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‘Kimchi Premium’ Goes Negative as Bitcoin Hits Record High, Suggesting Tepid South Korean Interest

SEOUL, Nov. 13 (Korea Bizwire) – As Bitcoin reaches unprecedented heights globally, an unusual phenomenon has emerged in South Korea: domestic trading prices have fallen below international rates, marking a rare reversal of the nation’s traditionally higher cryptocurrency valuations. According to data from CryptoQuant, a cryptocurrency analytics firm, the Bitcoin Kimchi Premium Index registered at -0.88% [...]

E-Mart24 Bitcoin Lunchbox Sells Out Amid Crypto Frenzy in South Korea

SEOUL, May 20 (Korea Bizwire) – E-Mart24, a leading convenience store chain in South Korea, announced on May 19 that all 30,000 units of its highly anticipated Bitcoin Lunchboxes, launched as part of a promotion in collaboration with the cryptocurrency exchange Bithumb on May 8, had sold out amid overwhelming customer demand. Priced at 5,500 won, [...]

Regulator to Introduce New Rules to Protect Virtual Asset Users

SEOUL, Mar. 27 (Korea Bizwire) — The financial regulator announced plans Wednesday to introduce new rules on the investigation and punishment of illegal transactions involving virtual assets. The new rules will be implemented in tandem with the new Virtual Asset Users Protection Act, set to be enacted July 19, according to the Financial Services Commission [...]

Person Misappropriating ‘Wrongly-Sent’ Bitcoins Ruled Not Guilty

SEOUL, June 20 (Korea Bizwire) — A person ruled guilty of misappropriation for ‘keeping’ bitcoins that were inadvertently sent to him has been found not guilty on appeal and remanded trial. Suwon High Court recently ruled that the 32-year-old man charged with breach of trust was not guilty. In June 2018, 199.999 bitcoins, worth 1.48 billion won [...]

SourceLess Joins Bitcoin Bucharest 2022 Conference

BUCHAREST, Romania, June 6 (Korea Bizwire) — SourceLess project began in the city of Constanta, in the south east part of Romania, and we wanted to have our first event in Romania where people could learn about who we are. The Bitcoin Bucharest event took place in a historic location. The location for the event [...]

Qommodity Will Present Their New EcoSystem at Bitcoin Bucharest 2022

BUCHAREST, Romania, May 26 (Korea Bizwire) – Bitcoin Bucharest 2022 takes place on May 30 and 31 at The Marmorosch Bucharest, Autograph Collection Hotel, being the first event of its kind in the Romanian capital that aims to bring together cryptocurrency, blockchain, web 3.0, metaverse and NFT enthusiasts. With a revolutionary approach to virtual currency, natural resources [...]

CryptoWorldCon, the Event That Kicks Off Miami’s Bitcoin Month

MIAMI, Feb. 17 (Korea Bizwire) — Only 40 days away, CryptoWorldCon (CWC), the event of blockchain technology and cryptocurrencies focused on cutting-edge schemes and trends in the blockchain market, will kick off Miami´s BitCoin Month on April 1 & 2, 2022, at one of Miami’s most prominent and renowned venues, the James L. Knight Center. This [...]

Digihost’s October Bitcoin Production Value Increases 1,486% over October 2020 and Up 56% from September

TORONTO, Nov. 15 (Korea Bizwire) — Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; Nasdaq: DGHI), an innovative North American based Bitcoin self-mining company, is pleased to provide an unaudited Bitcoin (“BTC”) production update for the month ended October 31, 2021. All amounts are expressed in USD unless otherwise indicated. The Company is also [...]

Tougher Regulations Cast Shadow over Crypto Markets in S. Korea

SEOUL, Aug. 20 (Korea Bizwire) — Ko Kwang-nam invested 5 million won (US$4,251) in cryptocurrencies but lost about half of his holdings as the nation’s cryptocurrency markets showed signs of cooling down ahead of tougher regulations. As things stand, Ko, a 30-something office worker in Seoul, is likely to lose most of holdings because he [...]

Cryptocurrency Exchanges Sustain Heavy Losses Despite Overall Growth of Fintech Industry

SEOUL, Aug. 13 (Korea Bizwire) — Despite the overall growth of South Korea’s fintech industry, including the market for wire transfers and payments, cryptocurrency exchanges have seen drastic cuts in revenue and operating profits. CEO Score, a business analysis agency, studied the performance of 186 fintech firms based on public reports from the last three [...]