With crypto trading reportedly reaching feverish proportions in South Korea, internet giant Kakao might be set for an upward share price advance. Quoting comments from analysts Mirae Asset Daewoo — a South Korean brokerage outfit — The Korea Herald has reported that the chat app operator stands to benefit from the ongoing enthusiasm in the Bitcoin (BTC) market. According to Mirae Asset Daewoo analyst Kim Chang-kwon: “Kakao owns about a 23 percent stake directly and indirectly in Upbit’s operator Dunamu. Since Upbit has already surpassed its record-high traffic and trading amount set in the fourth quarter of 2017, we expect …

Over the past 10 years, Bitcoin (BTC) has beaten out all over asset classes by at least a factor of 10. The milestone was noted by Compound Capital Advisors’ CEO and founder, Charlie Bilello, who compiled the performances of the top asset classes using data from YCharts. Responding to the findings, Messari researcher Roberto Talamas highlighted that Bitcoin has produced an average annualized return of 230% — more than 10 times higher than the second-ranked asset class. Asset Class Returns over the Last 10 Years... Data via @ycharts pic.twitter.com/yRvdkIX1BV — Charlie Bilello (@charliebilello) March 13, 2021 The Nasdaq 100 Index …

The volume of transactions in the South Korean digital currency market briefly exceeded the daily average transaction amount of the country’s stock market on Sunday. According to data from CoinMarketCap, the combined 24-hour volume of major South Korean crypto exchanges Upbit, Bithumb, Coinone, and Korbit was more than $14.6 billion on Sunday. On Friday, the same metric was roughly $14.5 billion on the Korea Composite Stock Price Index and $10 billion on the Korean Securities Dealers Automated Quotations. The increase in volume came as the price of Bitcoin (BTC) rose to a new all-time high of more than $61,000 Saturday …

It is no secret that March 12, 2020, marked one of the darkest days in crypto history. This was the day when Bitcoin (BTC) witnessed one of the largest single-day price dips in its decade-long existence, swooping from $8,000 to a staggering low of $3,600, albeit briefly, just for a matter of minutes. To put things into perspective, within a span of just 24 hours, over $1 billion worth of BTC longs were liquidated, causing one of the most intense value drops witnessed by the digital market in its brief history. Another way to look at the crash is that …

Morningstar, a financial information services subsidiary of Japanese financial giant SBI Group, will continue its XRP shareholder benefits program. According to an official announcement Friday, Morningstar has approved year-end shareholder benefits in the form of XRP. The new dividend payout option comes as part of the company’s year-end reward program to thank its shareholders for their continued support in addition to interim shareholder benefits. Under the program, Morningstar will provide XRP rewards of 2,500 Japanese yen ($23) units per 100 shares owned by shareholders as of March 31, 2021. The exact amount of XRP offered to shareholders will be determined …

A fully regulated brokerage with more than 100,000 users globally has introduced a novel way of welcoming new customers to its platform. Quantfury says users who invite their friends to join the platform will receive stock or cryptocurrency as a reward — with a value of anywhere between $10 and $250 — and their friends will receive the same. According to the company, this could deliver some interesting opportunities that a user may not have contemplated before… such as owning Facebook or Google stock, or gaining exposure to Bitcoin or Ethereum. In a move to stand head and shoulders above …

The Bitcoin (BTC) price correction isn’t just hurting individual hodlers — the biggest players are suffering in more ways than one. Data from markets on March 5 revealed that MicroStrategy, which owns over 91,000 BTC, has seen its stock price dive by more than half in just three weeks. MicroStrategy keeps buying BTC On the day that the company confirmed that it had added another 210 BTC to its reserves at a cost of $10 million, MicroStrategy’s stock hit local lows of $628. At its peak in February, MSTR traded at just over $1,300. The volatility is a commentary on …

The price of Bitcoin (BTC) is extending its slump below $49,000 on March 5 as the U.S. dollar index (DXY) reached the highest levels since November 2020. Meanwhile, the prospect of rising rates and a potential stock market top is putting downward pressure on equities and Bitcoin, causing the entire cryptocurrency market to pull back. Rising treasury yields — the biggest threat to Bitcoin? Bitcoin and risk-on assets, in general, have been heavily affected by rising 10-year treasury yield rates in the U.S. As a result, the global macro landscape has worsened. Kyle Davies, the CEO at Three Arrows Capital, …

A former equities CIO of Goldman Sachs drew an strong response on Twitter after suggesting Tesla should sell its Bitcoin and buy back company shares. The price of TSLA shares have fallen 28% from $863.42 to $621.44, since news broke on Feb. 8 that Tesla had made a $1.5 billion BTC acquisition. MicroStrategy’s shares have fared even worse in the short term. The company, which is headed by Bitcoin bull Michael Saylor and just completed its latest acquisition of $15 million in BTC on Mar. 3, is now down 50% from its all-time high of $1,315 from Feb. 9. Tesla’s …

Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the official launch of the Purpose Bitcoin ETF and the fund quickly absorbed more than $333 million in market capitalization in just two days. Now that the long-awaited Bitcoin ETF is here, investors are curious about how it will compete with Grayscale Investments GBTC fund. On Feb. 17, Ark Investment Management founder and CEO Cathie Wood said the likelihood …

The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond. Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key support returned to help the digital asset recover back above $46,500 but generally, analysts are looking for $50,000 to become an established support before expecting bullish continuation. Despite major BTC purchases by MicroStrategy, Tesla and MassMutual, a majority of institutional investors …

Want to buy decentralized finance exposure from your stockbroker? Grayscale may be on the cusp of making it a reality. In a press release today, the issuer of popular exchange-traded products such as Bitcoin (BTC)-backed Grayscale Bitcoin Trust announced a list of new assets under consideration — and over a third, or 8 of 23, come from Ethereum’s DeFi ecosystem. Aave, Compound's COMP, MakerDAO's MKR, Reserve Rights (RSR), SushiSwap's SUSHI, Synthetix Network Token (SNX), Uniswap's UNI and Yearn.finance's YFI joined increasingly popular layer-one chain assets such as Polkadot's DOT, Cosmos' ATOM and Cardano's ADA on the list — a sign …