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CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker
6.4.2021
“If the prices on South Korean exchanges stabilize, then we will add the data back in, but that hasn’t happened yet,” said a CoinMarketCap spokesperson
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...
South Korean Newspaper to Give its Subscribers Kakao's Klay Token
6.4.2021
In an unprecedented move, the mainstream South Korean newspaper Hanguk Kyungjae has announced that it will begin giving out crypto tokens to subscribers of its print and online editions.
The newspaper (English name: “Korea Economic Daily”) is one of the nation’s leading financial dailies. It...
Kimchi Premium ‘Returns’ as South Korean Youth ‘Rushes’ to Bitcoin
5.4.2021
South Korea’s bitcoin (BTC) boom appears to have returned in earnest, with more reports of investors aged 20-39 plunging into the market, and claims that the “kimchi premium” may have returned for the first time in earnest since early 2018.
The kimchi premium was a phenomenon whereby BTC and some...
Kimchi premium hits 11% — Is Bitcoin now in a 2017-esque retail stage of the cycle?
4.4.2021
Is a surging premium in South Korea a top signal or a sign that the Bitcoin rally is only getting started?
Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox
4.4.2021
South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to...
Japanese Regulator Aims to Implement FATF Rules Toward Crypto Companies in 2022
3.4.2021
Japan’s Financial Services Agency (FSA) has revealed that the regulating body will adopt the Financial Action Task Force (FATF) “travel rule” and standards toward the cryptocurrency industry throughout the nation. Meanwhile, FATF’s rule has been considered far-reaching...
Binance Abruptly Delists South African Rand Trading Pairs After Currency Fails to Meet ‘High Level Standard’
2.4.2021
In an abrupt move, Binance South Africa announced on March 31 that all South African rand (ZAR) trading pairs will be delisted on April 2. The crypto exchange adds in a statement that “all trade orders will be automatically removed after 10.00 UTC on April 1” in each respective trading...
Independent Local Stablecoin Booming in South Korea’s Buyeo
2.4.2021
Statue of the Lying Buddha of Miamsa Temple in Naesan-myeon, Buyeo-gun, South Korea. The circulation of a local stablecoin operated by South Korea’s Buyeo County has exceeded the USD 93m mark as the county looks to expand the use of its token.
Per Kuki News, the county has enabled near-field...
South Korean gov't makes $10.5M profit from 4-year-old Bitcoin crime haul
1.4.2021
The coins languished in cold storage for four years after being confiscated by authorities during an arrest
South Korea will use blockchain to prevent counterfeit vaccine passports
1.4.2021
Blockchain technology is being used to cement confidence in the integrity of new health surveillance measures such as COVID-19 vaccine passports
A Forex Broker Transfers 1,200 BTC Belonging to the Mirror Trading International to a South African Liquidator
1.4.2021
Fresh reports from South Africa suggest that a total of 1,200 bitcoins belonging to the now-defunct Mirror Trading International (MTI) were recently transferred from FX Choice to an appointed liquidator. The reports add the transfer had been sanctioned by the Financial Sector Conduct Authority...
South Korea to launch blockchain-based vaccine passports
1.4.2021
The Prime Minister of South Korea has announced a blockchain-based vaccine certificate will launch later this month, but the concept has proven controversial across the world
French Crypto Investor Sues Australian Firm After Klaytn Deal Goes South
31.3.2021
French businessman Alexandre Raffin, who runs the Paris-based Gains Associates, a company that allows investors to pool their money and buy crypto, has filed a lawsuit in an Australian court against crypto advisory and research company Modern Assets Australia. Raffin accused the Australian firm...
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...
Customers of Small South Korean Crypto Exchanges Fear for their Funds
31.3.2021
South Korean crypto exchanges are now among the most tightly policed trading platforms in the world after a new piece of anti-money laundering (AML) legislation promulgated last week, also placing controls on banking operations and much more. But in the ensuing grace period – which runs until late...
Major Venezuelan Satellite TV Provider Enables Bitcoin and Other Cryptocurrencies Payments
30.3.2021
Venezuelan customers from the biggest satellite TV provider in the country are now able to pay their monthly bills via cryptocurrencies. Simple TV announced it had enabled the feature to its over four million users, whose company was the replacement of Directv. Company Expects to Cut Dependency...
South Korean Tech Giants May Capitalize on ‘Rising Crypto Pay Demand’
30.3.2021
A new report has suggested that South Korea’s two biggest internet-focused tech titans, Kakao and Naver, may be well-poised to take the next step in crypto pay and crypto exchange-related business expansion.
Both have already placed a foot firmly into the door of crypto, but are still taking...
South African Companies Convert Cash Holdings Into BTC— Crypto Asset Is Hedge Against Devaluation
30.3.2021
New reports emerging from South Africa suggest privately held firms are converting a portion of their cash holdings into bitcoin as they seek to hedge against currency devaluation. According to one report, an open-source software specialist firm, LSD Open, could well be the first South African...
South Korea's 'Kimchi premium' is back: Is the Bitcoin rally starting to heat up?
29.3.2021
Demand for Bitcoin in South Korea is heating up as the country's BTC premium rises over 5%