Sound familiar? September 2017 China Bitcoin ‘ban’ sparked $20K all-time high in 3 months
The latest debacle over China’s anti-crypto stance has a firm historical echo to it — and old hands are more than aware. Go to Source Powered by WPeMatico
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Chinese regulators unite forces to crack down on crypto
The Chinese central bank sets up a “coordination mechanism” with state agencies to continue battling crypto. Go to Source Powered by WPeMatico
Old FUD, new BTC price dip — Weeks-old China crypto ‘ban’ sparks $42K Bitcoin price drop
Old news suddenly gets picked up on social media, sparking an instant crypto price crash. Go to Source Powered by WPeMatico
Crypto adoption is a ‘huge challenge,’ says Chinese central bank exec
PBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins. Go to Source Powered by WPeMatico
Italian Payments Giant Nexi Involved in Digital Euro Project
Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central bank digital currencies (CBDC) and cryptocurrencies during the Money 20/20 fintech conference in Amsterdam. … Read more
Rich Dad Poor Dad Author Calls Evergrande a ‘House of Cards’ While China’s Officials Prep for Firm’s Demise
The world is still focused on the financial downfall of China’s real estate giant Evergrande and according to Chinese authorities have told the private sector to get “ready for the possible storm.” Reports show that even though the People’s Bank of China already provided $18.6 billion in liquidity to ease the brunt, Beijing may not … Read more
Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B BTC options expiry
This week’s price action shows Bitcoin bulls were a bit overzealous about Friday’s $3 billion BTC options expiry. Go to Source Powered by WPeMatico
New decentralized stablecoin in China targets international trade
Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan. Go to Source Powered by WPeMatico
Axie Infinity (AXS) gains over 45%, but ‘death cross’ fears persist
AXS may form a death cross between its 20-day and 50-day exponential moving averages despite the latest rebound. Go to Source Powered by WPeMatico
Too ‘grande’ to fail — Bitcoin price stumbles at $44K as China plans for Evergrande’s implosion
Predictions include a short-term low at $42,000 as overnight progress turns into consolidation. Go to Source Powered by WPeMatico