At 4:11 pm Tuesday, the official X account of the SEC announced that regulators had approved a new investment product tracking the price of Bitcoin, an apparent victory for the embattled crypto industry.
risk and buy into the virtual currency. we have more on the craze. i didn t realize how much ahead of the curve they are here in south korea when it comes to bitcoin and other virtual currencies. for a few reasons, it s also beginning to worry the government. take a listen. bitcoin may be a virtual currency, but here in south korea, the kim chi is all too real. this is kim chi, a cabbage. what is the premium? bitcoin is in such high demand, traders say south koreans can pay a 15-25% premium on global prices, just to get a piece of it. seen as gambling in some ways. they try to earn more money by using exchanges. reporter: so, to understand the bitcoin frenzy, south korea is as good a place to start as