South Korea’s Kimchi premium collapsed overnight, but it is likely not a sign of a short-term Bitcoin top.
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CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker
“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.
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South Korea’s Kimchi Premium Returns: BTC and ETH Prices Jump 18% Higher Than the Global Average
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.
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Kimchi premium hits 11% — Is Bitcoin now in a 2017-esque retail stage of the cycle?
Is a surging premium in South Korea a top signal or a sign that the Bitcoin rally is only getting started?
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Japanese Regulator Aims to Implement FATF Rules Toward Crypto Companies in 2022
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
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South Korean gov’t makes $10.5M profit from 4-year-old Bitcoin crime haul
The coins languished in cold storage for four years after being confiscated by authorities during an arrest.
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