America is not the only country manipulating its money in order to prop up a flagging economy. Today China unexpectedly injected billions in cash to prevent a fall in interest rates as the economy flounders following months of trading tensions. Savvy investors turned to Bitcoin before, will they do it again? Central Bank Floods Market…
China has no shortage of billionaires and the list is long according to Forbes. A new rich list has emerged and the number of crypto and blockchain executives making it is growing. Market prices aside, it is clear that many are still making billions out of the fledgling industry. Bitmain and Binance Top Crypto Rich…
According to sources close to CNBC, the White House considered blocking US firms from investing in China. Shares of major Chinese companies dived on Friday, as the rumors gained traction. However, shortly after this, the US Treasury waded in to quash the rumors. All the same, with trade talks due to resume on October, 10th,…
With trade talks between the US and China resuming next month all eyes are on the prospect of some kind of a deal. Not all are confident however and one industry executive still favors Bitcoin over any kind of economic recovery based on bilateral cooperation between the two powerhouses. China Won’t Back Down Founder and…
Central banks hoarding gold is thought to be accounting for a lot of the buying pressure sending the price of the precious metal upwards recently. Such a hunger for hard assets may one day see banks stock piling Bitcoin as part of their de-dollarisation efforts. Central banks in both Russia and China have been identified…
Over the past few months, a trade war has been raging between the U.S. and China. Throughout this, Bitcoin (BTC) has managed to post stellar gains, rallying by some 100% since the latest leg of this dispute began. While many believe that this is nothing but a coincidence, data is starting to show that the…
The price of bitcoin has shot up following a series of tweets by Donald Trump which further intensified trade tensions between the US and China. Cryptocurrency analysts said it was the first time bitcoin’s price had reacted in “real-time” to a breaking news story about the trade war. The price spike added to growing evidence that investors are treating…
Bitcoin began an impressive price surge minutes after China announced that it would slap additional tariffs on US goods. Beijing said late Friday that it would increase taxes on $70 billion worth of US imports of between 5 and 10 percent. That progressed its already worsening trade dispute with Washington which last week had announced…
Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with. Sichuan Bitcoin Farms Hit by Floods According to government services, monsoon flooding in China during July and August…
Economists at global investment bank Goldman Sachs believe there to be no end in sight to the ongoing US-China trade war. Although damaging to economic interests in both nations, the lack of resolution may well be bullish for Bitcoin. The cryptocurrency has historically performed well at times of heightened geopolitical tension. This is due to…