Bithumb’s parent company receives $200 million investment from Japan’s ST Blockchain Fund

Bithumb’s parent company, Blockchain Exchange Alliance [BXA], received a massive $200 million in funding during its Series A round. This huge sum was offered by Japan’s ST Blockchain Fund, reported Coin Telegraph. Though based in Japan, ST Blockchain Fund interests investors from around the world, including Europe and the United States.
BXA is raising funds to take Bithumb to the international level. Bithumb, already one of the largest exchanges in South Korea, will expand in international markets with new trading pairs.
BXA’s press release read,
“The fund shared our vision of creating a global digital exchange platform that can efficiently transfer value across borders with lower costs, which was the key rationale behind this investment decision.”
The news of massive funding comes in after Bithumb lost around $13 million in March following a hack. According to reports, this was considered to be an inside job, done to deceive the company. However, in the third-party public audit, Bithumb reassured investors that their funds were in a secure storage.
Bithumb was also hacked in 2018, losing around $30 million. However, the figure was later corrected to $17 million. The investment by ST will be a much-needed impetus to Bithumb, an exchange that has been reeling under major losses. It has been reported that the South Korean exchange reported losses over $180 million since the price of Bitcoin dropped, while it also had to lay off half of its staff last month.
The timing of the investment also falls in line with the rising prices of cryptocurrencies, especially since Bitcoin has finally breached the $5K mark
The post Bithumb’s parent company receives $200 million investment from Japan’s ST Blockchain Fund appeared first on AMBCrypto.
Source: AMB Crypto

Bithumb resumes Bitcoin [BTC] and Ethereum [ETH] withdrawal and deposit services

Bithumb, one of South Korea’s leading and more controversial crypto-exchanges, has been in the news for quite a while now. Just a few weeks ago, the exchange was hacked, contributing to the loss of millions in XRP and EOS. Almost two weeks after the exchange asked users to stop withdrawals and deposits, Bithumb today announced the partial resumption of the services.
Following the hack, which the exchange claimed was an inside job, Bithumb had asked its users to stop making cryptocurrency deposits while an investigation by KISA and several cyber-security agencies was still underway. The full statement read,
“We would like to ask you to stop making deposits of cryptocurrency in order to check our member’s assets through external organization and to cooperate with the investigating agency in connect with an accident that is supposed to be an internal embezzlement that occurred on March 29th.”
The suspension of these services was deemed “necessary” by the exchange, while a “fair and objective due diligence review” of all cryptocurrency assets held by Bithumb was conducted by an external auditing firm.
The South Korean exchange tweeted that it will be partially resuming withdrawal and deposit services on April 17, 2019, at 3 pm, local time. For the time being, this resumption of service will apply only to Bitcoin [BTC] and Ethereum [ETH] deposits and withdrawals, Bithumb’s blog read. It also stated that this was an attempt at “minimizing the inconvenience” caused by the suspension of services previously.
The exchange also announced that it will be resuming these services with additional and “enhanced security and monitoring systems” in order to safeguard its users’ crypto-assets. However, the exchange failed to go into the specifics of what changes it had made to its security system.
Bithumb’s blog concluded by stating that any cryptocurrency deposits made during the period of suspension would be processed sequentially, when services resume on April 17.
The development would be one of the few pieces of good news for the beleaguered exchange. Recent reports suggested that the exchange incurred a loss of $180 million, since the price of Bitcoin dropped in 2018. Following mounting losses, the exchange had to lay off over 50% of its staff last month.
The post Bithumb resumes Bitcoin [BTC] and Ethereum [ETH] withdrawal and deposit services appeared first on AMBCrypto.
Source: AMB Crypto

Bithumb registers net loss of $180 million following Bitcoin’s price drop

Bithumb, one of South Korea’s largest cryptocurrency exchange platforms, reportedly turned in a net loss of 205 billion Korean Won, approximately worth $108 million in 2018, according to KoreaTimes.
It was reported that the reason behind the loss was the fall of Bitcoin [BTC] and other cryptocurrencies throughout 2018, resulting in low trading volumes. The price of the largest cryptocurrency dropped from around $20,000 at the beginning of the year, to nearly $3000 towards the end of the year. While Bitcoin recorded a loss of over 80 percent from its all-time high, altcoins recorded a loss of over 90%.
The report said,
“Its operating profit stood at 256.1 billion won, which is a 3.4 percent fall from the year before. Sales grew by 17.5 percent to 391.7 billion won […] In terms of sales, we saw a 17 percent increase, and we continue to increase overseas investments”
The exchange also fell victim to a cryptocurrency hack in mid-2018, resulting in the loss of over $17 million. The tokens compromised in the attack last year included Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH] and XRP. Further, in March 2019, reports surfaced that the exchange laid off nearly half of its employees after Bitcoin’s trading volume fell by 90%.
Additionally, the exchange was compromised by another hack this year that was considered to be an inside job. This March 30 hack reportedly resulted in a loss of over $3 million in EOS and $5 million in XRP. This was followed by the exchange halting deposit services, stating that they would be conducting an external audit of all the cryptocurrencies they held. The details of the audit were released by the exchange on 11 April 2019. The blog post stated (translated from Korean),
Source: Bithumb
The exchange further said,
“This due diligence report is prepared by an external Audit after the due diligence of the financial situation as of April 8, 2019. We are pleased to inform you that our members’ valuable assets are managed and maintained in a systematic/safe manner through the attached due diligence report. We will do our best to keep our member’s valuable assets safe and transparent.”
The post Bithumb registers net loss of $180 million following Bitcoin’s price drop appeared first on AMBCrypto.
Source: AMB Crypto

Bithumb Shared ‘Loss Figure’ Suffered After Recession and Hack Incident

One of the largest cryptocurrency exchanges from South Korea suffered a massive loss within a year. After experiencing the tough year of Hack, Bithumb reports $175 Million in Losses.
Whenever any crypto exchange experiences loss or hack incident, it puts millions of funds in the riskier zone which creates insecurity among other crypto enthusiasts towards their respective exchanges. As such, the vague scene of Cryptopia, QuadrigaCX, Bithumb, and other such exchanges bring a sense of insecurity among millions of those who believe in the future of cryptocurrency.
Per the Korean media, following last month’s hack, Bithumb exchange conducted the professional external audit of its funds. According to official sources, the company had lost around 205.5 billion won in 2018 which is almost $175 million. These figures were published by BTCKorea.com, the parent organization of Bithumb exchange on April 11, 2019.
It says that the attacker stole 35 billion won and early in 2019, the company had laid off 30 employees from its total staff of 340 people citing the massive decline in the price of Bitcoin since late 2017.
It’s worth to note that the firm earlier in 2017 earned a profit of more than $350 million. Moreover, despite substantial price decline in 2018, the firm’s representative said that ‘the company is performing solid’. In his words;
“even during a phase in which the cryptocurrency market is struggling, Bithumb is sustaining a solid business with unique services and global market dominance. Bithumb will put in all efforts in protecting user funds.”
Nevertheless, the firm says that they are looking for more potential in the near future and thus expanding their offerings. It says that;
“In terms of sales, we saw a 17 percent increase, and we continue to increase overseas investments,”
Although exchange has officially shared the figure the awful story of hack and fake volume metrics reports remains on the web. Bithumb wasn’t the only trading platform which had a tough time in the industry – history had the record of many such exchanges.
What do you think about hack movement and record loss Bithumb has had? Share your thoughts with us.
The post Bithumb Shared ‘Loss Figure’ Suffered After Recession and Hack Incident appeared first on Coingape.
Source: CoinGape

Max’s Corner: The Biggest Hacks from a Tumultuous Week in Crypto

Coinspeaker
Max’s Corner: The Biggest Hacks from a Tumultuous Week in Crypto
This week, Max Hasselhoff, integration engineer from Bytecoin, takes a look at the Bithumb hack as well as a couple of other hacks and their historical context.
Max’s Corner: The Biggest Hacks from a Tumultuous Week in Crypto

Continue reading at Coinspeaker
Source: CoinSpeaker

Top Trending Crypto News of the Week: The Bitwise Report, Bithumb, and Bitcoin ETF Among Major Newsmakers

Key highlights

The bitwise report concludes 95% of the reported volumes in Bitcoin are fake
Bithumb hacked for millions of EOS and XRP
Coindelta exchange succumbs to Indian Government’s lack of crypto regulations
SEC delays Bitwise’s and NYSE Arca Bitcoin ETF Application
Indian Apex court differs Crypto Case hearing on request of the Government

 

 
The Bitwise report concludes 95% of the reported volumes in Bitcoin are fake
This week a Bitwise report literally shook the crypto industry. The report found that 95% of the trading volume in Bitcoin was fake, ginned up through techniques like “wash trading” where a person buys and sells an asset at the same time. The report analyzed 81 exchanges and concluded that the fake traffic was being generated by 71 of them, in order to lure in lucrative “initial coin offerings” and the associated fees, which can run to millions of (fiat) dollars.
Bithumb hacked for millions of EOS and XRP
The world woke to a Saturday with the news of another hack and this time it was Bithumb. The leading exchange faced its second  hack in less than a year and this time the hackers managed to steal 3 million EOS coins and 20 million XRP. The news broke late on Saturday morning (UST) as the crypto entrepreneur and analyst Dovey Wan relayed reports apparently coming from a security firm who were auditing for Bithumb.
Coindelta exchange succumbs to Indian Government’s lack of crypto regulations
Well, the Indian Policy paralysis towards cryptocurrency has taken another exchange down and this time its CoinDelta. It was reported by the founder using the medium channel that the exchange was shutting down operations on 30 March at 2 pm IST. The exchange’s statement on Medium read “It has been really difficult for us to operate Coindelta exchange for the last 6 months. The curb on the bank accounts by RBI has made us handicapped in order to provide seamless deposit and withdrawal services.”
SEC delays Bitwise’s and NYSE Arca Bitcoin ETF Application
The approval for two Bitcoin ETFs has yet again been delayed by the Securities Exchange Commission (SEC) in the US. On 29th March 2019, SEC released a press release of its letter to the Cboe BZX Exchange, Inc., and NYSE Arca and Bitwise citing the designation of a “Longer Period” of time for the pending decision. The notice read “The Commission finds it appropriate to designate a longer period within which to take such action on the proposed rule so that it has sufficient time… Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, designates May 16, 2019, as the date by which the Commission either approves or disapproves.”
 
Indian Apex court differs Crypto Case hearing on request of the Government
The final hearing of the crypto case at the Indian apex court has now been delayed to July on request of the government. According to a local analyst, this step has been taken as India’s general election are approaching and the voting due to take place in seven phases between April 11 and May 19. The results will be announced on May 23. As per law During election time in India, ‘aachar sanhita’ or code of conduct applies. Thereby no new law can be passed which means that the government is not expected to officially announce any regulation regarding cryptos or others.
The post Top Trending Crypto News of the Week: The Bitwise Report, Bithumb, and Bitcoin ETF Among Major Newsmakers appeared first on Coingape.
Source: CoinGape

EOS Slide 4.7 Percent, Prices Reacting to BitHumb Heist?

EOS down 4.7 prices in last day but bullish
Three million EOS are missing from BitHumb’s hot wallets.

$12.5 million worth of BitHumb’s EOS are missing, but other exchanges are taking assisting in recovery. In response, EOS prices are down 4.7 percent in the last day in an adjustment of Mar 28-29 overvaluation.
EOS Price Analysis
Fundamentals
For the second time, BitHumb, the South Korean exchange, which claims to be ISMS certified and applying multi-signature withdrawal scheme is once again a victim of hacking, less than a year after the exchange losing $14 million.
Although it says 3 million EOS worth around $12.5 million at current exchange rates and $6.5 million worth of XRP—20 Million XRP– of their stash are missing, users should breathe a sigh of relief because “member’s asset is under the protection of cold wallet.”
In an explainer, the exchange said they “detected abnormal withdrawal of the company’s cryptocurrency through BitHumb’s abnormal trading monitoring system.” Unfortunately, internal investigations reveal that the “spill” was an “accident involving insiders” which had a cascading effect, inconveniencing customers since the exchange was forced to “delay the cryptocurrency deposit and withdrawal service.” They have since extended their investigation and are collaborating with KISA, Cyber Police Agency, and security companies.

Stolen fund flow analysis :
Majority of the Bithumb stolen EOS are sent to @Exmo_Com @HuobiGlobal @kucoincom @coinswitch @ChangeNOW_io @hitbtc Changley, and a little bit to @binance @hitbtc and BW pic.twitter.com/shT1Ei4uRC
— Dovey Wan (@DoveyWan) March 30, 2019

So far, fund flow indicates that stolen coins are moving through different exchanges including Huobi, Changelly, and ChangeNOW amongst others. But Changelly is assisting BitHumb publishing a statement that it froze 243,000 XRP ($76,000) and 114,000 EOS ($479,000).
Candlestick Arrangement

Despite this stain, EOS prices are trending higher, up 13.7 percent in the last week but sliding by 4.7 percent in the previous day. All the same, EOS is trading within a bullish breakout pattern against the USD. At this pace, we expect prices to edge higher and even expand towards $7.
However, before that prints out, it is likely that there will be a correction of Mar 28—29 overvaluations and as prices dip mirroring today’s losses. While temporary, risk-off traders should take the opportunity to load up on dips with first targets at $7 as bulls confirm gains of Mar 5 further drifting away from Feb 24 highs as buyers flow back.
Nullifying this up-trend are strong prices reversing Mar 27 upswings and even dropping below the middle BB and $3.5. Such a move will trigger liquidation as sellers of Feb 24 flow back with targets at $3 and $2.2.
Technical Indicators
Our anchor bar is wide-ranging Feb 24 bull bar with conspicuous transaction volumes—17 million. Since bulls are yet to reverse Feb 24 losses satisfactorily, any break above Mar 27 must be with high volumes above 17 million validating the double bar bull reversal pattern of Mar 4-5.
Chart courtesy of Trading View
The post EOS Slide 4.7 Percent, Prices Reacting to BitHumb Heist? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Exchange Bithumb Hacked for $19M EOS By the Insider

Coinspeaker
Crypto Exchange Bithumb Hacked for $19M EOS By the Insider
South Korean crypto exchange Bithumb was hacked last night for three million EOS ($13 million) and the exchange believes it was compromised by its own employees.
Crypto Exchange Bithumb Hacked for $19M EOS By the Insider

Continue reading at Coinspeaker
Source: CoinSpeaker

Bithumb Hack: Exchange Informs User’s Funds Are Safe; Employee Embezzlement Suspected?

Bithumb, one of the leading Cryptocurrency Exchanges in South Korea has experienced another hack. Bithumb reported on Saturday 30th March 2019 that while the user’s funds were safe from an outside infiltration, an ‘internal embezzlement incident’ has been suspected. Funds have reportedly been stolen from the company’s ‘hot wallet.’
On 29th March, the transaction monitoring system of the Exchange detected ‘abnormal withdrawal’ from the Exchange Wallet. The cryptocurrency wallet from which the funds were stolen is still unclear. The Exchange has registered a formal report with KISA, Cyber Police Agency and security companies, and is also conducting an internal inquiry into the matter.
The Exchange Confirms That User’s Funds Are Secure
While there was an “abnormal” activity suspected at the Exchange, the officials assured its users their funds are safe. According to the report released by Bithumb on 30th March 2019, the unusual activity was observed on 29th March. After the Bithumb monitoring system suspected the attack, Bithumb suspended withdrawals and deposits temporarily for the entire exchange as a measure to safeguard the funds.
The announcement by Bithumb stated that:
We would like to inform you of the circumstances of the grounds and confirm that your assets are safe.
The report also said that the cryptocurrencies were stolen from the company’s hot wallet. The user’s funds were still secure in the cold wallet of the exchange.The press release included: 
All the spilled cryptocurrency is owned by company, and all the member’s asset is under the protection of cold wallet.
The Exchange has implemented multi-signature wallets for the Exchange cold wallets to account for unforeseen circumstances like the QuadrigaX issue. The exchange has also obtained certification from the Information Security Management System (ISMS).
Internal Hack Sparked by Lay-Offs?
Bithumb had announced on 19th March that it would lay-off more than 50% of its employees due to ‘voluntary retirement’ being asked by certain employees. However, the exchange volume is significantly affected since 2017 as the trading volume has decreased by more than 95% since December 2017.
Moreover, the internal issue sparked just days after the announcement suggests that the Exchange might be suffering a substantial Human Resource management issue.
Nevertheless, the deposit and withdrawal of the exchange are suspended while the internal workforce verification system is trying to safeguard all of the company’s assets.
The Exchange reassured its customers in the announcement that “We will do our best to protect the assets of the customer”
The post Bithumb Hack: Exchange Informs User’s Funds Are Safe; Employee Embezzlement Suspected? appeared first on Coingape.
Source: CoinGape

Crisis at Crypto Exchanges? Bithumb Announces Cut in Workforce

Following a series of recent layoffs and closures within the industry, top Korean exchange Bithumb follows suit by announcing it will cut its workforce in half by the end of this month. While the market is currently showing signs of optimism, this news brings an unwelcome reminder to the realities of an extended bear market.
“Voluntary Retirement” At Bithumb
Coindesk Korea broke the news of Bithumb’s plans on Monday 18th March. Details show the company will reduce its existing workforce of 310 employees down to 150. A spokesman for the firm commented:
“It is true, voluntary retirement is planned to reduce the total number of employees by 50% by the end of the month.”
Bithumb has developed a company-sponsored program to help former employees. The initiative will provide support and training to find new work. However, news of more job cuts in the crypto space is bringing further uncertainty.

So Crypto peeps. What's your guess? How long are we going to continue to endure this bear market? 6 months? 12 months? 18 months?
— The Scrooge XPRess (@etnezerscrooge) March 18, 2019

Crypto Exchanges Are Feeling The Pinch
Onchain Capital CEO, Ran Neuner, stated that crypto exchanges would continue to struggle in the coming year. He takes an unsympathetic view by attributing the difficulties to a lack of business foresight.
“I’m expecting more exchanges to shut down in this bear market. Last year everyone rushed to start an exchange. Exchanges require infrastructure that is expensive to maintain and most won’t survive this.”
The news of layoffs at Bithumb was the latest of many recent announcements, including:
CoinFloor
The UK exchange blamed declining trade volume as the cause of pressures on the company. In a statement, the CEO, Obi Nwosu, said:
“Coinfloor is currently undergoing a business restructure to focus on our competitive advantages in the marketplace and to best serve our clients. As part of this restructure, we are making some staff changes and redundancies.”
Huobi
Singapore-based Huobi ran into trouble as a result of falling Bitcoin prices. A spokeswoman for the firm said they are optimizing staffing by cutting the worst-performing employees. But she was quick to point out that opportunities remain buoyant at the core of its business and in emerging markets.
Shapeshift
Shapeshift announced they were cutting a third of their staff as a result of their rush to expand. The CEO, Erick Vorhees, spoke about how restructuring was inevitable because the number of staff simply grew faster than the company could maintain.
Liqui
At the end of January this year, the Ukrainian-based exchange shut down its entire operation. A statement on their website reads:
“Much to our regret, after this step Liqui is no longer able to provide liquidity for the Users left. We also do not see any economic point in providing you with our services. However, we do not want to return to where we were a month ago. Hence, we decided to close all accounts and stop providing our services. It broke our hearts to do that.”
The Future
As the market adapts to tougher trading conditions, and heightened scrutiny from regulators, it is inevitable that some exchanges will struggle. While it would be extreme to call any of the exchanges above bad actors, or lacking in business acumen, we must remind ourselves that market forces will decide who will survive.
The post Crisis at Crypto Exchanges? Bithumb Announces Cut in Workforce appeared first on NewsBTC.
Source: New feedNewsBTC.com

South Korean exchange Bithumb cuts manpower by half; cites slumping trade volume

Bithumb, the largest cryptocurrency exchange in South Korea, showed the door to half its staff. Citing declining revenue in the crypto-winter, the exchange decided to cut its losses, and reduce manpower.
A report detailing the development stated that Bithumb will let go of around 160 employees, out of a total pool of 310, by the end of March. The report further added that the employees have been let go on the basis of “voluntary retirement.”
The exchange’s spokesperson stated,
“Voluntary retirement is part of our support program for former employees and is intended to provide assistance and training for job placement.”
Trading volume on major exchanges has been declining since the crypto-winter began last year. After the market recorded a remarkable high in January 2018, the trading volume slumped again, leading to several exchanges shutting up shop.
Bithumb’s slumping trade volume, coupled with the decreasing number of new investors in the bear market, resulted in plummeting revenue and low profits. With trading down, commissions have declined, leading to the South Korean exchange taking the decision to slash its staff.
The spokesperson added,
“Apart from that, [Bithumb’s] trading volume has decreased compared to the previous year, [so] we are trying to provide internal measures. We will continue to add necessary personnel for various new businesses.”
A January Diar report  had analyzed the trading volume of major exchanges in every quarter of 2017 and 2018, and attested the arrival of the crypto winter.
It referenced the example of the American cryptocurrency exchange Coinbase, which saw record high volumes of $46.6 billion and $45.8 billion during the fourth quarter of 2017 and the first quarter of 2018, respectively, when Bitcoin [BTC] almost touched $20,000 and the market cap shot above $800 billion.
When the market turned, Coinbase recorded successive quarterly declines in trading volume. The trading volume dropped by 60.9 percent to $17.9 billion in the second quarter of 2018. The final two quarters saw volumes of $10.4 billion, and $9 billion respectively.
Diar research stated that what Coinbase’s volume did, was not an isolated observation as this “can be said for all major exchanges.” Coinbase’s number of trades also dropped by 61.33 percent, from the first to the fourth quarter of 2018.
Interestingly, Bithumb, following the examples of Coinbase and Bittrex, launched an Over the Counter [OTC] trading with Ortus in February 2019. Through this launch, the South Korean exchange had intended to further its trade volume. However, it did not pan out as the exchange had hoped.
The post South Korean exchange Bithumb cuts manpower by half; cites slumping trade volume appeared first on AMBCrypto.
Source: AMB Crypto

Bithumb to Layoff 50% Employees As Bitcoin Trading Volume Decrease by 95%

BitHumb, the largest South Korean Exchange has announced that it will lay off around 50% of its workforce by the end of March 2019. Kim Dae-Shik found the Exchange in 2013; it handles one of the highest volumes of cryptocurrency trades daily. It currently supports 79 cryptocurrencies.
According to a report, the Exchange currently employes 310 members, of which it has decided to lay off nearly 160 employees. These employees have apparently voluntarily asked for a ‘voluntary retirement’ from the Exchange.
A spokesperson for the exchange mentioned that:
Voluntary retirement is part of our support program for former employees and is intended to provide assistance and training for job placement.
Apart from that, [Bithumb’s] trading volume has decreased compared to the previous year, [so] we are trying to provide internal measures. We will continue to add necessary personnel for various new businesses.
Crypto-Winter Hurts Exchange Volumes
The number of new cryptocurrency investors has decreased considerably which the persistent cryptocurrency bear markets. The introduction and adoption of blockchain projects on Distributed Ledger Technology by institutions have also deterred investment in unregulated cryptocurrency projects.
BTC Volume on Exchanges (24H)
The trading volume on exchanges has decreased by more than 95% from its ATH in 2017. Majority of the altcoins have lost almost all of its trading volume from 2016-2017. The South Korean Exchange was handling a huge volume of trades from South Korea and had considerable effects on prices during the bull run.
However, the prolonging ‘crypto-winter’ has reduced the trade commissions of the exchange to a critical level. The scenario is similar is a couple of other blockchain and cryptocurrency based firms.
Are Lay-offs the only solution to company liquidity problems? What are your views on its effect on the cryptocurrency markets? 
The post Bithumb to Layoff 50% Employees As Bitcoin Trading Volume Decrease by 95% appeared first on Coingape.
Source: CoinGape

A Look at Some of the Biggest Stories: Evergreen Issue of Cybersecurity

CoinSpeaker

A Look at Some of the Biggest Stories: Evergreen Issue of Cybersecurity

After covering a few of the different ways that crypto technology is getting absorbed into the more traditional sectors of finance last week, now we’d like to examine a few emerging features and techs that can impact the trajectory of crypto development.

A Look at Some of the Biggest Stories: Evergreen Issue of Cybersecurity

Continue reading at Coinspeaker
Source: CoinSpeaker

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

CoinSpeaker

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

Tron will start distributing its BitTorrent Token in airdrops, to its TRX holders through the Binance Launchpad platform. The Tron Foundation plans to airdrop tokens for the next six years up to February 2025.

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

Continue reading at Coinspeaker
Source: CoinSpeaker

Bithumb Launches Its OTC Trading Desk to Further Target Institutional Investors

CoinSpeaker

Bithumb Launches Its OTC Trading Desk to Further Target Institutional Investors

Bithumb, South Korea’s largest Bitcoin exchange by trading volume, has launched an over-the-counter (OTC) trading platform that will allow deep-pocketed traders to exchange crypto assets off the books.

Bithumb Launches Its OTC Trading Desk to Further Target Institutional Investors

Continue reading at Coinspeaker
Source: CoinSpeaker