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Bitcoin Asset Manager Parataxis to Go Public in $400M SPAC Deal Backed by SilverBox
6.8.2025
The newly public firm will pursue bitcoin-focused treasury strategies in the U.S. and South Korea
South Korea Cuts Out Bitcoin Strategic Reserve Considerations: Report
17.3.2025
The IMF emphasizes the importance of prudently managing liquidity, market, and credit risks — criteria that bitcoin, with its erratic nature, does not satisfy
Bitcoin’s Global Price Tug-of-War: US Discounts, South Korea Premiums Soar
27.12.2024
On Friday, as the weekend looms, bitcoin (BTC) is holding its ground at $96,751 per coin. Over at Coinbase, a curious twist has appeared over the past 11 days with a negative premium gap of $122, while South Korea is displaying a premium of 3.3% on bitcoin’s price. Bitcoin Price Divide Prior...
Martial law causes Bitcoin crash to $65K in South Korea — Here’s why
4.12.2024
One analyst said South Korea’s limiting of the market to a few players caused a sudden decrease in liquidity
From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets
24.11.2024
In the past week, the crypto market has been buzzing with action, with bitcoin smashing its way to a new all-time high of $99,800 per coin on Thursday. Data reveals an intriguing dynamic during this period: while the Coinbase premium climbed, South Korea experienced a discount in BTC prices...
Bitcoin Premium in South Korea Rises: A Bullish Signal or Just Regional Dynamics?
4.11.2024
Although bitcoin dipped below $70,000 earlier this week, South Korean markets still show a notable premium. On Oct. 24, the premium climbed as high as 2.21%, with today’s rate only slightly lower. South Korea’s Bitcoin Premium Bounces Back After October’s Brief Dip As of 4:45...
Bitcoin's South Korea Discount Hits Highest Since October 2023
25.9.2024
The bitcoin price discount on Korean exchanges relative to offshore venues is the steepest since October 2023, according to CryptoQuant
South Korean Mart Dishes Up Bitcoin-Themed Meal Packs with Crypto Exchange Bithumb
9.5.2024
Emart24 and Bithumb have teamed up to offer Bitcoin Meal packs, allowing customers to win Bitcoin rewards through a simple app-based process.
The post South Korean Mart Dishes Up Bitcoin-Themed Meal Packs with Crypto Exchange Bithumb appeared first on Cryptonews
What Causes the Kimchi Premium? South Korean Experts Explain
18.3.2024
Kimchi premium crypto price discrepancy is driven by a lack of South Korean corporate investment in Bitcoin, say South Korean experts.
The post What Causes the Kimchi Premium? South Korean Experts Explain appeared first on Cryptonews
Bitcoin Surge Sees Crypto Trading Volumes Exceed the Stock Market in South Korea
11.3.2024
The KOSPI trading volume recorded 11.4794 trillion won on Mar.8, compared to nearly 12 trillion won on local crypto exchanges on Sunday
“Kimchi Premium” Returns: Bitcoin Trades at 10% Price Premium in South Korea Against Global Exchanges
7.3.2024
Bitcoin's infamous "Kimchi premium" has made a comeback, with the cryptocurrency commanding an average 10% price premium in South Korea compared to global exchanges.
The post “Kimchi Premium” Returns: Bitcoin Trades at 10% Price Premium in South Korea Against Global Exchanges appeared...
South Korea Upholds Crypto ETF Ban Amid Country’s Rising Bitcoin Premiums
11.1.2024
South Korea persists in its stance against allowing financial institutions to invest in digital currencies, effectively blocking the launch of any crypto exchange-traded fund (ETF) within its borders. A representative from the Financial Services Commission (FSC) clarified to local journalists that...
These Researchers Say Crypto Markets Will Grow to $1.5trn in 2023 – And Here’s Why
6.12.2022
South Korean experts have predicted that the crypto market’s capitalization will rise from around $800 billion to some $1.5 trillion next year. And they claim that “stabilizing” inflation figures “during the first half of next year” will whet investors’ appetites for Bitcoin (BTC) and other tokens....
Number of South Korean 20- and 30-something Crypto Buyers Has ‘Nearly Tripled’ Since 2020
13.9.2022
More young South Koreans than ever are buying crypto, with the number of 20- and 30-somethings taking the plunge tripling since 2020. But this rise in bullish buying behavior has come at a price – with a sharp rise in youth bankruptcy claims reported over the same period....
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Korea’s crypto market is among the strongest — and the strangest — in the world
25.5.2021
Between strict capital controls and regulations, Korea’s cryptocurrency industry is so closed off that Bitcoin commands a steep premium and DeFi is in its infancy
Former Employees From Major South Korean Firms Quit Their Jobs After Pocketing Millions in Crypto Profits
24.4.2021
South Korea’s crypto-sphere has been witnessing a volatile environment in terms of regulatory moves, as bitcoin prices and other altcoins are also having wild moves. Such a scenario hasn’t stopped the country’s middle class to profit from the crypto market, even with very...
South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’
22.4.2021
The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi...
Crypto Fraud Reports in South Korea Surged Over 41% in 2020, Says Financial Watchdog
21.4.2021
Although bitcoin prices plummeted over the weekend, the overall bull-run remains alive, as well as the crypto-related fraud cases in South Korea. The latest figures by the domestic financial watchdog show that such incidents are still on the rise. Police to Dedicate a Special Unit to Investigate...
South Korean City Threatens to Seize Cryptos From Tax Evaders
16.4.2021
Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings. 511 Individuals in the Authorities’ Eyes...
Study Finds South Koreans Aged 20-39 Mainly Invest up to $100 in Cryptocurrencies
31.3.2021
South Korea’s “crypto boom” is a term that the local media has widely adopted to refer to the current hype seen across the Asian nation. In fact, a recent study unveiled a rising trend in the number of South Koreans making small-scale crypto investments. New Crypto Investors Seem...