#Bithumb

[36crypto]

Bithumb Korea Secures Legal Victory in Tax Dispute, Setting Precedent for Virtual Assets Classification

The new South Korea-based cryptocurrency exchange, Bithumb Korea, recently obtained major legal success against the country’s taxation department. The Seoul High Court also minimally contributed to the digital asset industry by confirming that Bithumb’s virtual assets cannot be categorized as inventories. It is also perceived as a highly strategic move, given the stiff regulatory measures that…

[jayboggiecrypt]

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[superhorizonus]

How to use Binance, deposit Bitcoin on Bithumb, and buy and sell spot transactions [Binance Lecture]

[virtualcurrencyspace]

Bitcoin Losing Momentum

Bitcoin plummeted to $57,000 (78 million won), weighed down by large selloffs by U.S. investors amid a lack of factors that will increase its price, market watchers said Monday.

They say the lackluster downward price movements are explained by the large offloading by so-called whale investors. Many anticipate Bitcoin could see further declines in the months to come, influenced by the U.S. tech sector's outlook, the U.S. Federal Reserve's rate path and the upcoming U.S. presidential debates.

The digital coin traded at 78.33 million won around 9 a.m. on Bithumb, a Korean crypto exchange. It was a 0.72 percent drop in value from a day earlier.

Ethereum dropped to around 3.3 million won on Bithumb and Upbit, another Korean crypto exchange. The figure was down about 3 percent.

https://m.koreatimes.co.kr/pages/article.amp.asp?newsIdx=381718

[iblockchaincom]

Bithumb là một trong những sàn giao dịch tiền mã hóa lớn nhất Hàn Quốc. Bithumb hiện đang là nền tảng giao dịch cung cấp mức phí hoa hồng thấp nhất trên thế giới, đồng thời cũng thường xuyên được xếp hạng trong Top 10 sàn giao dịch cryptocurrency về khối lượng giao dịch. Vậy Bithumb là gì? Cùng iBlockchain tìm hiểu tất tần tật về sàn qua bài viết dưới đây!

[samdrews]

An arrest warrant has been issued for Kang Jong-Hyeon, CEO of Bithumb, South Korea’s largest cryptocurrency exchange. He faces fraud charges for allegedly manipulating stock prices at firms linked to Bithumb. The Seoul Southern District Prosecutor’s Office's Financial Investigation Division has charged Kang and two other Bithumb affiliate executives with theft and breach of trust under the Capital Markets Act and the Act on the Aggravated Punishment of Specific Economic Crimes.

The affiliate firms involved include Inbiogen and Bucket Studio, both headed by Kang’s younger brother, Kang Ji-Yeon. Kang Jong-Hyeon is accused of manipulating their stock prices through convertible bonds. Vidente, the main stakeholder in Bithumb with a 34.2% stake, is also implicated. Inbiogen is Vidente’s largest shareholder, while Bucket Studio is Inbiogen’s largest shareholder.

Legal issues continue for Bithumb. Park Mo, Vidente's vice president, was found dead in Seoul, an incident ruled as suicide amid investigations into his alleged misappropriation of funds from Bithumb partners. Additionally, on January 10th, tax authorities raided Bithumb’s headquarters in Gangnam-gu, Seoul, to investigate compliance with cryptocurrency tax regulations.

Bithumb Korea, Bithumb Holdings, and their affiliates are under scrutiny for potential tax evasion in local and foreign activities, led by NTS’s 4th Bureau of Investigation, part of the Seoul Regional Tax Service.

4o

[36crypto]

South Korea May Adopt Free Market Approach to Crypto, Says FSS Governor

Lee Bok-hyun, Governor of South Korea’s Financial Supervisory Service (FSS), has suggested that the country may move towards a free market approach to cryptocurrency regulation. During a recent parliamentary audit, the governor addressed concerns about rising competition in crypto interest rates on exchanges like Bithumb. He noted that as part of the Virtual Asset User Protection Act, the…

[johncameronn047]

Top Leading Crypto Exchange Platforms Of South Korea In 2024

Cryptocurrency Exchanges are profitable businesses these days and traders looking for the best results can select the correct platform as the digital asset ecosystem develops. Come explore with us the top crypto exchange software solutions that will influence trading in South Korea in 2024. According to the reports, it is found that a large number of crypto exchanges are in demand in South Korea, so the introduction and launch of several crypto exchanges has stupefied possibilities.Among the several cryptocurrency exchange platforms available in South Korea, the following list includes the top seven exchanges that have recently shown impressive success in the nation.

Korbit Cryptocurrency Exchange

Korbit is the popular cryptocurrency exchange in South Korea and has the strong venture capital backing as of now in 2024. At present, there is a strong desire to acquire what is regarded as the first cryptocurrency exchange in Korea and the fourth largest nationwide. South Korean cryptocurrency aficionados have come to rely on Korbit because of its reputation and dedication to fostering a safe trading environment.

Coinone 

For South Korea's cryptocurrency industry, Coinone serves as the bond  between traditional banking and the industry. Customers can enter the digital asset market with ease thanks to the platform's support for a large variety of trading pairings.Coinone  is more important in South Korea as it emphasizes security and regulatory compliance.

Binance

With huge trading volumes, Binance is regarded as the top exchange platform. An important player in the South Korean sector is the international cryptocurrency exchange Binance. A lot of South Korean cryptocurrency enthusiasts also like Binance because of its liquidity and superior trading features.Binance is notable for its low trading fees, especially for users of the native BNB currency offering a large selection of cryptocurrencies and trading pairings overall.

Bithumb

Bithumb has become quite well-known in South Korea, that makes significant trading with the inclusion of multiple trading tools like margin and futures trading. Satisfying the support of multiple cryptocurrencies, Bithumb has a wide fan base that will have a unique identity in the crypto markets.

Bybit

In terms of advanced trading capabilities and ease of use, Bybit stands tall the competition, when it comes to trading derivatives. Rapid order execution is guaranteed by the platform, which also allows perpetual contracts for the main cryptocurrencies.Bybit is a good option for traders of all skill levels who want to trade smoothly and effectively. 

Upbit

Upbit has become a well-known bitcoin exchange platform on a global scale.The user-friendly design and wide range of supported cryptocurrencies have helped local exchange Upbit gain notoriety. Due to its focus on efficiency and security in trading, Upbit is attractive to both novice and experienced traders. Users in South Korea are more confident due to the platform's commitment to compliance.

PrimeXBT

Traders seeking cutting-edge resources and services, such as margin trading for a range of cryptocurrencies, can find them at PrimeXBT.Trading with PrimeXBT is made more individualized because of its configurable interface. Anyone looking to optimize their trading potential in the South Korean market will find its low trading expenses and high leverage options to be quite tempting.

Bitflex

Bitflex has become well-known for offering a large selection of cryptocurrencies to traders in South Korea. Traders of all levels can make use of it and its low trading fees enables numerous benefits to be enjoyed.

Gopax

Gopax is a centralized cryptocurrency exchange where customers may effectively handle all trades and deposits of cryptocurrencies on the site.Anyone can participate significantly in the trading of different cryptocurrencies, regardless of expertise level. Yesterday, there were millions worth of trades on the cryptocurrency market Gopax.

Huobi

Renowned for being one of the best cryptocurrency exchange platforms, Huobi Global primarily targets Asian markets and investors have contributed a total of million to Huobi.  In South Korea, Huobi has become very popular and has a large user base.

Wrapping Up

As many cryptocurrency exchange platforms keep on arising, the crypto markets will face a ravishing changeover in generating revenues in millions on a daily basis. Being the top tier cryptocurrency exchange software development company, Plurance has its speciality in creating crypto exchange platforms. Based on the existence of several crypto exchanges in South Korea, we can replicate those according to your business requirements. 

Source Link - https://www.plurance.com/top-crypto-exchanges-of-south-korea      

[coinmystique]

XRP 24-hour buying and selling quantity surpasses $1.03 billion, making it the second most traded altcoin, whereas Korean trade Bithumb rivals Coinbase in XRP quantity.In accordance with CoinMarketCap knowledge, XRP’s buying and selling quantity within the final 24 hours has surpassed the day before today’s by at the very least 50%. Specifically, market individuals purchased and offered $1,036,906,679 XRP. The over $1.03 billion determine represents a 68.97% uptick from the day before today. XRP seeks to take care of its footing above the $0.5 mark as extra crypto market individuals troop to commerce the digital asset. Amid the amount improve, XRP has surged to $0.5101, with its seven-day cumulative efficiency now exceeding 8%.Notably, XRP’s $1.03 billion 24-hour buying and selling has put it simply behind the 2 market leaders, Bitcoin (BTC) and Ethereum (ETH) — except stablecoins. – Commercial –Moreover, its quantity is over two occasions the worth obtained by BNB. Notably, BNB, which got here proper behind XRP, noticed solely $431 million, implying a share hole of 140.14%.XRP Quantity on Exchanges The biggest crypto trade, Binance, accounted for 15.38% of XRP’s total buying and selling quantity, comprising centralized and decentralized buying and selling platforms. Binance customers exchanged over 315 million XRP within the final 24 hours, price roughly $160 million.In the meantime, Coinbase, Binance’s closest competitor within the trade service scene, noticed only a fraction of the XRP quantity Binance commanded. Specifically, Coinbase customers solely traded about 50 million XRP price $24,273,729.Furthermore, XRP commanded extra volumes on Korean exchanges than U.S.-based Coinbase. For instance, Bithumb, which ranked subsequent to Binance in XRP’s quantity, noticed $29,792,157. Curiously, this determine surpassed the amount of Bitcoin traded on Bithumb by at the very least $3.3 million.Equally, XRP was essentially the most traded on the South Korean trade, Korbit. Different Korean buying and selling platforms that noticed vital quantity will increase for XRP embrace Upbit and Coinone. Curiously, XRP commanded over $2 billion inside a 24-hour window on the Upbit trade in July. The substantial determine resulted from the frenzy following the courtroom victory within the month.Comply with Us on Twitter and Fb.Disclaimer: This content material is informational and shouldn't be thought of monetary recommendation. The views expressed on this article could embrace the writer’s private opinions and don't mirror The Crypto Fundamental’s opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Fundamental just isn't liable for any monetary losses.-Commercial-Supply: https://thecryptobasic.com/2023/09/19/xrp-closes-in-on-bitcoin-and-ethereum-with-1-03b-24-hour-volume/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-closes-in-on-bitcoin-and-ethereum-with-1-03b-24-hour-volume

[drewssam]

Vidente VP Found Dead During Korean Prosecution Investigation

An executive closely associated with the cryptocurrency exchange Bithumb was found dead at his home on Friday amid an investigation into embezzlement and stock market manipulation involving the parent company's chief. Park Mo, Vice President of Vident, was discovered deceased in front of his Seoul home, with authorities suspecting suicide by jumping off a building based on optometric and CCTV analysis.

Park was under investigation for allegedly conspiring with Kang Ji-Yeon, CEO of Inbiogen, the majority stakeholder in Vidente, and her brother Kang Jong-hyun, in embezzlement and stock price manipulation. Park oversaw accounting for the Kang siblings, and prosecutors had previously searched Vidente, Inbiogen, and related entities.

It's believed Park's drastic action stemmed from being implicated by the Kang siblings for recent allegations. Allegedly, the Kangs profited illegally by manipulating stock prices and transferring funds through shell companies. The Seoul South District Prosecutor’s Office’s Financial Investigation Division 2 had seized and searched relevant companies, including Vident, on October 7th.

Furthermore, an executive of a Bithumb affiliate faced charges of destroying evidence on October 16th. Vident, listed on KOSDAQ, holds a 34.22% stake in Bithumb Holdings, highlighting the interconnectedness of the entities involved.

[coinmapai]

How to buy MRS coins

The steps to buy MRS coins are as follows:

Choose a suitable trading platform

Currently, there are many digital currency trading platforms on the market that support MRS coin transactions, such as Binance, Huobi, ODEX, Bithumb Global, CoinEx, etc. When choosing a trading platform, the following factors should be considered:

Security: The trading platform should have good security measures to effectively prevent hacker attacks and capital losses. Transaction fees: Understand and compare the transaction fees of different platforms, and choose a platform with reasonable and transparent fees. Liquidity: The trading platform should have an active MRS coin trading market to ensure the smooth progress of transactions. Reputation and user reviews: Understand the reputation and service quality of the platform by checking user reviews and ratings of professional institutions.

Register and verify the account

Register on the selected trading platform, fill in personal information as required by the platform, and conduct identity verification. Identity verification usually requires the provision of valid identity documents, such as ID cards, passports, etc. After successful verification, you will obtain a unique trading platform account for subsequent MRS coin transactions.

Recharge funds

Choose a recharge method you are familiar with on the trading platform, such as bank transfer, credit card payment or third-party payment platform. Enter the recharge amount and complete the recharge operation according to the guide provided by the platform. After the recharge is successful, your funds will be transferred to the trading platform account for the purchase of MRS coins.

Purchase MRS coins

Find the trading pairs of MRS coins on the trading platform, such as MRS/USDT, MRS/BTC, etc. Place an order to purchase MRS coins based on the current market price or the limit price you set. The trading platform will automatically complete the transaction based on your order and market conditions. After the transaction is successful, you will see the corresponding MRS coin balance in the trading platform account.

Manage your digital currency assets

After purchasing MRS coins, you can choose to store them in the asset management center of the trading platform or transfer them to a personal wallet for management. Please be sure to protect your digital currency private key and password to avoid loss or leakage.

Please note that digital currency transactions are risky and the price fluctuates greatly. Before trading, please be sure to understand the relevant risks and make decisions carefully. At the same time, it is also recommended that you pay attention to the latest developments and market conditions of the digital currency market so as to adjust your trading strategy in a timely manner.

How to buy MRS

[gorky-gorod]

🇰🇷 Правительство южнокорейского города Пхохан планирует конфисковать криптоактивы у граждан, имеющих задолженность более $370 перед местной налоговой — аккаунты должников на биржах Bithumb, Upbit, Korbit и Coinone будут арестованы и заморожены. В первое письмо такой инквизиции попали 5208 недисциплинированных корейских криптанов.

[superhorizonus]

How to use Binance, finish spot trading in 5 minutes, and how to withdraw Bithumb Bitcoin from Binance

[blockchainfeed]

Bithumb's strategic move to eliminate trading fees may have backfired. #Blockchain #Crypto