2019-8-16 23:57 |
Market players told Reuters that US-China trade tensions and a weakening yuan have increased crypto demand among Chinese investors.
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In an interview with Cryptonites, prominent Bitcoin advocate Andreas Antonopoulos spoke about his stance on Bitcoin being a safe haven asset during a financial crisis. With the value of fiat currencies like the British pound and Chinese yuan falling, many speculate that the world is in for yet another financial crunch.
2019-8-13 21:30 | |
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Six years after beginning to research digital technologies, China has finally decided to accelerate the development of a state cryptocurrency
2019-8-10 23:42 | |
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The trade war between the world’s two biggest economies continues to intensify while China’s yuan remains above the important physiological level 7 at 7.6 against the US dollar on Friday. With central banks around the world making rate cuts and a threat of currency crisis looming, Bitcoin is fast becoming a safe haven asset. According […]
2019-8-9 15:48 | |
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American stock markets experienced their worst trading day of the year on Monday after China escalated the ongoing trade war with the U.S. by devaluing the Yuan. As global economic... The post Bitcoin Might Become #1 Hedge During Global Economic Uncertainty appeared first on Trustnodes.
2019-8-9 17:34 | |
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Central banks in Asia-Pacific region— New Zealand, India, and Thailand, announced interest rate cuts in a surprisingly aggressive manner on Wednesday, furthering a global trend of monetary policy easing.
2019-8-8 16:45 | |
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The Dow snuck higher on Thursday as Wall Street reckoned with Beijing’s “controlled depreciation” of the yuan. However, China has unleashed an alarming new threat that risks derailing the US economy.
2019-8-8 16:36 | |
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Well known fund manager of Hayman Capital Management, Kyle Bass, believes that the current run-up in Bitcoin is has been caused by global trade tension, Yuan devaluation, and capital leaving China. In an interview with Yahoo, Kyle emphasized that while capital is leaving China through gold and Bitcoin, the rising market will be cut short byRead MoreRead More.
2019-8-8 19:00 | |
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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.
2019-8-7 14:45 | |
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Despite brighter risk sentiment emerging during pre-market trading after stronger-than-expected yuan stabilization, the Dow Jones succumbed to the crushing weight of the trade war following the opening bell.
2019-8-7 20:18 | |
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Gresham law is driving crypto to replace fiat, is how Clem Chambers, the CEO of private investors website ADVFN defines the current Bitcoin and fiat situation. The ongoing US-China trade war, Chambers explains, means yuan is bad money and BTC the good one.
2019-8-6 20:03 | |
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The price of bitcoin exceeded $12,000, while Chinese yuan fell to an 11-year low. Tom Lee from Fundstrat believes that the US-China trade war will make bitcoin a more popular means of accumulating and maintaining value.
2019-8-6 15:30 | |
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The exchange lost 3 billion yuan during a hack on July 11.
2019-8-6 04:42 | |
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The Dow Jones is getting pummeled again, down 721 points (2. 72%) as a significant global move from risk comes on the back of a fresh escalation in Trump’s trade war with China. Beijing has mounted its most vigorous response yet, weaponizing the yuan and making an official point to avoid US agricultural exports.
2019-8-5 20:29 | |
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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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The Dow Jones suffered another nauseating crash on Monday after China retaliated against President Trump’s tariff threats by escalating the trade war - and perhaps abandoning the negotiations altogether.
2019-8-5 16:41 | |
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Coinspeaker Asian Stock Markets Plunge Along with the Chinese Yuan as U. S. -China War DeterioratesGlobal markets, mostly in Asia, are beginning to feel serious impact from the China-U.
2019-8-5 14:49 | |
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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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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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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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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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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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By CCN: The Dow and broader U. S. stock market crashed on Monday after China announced retaliatory tariffs on another $60 billion worth of American-made goods, escalating a brutal trade war that has taken the global financial system by storm.
2019-5-14 23:05 | |
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Chinese stocks are falling amid botched trade negotiations that have now led to increased chances of more import taxes on potentially all Chinese goods. The Shanghai Composite Index, the main...
2019-5-13 14:16 | |
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I have no doubt that the ongoing trade war’s evolving into the next round of currency wars. . . Q2 hedge fund letters, conference, scoops etc This is a contrarian opinion – especially because yesterday China said they have “no desire” to devalue the Yuan in attempt to boost exports. And this came after U.S. Treasury Secretary – […]
2018-7-25 16:18 | |
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Yuan has fallen some 10% since April when Trump announced tariffs on China with $34 billions worth of goods now to be subject of 25% import taxes beginning tomorrow at... The post Yuan Plunges, Shanghai Stocks Down 25% For the Year, Cryptos Up on the Eve of Trade War appeared first on Trustnodes.
2018-7-5 16:43 | |
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Earlier this week, Switzerland’s Financial Market Supervisory Authority granted a banking and securities dealer license to crypto financial service Sygnum. Now, as the business attempts to become a full-fledged bank in Switzerland, it's looking to obtain a banking license in Singapore.
Bitcoin futures platform Bakkt has announced it will open its Bakkt Warehouse to customers on September 6, allowing them to hold their bitcoin with the firm. With the launch of the warehouse, Bakkt will also begin offering regulated, physically settled bitcoin futures on September 23.
Last Thursday, former Overstock CEO Patrick Byrne announced his resignation as both the head of the online retail giant and a member of its board. With a change in leadership, Jonathan Johnson has taken over as the new CEO, affirming that the company's blockchain-based efforts will continue as planned.
A recent report published by the crypto and blockchain analytics firm TokenInsight suggests that the crypto community's love affair with the initial exchange offering, supposed heir apparent to the initial coin offering, may already be ending after three short months.
Ripple's investment arm, Xpring, recently took part in a $4 million seed round for startup Coil, as well as gifted the fledgling company 1 billion XRP to help build its community.
The Securities and Exchange Commission has delayed its decision regarding three proposed bitcoin ETFs from asset managers Bitwise Asset Management, VanEck/SolidX, and Wilshire Phoenix. All decisions have been pushed to dates in late September and mid-October.