‘$3.2bn’ Kimchi Premium Traders to Stand Trial in South Korea
South Korean prosecutors are continuing to wage war against illegal kimchi premium traders – and will seek to convict 20 people for allegedly conducting $3.2 billion worth of illegal crypto transactions. The kimchi premi...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The kimchi premium is a phenomenon whereby increased trading volumes on South Korean crypto exchanges drive prices above the global average....
Read More: ‘$3.2bn’ Kimchi Premium Traders to Stand Trial in South Korea
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat
Bitcoin Magazine South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat South Korean cryptocurre...
South Korea Pushes 22% Crypto Tax to 2029 in Fourth Delay, Offers Three-Year Loss Carryforward
Bitcoin Magazine South Korea Pushes 22% Crypto Tax to 2029 in Fourth Delay, Offers Three-Year Loss Carryforward South Korea’s gove...
Binance-Controlled Korean Exchange GOPAX Stops Trading, Makes Users Email to Withdraw Crypto
Customers of GOPAX, a Korean exchange whose operator Streami is majority-owned by Binance, can now get crypto out only by emailing...
TRM Labs calls for offensive action against North Korean hackers after $6.36 billion Binance theft
The call for offensive cyber operations against North Korean hackers highlights the need for proactive measures in global cybersec...
Paraguay Bank Crisis Sends USDT to 13% Premium After Ueno Freeze Hits 3M Customers
Key Takeaways: Bybit P2P listing also went about 13% cheaper than Paraguay’s official dollar rate in USDT. The failure of Ueno Ban...
US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed
TL;DR: The US economy added 165,000 payroll jobs in October while unemployment stood at 4.1%, according to the Bureau of Labor Sta...