Bithumb Archives - Page 2 of 3

U.S. Charges Chinese Nationals Linked To North Korean Cryptocurrency Hack

March 4, 2020

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced it sanctioned two Chinese nationals involved in laundering funds allegedly stolen by North Korean hackers from crypt...

South Korea Mulls 20% Crypto Income Tax

January 20, 2020

The South Korean government is considering a 20% income tax for cryptocurrency transactions. According to a 20th January report in the The Korea Times, the South Korean Ministry of Economy and Finance is...

Bithumb Takes $69M Withheld Tax Dispute to Court

January 16, 2020

South Korean crypto exchange Bithumb has appealed to the tribunal against the National Tax Service’s (NTS) order to pay $69 million in withheld tax. Reported by The Korean Times on Thursday, the exchange is ...

South Korean Crypto Exchange Bithumb To Fight $68.9M Tax Bill

December 30, 2019

Bithumb, the major South Korean crypto exchange may challenge a recent $68.9 million (80 billion won) tax bill in court. According to a 29th December report in local media outlet KoreaHerald, Bithumb has b...

Korean Tax Authority Slaps Bithumb with $69 Million in Withholding Tax

December 30, 2019

The Korea Tax Service has imposed a withholding tax of 80 billion won (over $68.9 million) on the country’s crypto exchange Bithumb. Reported by multiple local news agencies, the withholding tax was imposed ...

Chaos or Hoax? Binance, Bithumb Deny Claims of Shanghai Office Raid

November 22, 2019

The crypto industry took a setback recently with reports from China about raids in the offices of Binance as well as Bithumb’s Shanghai offices by local authorities. However, both exchanges came out to deny ...

Bithumb Global Launches Native Crypto for Its Upcoming Blockchain

November 12, 2019

Bithumb Global, the international arm of the South Korean crypto giant, has announced the launch of its native digital currency, the exchange announced on Monday. Dubbed Bithumb Coin (BT), the token will act...

$333 Million Bithumb Acquisition Deal Might Fall Apart

September 30, 2019

The acquisition deal for crypto exchange Bithumb’s controlling stake, involving 400 billion won (around $333 million), is on shaky grounds. Citing anonymous sources from the industry, The Korea Herald on Mon...

Bithumb’s Parent Secures $200 Million from Japanese Blockchain Fund

April 15, 2019

The operator of South Korean crypto exchange Bithumb has secured $200 million in funding from Japan’s ST Blockchain Fund. According to an April 15 Cointelegraph report, the Blockchain Exchange Alliance (BXA)...

Bithumb Reports $180 Million in Losses, Sees 17 Percent Rise in Sales

April 11, 2019

Bithumb, South Korea’s largest crypto exchange, could not avoid the wrath of so-called “crypto winter” as the company posted a net loss of 205.5 billion won (around $180 million) in 2018. Reported by Korea T...