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South Korea Crypto Adoption Will Fuel Crypto Wallets: Will Best Wallet be Next to 10x?

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Asia's weekly TOP10 crypto news (Dec 23 to Jan 5)

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1. South Korea: Over 30% of Population Now Engaged in Cryptocurrency Investments link According to data from the Bank of Korea, as of the end of November, the total number of cryptocurrency investors in South Korea surpassed 15.59 million for the first time, accounting for over 30% of the country’s population. The total asset size reached 102.6 trillion won (approximately $79 billion), with the daily trading volume nearing the total of the domestic stock market. Fueled by expectations of crypto-friendly policies following Donald Trump’s election as U.S. president, Bitcoin prices surged nearly 35% in November, significantly boosting investment activity in South Korea’s crypto market. Among the five major exchanges, the average cryptocurrency holdings per investor reached 6.58 million won (approximately $5,070), with 610,000 new investors added in November alone. Additionally, the volume of deposits not yet invested in the market increased to 8.8 trillion won (approximately $6 billion). ...

BTC Maybe-Uppers, Firms Under-Investigations, Could-be Compensations and 20 Crypto Jokes

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  This week in crypto: Kevin O'Leary, aka Mr. Wonderful, argued that if a US stablecoin bill passed, the bull market would restart, Michael Saylor pitched bitcoin to American investor Ray Dalio, and John Mack suggested that crypto may become a part of the increasingly digitized world of trading. Meanwhile, Bitcoin earned several Guinness World Records titles, 77% of surveyed El Salvador citizens said the country&rsquo ;s bitcoin adoption strategy has ‘ failed&rsquo ;, a Bank of America survey found that Americans aged between 21 and 42 are 7.5 times more likely to hold crypto, Brazil’s eighth largest city is set to allow residents to pay taxes in crypto from next year, and Fidelity decided to enable ETH trading starting October 28.  South Korea could roll out digital IDs as banks push for blockchain driver’s licenses, and Walmart-backed Indian commerce giant Flipkart will allow customers to buy items in the metaverse. As that was happening...