Bank of Korea Says Crypto Investment Poses ‘Insignificant’ Risk to Local Financial Market

According to South Korean central bank the Bank of Korea (BOK), the outstanding balance of virtual currency accounts in domestic banks totalled $1.79 billion as of Dec. 2017, local news outlet Yonhap reported Friday, July 5.

The BOK’s report considered the $1.79 billion (2 trillion won) figure to be relatively low, as it is equivalent to around 8 percent of the total deposits operated by the country’s brokerage houses -–– reportedly worth 26 trillion won ($23.27 billion).
Read whole article...

Reacties

Een reactie posten

Populaire posts van deze blog

Bank Freeze Forces Korean Crypto Exchange Bithumb to Disable New Accounts: Report

Afbeelding
South Korean crypto exchange giant Bithumb has suspended the issuance of new KYC bank-linked virtual accounts after failure to renew and establish a contract with a bank, as mandated by new guidelines this year. Starting today, August 1, Bithumb – one of Korea’s ‘big four’ exchanges – is no longer issuing new virtual accounts to customers due to the lack of a banking partner, according to a report by Business Korea. The freeze will not impact customers who already have virtual accounts at the exchange, used for deposits and withdrawals through linked bank accounts. Read whole article...
Meer lezen

BTC update 31st July

Afbeelding
BTC now trading around 7710. As you know fibonacci retracement happens a lot in the world of bitcoin. The magic number we are looking is 0.618 (61.8%). If we look at the first retracement in the image you will see that the lowest point compared to the highest point is the total fib range. At the end of the retracement you see we are at 61.8% and had a run up. If we look at the seccond fib retracement we see the same thing. Currently we are at the 0.618 (61.8%) level again so we should expect a run up. To determine how much of a run it will be, we can take the whole fib range (0 to 1) and this would determine how high the run could be seen from the 0.618 fib level. In this case we could see a run towards 8950. I know this is a bit confusing if you don't do technical analysis etc. but maybe we can learn something together. We also want to let you guys know we don't grab some random numbers and hope these are the correct ones ;) Conclusion : fibonacci at support level 0.618 and w...
Meer lezen

We are back!

Afbeelding
Oke we are back! you guys must be thinking "where did they go, no signals?, are they gone?" No we are not and we would like to apologize for the absence! There where a couple of issues, first of all google play looking in to mining and crypto apps so we had to deal with that first. Don't worry we are not mining of you guys!!. second we had some family issues and as you all can understand, family comes first. The signals will increase over time as we have more and more time now and have more options to work on the app again. We hope you all understand the situation and we will keep you posted as we recover from these hectic times. Again very sorry for not being there for you guys!!
Meer lezen