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Bithumb Welcomes Cardano (ADA) and Status (SNT): 1% Payback Announced

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Bithumb announced that they will be adding Cardano and Status to their list of trading coins starting on June 13th, which came after having this Korean-based exchange platform adding Aeternity and NEM to their list of digital assets. New listings and partnerships are always welcome to the community, so as expected the mentioned listing did cause increased trading volumes in both SNT and ADA over the past couple of days. Although the current bear market kept gains limited.

Bithumb Announces New Listings

After announcing that Bithumb will be adding NEM and Aeternity (AE) to their exchange platform, Bithumb has announced two more listings as stated in the official post on Twitter that they have published several days ago, on June 13th.

As of the mentioned date, Status and Cardano became available for Bithumb users, adding more to the value of the exchange and of course getting more on accessibility and exposure in return.

Bithumb makes up for one of the top South Korean crypto exchanges and thus make a valuable partner in the market.

Although NEM, once ranked as the 15th-best currency started to drop in the last 24 hours despite the Bithumb listing and a rather benevolent trend in the market which pushed XEM down to the 16th spot on the list, Aeternity, SNT, and ADA are going up against the dollar while collecting gains at the time of this writing.

Cardano makes up for one of the top 10 coins, previously listed as the 7th best coin and now taking the 8th spot, so Bithumb makes one of over 15 exchanges which have listed ADA over its lifetime.

In addition to having Bithumb on its list of top exchanges, Cardano can be traded on Huobi, Binance, Bittrex, Upbit, Indodax, Cryptopia and 15 more exchange platform, pushing its market cap to 4.3 billion dollars and up.

Status seems to also be doing pretty well with the latest market trend and with having been added to yet another exchange. With the Bithumb listing Status is getting closer to having 40 listings, while currently being listed on 31 exchange platforms, which include Cobinhood, OKEx, Binance, HitBTC, Livecoin, KuCoin, Bittrex and over 20 more exchange listings with different fiat and crypto trading pairs.

Bithumb Is Offering 1% Payback

With the announcement of the newest listings that came on June 13th with going live the next day, Bithumb announced that the exchange will be giving out 1% payback to their users, which might increase the trading volumes for the newly listed currencies during the period between June 16th and June 20th.

Apparently, if you place the newly added digital assets as a deposit by June 16th, which would mark the final date of deposit making, trading the deposited assets by June 20th would make you eligible for getting 1% payback from Bithumb exchange, making a great way of promoting the newly added currencies along the way.

Allegations for Tax Evasion Dropped: Bithumb Clean

Back in 2017, Bithumb exchange was accused of having been involved in illegal activities by evading tax payments. The National Tax Service has been monitoring and leading this case from the mere start until they have finally come to a conclusion during the last week.

On June 8th, The National Tax Service has announced that all allegations of tax evasion on Behalf of Bithumb are dropped in this case given the fact that the accounting records of the South Korean exchange were carefully investigated leading to the conclusion that Bithumb has neatly paid all their taxes.

It was officially confirmed that Bithumb was falsely accused of tax evasion, while the National Tax Service confirmed that Bithumb paid for all fees and taxes that were summed up to 28 million dollars, which in this case represents a normal tax bill for the year 2017.

This way, all allegations were dropped and all accusations shut down, restoring the probably lost trust in Bithumb exchange that makes up for one of the top exchanges based in South Korea by increasing the exposure of 37 listed digital assets on its platform.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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