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World : Bitcoin Price Rises Over Seven Pct To US$70,000

MOSCOW, Aug 20 (Bernama-Sputnik/RIA Novosti) -- Bitcoin, the most popular cryptocurrency, rose 7.32 per cent on Wednesday to US$70,000, according to trading data, reported Sputnik/RIA Novosti.

We haven't written up this one. Bernama has the full story — the link below goes straight to it.

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Dollar Deposits Surge $6.3 Billion as Won Strengthens Into High 1,300s

Dollar deposits at South Korea’s five major commercial banks have surged as the won strengthened into the high 1,300s per dollar, with households and companies increasing dollar holdings amid…

  • Korean households and businesses added $6.3 billion in dollar deposits.
  • Won strengthened to near 1,300 per dollar by August 19.
  • Exporters' dollar sales and lower U.S. inflation contributed to currency rise.

Global Long-Term Yield Surge Sends KOSPI on a Wild Ride

Surging long-term government bond yields in major economies have put pressure on South Korean stocks, with the KOSPI swinging sharply from a steep selloff to a strong rebound within a day. Rising U.S.

  • U.S. 30-year Treasury yield peaked at 5.337% on August 19
  • South Korean long-term yields peaked at 4.787% on August 18
  • KOSPI rebounded 6.34% on August 20 after buy-sidecar activation

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