Bitcoin often trades at a premium in South Korea; what happens when this bullish spread quickly dissipates?The Kimchi premium—the spread between Bitcoin price on South Korean exchanges and Western exchanges—has always been an indicator attracting people’s attention in the bull market. The source of this spread is rooted in the inability to easily get a substantial amount of USD out of the...
Since March’s extreme volatility, Bitcoin price action has been far more stable. The major cryptocurrency has continued to hover around the $57,000 to $58,000 price level, seeing minimal fluctuations with the Bitcoin Volatility Index sitting at 3.21%. In South Korea, however, the resurgence of the local crypto scene and tightening regulations have led Bitcoin prices to surge to...
The so-called “Kimchi premium,” or bitcoin price difference in South Korea, has hit 15 percent.With TradingView reporting a $57,000 BTC price for U.S.-based exchange Coinbase and a $66,000 for South Korea’s Bithumb at the time of this writing, the Kimchi premium, or difference between the bitcoin price...
Morgan Stanley and NYSE's parent company Intercontinental Exchange (ICE) were revealed as interested parties in acquiring South Korea's largest crypto exchange Bithumb. Morgan Stanley Takes Over Bithumb Negotiations According to a South Korean media report, the negotiation for...
The move will aid South Korea's OTC securities market.
Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates.
Caving to pressure from retail traders, South Korea's ban on short-selling has been extended through May 2021.
The South Korean Ministry of Science and NCT published a research paper on DeFi today making it the first government-led DeFi research. The local report reads: "The Ministry of Science and ICT and the Korea Internet & Security Agency published the "Blockchain-based innovative financial ecosystem research paper" on January 29. This is the world's first The post Just In: South Korea Releases World's...
The team of investigators requested past data and transaction details from Korea Digital Exchange.
The cryptocurrency tax was originally planned to be implemented in late 2021.
Bithumb, the largest South Korean crypto exchange is reportedly in talks with Nexon, a multi-billion dollar gaming conglomerate as per several local media reports. The report says Nexon plans to take 65% of Bithumb. The local report said, Nexon Group plans to buy out (acquired management rights) Bithumb in partnership with Bident, a major shareholder The post Breaking: Multi-Billion Dollar Gaming Conglomerate Preparing...
Bithumb, the largest South Korean crypto exchange is reportedly in talks with Nexon, a multi-billion dollar gaming conglomerate as per several local media reports. The report says Nexon plans to take 65% of Bithumb. The media reports suggest that Nexon signed a Memorandum of Understanding (MOU) at the start of the month which would allow The post Breaking: Multi-Billion Dollar Gaming Conglomerate Preparing...
Bitcoin surges above $35K for first time with U.S. Democrats poised to take full control of government and 'Kimchi premium' back in force.
Bitcoin's price premiums on South Korean exchanges have returned amid the latest bitcoin bull market.
Bitcoin is currently trying to solidify its position above $32,000 after experiencing high volatility over the past couple of days after the...
Hashed Ventures has raised $120 million for a fund that will be focused on a new era of distributed networks.
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