Bithumb, one of the largest cryptocurrency exchanges in South Korea by its daily trade volume, has sold more than 38 percent of its ownership to a blockchain consortium in Singapore, Coindesk Korea reported this morning. The stake was sold for 400 billion won, or $350 million USD.

Stake Sold

Bithumb signed the deal on October 11th with BK Global Consortium. BK Global Consortium is a blockchain investment firm that was formed by BK Global, a plastic surgery medical group in Singapore.

BTC Holdings Company currently owns 76 percent of Bithumb’s equity and has agreed …

Wow. It is a solemn day for cryptocurrencies everywhere! According to CoinMarketCap, the market is experiencing a big crash with most coins seeing double-digit losses. I wish I could be bringing a lighter tone to this grey picture, but another fraudulent ICO has been shut down by the SEC earlier today.

Is such market volatility going to spell the end for cryptocurrency? Between vast and sudden sell-offs and another fraudulent ICO, you begin to understand why so many bears populate this sector. What’s going on?

Another Fraudulent ICO

Earlier today, the US Securities and …

A Swedish company wants to make crypto online transactions as simple and as safe as using PayPal. But can such a feat be accomplished in such a volatile marketplace?

Crypto Online Transactions

The cryptocurrency market is still considered to be in its infancy, and many skeptics believe that, as a currency, it is hard to spend it day-to-day.

Proof of this issue is that only 2% of online retailers accept crypto despite the increase in adoption for traders and businesses alike.

Fear remains surrounding the volatile nature of a crypto’s price.

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Bitcoingambling.io, a site that caters to those in the cryptocurrency gaming niche, has officially added support for additional currencies.

Sometimes called altcoins or alternative currencies, these coins can provide benefits to the user over using Bitcoin such as faster transaction times or even anonymous spending, as with Monero. The site, founded in 2014, was originally focused on providing resources for individuals looking to gamble online using Bitcoin. However, a lot has changed since then in the world of cryptocurrency, and there are now many other popular cryptocurrencies which both cryptocurrency enthusiasts and even casual users are …