The kimchi premium was said to have been instrumental in a fall in the Bitcoin price yesterday, with suggestions that someone may have found a way to arbitrage the premium. There is an alternative explanation however which lays the blame at the foot of South Korean exchange Upbit who temporarily froze Bitcoin deposits and withdrawals. But just what is the kimchi premium and what impact does it have on the markets?
In this episode, Mark and Alex have an exciting update from META 1 and dig a little deeper into the history of the project’s founder, Mr Robert Dunlap.
Our Full META 1 Expose - https://fullycrypto.com/is-meta-1-coi...
Editing by Andy Crane
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When Bitcoin dropped to $3,850 in March, the idea of a $100,000 price tag was as far away as the moon itself. Nine months later however, with institutions pouring in billions of dollars and a new market cycle just beginning, the landscape is very different, and a six figure Bitcoin is no longer a pipe dream but something of an expectation.
Read the full article at FullyCrypto: https://fullycrypto.com/100000-bitcoin-has-gone-from-dream-to-expectation
Uniswap, a superior decentralized exchange (DEX) and an essential part of decentralized finance (DeFi), has licensed its third iteration. This upgrade is introduced at a time when competition among projects to improve liquidity has surged.
Read the full article at FullyCrypto: https://fullycrypto.com/uniswap-v3-will-soon-launch-on-ethereum-and-optimism
Tether has stood firm against blackmailers who attempted to ransom them for ₿500 in return for releasing documents the blackmailers claimed would “harm the bitcoin ecosystem”. Tether announced on Sunday that it had seen what purported to be internal documents circulating online, but denounced these as forgeries, calling the demand “a pretty sad attempt at a shakedown”. The news comes just days after the company drew a line under its legal troubles with the Office of the Attorney General of New York (OAG), when it was presumably looking to enjoy a quiet spell out of the headlines.
Read the full article at FullyCrypto: https://fullycrypto.com/tether-stands-firm-against-blackmailers
Bitcoin pulled up $221 short of its all time high yesterday, suggesting that a breakthrough looks imminent following an almost three-year wait. After clearing $19,000 early in the day, Bitcoin pushed up to $19,445, just $221 shy of the Bitstamp all time high of $19,666, but was unable to cross. Holders are now nervously watching the drop that has followed to see whether $19,445 represents the top of this run or whether Bitcoin has enough gas in the tank to try again.
Read the full article at FullyCrypto: https://fullycrypto.com/bitcoin-pulls-up-221-short-of-all-time-high
Ethereum has introduced a new smart contract language for the first time since its development in 2013. Fe, pronounced Fee, takes its name from the chemical element iron in the periodic table, and has been created to allow more choice for developers who might already be familiar with other languages like Rust and Python. The language should be ready for demonstration at the end of this year and will roll out fully in 2021.
Read the full article at FullyCrypto: https://fullycrypto.com/ethereum-introduces-fe-smart-contract-language
The profit on MicroStrategy’s Bitcoin investment rose back above the $1 billion mark over the weekend, just hours after the company announced another $10 million Bitcoin purchase. Their latest purchase came as Bitcoin dipped from $42,000 to $29,000, taking their holding to almost ₿71,000 which they have accumulated in just seven months.
Read the full article at FullyCrypto: https://fullycrypto.com/microstrategy-buys-the-bitcoin-dip-with-10-million-purchase
A California judge has dismissed an attempt by Payward Inc, the owner of cryptocurrency exchange Kraken, to claim compensation from a former employee who revealed the exchange’s address and accessed a company computer system after his employment had been terminated. Nathan Runyon was sued by Payward in March, three months after filing his own suit against them for wrongful dismissal, but the judge dismissed the company’s case, ruling that revealing the physical address of the company resulted in no loss, either financially or through advantage to competitors.
Read the full article at FullyCrypto: https://fullycrypto.com/payward-loses-case-against-former-kraken-employee