ChainCatcher message, according to the official announcement, due to the increase in Nervos (CKB) withdrawal volume, the withdrawal service on Bithumb is temporarily delayed, and user withdrawal requests are being processed in order.

ChainCatcher message, South Korean cryptocurrency exchange Bithumb announced that it will temporarily suspend the deposit and withdrawal services for XPLA to facilitate the XPLA network upgrade. According to the announcement, the deposit and withdrawal services for XPLA will be suspended on August 27, 2024 (Tuesday) at 11:00 Beijing time. The XPLA network upgrade is expected to take place on the same day at 13:00, with a target block height of 10,491,710.

ChainCatcher message, the South Korean cryptocurrency exchange Bithumb announced that due to the interruption of the Travel Rule solutions service from some virtual asset service providers (VASP), it will suspend transfers of cryptocurrencies valued at over 1 million Korean Won (approximately 5,600 RMB) to these VASPs.

ChainCatcher news, Bithumb won the second trial of the corporate tax lawsuit for 130 million KRW (approximately 97,000 USD). On August 20, the Seoul High Court overturned the first-instance judgment, ruling in favor of Bithumb. This case originated in 2019 when tax authorities imposed a corporate tax of 180 million KRW (approximately 134,000 USD) on Bithumb due to its change in the assessment method for virtual assets, which was later reduced to about 130 million KRW.The second-instance court found that there were no clear accounting regulations at the time, and Bithumb's choice of the "weighted average method" for assessing virtual assets was legitimate. Furthermore, the virtual assets held by Bithumb should not be considered inventory assets, and thus there was no need to report the change in assessment method.

ChainCatcher message, the South Korean cryptocurrency exchange Bithumb announced that due to the Cosmos (ATOM) network upgrade, the deposit and withdrawal services for ATOM will be temporarily suspended. The suspension will start at 6 PM local time on August 21, 2024 (Wednesday). It is expected to be completed at 11:00 PM (KST) on August 21, 2024 (Wednesday), with a block height of 21,835,200.

ChainCatcher news, according to the official announcement, Bithumb will list Aethir (ATH), with deposits/withdrawals starting within 2 hours, and trading starting today at 3:00 PM (local time).

ChainCatcher message, Boba Network announced that the Burrito Wallet developed by Bithumb's subsidiary has been launched on Boba Network. The main features of the Burrito Wallet include sending, exchanging, and receiving crypto/NFTs, access to over 1,500 assets for exchange, decentralized DeFi yields and staking, and earning Burrito points.

ChainCatcher message, according to the official announcement, Bithumb will launch the io.net (IO) KRW trading pair, supporting the Solana network, and will not support deposits from other networks. The deposit channel is expected to open at 04:00 PM local time on August 7, and trading/withdrawals will begin at 06:00 PM on Wednesday, August 7.

ChainCatcher news, with the implementation of South Korea's "Virtual Asset User Protection Act," virtual asset service providers such as Upbit, Bithumb, and Coinone will also begin to pay regulatory fees. The regulatory fees are levied based on operating revenue, with a total expected to be 300 million KRW (220,000 USD).The regulatory burden fees for virtual asset service providers will be calculated based on the operating revenue of the previous business year and the burden rate. According to the burden rate for 2024, Upbit's fee is approximately 272 million KRW (199,000 USD), Bithumb around 36.5 million KRW. Coinone and Gopax are 6.03 million KRW and 830,000 KRW, respectively. Korbit, which had an operating revenue of about 1.7 billion KRW last year, is not subject to the regulatory burden fees. The actual collection of regulatory burden fees will begin next year.It is reported that the "regulatory fee" is a quasi-tax paid by financial institutions, such as financial companies, that are subject to inspections by the Financial Supervisory Service, in exchange for regulation and services. Enterprises with operating revenues exceeding 3 billion KRW (2.2 million USD) will be subject to this fee.

ChainCatcher news, the Financial Supervisory Service (FSS) of South Korea urgently summoned five major virtual asset exchanges, including Upbit and Bithumb, to discuss the issue of deposit utilization rates.This move stems from the recent intensification of rate competition among exchanges, especially after Bithumb temporarily raised the annual interest rate to 4.0% and then retracted it. The FSS emphasized that utilization rates should be calculated reasonably and required exchanges to provide detailed reports on deposit operations and rate calculation methods.

ChainCatcher news, according to the official announcement, Bithumb will launch the AVAIL KRW trading pair.

ChainCatcher news, according to the Seoul Economic Daily, Bithumb is once again pushing to change its real-name account partner bank from NH Bank to KB Kookmin Bank. This move aims to diversify its customer base and narrow the gap in market share with South Korea's largest exchange, Upbit.Since 2018, Bithumb has signed a contract with Nonghyup Bank for issuing real-name accounts, renewing it every six months or annually. In March of this year, after a failed transaction with Kookmin Bank, Bithumb also signed a six-month renewal contract with Nonghyup Bank.Industry insiders believe that this transaction is more likely to be finalized compared to March. A financial industry insider stated, "Since the contract with Nonghyup Bank will expire in September, there will be no uncertainty due to the implementation of this bill, as this is a new contract after the bill has already been implemented."

ChainCatcher news, according to the announcement from Bithumb, Bithumb will support the MAP Protocol mainnet conversion and rebranding, and the token will use the new ticker MAPO. Bithumb will suspend the deposit and withdrawal of ERC20-MAP tokens at 11:00 KST on July 15 and will reopen the deposit and withdrawal of the mainnet coin MAPO after the conversion is completed.

ChainCatcher news, according to the official announcement, Bithumb will launch the PolyMesh (POLYX) KRW trading pair on July 11 at 17:00 KST.

ChainCatcher news, according to the official announcement, Bithumb will launch BRETT and TAIKO KRW trading pairs, with trading opening on July 9th at 18:00 KST.

ChainCatcher news, according to the official announcement, due to the legal dispute process with the XENT Foundation regarding the termination of XENT trading support not being finalized, Bithumb has announced its intention to terminate XENT trading support, with the specific date to be announced later. XENT is the name of the virtual asset before Enterbutton (ENTC) was renamed.

ChainCatcher message, Bithumb announced that in order to protect investors and establish a sound market order, Bithumb is actively responding to unfair trading practices such as using undisclosed information, market manipulation, and illegal trading before the implementation of the "Virtual Asset User Protection Act" (July 2024). They plan to set up a reward of up to 300 million KRW for reporting unfair trading, which will be paid to those whose reported actions are subject to disciplinary action or confirmed by the court as valid (first report).