While Some Think Bitcoin’s 12th-Largest Wallet Hides a Nation State, Onchain Data Shows an Exchange

While Some Think Bitcoin's 12th-Largest Wallet Hides a Nation State, Onchain Data Shows an ExchangeThis week, the crypto community on social media has once again been buzzing about a bitcoin wallet called ‘Mr 100’ following a significant deposit of 100 bitcoin on April 10, 2024. Despite numerous assertions that the wallet is associated with the South Korean cryptocurrency exchange Upbit, a faction continues to believe that it is owned […]

Go to Source

South Korea’s Crypto Market Continues to Defy Global Trends With Premium Prices

South Korea's Crypto Market Continues to Defy Global Trends With Premium PricesMetrics reveal that cryptocurrency premiums in South Korea consistently outpace the global average. As of now, bitcoin exchanges hands at $69,245 per piece globally, while on the South Korean platform Upbit, it’s being traded at $73,513 each. Additionally, March witnessed a notable increase in Upbit’s trade volume, skyrocketing by 172.25% from February’s data. Ethereum, Solana, […]

Go to Source

Unveiling ‘Mr. 100’ — The Mystery Bitcoin Wallet Linked to Upbit’s Cold Storage

Unveiling 'Mr. 100' — The Mystery Bitcoin Wallet Linked to Upbit's Cold StorageIn the last two months, the crypto community has been buzzing about a wallet affectionately named ‘Mr. 100.’ This moniker originates from its pattern of receiving 100 bitcoin deposits every few days, leading to speculation that it might belong to a wealthy individual from the Middle East. However, onchain analysts from Arkham Intelligence suspect that […]

Go to Source

South Korea’s Bitcoin Premium Hits 2-Year High, Surpassing Global Rates by $4K 

South Korea's Bitcoin Premium Hits 2-Year High, Surpassing Global Rates by $4K The latest data reveals that the premium on bitcoin in South Korea has escalated to its highest level in more than two years. At 7:30 a.m. Eastern Time (ET) on Thursday, the weighted global average price for bitcoin hovers between $66,800 and $67,000, whereas on the South Korean exchange Upbit, bitcoin’s price stands at $71,076 […]

Go to Source

Bitcoin’s Swift Climb Triggers Soaring Premium in South Korea During Worldwide Rally

Bitcoin's Swift Climb Triggers Soaring Premium in South Korea During Worldwide RallyOn Wednesday, bitcoin’s value ascended past the $60K threshold, peaking at a 24-hour high of $61,389 by 10:45 a.m. (ET). Concurrently, South Korea observed a pronounced premium over the international exchange rate, with local platforms such as Upbit and Bithumb displaying prices that are $2,251 higher. In a Worldwide Bitcoin Frenzy, South Korea and 30+ […]

Go to Source

Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings

Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto DealingsSouth Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean Law Enforcement Authorities Check Records From 3 Crypto Platforms Investigators from the Seoul […]

Go to Source

Powered by WPeMatico