Skip to main content

South Korea’s Bitcoin Premium Roars Back, Blasting Well Past Global Averages

On Monday, bitcoin drifted between $93,029 and $95,903 per coin, dipping into territory it hasn’t touched since May. While traders braced for the slide, South Korea’s crypto market has kept things spicy with a premium that’s been holding strong since mid-September, peaking at 8.27%. At the moment, BTC is fetching $2,413 more in South Korea […]

from Bitcoin News https://ift.tt/g3VE2cC

Comments

Popular posts from this blog

Ripple Donates $300K to Support Nepal and Tibet Flood Relief

Ripple is donating $300,000 to World Central Kitchen and Mercy Corps following devastating floods in Nepal and Tibet. The funding will support emergency meals, clean-water access, and sanitation efforts in affected communities. Ripple Directs $300K to Emergency Assistance A $300,000 Ripple donation will support emergency food, water, and sanitation assistance after destructive flooding struck Nepal […] from Bitcoin News https://ift.tt/b60CqSG

$13T Asset Manager Charles Schwab Adds 3 Altcoins to Its Crypto Push

There’s been a great deal of institutional interest in crypto assets over the last two years, and on Thursday, the $13 trillion asset manager Charles Schwab announced that it is expanding its digital asset listings beyond bitcoin and ethereum. According to the announcement, solana (SOL), avalanche (AVAX), and chainlink (LINK) accessibility will be added to […] from Bitcoin News https://ift.tt/b1dBkM5

Glassnode and Ark Invest Introduce ‘Cointime Economics’ — A New Model to Measure Bitcoin’s Value

Researchers from Glassnode and Ark Invest have collaborated to develop a new economic model for analyzing Bitcoin’s onchain metrics called “Cointime Economics.” The framework offers an alternative way to measure the economic activity and value of bitcoin based on “coinblocks” rather than the standard accounting method of unspent transaction outputs, or UTXOs. Cointime Economics: A Unique Framework for Analyzing Bitcoin The Cointime Economics white paper explains that coinblocks are the product of the number of bitcoin, or BTC , multiplied by the number of blocks they are held without moving. For instance, ten bitcoins held for ten blocks would equal 100 coinblocks. This method aims to capture the real economic weight and importance of each bitcoin based on the time it remains dormant. The longer a bitcoin is unmoved, the higher its cointime and implied economic significance. Cointime Economics introduces metrics such as coinblocks created, destroyed, and stored to describe Bitcoi...