South Korean Lender Jeonbuk Bank to Offer Bitcoin-Backed Loans
Bitcoin Magazine South Korean Lender Jeonbuk Bank to Offer Bitcoin-Backed Loans The South Korean bank has become the first in the country to offer the bitcoin-related service.
Bitcoin cracked below $82,000 Monday evening, setting off another painful reckoning for leveraged crypto traders. Nearly $489 million in positions vanished over 24 hours, with bullish bets accounting for more than 83% of the damage as the broader market stumbled. Bitcoin’s Slide Wipes Out 118,000 Crypto Traders On Monday, Oct.
The rapid liquidation highlights the volatility and risks of leveraged trading, potentially deterring cautious investors and impacting market stability.
October 12, 2026, 11:14 pmBitcoin Magazine Moscow Exchange to Launch Bitcoin Trading, Testing Underway Russia in recent months has paved the way to allow its citizens to trade bitcoin.
October 12, 2026, 10:10 pmBitcoin Magazine South Korean Lender Jeonbuk Bank to Offer Bitcoin-Backed Loans The South Korean bank has become the first in the country to offer the bitcoin-related service.
South Korea just cracked open the door to bitcoin-backed banking, according to local reports. Jeonbuk Bank has executed the country’s first reported traditional bank loan secured by bitcoin, allowing businesses to borrow Korean won without selling their coins or surrendering ownership to the lender.
Strategy’s weekly update paired Bitcoin accumulation with a larger preferred-share buyback, as its common stock approached the $150 area.
Short-term caution is still the play, but in the long term, the bull run has yet to get going properly.
Genesis Digital Assets, once one of Sam Bankman-Fried’s largest crypto investments, is being repurposed for the artificial-intelligence boom after SWI Group took majority control. SWI has now raised about $896 million to expand the former bitcoin miner’s data-center footprint for hyperscale computing customers.
The new equity backs a wider AI platform while SWI pursues its existing plan to reposition Genesis Digital Assets' mining sites.
The Bitcoin treasury firm Strategy (MSTR) has stacked BTC for four weeks in a row, adding $22 million worth of the top crypto asset in the past seven days. Strategy says it accumulated 250 Bitcoin at an average purchase price of $86,194 per BTC, stretching its total holdings to 848,250 BTC.
Bitcoin's resilience amid geopolitical and inflationary pressures highlights its potential as a hedge, yet market volatility persists.
The bullish EMA crossover suggests potential upward momentum for Bitcoin, but macroeconomic factors like ETF flows and inflation remain crucial.