The age-old strategy of arbitrage capitalizes on price imbalances between markets — but how does it work in the cryptocurrency world? So, is crypto arbitrage worth the effort? The jury is out on this one. People who have plenty of experience in the marketplace — and know how to identify an opportunity when they see […]
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The chief operating officer at major digital currency exchange BitMEX, Angelina Kwan, has reportedly stepped down from the position. The chief operating officer (COO) at digital currency exchange BitMEX, Angelina Kwan, has reportedly stepped down. A spokesperson familiar with the matter told industry-focused media outlet The Block on Sept. 9 that Kwan stepped down as […]
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Inverse correlation between Bitcoin and Chinese yuan reaches has hit record levels over the past week amid global economic uncertainty. Bitcoin price has seen a record inverse correlation with the Chinese yuan (CNY) this week, according to an analysis from Bloomberg on Sept. 6. This suggests that investors are using the digital currency as a […]
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A top official at China’s central bank has confirmed that the country’s forthcoming digital currency will bear similarities to Facebook’s Libra token. A top official at China’s central bank has confirmed that the country’s forthcoming digital currency will bear similarities to Facebook’s Libra token. The English-language website of the Hong Kong Economic Journal reported the […]
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Bitcoin is poised to benefit from the economic havoc and political implications of a possible no-deal Brexit, analysts argue. With Britain reeling from a parliamentary showdown aimed at thwarting the government’s threat to pull the country out of Europe in a no-deal Brexit, Bitcoin (BTC) is relatively stable as compared with the British pound sterling. […]
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Banking and financial services giant HSBC has completed the first yuan-denominated letter of credit transaction on a blockchain using the Voltron trade finance platform. Banking and financial services giant HSBC has completed the first yuan-denominated letter of credit transaction on a blockchain using the Voltron trade finance platform. As Reuters reported on Sept. 2, HSBC […]
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The FSA expands its workforce to ensure cryptocurrency compliance and Hong Kong residents use Bitcoin to avoid capital controls. In the crypto space in Asia last week, new data concerning Bitcoin (BTC) use in Hong Kong shows that residents are using crypto to hedge against the possibility of capital restraints, while the Japanese Financial Services […]
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Financial analysts say a growing number of retail investors are betting on Bitcoin as a hedge against macroeconomic turbulence and U.S.-China trade war. Financial analysts say a growing number of retail investors are betting on Bitcoin (BTC) as a hedge against macroeconomic turbulence during the protracted United States-China trade war. The London Economic reported the […]
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Investing in gold instead of Bitcoin has left Schiff sour, says a well-known Twitter user, as Bitcoin price plunges 7%. Bitcoin (BTC) has shown it is not a safe haven asset, gold bug Peter Schiff has said after the largest cryptocurrency dropped 7% in daily trading. In a tweet on Aug. 28, Schiff, who has […]
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Bitcoin is getting ready for a large move. At what level does it become a buy? Let’s analyze the charts. In the past few weeks, both Bitcoin and gold have attracted investors who have flocked to safe haven assets due to trade wars and an uncertain geopolitical environment. While traditional investors prefer investing in gold, […]
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