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South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average
24.5.2021
As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board...
South Korea’s Bitcoin ‘Kimchi Premium’ Reappears, Korbit and Bithumb Exchange Volumes Spike
26.4.2021
During the first week of April, South Korea’s ‘kimchi premium’ on domestic cryptocurrency exchanges had jumped over 18%, but then leveled off, equalizing with global exchange rates over the last two weeks. On Monday, as bitcoin prices spiked 8% higher surpassing the $54k zone,...
South Korea’s Kimchi Premium Returns: BTC and ETH Prices Jump 18% Higher Than the Global Average
6.4.2021
While a great number of spot exchanges have seen consistent prices in a few select areas in the world, bitcoin is selling for a premium. That’s the case in South Korea right now as there’s a price gap, otherwise known as the ‘kimchi premium’ on domestic South Korean...
Korea’s Shinhan Bank makes strategic investment in crypto custody consortium
11.1.2021
South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit
South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million
8.1.2021
Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy all the shares owned by Bithumb chairman...
Hacker Sells Tens of Thousands of Ledger, Tezor, and Keepkey Users’ Info
24.5.2020
The customer databases of Trezor, Ledger, and Keepkay have allegedly been listed for sale by the perpetrating hacker
Major Crypto Exchange in Korea Shuts Down: 2018 Was a Nightmare for Most
16.5.2019
The shut down of a major crypto exchange in South Korea in April showed the impact a prolonged bear market could have on crypto businesses. 4 of South Korea’s top 5 exchanges recorded big net losses