rmb market
HKMA and PBoC Unveil New Measures to Enhance Financial Ties with Mainland China
The Hong Kong Monetary Authority and the People’s Bank of China announce new initiatives to deepen financial cooperation and solidify Hong Kong's role as a global offshore RMB hub.
Oct 16 Trading Analysis: President Xi's Yawnfest...
In October last year, President Xi made a speech on blockchain that pumped Bitcoin over 40%. There was also some additional evidence for some "blockbuster headline" today with Shenzhen offering $10mil RMB worth of digital currencies to its people reported earlier in the week. Hence, the unusual expectations for Xi to announce something related to blockchain or BTC today. Unfortunately, he did not pump our bags. Instead, he was trying to hype Shenzhen as a serious contender to HK. Boring.
Belt and Road Initiative – Hong Kong the Gateway for RMB Internationalization
Many analysts have come to view BRI as a diplomatic offensive with geopolitical motives. However, the initiative is primarily driven by the Middle Kingdom’s pressing need to transform its national economy through further integration with the world.
Over $3 Trillion USD Subscribed, Largest IPO Ant Group Blowout is Ready
On Oct. 30, Ant Group and China's Shanghai Stock Exchange announced that the subscription amount for Ant Group's IPO now exceeds 19.05 trillion RMB ($3 trillion US dollars).
US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth
The US Treasury Department officially designated China as a “currency manipulator” on Monday following the largest stock market losses the U.S has seen in 2019.
Allied Market Research: Blockchain Integration into the Global Retail Market to Garner $11 Billion by 2026
Allied Market Research, a global market research and business firm, has reported that the incorporation of blockchain into the global retail market will garner $11.18 billion by 2026 from $83 million recorded in 2018.
Bitcoin and the Crypto Market Could Go Down Again—Market Recap and Price Analysis
Both the stock and crypto market could go down, the bitcoin price appears ready to drop.
Galaxy Digital CEO Michael Novogratz on Bearish Bitcoin, Libra Hearing and Regulator Angst
Michael Novogratz, CEO, and Chairman of Galaxy Digital recently appeared on CNBC’s “Squawk Box” where he answered questions on Bitcoin’s bearish trend, Zuckerberg’s appearance on Capitol hill and the sentiment driving regulators of the crypto market.
Bitcoin’s Market Capitalization Bigger Than Tesla and Ford Combined
Bitcoin's latest bull run has placed its market cap above that of Tesla and Ford Motors combined as BTC total market cap exceeds $865 Billion.
How Likely Will Bitcoin's Price Decouple from the Stock Market?
In times of economic uncertainty, Bitcoin has strongly correlated with the stock market.
Bitcoin Whales are Controlling the Market
Bitcoin whales are reckoning forces in crypto exchanges. Therefore, their dominance is being felt in the crypto market because of their massive liquidity.
Why Bitcoin Doesn’t Feel Like a Bull Market
Why does everybody still act like bitcoin is in a bear market?