Cryptonews

Cryptonews


Bitcoin and Ethereum Correct Gains After Nearing New Highs, ETC and NEAR Rally

Posted: 18 Jul 2022 09:31 PM PDT

Bitcoin price settled above the USD 21,500 resistance zone, started a steady increase and was able to spike above the USD 22,800 level before retreating. It is currently (04:08 UTC) trading near USD 21,900 and is still up almost 3% in a day and 10% in a week.
Similarly, most major altcoins are trimming their gains. ETH remained strong and briefly rallied above the USD 1,600 level. XRP is still stuck near the USD 0.35 level, while ADA almost tested the USD 0.50 resistance zone....
Read More: Bitcoin and Ethereum Correct Gains After Nearing New Highs, ETC and NEAR Rally

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South Korean Regulators Close the Net on Opportunistic Kimchi Premium Traders

Posted: 18 Jul 2022 05:00 PM PDT

A South Korean financial regulator is set to go on the warpath in search of kimchi premium traders – and is vowing to bring suspected offenders to justice.
As previously reported, the kimchi premium is a phenomenon in the crypto trading markets whereby bitcoin (BTC) and altcoins trade on domestic exchanges at significantly higher prices than on international trading platforms. This is usually due to spikes in demand among retail investors in South Korea....
Read More: South Korean Regulators Close the Net on Opportunistic Kimchi Premium Traders

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