News with the tag "bank of china"

China’s central bank has instructed key commercial banks to cut U.S. dollar deposit rates, which could push investors toward alternative assets like cryptocurrency. The People’s Bank of China (PBOC) wants to discourage investors from hoarding the dollar to boost confidence in its currency as capital...

The deputy governor of the China Central Bank – People’s Bank of China, Lu Lei, recently highlighted in his book two influential figures in monetary economics deserving profound respect: the late Robert Mundell and the enigmatic Satoshi Nakamoto. Mundell, despite his pioneering work on single curren...

No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now.

In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP’s researchers, the market response has been muted in tradefi, but risk assets and digital currencies like ...

Bitcoin price shed close to $1,000 during the last hour alone, even though sticking above the $64,000 price mark so the correction in the cryptocurrency market is probably just short-term. It was a relatively big drop before the most awaited speech of the US Federal Reserve Chairman Jerome Powell at...

Inflows into the spot Bitcoin ETF have skyrocketed once again with the Bitcoin price crossing more than $65,000 for the first time in nearly two months. The global rate cuts have provided a strong catalyst as BTC prepares for the best September on record with 10% monthly gains. Also, the current dev...

According to QCP Capital’s latest analysis, macroeconomic conditions are becoming increasingly favorable for risk assets, including cryptocurrencies. Central bank policies, particularly from China and the U.S. are playing a crucial role in shaping market sentiment. QCP Capital: Central Bank Moves Bo...

Chinese investors are seeking shelter in Bitcoin and other cryptocurrencies as the country’s economy struggles. This is evident in the inflows that the country’s over-the-counter (OTC) crypto brokers are witnessing, according to a report by Chainanalysis. The Bank of China recently announced a stimu...

Bitcoin price is consolidating near $64K as bulls and bears fight near the inflection point, with fundamental and technical analysis setting the stage for a rally to $100K. In a major news impacting Bitcoin, China’s central bank announced broad monetary stimulus measures and rate cuts to boost the e...

Bitcoin rallied strongly after the previous two stimulus package announcements by the People's Bank of China.