Bitcoin Consolidates, Ethereum Gains Bullish Momentum, DOGE Crashes
After a strong rejection near USD 57,500, bitcoin price corrected lower. BTC traded below the USD 56,500 support zone and it is currently (04:30 UTC) trading below USD 56,000. If it fails to stay above USD 55,000, there could be a drop towards…
First Bank Caps Remittances in Bid to Block Kimchi Premium Opportunists
Source: Adobe/Monica
One of South Korea’s biggest commercial banks, Woori, has fallen into line with government efforts to restrict the flow of money overseas in crypto purchases by imposing limits on remittances made to individuals and companies…
Seoul to Target Kimchi Premium Crypto Sellers by Policing Int’l Remittances
Source: Adobe/goytex
The South Korean government is consulting on plans to regulate overseas remittances and banks with ties to crypto exchanges over concerns money is flowing abroad from the country in crypto purchases.
Per Maeil Kyungjae,…
Bitcoin, Ethereum and Altcoins Trim Losses, DOGE Rallying Again
Yesterday, bitcoin price saw a nasty decline of over USD 8,000. BTC even tested the USD 51,500 support before the bulls appeared. It recovered some of its losses and it is currently (04:30 UTC) showing positive signs above the USD 56,500 pivot…
Almost USD 10 Billion Liquidated Amid Sunday Selloff In Crypto Market
Source: iStock/Yevheniia Hordieieva
USD 9.9bn worth of trading positions in the crypto derivatives market were liquidated in the past 24 hours as the crypto market experienced a sharp selloff on Sunday.
More than USD 5bn of them are positions…
Dunamu Nasdaq Listing ‘Could Raise USD 17.9B’ – Analysts
Source: iStock/zodebala
South Korean analysts are continuing to debate the market value of Dunamu, the operator of the South Korean market-leading Upbit crypto exchange – as talk of the company seeking to make a listing bid on an American…
Ukrainian MPs Want to Jail People Who Don’t Disclose Crypto Holdings
Source: Adobe/Serhii
The Ukrainian parliament has voted in favor of a bill that proposes to hit people hiding large crypto holdings with lengthy jail terms.
Per an official document from the Verkhovna Rada, the nation’s parliament, the bill…
Gaming Giant WeMade Wants to Buy Bithumb – Report
Source: Adobe/William
Another South Korean gaming giant has been linked with a possible deal to take over Bithumb, one of the country’s biggest crypto exchanges.
Per a report from Chosun, WeMade, the firm behind the Legend of Mir series, is…
Bitcoin Hashrate Drops After China Coal Mine Explosion; Difficulty at ATH
Source: Adobe/hlxandr
A coal mine explosion in Xinjiang, an autonomous region of China, may have led to a Bitcoin (BTC) hashrate drop at a time when Bitcoin mining difficulty went for a new all-time high.
Primitive Ventures co-founder Dovey…
Ethereum Breaks USD 2,500, DOGE Doubles while Bitcoin Consolidates
Bitcoin price corrected lower from the USD 64,900 zone. BTC broke the USD 63,000 support, but it is holding gains above the USD 62,000 level. It is currently (04:00 UTC) showing positive signs and it might start a fresh rally above USD 64,000.
Besides,…
