News with the tag "Chinese Yuan"

For cryptocurrency enthusiasts and investors tracking global financial shifts, understanding movements in traditional markets is crucial. Today’s spotlight is on China’s central bank, the People’s Bank of China (PBOC), and its latest fixing of the USD/CNY reference rate . This seemingly minor adjust...

ROAD TOWN, Tortola, British Virgin Islands – 18 October 2024 — Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, announced today the listing of a new trading pair: CNHt/USD. This new pair allows users to trade CNHt, a Tether token linked to the offshore Chinese... The p...

Although Bitcoin (BTC) has slightly corrected its recent gains, which saw it get closer to the $66,000 barrier, its breakout … Continue reading The post Strong Chinese Yuan equals Bitcoin parabolic rally; Here’s why appeared first on Finbold .

Feixiaohao is under police investigation by the Inner Mongolia authorities, with several key executives arrested amid undisclosed compliance issues or business practice disputes. The post Chinese Crypto Market Data Provider Feixiaohao Under Police Investigation appeared first on Cryptonews .

US interest rate cuts could impact the Chinese yuan, potentially causing a 5-10% appreciation against the dollar.

The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored the importa...

Mainland China has repeatedly banned certain activities related to Bitcoin, but it has somehow still remained a major player in activities like Bitcoin mining.

US dollar-pegged stablecoins could alleviate the government’s debt crisis and help the country’s dollar keep up with the Chinese yuan. The need for the U.S to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House speaker Paul D....

The need for the U.S to implement dollar-backed stablecoins “couldn’t be timelier” as China continues to come up with its own solutions, former House speaker Paul D. Ryan stressed.

Paul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed stablecoins, which use U.S. treasuries as backing, wil...