BTC in Hong Kong is currently trading $175 above its spot price according to other Bitcoin indexes, as political instability is driving demand for a safe haven. Hong Kong Protesters Seek Safety in Bitcoin Bitcoin demand in Hong Kong is starting to s
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Since Bitcoin (BTC) was birthed, it has been viewed as an asset that is not controlled and confined by central banks and the limitations of traditional economies. Moreover, Bitcoin is seen as a perfect store of value, in that it is easy to transfer,
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Right now, thousands of citizens from Hong Kong are protesting certain leaders and opposing a proposed extradition law. Alongside the protests, the country’s political issues are reportedly pushing wealthy Hong Kong residents to move their capital of
Read MoreAsia-based crypto lender BabelBank has announced a record-high number of crypto-collateralized loans issued amid new rebranding efforts. The crypto firm will now be called BabelFinance, a name change which, the company says, signifies its efforts to
Read MoreAsia-based crypto lender BabelBank has announced a record-high number of crypto-collateralized loans issued amid new rebranding efforts. The crypto firm will now be called BabelFinance, a name change which, the company says, signifies its efforts to
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News Bitcoin (BTC) vastly outperformed traditional wealth preservation assets during the United States-China trade war, American digital asset manager Grayscale confirmed in research published on June 11.Updating “Hedging Global Liquidity Risk wit
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Analysis Last week, Russian officials revealed plans to build a major financial center on an island in the Far East, which would cater to cryptocurrencies, among other things.Notably, the creation of special economic zones for crypto has been an e
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On June 12, the cryptocurrency exchange Coinex announced the listing of a new Simple Ledger Protocol (SLP) token called honestcoin (USDH). The Honestcoin.io website details that the new token is a fully regulated stablecoin issued on the Bitcoin Cash
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News Police in China have reportedly gathered evidence of people laying cables via fish ponds to steal oil well power to fuel their bitcoin (BTC) mining. The news was reported by daily Chinese tabloid The Global Times on June 13.The Global Times i
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News Fuzhou, China is offering rent subsidies to blockchain businesses in a bid to accelerate the industry’s growth, the state-run People’s Daily reported on June 11.The incentive is part of three measures designed to help the sector, and will ena
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