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How Bitcoin Demand is Driven by Central Banks Devaluing Their Currencies
The demand for bitcoin has certainly been tangible over the past few months. Even with a correction of around 30% the digital asset is still up over 160% this year. That growth could have been spurred by central banks devaluing their own currencies as economic skies darken. дальше »
2019-8-23 17:00
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Tether to Launch Chinese Yuan-Pegged Stablecoin ‘CNHT’
Tether Limited, the creators of Tether (USDT), the largest stablecoin on the market and seventh-largest cryptocurrency in the world by market capitalization, has announced plans to launch CNHT, a stablecoin the highly controversial firm claims will be backed by offshore Chinese yuan, according to reports on August 21, 2019. дальше »
2019-8-21 17:36
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Collapse of Bitcoin(BTC) is inevitable. From what level?
The steady growth of bitcoin and the exhortations of traders make it clear that the Corn is now going according to the Pump & Dump scheme. The only question is, from what level is it ready to collapse? It’s no secret that the institutionals has been doing the weather for several months now. These are […] дальше »
2019-8-9 18:56
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China denies currency manipulation, while Bitcoin (BTC) will grow
The collapse of the renminbi to a record level since the financial crisis of 7 yuan per dollar was “caused by market factors,” the Chinese side said. Prior to this, Trump accused China of currency manipulation in order to help Chinese exporters. дальше »
2019-8-7 14:45
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‘Chinese Buying Up Bitcoin’ Narrative ‘Very Dubious’
The narrative that China is ‘buying up bitcoin’ is very dubious, according to a local investor and Primitive founder, Dovey Wan. However, as a foil to ‘moon BTC‘, she is behind it all the way. дальше »
2019-8-6 15:00
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Bitcoin Price Explodes Past $12,000, 'Clear Skies' to 2019 High
The bitcoin price pierced $12,000 on Tuesday as traders seek refuge from global instability on traditional markets. As global stock markets reel from the escalating trade war between the US and China, Bitcoin has climbed more than 20% in five days, briefly hitting $12,265 on Coinbase. дальше »
2019-8-7 11:42
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Bitcoin Could Hit a New High This Week, Factors And Trends
Weekend trading for Bitcoin has been bullish but things really started to take off during Asian trading this morning. As BTC tapped a twenty four day high, it is now only $2k away from its 2019 peak and reaching it this week is not out of the question. дальше »
2019-8-5 14:00
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Is China Loading Up on Bitcoin as Yuan Gets Crushed?
Bitcoin has had a monumental morning on the Asian trading session. With a 10 percent surge on the day BTC has reached a three week high while in China, the Yuan collapses to a 10-year low against the greenback. дальше »
2019-8-5 14:00
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Hong Kong pushes up Bitcoin (BTC)
The expected correction of Bitcoin after the rapid growth at the weekend did not happen. The reason – the jaw-dropping and unrelenting protests in Hong Kong. Hong Kong is afraid of yuan How can protests in the territory returned to China affect crypto? Hong Kong returned to its “home port” on July 1, 1997, shaking […] дальше »
2019-6-18 15:03
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Russian Banks Join Chinese Swift – Is the Dollar Era Under Threat?
As a Saudi oil minister once remarked, the Stone Age didn’t end because we ran out of stones. It seems it’s neither the deficit of a tool nor its deficiencies that make it obsolete, but rather the invention of new tools that do the job better. дальше »
2019-4-2 13:38
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CNY Inflows Into Crypto Markets Surge After Shanghai Composite Spike
Back in January 2017, China’s financial authorities initiated their first crackdowns against domestic bitcoin exchanges, with a ban on mainland exchanges cryptocurrencies against the yuan coming shortly thereafter. дальше »
2019-3-19 07:45
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Bitcoin Primely Positioned as U.S. Foreign Policy Pushes Rivals to Ditch Dollar
As President Donald Trump presides over geopolitical shape-shifting as the poster boy of separatist politics, the most significant clapback yet may be loss of confidence in the U. S. dollar. The dollar has been politically weaponized in the service of American interests and now other global powerhouses are betting on taking back control of their economies […] The post Bitcoin Primely Positioned as U. дальше »
2019-1-5 02:05
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GMO Internet Set to Launch Yen-Backed Stablecoin “GMO Japanese Yen” in 2019
Japanese IT giant, GMO Internet has made its entry into the stablecoin space, with plans to launch a yen-pegged cryptocurrency in 2019. In an announcement on October 9, 2018, the company said that it would begin full-scale preparation to issue the stablecoin – GMO Japanese Yen (GJY) – as it prepares for a move into the blockchain remittance and settlement. дальше »
2018-10-11 21:00
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Chinese Yuan Weakens to Yearly Low Point, Will it Strengthen Bitcoin?
The national currency of China weakened beyond a critical level as political tensions with the US worsened. The yuan dropped below 6. 93 per dollar this week, within a striking range of its January 2017 low, owing to a series of negative factors from weaker equities to a vaguer monetary stance by the People Bank of China. дальше »
2018-10-9 15:32
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Chinese Traders are Still Investing in Bitcoin by Exploiting Crypto Ban
Although the Chinese government has hailed their crypto ban as successful, it appears that traders have found multiple ways to circumvent the ban despite tightening scrutiny on crypto by state regulators. дальше »
2018-9-10 13:00
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Three Hackers Held in China Over $87 million Crypto Theft
Three suspects have been detained by Chinese police in connection with an alleged cryptocurrency theft. The supposed hackers stole bitcoin and other digital assets worth an estimated $87 million USD. дальше »
2018-8-20 01:40
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Analysts: China’s Cryptocurrency Could Be Bigger Than Bitcoin
Experts believe China is far from uninterested in cryptocurrency despite its overt efforts at bans of one kind or another. In fact, it is widely believed the communist government is contemplating its own version of a state backed cryptocurrency. дальше »
2018-7-31 10:30
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Blockchain Data Collaboration protocol credit status for unbanked
Points (PTS), a blockchain data collaboration protocol for better credit scoring and inclusive finance, has announced $ 8 million in funding from traditional and blockchain venture capital including DHVC, Cherubic Ventures, Ce Yuan, Ontology Foundation, Nest. дальше »
2018-7-21 13:16
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Chinese Round-Up: Bitcoin ‘Unicorn’ ratings, the number of DLT companies will explode
Bitmain is ranked 13th on the list, with Hurun valuing the company to be worth 70 billion yuan ($10. 3 billion USD approximately). Canaan Creative also holds a significant position on the list, sitting at 32nd (tied with 20 other companies) with a valuation of roughly 20. дальше »
2018-7-19 11:45
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China Separates Yuan From Bitcoin
Bitcoin trading in China is under tremendous pressure, as Chinese authorities continue to run the gauntlet into cryptocurrency trading and suspending transactions. The authorities claim the move is aimed at minimising the risks for its people. дальше »
2018-7-10 22:54
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PBoC: Bitcoin Trading in Renminbi Drops Below 1% Global Total
Economy & Regulation Bitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the world’s leading trading platforms. In September, 2017, Beijing authorities дальше »
2018-7-9 00:05
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PBoC: Bitcoin Trading in Chinese Currency Drops Below 1% of World Total
Bitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the world’s leading trading platforms. дальше »
2018-7-9 22:15
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Arrest in China over Mining Hardware Con
Still, good old fashioned methods of separating people from their money have not disappeared. A new example of this comes from China where a man allegedly made about $15 million by just appealing to people’s greed, promising mining hardware at a huge discount, and simply running away with the money. Mr. Zhang, a resident of дальше »
2018-6-26 22:53
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