2024-3-7 10:18 |
Local market observers pointed out that the so-called “Kimchi premium” crossed a two-year high mark on Thursday.
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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 premium-driven transactions.
2021-4-22 03:30 | |
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The Bank of Korea has warned that significant price differences between South Korean exchanges and those abroad, or the “Kimchi Premium,” may emerge in the coming years. Kimchi May Strike Back According to local outlet No Cut News, South Korea’s central bank cautioned officials of another “Kimchi Premium”-like situation if regulations and crypto trading frameworks […] The post Bank of Korea: Infamous ‘Kimchi Premium’ May Reappear in Bitcoin Markets appeared first on CryptoSlate.
2018-9-12 07:00 | |
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Throughout this week, many tokens including 0x (ZRX), Ethos (BQX), ICON (ICX), and Aeternity (AE) have been traded in South Korea with 300 to 600 percent premium rates. As of August 1, 2018, Ethos on Bithumb, a major crypto exchange in the local market of South Korea, is being traded at $5.
2018-8-2 11:00 | |
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Bithumb traders have recently experienced an abnormal surge in the price of some crypto, with tokens like Ethos trading six times over its average value only on the South Korean exchange. Many traders began to attribute these ludicrous prices to the Kimchi Premium, which local cryptocurrency traders have grown accustomed to over the most recent months.
2018-7-30 08:04 | |
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South Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country.
2018-6-29 16:55 | |
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Kim Yong-bum, the Vice Chairman of the Financial Services Commission and one of the main financial regulators in South Korea, expressed optimism towards the cryptocurrency market and the disappearance of the “Kimchi Premium” which exceeded 30% at the cryptocurrency market’s peak in December 2017.
2018-6-29 21:00 | |
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Binance has announced its integration with the dYdX Chain mainnet. Deposits for DYDX are open, while support for withdrawals will go live once there’s sufficient volume. Binance users can now directly deposit or withdraw dYdX (DYDX) tokens.
Revolut has launched Revolut X, a new crypto exchange platform for pro traders. The exchange will initially only be availabe to UK users. Revolut’s new crypto trading platform Revolut X is now live, the fintech company announced on Tuesday.
Kenya partners with Marathon Digital for crypto regime advice, a notable change from its central bank's previous warnings. The post Kenya taps US Bitcoin mining giant Marathon Digital for crypto regime and mining consultation appeared first on Crypto Briefing.
A new Visa study finds over 90% of stablecoin transaction volumes are from bots and large-scale traders, not genuine users, suggesting stablecoins are still far from mainstream adoption. The post Visa reveals 90% of stablecoin transactions come from bots and big traders appeared first on Crypto Briefing.
A new Visa study finds over 90% of stablecoin transaction volumes are from bots and large-scale traders, not genuine users, suggesting stablecoins are still far from mainstream adoption. The post Visa study reveals 90% of stablecoin transactions are done by bots and large-scale traders appeared first on Crypto Briefing.
Both equities and gold have been trading lower since reaching highs in mid-April, the report said.
Dutch police arrested a 26-year-old man on April 29. The arrest is connected to the ZKasino crypto gambling scam that involves over $30 million. Police have seized 11. 4 million euros ($12. 2 million) in crypto and other assets from the suspect.