Coinbit stops operations, becoming the second cryptocurrency exchange to shut down this month.

AXIASOFT, a blockchain service provider, operates Coinbit, a cryptocurrency exchange based in South Korea. The exchange has announced on its website that it has halted operations as of Thursday (local time). It became a virtual asset service provider (VASP) on September 1st of last year, and this development occurred just over a year later. It is also the second cryptocurrency exchange in the nation to shut down, following Cashierest on November 6. This suggests that the unsettling forecasts made by industry insiders are coming to pass.

An unidentified industry analyst said, "Much of the workforce at crypto exchanges have been taking hits, leading to challenging business conditions," raising the possibility that further announcements of service suspensions are about to occur. In a previous assessment this year, the Financial Intelligence Unit (FIU) found that 18 of the 21 cryptocurrency exchanges were completely capital impaired, and 10 of the 21 exchanges reported no revenue at all from transaction fees.
#CryptoKorea #koreacryptotrends #btcnews99

Potential Highs & Lows of Bitcoin Price

YearMinimum PriceAverage Price

2023 $20,000 $21,525

2024 $21,500$65,000

2025 $30,000$50,000

2030 $95,000$110,000

#BTC #JUP #crypto #BullRunSuccess #CryptoKorea $BTC $BNB $BNB

#bnb #ABG @CZ @Binance Announcement

#CryptoKorea #BTC #BTC

Difference of ABG vs Bitcoin? 
Let's explore the contrast between ABG and Bitcoin. While both ABG and Bitcoin fall under the category of cryptocurrencies, they exhibit notable distinctions when it comes to centralization and decentralization.
Bitcoin (BTC):
Decentralized: Bitcoin is often considered a decentralized cryptocurrency. It operates on a decentralized blockchain, which is a distributed ledger maintained by a network of nodes (computers) around the world. No single entity or authority controls Bitcoin. Miners validate transactions and secure the network, and no central organization governs its development or operation.
Anonymous creator
ABITCOINGOLD (ABG):
ABG utilizes a hybrid structure that combines elements of both centralization and decentralization. While it operates on a blockchain, ABG actively participates in its evolution and offers user-friendly services like ATM machines and ATM cards to facilitate convenient access to cryptocurrency.The ABG team has publicity on social media, and they conduct events to inform their users and investors about ABG’s future plans and development. 
ABG improves the accessibility of financial services, enabling users familiar with conventional banking systems and ATM machines to easily adopt and make use of its decentralized features.
The ABG team has undergone both publicity and Know Your Customer (KYC) verification.
What does ABG have to offer?
ABG offers enduring stability, depth, and a lasting impact. It facilitates comprehensive problem-solving and innovation, leading to superior results and substantial growth potential. ABG initiatives encourage the development of expertise, collaboration, and resource efficiency, bolstering an organization's reputation and adaptability. Over time, we present opportunities to glean insights from errors, establish a legacy, and construct sustainable value. This makes it a strategic preference for individuals aiming for enduring success.
No investment
No lending
No Staking
No Scam
No Fundraising
Is ABG safe?

A South Korean woman, aged 32, was given a suspended jail sentence for stealing her ex-husband's $1.3 million #cryptocurrency stash following the end of their common-law marriage. She accessed his wallet through a desktop PC at his home in Gangnam, Seoul, transferring the funds to a mobile phone wallet on the same day their relationship ended. The court found her guilty of violating laws related to information and communication networks and economic crimes, stating that she exploited her former partner's trust to steal his property. However, citing mitigating circumstances, the judge suspended her 18-month prison sentence for two years. The stolen coins were confiscated and returned to the ex-partner. This incident is one among several cases involving individuals in South Korea involved in embezzling public funds for cryptocurrency investments.
#CryptoKorea #SouthKorea