Bitcoin’s Impressive Start to the New Year: A Closer Look at the Market Movements and Uncertainties Ahead.

Why bitcoin is in danger of testing its 2022 low as cryptos slide

Bitcoin has had an impressive start to the new year, climbing more than 26% and surprising those who expected riskier investments to face more challenges following sharp selloffs in 2022. This is the best opening month performance for the token since a 31% rally in 2020, before the pandemic hit. This surge has helped to … Read more

Market Talk – September 29, 2022

Market Talk

ASIA: Singapore is now the seventh most innovative economy in the world, up one spot from its ranking in 2021. The rankings are in accordance with the Global Innovation Index 2022, a report released by the World Intellectual Property Organization (Wipo) and non-profit research firm Portulans Institute on Thursday. The report ranks 132 economies according … Read more

First Mover Americas: Bitcoin Falls to $18.5K, as Bank of England to Buy Bonds to Stem Crisis in UK

Bitcoin crypto

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Price Point After breaking above $20,000 on Tuesday, bitcoin (BTC) has lost ground again and is trading at around $18,500. Still, the world’s largest cryptocurrency is up over the … Read more

Market Talk – September 27, 2022

Market Talk

ASIA:  To stabilize China’s foreign exchange market and support the value of the yuan, the country’s central bank, the People’s Bank of China (PBC), announced that it will raise the foreign exchange (FX) risk ratio for foreign exchange forward trading from 0 to 20 percent, effective Wednesday. It will increase the cost of foreign exchange … Read more

Market Talk – September 26, 2022

Market Talk

ASIA: The Philippines will stop operations of 175 offshore gambling firms and deport about 40,000 Chinese workers, a justice ministry official said on Monday, part of a crackdown on the notoriously opaque online gaming industry. The sector emerged in the Philippines in 2016 and grew exponentially as operators capitalized on the country’s liberal gaming laws … Read more

Market Talk – September 21, 2022

Market Talk

ASIA: Taiwan will never allow China to “meddle” in its future, the government said on Wednesday, after a Chinese government spokesperson said Beijing was willing to make the utmost effort to strive for a peaceful “reunification” with the island. China claims democratically governed Taiwan as its own territory. Taiwan’s government rejects China’s sovereignty claims. China … Read more

Market Talk – September 20, 2022

Market Talk

ASIA: China left its benchmark interest rates unchanged at a one-month peg on Tuesday, as expected, as authorities appeared to delay immediate monetary easing after the local currency fell sharply and central banks tightened policy elsewhere. The one-year prime rate (LPR) was left at 3.65%, while the five-year LPR remained unchanged at 4.30%. The stable … Read more