South Korea

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Bill Introduced to Make South Korean Officials Declare Their Crypto Investments

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A bill has been introduced in South Korea to require public officials to declare their investments in cryptocurrencies including bitcoin. This initiative follows the recent controversies within the government regarding cryptocurrency regulations, including insider trading and market manipulation. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Bills for … Read more

Markets Update: Cryptocurrency Prices Rebound But Uncertainty Still Lingers

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After the past few weeks of bearish market sentiment within the cryptocurrency economy, a wide variety of digital assets are starting to gain higher values. BTC/USD markets have hit a 24-hour high of $13,050 on January 20, after slowing creeping upwards from the low $10K range. Overall nearly every token market is up today anywhere … Read more

Trading Tip `The Wall´ – Why Do We Fall, Bruce?

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This week, the price of bitcoin reached a low-point of -53% from its December high. A few weeks ago, I wrote about the Death of the “Get in before Wall Street!”-meme and why it made sense to Short the Great Bitcoin Bull. My viewpoint remains unchanged in that I’m still confident that the CME bitcoin futures listing … Read more

Korean Lawmaker Shows Evidence Government Embargo Led to Market Manipulation

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A South Korean lawmaker has shown how the government’s announcement policy enabled market manipulation last week following the news of possible cryptocurrency trading shutdown. According to his evidence, reporters and officials had 40 minutes to buy the dip as the price of bitcoin in Korean won reversed and rallied. Also read: South Korean Officials Caught Trading … Read more

Nearly 2M South Koreans Used Mobile Crypto Apps Last Week

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Over the past few months, South Korea has become one of the world’s biggest cryptocurrency hubs. Local exchanges generate billions in volume every single day, divided among the top and smaller cryptocurrencies. Even though the government is looking to curb cryptocurrency trading, the general population is not too bothered. A new study shows that close to … Read more

South Korean Regulator: In Reality Impossible to Close Cryptocurrency Exchanges

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The South Korean Fair Trade Commission (KFTC) does not have the authority to close cryptocurrency exchanges. “It is impossible in reality,” said the KFTC chairman. The agency is currently investigating 13 major exchanges operating in the country for alleged violations of the e-commerce law. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto … Read more