Asian Markets – DIGIT INFO

Asian Markets Cashed out During Recent Gold Rally

DIGIT — Tue, 23 Jul 2024 21:20:02 +0000

Buyers in Asian markets were reluctant to continue purchasing gold as it reached a new record high last week, opting to cash out and wait for deeper discounts. In India, sellers were offering discounts on gold bullion of over $65 per ounce, with local dealers preparing for regulatory changes, while in China, discounted prices reached […]

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AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets

DIGIT — Tue, 11 Apr 2023 13:34:59 +0000

A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company […]

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Tencent to Offer Metaverse-Building Services for Asian Markets

DIGIT — Fri, 24 Feb 2023 06:30:31 +0000

Tencent, the Chinese software and tech company, has announced its metaverse suite of services designed to target Asian markets. The company revealed that it will revamp its media offering with its new “metaverse-in-a-box” proposal, which aims to facilitate the task of building virtual worlds for third-party companies. Tencent to Focus on Offering Metaverse Tools to […]

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Fed’s Minutes Report ‘Bludgeons’ Global Markets — Stocks, Crypto, Precious Metals Slip in Value

DIGIT — Thu, 06 Jan 2022 19:30:21 +0000

Minutes from the U.S. Federal Reserve’s policy meeting on December 14-15 show that the central bank is being persistent about unwinding quantitive easing (QE) tactics and that it views ultra-low interest rates as no longer necessary. Global markets immediately dropped after the news was published as stock markets roiled, crypto markets shed billions, and precious […]

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Deutsche Bank Warns: Ignoring Rising US Inflation Akin to ‘Sitting on a Time Bomb’

DIGIT — Tue, 08 Jun 2021 15:00:52 +0000

Deutsche Bank published a report Monday noting that the United States is facing “the very real specter of consumer-driven inflation.” The bank’s chief economist David Folkerts-Landau and others notably highlight the Federal Reserve’s monetary easing policy and recent tolerance toward higher inflation. Deutsche Report: ‘Transitory Inflation Could Feed Into ’70s Style Stagflation’ The price of […]

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Bitcoin Mules Flood China as OTC Cryptocurrency Trading Flourishes

DIGIT — Wed, 04 Apr 2018 23:00:58 +0000

After the Chinese government banned local bitcoin exchanges from operating in the country some industrious people have begun going abroad to buy the cryptocurrency and reselling it in China for a premium. There are now so many of these ‘bitcoin mules’ that their profit margins are rapidly declining. Also Read: Okex Fights Market Manipulation […]

The post Bitcoin Mules Flood China as OTC Cryptocurrency Trading Flourishes appeared first on Bitcoin News.

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