Tag: south korea

Apr 14 2021

Bitcoin's Kimchi Premium Bubble: Inflation, Deflation and Consequences

Apr 14 2021 Published at Bitcoin Magazine under tags  bubble markets south korea

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...

Apr 06 2021

Kimchi Premium Soars 17% as South Korea’s Crypto Market Turns Bullish

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...

Apr 05 2021

Bitcoin’s “Kimchi Premium” Hits 15 Percent

Apr 05 2021 Published at Bitcoin Magazine under tags  markets south korea

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...

Mar 19 2021

Morgan Stanley Bidding for South Korean Crypto Exchange Bithumb

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...

Feb 17 2021

Kakao to Record Private Securities on Its Own Blockchain as NFTs

The move will aid South Korea's OTC securities market.

Feb 08 2021

Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets

Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates.

Feb 04 2021

Following GameStop, South Korea Financial Regulator Extends Ban on Short Sales

Caving to pressure from retail traders, South Korea's ban on short-selling has been extended through May 2021.

Jan 30 2021

Just In: South Korea Releases World’s First Govt. Led DeFi Research

Jan 30 2021 Published at Coingape under tags  altcoin news btcbrl btcbusd btcdai btceur

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...

Jan 26 2021

South Korean Tax Agency Carries out Irregular Audit on Crypto Exchange Operator

The team of investigators requested past data and transaction details from Korea Digital Exchange.

Jan 19 2021

South Korea’s Dunamu Launches Bitcoin ‘Fear and Greed’ Index to Guide Traders

Jan 19 2021 Published at CoinDesk under tags  coinflash dunamu markets news south korea

The tool is aimed to help traders make better decisions based on market sentiment.

Jan 16 2021

K-Pop Sensation Mamamoo to Mint Digital Collectibles on Polkadot

Jan 16 2021 Published at CoinDesk under tags  k-pop mamamoo markets nfts non-fungible tokens

The popular K-Pop girl band's parent company RBW is now selling its singers' digital products on the blockchain.

Jan 07 2021

South Korea’s 20% Crypto Tax Now Coming in 2023: Report

The cryptocurrency tax was originally planned to be implemented in late 2021.

Breaking: Multi-Billion Dollar Gaming Conglomerate Preparing to Acquire 65% Stake in Bithumb

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...

Breaking: Multi-Billion Dollar Gaming Conglomerate Preparing to Acquire 65% Stake in Bithumb

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...

Jan 06 2021

First Mover: Bitcoin Hits Record as `Blue Wave’ and `Kimchi Premium’ Look Bullish

Jan 06 2021 Published at CoinDesk under tags  bitcoin election2020 first mover markets news

Bitcoin surges above $35K for first time with U.S. Democrats poised to take full control of government and 'Kimchi premium' back in force.

Jan 05 2021

Bitcoin Retail FOMO Brings a Heap of ‘Kimchi Premium’ to S. Korea

Bitcoin's price premiums on South Korean exchanges have returned amid the latest bitcoin bull market.

South Korean Whales Accumulating BTC on Exchanges, Can Coinbase Buyers Hold Bitcoin Above 30k?

Jan 05 2021 Published at Coingape under tags  asian markets bitcoin bitcoin news btc btcbrl

Bitcoin is currently trying to solidify its position above $32,000 after experiencing high volatility over the past couple of days after the...

Dec 23 2020

South Korea’s Hashed Raises $120M Venture Fund for Crypto Deals

Dec 23 2020 Published at CoinDesk under tags  business hashed south korea venture capital

Hashed Ventures has raised $120 million for a fund that will be focused on a new era of distributed networks.

Hashed Ventures Forms $108M Fund to Invest in Blockchain and ‘Protocol Economy’ Startups

Dec 23 2020 Published at CoinDesk under tags  blockchain funds business coinflash defi hashed

The regulated fund is aimed to help grow the DeFi and blockchain ecosystem by attracting institutional investors, said CEO Simon Kim.

Nov 27 2020

Crypto Exchange Upbit Brings in Withdrawal Delay in Bid to Tackle Fraudsters

Nov 27 2020 Published at CoinDesk under tags  business crime cryptocurrency exchanges markets

The South Korea-based exchange has announced a 24-hour cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks.

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