South Korea’s crypto market growth fueled by rising Premium Index: Chainalysis

September 18, 2024 Coin Telegraph

The Korea Premium Index drives price surges in South Korea's crypto market, where institutional trading plays a pivotal role.

According to a recent report by Chainalysis, South Korea’s cryptocurrency market is witnessing a spark of growth, primarily driven by the rise in the Korea Premium Index.

The report highlights that local demand, institutional trading, and unique market conditions in the country are causing crypto prices on local exchanges to exceed global averages.

The Korea Premium Index measures the price difference for cryptocurrencies like Bitcoin (BTC), Ether (ETH), and altcoins between South Korean exchanges and global markets.

SEC staff must obtain top-level approval before launching investigations under new leadership

Australian crypto investors ‘sitting on the sidelines’ for clearer laws: Swyftx CEO

September 11, 2024 Coin Telegraph

Australian crypto market

Crypto exchange Swyftx estimates anywhere from two to six million Australians could enter the market if regulated.

Millions of potenial Australian crypto investors are “sitting on the sidelines” until regulations around the market are clearer, says the head of a local crypto exchange.

Jason Titman, the CEO of Swyftx, told Cointelegraph that his firm predicts between two to six million Australians will enter crypto when “the dust has settled on regulation.”

A Swyftx survey found nearly a third of respondents would be more likely to buy crypto if it were regulated, while 41% said they didn’t trust crypto without regulation.

SEC staff must obtain top-level approval before launching investigations under new leadership

Solana has impacted Africa’s crypto market maturity — Exchange exec

July 7, 2024 Coin Telegraph

African OTC crypto

Adopting any technology is based on the strength of its community, and Solana has proven that with its African community.

Oladotun Wilfred Akangbe, the chief marketing officer of Flincap — a platform for African over-the-counter crypto exchanges — has highlighted the cryptocurrency industry’s remarkable growth and maturity, focusing mainly on Solana’s resilience and community efforts in Africa.

Akangbe told Cointelegraph that the crypto industry is steadily maturing, demonstrating its ability to withstand various challenges that would have previously triggered a market downturn.

Despite challenges such as the regulatory issues surrounding Binance and Binance founder, Changpeng Zhao, pleading guilty in November 2023 to violating United States money laundering laws, the industry continues to grow.

crypto market growth