[Monitor] Korean cryptocurrency exchange tops world in trade volume: [Monitor] Korean cryptocurrency exchange tops world in trade volume.
Among cryptocurrency exchanges around the world, the one with the largest volume of transactions is based in South Korea, showed data from tallying website CoinMarketCap.
As of 10:40 a.m. Thursday, the transaction volume for 24 hours at Upbit based in South Korea reached $7.577 billion, far ahead of Hong Kong’s Binance, which ranked second.
Except for the No. 1 and No. 3 spots, most exchanges with large transactions were located in Hong Kong and China.
Although Upbit topped the world market in terms of trade volume, its size of bitcoin transactions fell to third place at $827.8 million, trailing Bitfinance at $1.482 billion and Okex at $935.1 million.
This means that traders in Korea, as there are fewer coins in circulation, tend to invest more on altcoins or alternative coins (cryptocurrencies other than bitcoin) that have higher potential of sudden rises.
A foodstuff seller, Chidi Ibiam, 27, was yesterday sentenced to 21 years imprisonment by an Ikeja High Court for defiling a six-year-old girl. They worship in the same church. The presiding judge, Justice Sedoten Ogunsanya, found the convict who lives at Baruwa, Ipaja area of Lagos, guilty of one-count charge of defilement. The judge held: “I have noted all the relevant facts of this case before me. The defendant is, hereby, found guilty of the crime of defilement and is sentenced to 21 years in prison.” During the trial, the prosecution, led by state counsel, Mr Adebayo Haroun, had told the court that Ibiam committed the offence on December 15, 2012, and was caught after the victim reported the assault to her mother. According to the prosecution, the convict is well known to the victim’s family as he was a neighbour and fellow church member. Testifying before the judge, the six-year-old girl (names withheld), had told the court that the defendant had unlawful carnal kno
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