CryptoNews

South Korea's Crypto Surge — Navigating the 'Kimchi Premium' and Massive Trade Volumes

January 5, 2024
Recent data reveals that South Korea’s crypto trading volume has surged in recent months, with two exchanges, Upbit and Bithumb, contributing over 10% to the global trading volume as of Jan. 4, 2024. Additionally, while the global price for bitcoin hovers around $43,356 per unit, in South Korea, it commands a premium, trading at approximately $44,317 per coin. Tracing the Strong Won-to-Crypto…
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CryptoNews

Bitcoin Technical Analysis: BTC 15th Anniversary Celebrations Marred by Market Mayhem

January 4, 2024
In the wake of bitcoin’s 15th anniversary, the cryptocurrency behemoth confronts a challenging market terrain, as its price dipped 6.7% to prices between $42,350 to $42,619 amidst swirling rumors of spot bitcoin exchange-traded fund (ETF) rejections. Bitcoin The past day saw bitcoin’s price range fluctuate between $41,804 and $45,813 with a market capitalization of $832 billion and trading…
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CryptoNews

Mystery Wallet Rockets to Top 10 Bitcoin Holders With 8,888 BTC New Year’s Gain

January 4, 2024
A bitcoin wallet, believed to be linked to Tether, the leading stablecoin issuer, has ascended to become the tenth largest holder of bitcoin. This elevation occurred after an accrual of 8,888 bitcoin from Bitfinex as the year concluded. Presently, the wallet’s holdings total around 66,465.20 bitcoin, with a value nearing $3 billion at existing exchange rates. Bitcoin’s New Whale: Mystery…
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CryptoNews

Orbit Bridge Hack Confirmed, Over $81.5 Million Lost in Cryptocurrency Assets

January 3, 2024
Orbit Bridge, an inter-blockchain bridging protocol, has confirmed that it was recently exploited, losing over $81.5 million in several assets, including USDT, DAI, USDC, WBTC, and ETH. Orbit Chain is trying to communicate with the group responsible for the attack and has asked cryptocurrency exchanges to freeze stolen assets. Orbit Bridge Hacked, Losses Registered for Over $81.5 Million In one…
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