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Tag: Cryptocurrencies

China Data Fall Short

Stocks & Oil Down as China Data Fall Short

Asian stock markets fell, and oil prices dropped after the release of China’s disappointing economic data exposed how much lockdowns have harmed the world’s second largest economy. China’s April retail sales slid 11.1% on the year. Industrial output fell 2.9% in contrast to analysts’ expectations of an increase. The figures
crypto moves out of china

Crypto Moves Out of China

Brent prices were heading towards $80 a barrel yesterday after OPEC+ countries broke off negotiations with the United Arab Emirates. The disagreements between Saudi Arabia and EAM threaten oil price stability and economic recovery. The personal battle between the two countries has destabilized the OPEC+ meeting talks, because of which

Bitcoin Could be a Legal Tender at Mexico’s Banco Azteca

A new trading week begins today for global markets. After an eventful weekend for the cryptocurrency markets, Bitcoin is hovering around $34,455 at the time of writing. Certain events during the weekend have caused volatility in cryptocurrencies. In particular, the UK’s financial watchdog has banned cryptocurrency exchange Binance Markets from
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Bitcoin Recovers from Dramatic Fall Below $30,000

Bitcoin extended gains during today’s Asian trading session, rebounding from a fall below $30,000. The digital coin is trading at $34,154.70 at the time of writing. During Tuesday’s US trading session, Bitcoin fell 12% and was trading at $28,824 – a level below $30,000 the digital coin hadn’t fallen to
escalates crypto crackdown

Bitcoin Keeps Plunging After China Escalates Crypto Crackdown

The price of Bitcoin and other cryptocurrencies plunged on Monday as China’s central bank gathered officials from the country’s biggest banks and payment processors to recap on a cryptocurrency services ban and to instruct them to adopt a more active role in restraining cryptocurrency trading and activities involving digital assets.
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Cryptos in the Spotlight Again

The finance minister of Norway, Jan Tore Sanner, set himself apart from crypto critics when he suggested that cryptocurrencies will eventually move past their swings in volatility and reach a period of “breakthroughs”. During an interview on Tuesday, he stated: “It is clear that there may be a development over
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Gold vs Crypto: The Debate Goes on as the Tables Turn

Gold has recorded rises this month while cryptocurrencies are rapidly dropping. The divergence in direction has brought to the forefront the debate of whether the two assets are correlated. Gold has reached its highest levels since October and prices have almost touched $1,900 per ounce. The rise can be attributed