Cryptocurrency Analysis and News Portal
South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency. According to an Aug. 15 report from Asia Times, the Financial Supervisory Service (FSS) ordered an investigation into South Korean banks last month after identifying a
Read More
Summary: South Korean authorities have launched a probe into the Bitcoin ‘Kimchi Premium.’ The investigations cite that the Kimchi Premium was used to make profits that were transferred abroad through illegal remittances. Authorities in South Korea have launched investigations into the famous Bitcoin ‘Kimchi’ premium. According to local reports, the Seoul Central District Prosecutor’s
Read More
By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock Bitcoin remains around $22,000, as it hovers around a critical region. For the rally to continue, bulls want
Read More
Bitcoin (BTC) finished June 2022 just below $20,000 after a last-minute pump saw bulls escape 40% monthly losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Bitcoin could stay "boring" for monthsData from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking higher into the monthly close, which came in at $19,924 on
Read More
On-chain data shows the Bitcoin coinbase premium gap has improved recently and is now approaching a neutral value, suggesting the selling pressure may be drying up. Bitcoin Coinbase Premium Gap Close To Zero, But Still Negative As pointed out by an analyst in a CryptoQuant post, the selling pressure from US investors
Read More
Popular messaging platform Telegram has announced it is launching a new premium tier of its services as it seeks to monetize a part of its userbase. Reaching more than 700 million active users monthly, the new tier answers to the need of these users for more bandwidth and storage capacity,
Read More
The largest Bitcoin investment vehicle, the Grayscale Bitcoin Trust (GBTC), is now trading at its biggest ever discount to the spot market.Data from on-chain analytics resource Coinglass shows GBTC shares down 34% versus Bitcoin (BTC)/USD on major exchanges as of June 17.GBTC suffers in market downturnAmid continued turmoil in decentralized
Read More
The latest moves in crypto markets in context for April 28, 2022. Source
Read More
Things are looking up for the United States’ largest institutional Bitcoin (BTC) product by asset holdings as pressure mounts on regulators.Data from on-chain monitoring resource Coinglass confirms that as of April 21, the Grayscale Bitcoin Trust (GBTC) is rebounding toward 2022 highs.Grayscale CEO: "'If' not 'when'" for U.S. Bitcoin spot
Read More
You’ve probably already heard of the nonfungible tokens (NFTs) craze as these colorful, almost cartoon-like pictures. And, when you think of the Metaverse, you already see a bright and virtual world viewed from your avatar. With NFTs, most people think of Bored Ape Yacht Club or the famous CryptoPunks. But, what
Read More