, Head of Compliance, Bithumb.

Real Name Virtual Bank Accounts Required for South Korean Cryptocurrency Exchanges

Wednesday, December 4, 2019 - 2:00am

The amendment comes with the new Special Financial Transaction Information Act, which is backed by the Korean Blockchain Association .

Key Points: 
  • The amendment comes with the new Special Financial Transaction Information Act, which is backed by the Korean Blockchain Association .
  • More importantly, real name virtual bank accountsare now a mandatory requirement.
  • South Korea's cryptocurrency industry faces stifling restrictions, more notably, after January 2018, whenthe Financial Services Commissioncracked down against anonymous virtual accounts , tagging large transaction volumes as potential money laundering targets, leaving only a handful of cryptocurrency exchanges permission to have commercial bank accounts and continue operations, Bithumb being one.
  • Bithumb Global is presently one of the leading cryptocurrency exchanges of South Korea and the world.

Highly Anticipated “Bithumb Coin” Officially Announced by Bithumb Global

Tuesday, November 12, 2019 - 4:00am

Bithumb Global , the leading digital asset exchange in the world, announces the highly anticipated crypto asset, Bithumb Coin (BT), which is the native token for the recently announced Bithumb Chain.

Key Points: 
  • Bithumb Global , the leading digital asset exchange in the world, announces the highly anticipated crypto asset, Bithumb Coin (BT), which is the native token for the recently announced Bithumb Chain.
  • View the full release here: https://www.businesswire.com/news/home/20191111005703/en/
    Bithumb Global announces the release of their native token titled Bithumb Coin which will hold the ticker name, $BT.
  • Bithumb Coin (BT) enables transactions within Bithumb Chain and provides the necessary mechanism for facilitating true incentives and value within the protocol.
  • Bithumb Global is designed to facilitate every global user to trade, participate, or contribute to the digital assets ecosystem with ease.