2019-9-6 14:03 |
Weakening Chinese yuan leads to higher Bitcoin prices and Asian premium
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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Contrary to what many in the crypto space are discussing, Senior Commodity Strategist for Bloomberg, Mike McGlone, has made the case for Bitcoin being beneficial for the U. S. dollar over China’s digital Yuan.
2021-4-10 00:00 | |
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Last week, U. S President Donald Trump announced additional tariffs for Chinese goods coming into the U. S. This announcement sparked an overnight surge for Bitcoin, giving back the bulls the momentum they much needed.
2019-8-5 18:52 | |
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The Chinese Yuan has crossed ‘7’ for the first time in over a decade causing massive economic unrest on a global scale, causing stock markets and other assets to tumble. It has coincidentally caused the price of Gold, Bitcoin, and other stores of values to surge.
2019-8-6 18:30 | |
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Bitcoin (BTC) is currently trading up 8% at $11,787 on Coinbase on the back of a yuan devaluation that dramatically escalates the US-China trade war. It is difficult not to ponder that a nightmare scenario...
2019-8-5 18:03 | |
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The simmering trade tensions between the US and China have threatened to spark a full-blown currency war after Beijing lets the yuan weekend past the psychologically important point of 7 to the American dollar for the first time in over a decade.
2019-8-5 17:42 | |
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Bitcoin has risen by about $1,000 in the past 24 hours from circa $10,800 to a current $11,800 with it crossing $12,000 on some exchanges. That’s on increased unfiltered trading... The post Bitcoin Jumps on Yuan Dive, Stocks Slump appeared first on Trustnodes.
2019-8-5 15:33 | |
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Bitcoin rose above the $11,800 level on Monday as People’s Bank of China (PBoC) pushed the Chinese Yuan to its decade low. At around 0740 UTC, the BTC/USD instrument established a local high of $11,860, up 6.
2019-8-5 15:00 | |
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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.
2019-8-5 14:00 | |
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The Chinese yuan is losing its value against the US dollar while Bitcoin is surging
2019-8-5 09:11 | |
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Bitcoin has risen by about $1,000 in the past three days to now stand at $10,800 once again. The rise of about 10% looks like a reversal, with bitcoin perhaps... The post Bitcoin Nears $11,000 as Yuan Fall on China Tariffs appeared first on Trustnodes.
2019-8-4 17:41 | |
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Fiat Market Cap is an interesting website that tracks Bitcoin’s rise against major fiat currencies. Imagine a future where Bitcoin is the approved global store of value. How much Satoshis (Sats) would you need for an overseas holiday? On the website, fiat currencies are ranked according to their market sizes with Chinese Yuan (CNY) as […]
2019-7-2 22:34 | |
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Grayscale Investments has released their latest research report, highlighting the importance of self-sustaining and uncontrollable money to stop governments from curbing a person’s right to move their own money.
2019-6-18 21:00 | |
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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 […]
2019-6-18 15:03 | |
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By CCN Markets: The price of bitcoin (BTC) on Sunday surged above $9,300 to establish a fresh year-to-date high. The bitcoin-to-dollar exchange rate touched $9,388 at 0600 UTC — its highest since May 30 — on San Francisco-based cryptocurrency exchange Coinbase.
2019-6-17 18:45 | |
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By CCN Markets: Global financial crises are on the rise, thrusting bitcoin into the spotlight. Legendary investor Warren Buffett called bitcoin “rat poison squared,” but it turned out to be nectar, nevertheless.
2019-6-14 23:00 | |
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Bitcoin has risen above $8,000 once again following a big jump around 11AM London time. Bitcoin rose in one big candle from $7,600 to $7,900 to then go on rising...
2019-6-10 16:05 | |
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Since May 13, Chinese Yuan has been trading in a tight range of 6. 90 and 6. 95 which finally broke down and tumbled 0. 5%. The biggest in three weeks to a low of 6. 962 vs the US dollar, the lowest level since November 2018.
2019-6-8 19:59 | |
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By CCN: There’s a reasonable possibility that demand for Bitcoin is being driven from China, according to CryptoSlate’s Ali Martinez. Officially speaking, China doesn’t have crypto trading anymore.
2019-6-8 09:16 | |
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By CCN: Bitcoin price is unlikely to hit the December 2017 highs unless the U. S. -China trade war escalates to new levels, an analyst has told Kitco News. According to DailyFX’s senior currency strategist Christopher Vecchio, bitcoin has lately been inversely correlated with the Chinese yuan.
2019-6-5 18:14 | |
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A correlation between bitcoin and CNY appears to have developed recently with a fall in Yuan’s value coinciding with a bitcoin price rise. We can see here what may be...
2019-6-4 16:35 | |
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The United States and China are still very much at loggerheads and this dispute may not be resolved anytime soon. The trade war between the two economic giants has been noted as one of the many reasons behind Bitcoin’s recent rally because Chinese businessmen may have moved to Bitcoin in the fear that the Yuan […] The post Bitcoin and Other Major Altcoins to Continue Price Surge Unless U.S. China Trade War Ceases appeared first on ZyCrypto.
2019-5-31 22:23 | |
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By CCN: Chinese authorities sentenced a 61-year-old grandmother to four months in jail for stealing electricity while mining bitcoin. Qiuping Tang was also fined 10,000 yuan (about $1,500) for electricity theft.
2019-5-28 20:15 | |
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As we reported the other day, evidence is purportedly mounting that Bitcoin and the Chinese Renminbi (RMB), known as the Yuan, are tied to each other. A report from the South China Morning Post recently noted that.
2019-5-25 07:00 | |
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This article was originally published by 8btc and written by Lylian Teng. Bitcoin ATM services in China have once again proved to be hopeless, after the first Bitcoin OTM (OTC Teller Machine) in Beijing was removed shortly after its installation.
2019-5-21 19:11 | |
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A contributing author and Asian markets analyst on Forbes has pointed out that the non-correlation of cryptocurrency–that digital assets fluctuate to their own market devices–does not tell the full story.
2019-5-21 17:40 | |
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There were have been some suspicions that Bitcoin and the Chinese Yuan are connected to each other in some way, but now, there is some evidence that this might actually be the case. A recent report revealed that just after the President of the USA declared tax changes on imports from China, Bitcoin started an […]
2019-5-20 23:46 | |
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BTC Spiked As The RMB Fell Evidence is purportedly mounting that Bitcoin and the Chinese Renminbi (RMB), known as the Yuan, are tied to each other. A report from the South China Morning Post recently.
2019-5-19 09:30 | |
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One of the more popular justifications for the current bull market floating around the Internet is the growing hostility between China and the USA. Several experts and industry insiders believe Chinese investors are pulling their money out of the Yuan in anticipation of further depreciation, as reported by Forbes on May 15, 2019.
2019-5-17 01:00 | |
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By CCN: Bitcoin is on a tear as the price of the flagship cryptocurrency has gone supersonic in 2019. It is widely believed that bitcoin’s remarkable rally is a result of booming institutional interest in the cryptocurrency, as investors are looking for alternative asset classes to park their funds at a time when the stock market is in turmoil and the global economy is on edge.
2019-5-17 21:40 | |
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As a trade war between US and China has taken off, the US is raising trade tariffs with Chinese yuan rate going down and people starting to use crypto as a safe haven. Several major... The post Chinese Entering Bitcoin As Safe Haven, Driving Recent BTC Price Surge: Forbes appeared first on Ethereum World News.
2019-5-16 09:10 | |
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This article was originally published by 8btc and written by Lylian Teng. The bitcoin price has broken $8,000 for the first time since July 2018, with most cryptocurrencies trading in the green.
2019-5-15 19:01 | |
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This article was originally published by 8btc and written by Vincent He. Since May 1, 2019, bitcoin’s price has been rising, reaching a top of over $6,000. As the whole cryptocurrency industry was enjoying the rise, an unexpected hack put a stop to the rise of bitcoin.
2019-5-10 18:48 | |
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Coinspeaker Bitcoin Below $1 Million by 2020 is Impossible, It’s Pure Mathematics, Says John McAfeeAccording to John McAfee, Bitcoin will be used for payments and receipts instead of the US dollar, Euro, and Chinese Yuan, and will hit $1M by the year of 2020.
2019-4-17 12:20 | |
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Bitcoin [BTC] recently led a significant bull run which pumped up the price by 15% in valuation. After the hike, the price of USDT was over 7 yuan on over-the-counter platforms, which meant crypto traders based out of China had to pay an additional 3 percent to 5 percent for Tether [USDT] to avoid a […] The post USDT premium was caused by USD inflow and not Tether Inflation, claims Chinese Bitcoin Billionaire appeared first on AMBCrypto.
2019-4-16 04:30 | |
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This article was originally published by 8btc and written by Chloe Jiang. The former director of Bitmain’s mining farm, a leading bitcoin mining operation, once said the wet season may not be as much of a boon for miners as many thought.
2019-4-13 19:07 | |
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This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.
2019-4-11 23:38 | |
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Now that the cryptocurrency market has seemingly bottomed or is near its bottom, an influx of Chinese Yuan (CNY)… The post Chinese Crypto Bulls on the Horizon — Almost $160M Yuan Flowed into the Bitcoin Market in the Last 24 Hours appeared first on Invest In Blockchain.
2019-3-21 20:33 | |
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Chinese Money is flowing into Bitcoin and cryptocurrencies from the profits made by its roaring stock market. Largest Chinese exchanges registered double volume while Chinese Yuan is seeing the highest money flow in cryptos after US dollar in fiat currency.
2019-3-20 17:24 | |
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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.
2019-3-19 07:45 | |
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China is returning to Bitcoin investment despite its ongoing trading ban, data suggests this week as the Bitcoin price holds higher. Yuan No. 2 Entry Fiat Currency Statistics gathered by monitoring resource Coinlib showing capital inflow into bitcoin and other cryptocurrencies puts the Chinese yuan (CNY) in the top entry currencies.
2019-3-18 12:00 | |
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According to a report by local financial news outlet Taiwan Economic Daily, Taiwan’s Financial Supervisory Commission (FSC) has announced that it will establish a new mechanism to raise funds based on security token offerings (STOs).
2019-3-5 21:00 | |
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A Chinese crypto mining pool founder predicted that the next bull run would unleash the market’s full potential, enabling the Bitcoin price to ascend to unfathomable heights before the euphoria cools down.
2019-2-17 03:12 | |
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According to the Zhu Fa, the co-founder of Poolin (a Chinese crypto mining firm), the price of Bitcoin (BTC) could scale up to a staggering 5 million Yuan (USD $738,000 approx) in the coming few years.
2019-2-16 19:12 | |
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Chinese Police arrested a group of cryptocurrency scammers following a raid in Xuchang City. The bust, which took place five months ago, was only publicized this week after a story on CCTV News. During the break-in, police seized cash valued at $1.
2019-2-1 02:07 | |
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A Taiwanese Bitcoin miner identified with the last name Yang was recently arrested and charged by authorities for mining 100 million yuan ($14. 5 million) in cryptocurrencies. He used NT$100 million ($3.
2018-12-28 14:29 | |
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Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($1. 5 billion) fund backed by the government of Hangzhou, the capital of China’s Zhejiang Province. It is known to be developing a new stablecoin, which is now expected to hit the market by February 2019.
2018-12-5 23:15 | |
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The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.
2018-11-5 22:04 | |
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The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.
2018-11-7 22:04 | |
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The Taiwanese Government recently amended their anti-money laundering and Countering Finance Terrorism (AML/CFT) laws concerning cryptocurrency regulations. According to an Asia Times article published on November 5, 2018, these revisions and changes will give Taiwan’s Financial Supervisory Commission (FSC), the ability to crack down on any anonymous cryptocurrency transactions.
2018-11-5 20:00 | |
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The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.
A shift in the digital currency environment may occur due to Russia's latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America.
Recent events in China indicate the country’s paradigm shift concerning digital currency. The digital yuan (e-CNY) is gradually forming a significant part of the Chinese currency through its rapid development.
The 13.61 billion e-CNY represented roughly 0.13% of the 10.47 trillion yuan in circulation at the end of 2022.
Amid the ongoing global CBDCs adoption, China proposes an Asian-wide digital currency to reduce the continent’s economic reliance on the US dollar. USD is unquestionably the most widely used international currency.
PBoC deputy governor Fan Yifei said expanding e-CNY trials to the provinces of Guangdong, Jiangsu, Hebei and Sichuan would happen "at a proper time."
In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as Shanghai.