Tagbitcoin South Korea

South Korean Gen X'ers Pour $11,000 Each on Average into Crypto: Poll

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bitcoin South Korea

By CCN: South Koreans are keen to invest in crypto and millennials aren't out front this time. According to a new survey reported by Arirang TV, bitcoin is becoming more popular among South Korean investors. The survey was performed by the Korea Financial Investors Protections Foundation, which canvassed 2,500 South Koreans between the ages of 25 and 64 at year-end 2018 across Seoul and five...

South Korea’s Biggest Cryptocurrency Exchange Investigated by Local Police, Market Drops

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South Korea Upbit bitcoin altcoins

UPbit, South Korea’s biggest cryptocurrency exchange, was investigated by local police and 10 investigators after its headquarters in Seoul were raided. Chosun, the country’s biggest mainstream media outlet, reported that the South Korean authorities are suspecting UPbit of illicitly moving customer funds to the account of its executives. Investigation Ongoing On May 10, the Seoul local police...

South Korean Government to Auction Off Bitcoin Worth $518,000

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On June 14, Local publications including the Seoul Economic Daily revealed the plans of the South Korean government to auction of 216 bitcoins worth around $518,000 at the time of reporting, seized during a series of previous investigations into illicit financial activities. The Korea Asset Management Corporation (KAMCO), an asset management arm of the South Korean government which oversees state...

Bitcoin Price Surges Past $2,070 in South Korea, Arbitrage Opportunity?

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South Korea Bitcoin

As of May 12, bitcoin price in the South Korean exchange market is $2,076, approximately 12.7 percent higher than that of the global average price. To be exact, bitcoin is being traded on South Korean exchanges and trading platforms at a price that is $269 higher than the global average price of $1,807. Ever since the debut of venture capital backed and regulated bitcoin exchanges including...

Dutch and Korean Mainstream Media Extensively Cover Bitcoin Rally

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Bitcoin is sustaining a strong price rally, maintaining its stability at the US$1,020 margin. Within seven days, the price of bitcoin rose by 9%, pushing the demand for the digital currency in exchanges worldwide. As a result, bitcoin began to gain extensive coverage by mainstream media in South Korea, Belgium, and the Netherlands. Extensive Coverage in Belgium and the Netherlands In the...