Day: August 26, 2022

China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk – Bitcoin News

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China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid the depreciating yuan, China is suffering from a significant real estate crisis as the overextended Chinese housing sector has been collapsing. China’s Yuan Slides to a 2-Year Low Against the US Dollar, PBOC Slashes Rates to Bolster Liquidity The global economy…

Crypto Market Update | Russian Liquidating Portfolio | Cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Cryptocurrency #Crypto #Updates What is happening in market, and what is Russian liquidating their portfolio in Dubai. Article: shorturl.at/bmyV0 Exchanges I Use: MEXC Global – Huobi Global – Binance – Disclaimer – All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one personal’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Also don’t forget to Subscribe to the Channel ▶…

Bitcoin cae por debajo de $21K tras los comentarios de Powell sobre medidas de ajuste monetario

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Bitcoin (BTC) cayó casi 5% en las dos horas posteriores al tan esperado discurso de apertura del presidente de la Reserva Federal de los Estados Unidos (Fed), Jerome Powell, en la conferencia económica del banco central en Jackson Hole, Wyoming, el viernes por la mañana. Los mercados de valores cayeron junto con las criptomonedas, ya que el índice S&P 500 sufrió una baja de 2%. Original

Bitcoin MVRV Ratio Is Back Below 1 As Average Holder Slips Into Loss

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On-chain data shows the Bitcoin MVRV ratio has declined below one recently as the average holder has now slipped back into a state of loss. Bitcoin MVRV Is Now Back In The Historical Bottom Region As pointed out by a post on CryptoQuant, the BTC MVRV ratio has now come down into the region below “one” once again. The “Market Value to Realized Value” (or MVRV in short) ratio is an indicator that’s calculated by dividing the market cap of Bitcoin with its realized cap. The “realized cap” measures the…

Ethereum Could Get Kicked Off Cloud Services Provider Hetzner That Powers 10% of the Crypto Network

It is unclear how long the ban has been in place or whether the firm has ever taken action to enforce it. “We are aware that there are many Ethereum users currently at Hetzner, and we have been internally discussing how we can best address this issue,” Hetzner said in its post. Source CloudCryptoEthereumHetznerkickedNetworkPowersProviderServices CryptoX Portal

Tech Giant Samsung Planning Launch of Its Own Crypto Exchange: Report

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The investment arm of South Korean tech giant Samsung is reportedly looking to launch a crypto exchange platform along with several other prominent securities firms. According to local media outlet Newspim, Samsung Securities attempted to headhunt for individuals who can take charge of a crypto trading platform and develop blockchain smart contracts last year. The investment firm failed to find people to fill in the positions, but is reportedly conducting studies on how to venture into the crypto assets exchange business. The report says that Samsung Securities and six other…

Step aside, Warren Buffett; stablecoin issuers hold more US debt than Berkshire Hathaway

Warren Buffett raised eyebrows this week when his firm, Berkshire Hathaway, upped its exposure to United States Treasury bills. If you’re one of the few remaining bulls out there, Buffett’s flight to safety is concerning because it signals that the Oracle of Omaha would rather get a 3% yield instead of playing the stock market. If equities go belly-up in the fall, as I’ve been predicting for months, expect Bitcoin (BTC) to follow.  Looking at the numbers, Berkshire’s T-bill exposure grew to $75 billion at the end of June, up…