Bithumb May Resume User Registration

Restoring cooperation with Nonghyup Bank will allow cryptocurrency traders to open personal virtual bank accounts for trading on Bithumb
29 August 2018   695

Bithumb can resume the process of registering new accounts after signing an agreement with Nonghyup Bank, which is expected to take place on August 30, according to Yonhap news agency.

Restoring cooperation with Nonghyup Bank will allow cryptocurrency traders to open personal virtual bank accounts for trading at Bithumb.

The Exchange suspended registration of new users on July 31 stating the need for "service improvement". Nevertheless, local media reported that the real reason was disagreements with Nonghyup Bank about the terms of the contract, which arose after the recent hacking of the site.

Bithumb Operator to Gain $200M

Will these giant investments help exchange to end 2019 with profit? Time will show
15 April 2019   328

The parent company of the South Korean exchange cryptocurrency Bithumb received $ 200 million of funding from the Japanese blockchain fund called ST, Cointelegraph reported.

Funding was provided as part of the investment round of the A series and will allow the Blockchain Exchange Alliance (BXA) to continue the international expansion of the Bithumb business. The company also promises to implement the support of new trading pairs.

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.
 

BXA

At the end of March, Bithumb suffered another hacker attack and lost about $ 13 million in cryptocurrency. Recently, the company reported on its performance for 2018 - its losses amounted to about $ 180 million.

ST Fund is registered in Japan and manages the capital of investors from around the world, including Europe and the USA.