kimchi premium – DIGIT INFO

Bitcoin bottom at $94K? BTC traders regroup after ‘Kimchi premium’ flash crash

DIGIT — Wed, 04 Dec 2024 11:26:06 +0000

BTC price performance is slowly making market observers more bullish on Bitcoin on short timeframes.

Bitcoin range consolidation a ‘healthy next step’ before BTC attempt at $100K

DIGIT — Wed, 04 Dec 2024 01:00:57 +0000

Bitcoin price cooled off at the start of December, but several bullish catalysts support investors’ belief that $100,000 BTC is around the corner.

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South Korea’s Crypto Premium Drops Below 1% as Bitcoin and Ethereum Prices Align Globally

DIGIT — Wed, 22 May 2024 13:10:02 +0000

South Korea’s infamous crypto premium has diminished significantly, with bitcoin and ethereum prices now aligning closely with the weighted global averages, albeit with a minor premium. The BTC premium stands at 0.84%, while ETH’s premium is in a similar range. South Korea’s Crypto Premiums Slides When BTC reached its all-time high in March, the leading […]

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Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday

DIGIT — Sun, 19 Mar 2023 19:30:54 +0000

Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the cryptocurrency’s overall market capitalization has swelled to $546 billion. Global Cryptocurrency […]

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South Korea’s Kimchi premium turns to discount

DIGIT — Mon, 20 Feb 2023 06:05:00 +0000

The “Kimchi premium” has flipped to discount again, and could be saying something about crypto market sentiment, at least in South Korea.

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5 reasons why the Aptos (APT) rally could still have wings

DIGIT — Fri, 27 Jan 2023 21:30:00 +0000

Aptos’ star-studded founders and the market’s disbelief in the rally could further fuel the rise in APT price.

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Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China

DIGIT — Tue, 10 Jan 2023 22:30:28 +0000

A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China. Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’ According to a study […]

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Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018

DIGIT — Mon, 02 Jan 2023 15:30:57 +0000

Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade as a recent report details that Alameda suffered from financial troubles as early as 2018. People familiar with the matter said Alameda […]

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South Korean Crypto Exchange Bithumb Bans Employees from Trading Bitcoin

DIGIT — Sat, 03 Jul 2021 09:30:44 +0000

One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a Bithumb newsletter focused on improving “transaction transparency.” Bithumb Bans Employee Bitcoin Trading – Will Monitor for Individuals Who […]

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South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average

DIGIT — Mon, 24 May 2021 14:54:43 +0000

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 on Monday. In South Korea, crypto-assets like bitcoin are once again experiencing a ‘kimchi […]

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