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South Korea’s Bitcoin Kimchi Premium Drops: What Does it Mean for BTC?

South Korea’s Bitcoin Kimchi Premium Drops: What Does it Mean for BTC?

The Bitcoin kimchi premium in South Korea has plummeted significantly amid a broader market decline, signifying weakened enthusiasm among digital asset investors in the country. According to data from CryptoQuant, the Bitcoin kimchi premium slumped to 1.5% on Friday during the afternoon trading session in Asia. For the uninitiated, the kimchi premium is an indicator […]

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South Korean Police Arrest 49 in Crypto-powered Drug Trading Bust

South Korean Police Arrest 49 in Crypto-powered Drug Trading Bust

Last updated: April 23, 2024 23:00 EDT | 2 min read South Korean police have arrested 49 people in a raid on a suspected crypto-powered drugs trading gang, officers announced on April 23. Per Newsis, the Busan Police Agency Drug Crime Investigation Unit said the gang had smuggled and sold almost $1.5 million worth of

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Escaped South Korean Criminal Suspect ‘Used Weapon to Rob OTC Crypto Buyer’

Escaped South Korean Criminal Suspect ‘Used Weapon to Rob OTC Crypto Buyer’

Last updated: April 17, 2024 23:00 EDT | 1 min read An escaped South Korean criminal suspect reportedly stole almost $362,000 worth of cash in an armed robbery on an OTC crypto buyer. Per Law TV News, police say the suspect – aged in his 40s – “lured” a victim to Seoul’s affluent Gangnam District

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South Korean ‘Crypto Tax Crackdown’ Moves to Another City

South Korean ‘Crypto Tax Crackdown’ Moves to Another City

Last updated: April 15, 2024 23:00 EDT | 2 min read The South Korean “crypto tax crackdown” continues its nationwide tour, moving on to the city of Yeongcheon in North Gyeongsang Province. While crypto trading profits are not yet subject to taxation in South Korea, local authorities have been seizing and liquidating coins from so-called

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South Korean Politicians Accuse Each Other of Crypto Misconduct Ahead of Election

South Korean Politicians Accuse Each Other of Crypto Misconduct Ahead of Election

Last updated: April 1, 2024 23:00 EDT | 2 min read South Korean politicians are accusing one another of crypto-related wrongdoings ahead of parliamentary elections in the nation on April 10. The country will go to the polls in just over a week to elect members of the National Assembly. The parliament is currently dominated

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South Korean Police Nabs 2 Fraudsters After Senior Citizen Loses $4.1M in Crypto Scam

South Korean Police Nabs 2 Fraudsters After Senior Citizen Loses $4.1M in Crypto Scam

Crypto crimes are on the rise across the world, especially with the market-wide boom. Elderly individuals, for one, are one of the most targeted groups, preyed on by fraudsters who convince them through different means to exchange their funds for crypto while promising substantial investment gains. This has prompted authorities to intensify their crackdown. In the

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South Korean Political Parties Present Policy Promises as Crypto Investors Emerge Key Voting Group

South Korean Political Parties Present Policy Promises as Crypto Investors Emerge Key Voting Group

Last updated: March 20, 2024 06:51 EDT | 2 min read With only three weeks remaining until the general election, South Korea’s rival political parties are vying for support from crypto investors, who have emerged as a key voting group.  According to local media outlet JoongAng Daily, the parties recognize the significance of addressing cryptocurrency-related policies

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South Korean Gaming Giant WeMade’s Blockchain Bet Finally Pays Off?

South Korean Gaming Giant WeMade’s Blockchain Bet Finally Pays Off?

Last updated: March 13, 2024 19:30 EDT | 2 min read The South Korean gaming behemoth WeMade is hopeful that its massive blockchain gaming drive is finally starting to pay dividends, media reports claimed on March 13. Business Post claimed that the industry was “paying attention” to the firm amid the crypto bull market. South

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