Tag: Bithumb

regulations
March 11, 2020 BY Steffy Bogdanova

Bithumb teams up with Chainalysis as Korean regulations become tighter

South Korean cryotocurency exchange Bithumb announced its partnership with crypto forensics firm Chainanylsis after new Korean crypto regulations was established. Bithumb will use Chainalysis’s “Reactor” investigations tool for examination of suspicious activity on its platform in order to comply with Korea’s recently revised Special Financial Transactions Information Act. The new crypto exchange regulation is expected…

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Stax Inc. teams up with Coleman Research
December 31, 2019 BY Mariela Naydenova

A $69 million tax bill for Bithumb - litigation ahead

Taxes in the cryptocurrency world are not an uncommon issue. In fact, the idea of taxing cryptocurrencies and crypto exchanges has been a long standing issue for many countries around the world. However, one of the largest cryptocurrency exchanges in the world and the largest one in South Korea, Bithumb, got hit with a massive…

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forex market crypto news and updates
May 21, 2019 BY Valentina Kirilova

Daily Market News: Tesla in a "code red situation"

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 21, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Tesla Drop Stellar Down Crypto Dominance Traditional Markets No stocks are not in a bear market but…

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FXTM analyzed 70 M&A deals to show stock performance and GDP comps
January 23, 2019 BY Mariela Naydenova

Bithumb looks to go public in the US with a reverse merger

Bithumb, one of the world’s largest cryptocurrency exchanges, is looking to go public in the US through the mechanism of reverse merger. Bithumb can become the very first crypto exchange to be traded publicly in the United States. The holding company of Bithumb, BTHMB, which is based in Singapore, is seeking to be listed in…

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March 30, 2018 BY Valentina Kirilova

How profitable are the world’s top crypto exchanges?

The top ten cryptocurrency exchanges are bringing in as much as $3 million per day in profit, according to Bloomberg calculations. Considering that cryptocurrency did not even exist until 2009, profit at that level is absolutely astonishing compared to the historical development of other industries. It is easy enough to understand how cryptocurrency exchanges make…

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