Bitcoin May Surge as Chinese Yuan Gets Fixed to Lowest Price in a Decade
Unlike Bitcoin and other free markets, the Chinese yuan market is fixed and somewhat controlled by the country’s central bank. As Wikipedia describes: “Since 2006, the...
Bitcoin Bull Case Swells as White House Mulls China Sanctions Over Hong Kong
One of the biggest narratives in the Bitcoin market in 2019 was, tensions between China and the U.S. were pushing the cryptocurrency higher. As tensions between the two global...
Growth Addicted Asian Nations Hand Out Free Cash as Economies Crash
Nations across Asia are scrambling to prop up their deteriorating economies as the Coronavirus continues to spread. Some are so obsessed with growth that they are handing out free cash...
HSBC Closes ATMs in Hong Kong, Bitcoin Fixes This
International banking giant, HSBC, has decided to lock down 19 ATM clusters in Hong Kong due to vandalism from protestors. Bitcoin is just one example of an alternative financial...
Hong Kong Institute of Bankers Adds 6 Virtual Banks
In another example of the growing appeal of virtual banking in Hong Kong, six licensed virtual banks in the city have joined the Hong Kong Institute of Bankers (HKIB). Virtual Banks...
Crypto Exchange Regulations are Coming to Hong Kong
Financial regulators in Hong Kong will introduce clear cut rules to govern the operations of cryptocurrency exchanges. Meanwhile, reports show that fund managers continue to struggle...
A Look at Bitcoin P2P Trading in Politically Tense Countries
Bitcoin (BTC) still keeps up the pace when it comes to P2P markets worldwide. The usage of those markets circumvents exchanges, and allows small-scale exchanges with less formality...
Hong Kong Free Press Will Now Accept Bitcoin Donations via BTCPay
Last month it was reported that BitPay refused to accept bitcoin payments as donations for the Hong Kong Free Press (HKFP). The platform received a lot of flak at the time and the...
The Ugly Side of Traditional Banking
Last week the world saw the ugly part of traditional banking, with Turkey suddenly freezing millions of accounts and Hong Kong ATMs being out of cash. Incidents like these encourage...
Hong Kong Regulators Issue Crypto Guidance as ATMs Run Dry
The weekend saw fresh violence erupting on the streets of Hong Kong as protesters increased their presence and the police amplified their responses. It seems a strange time for...
Hong Kong Bitcoin Trading Breaks ATH Amid China Anniversary Protests
Hong Kong exchanged more fiat currency for Bitcoin than ever before last week, in the run-up to the tumultuous 70th anniversary of the Chinese state. Hong Kong: 7 Days, 173 bitcoins...
Hong Kong Paying a Premium for Bitcoin That Beijing Can’t Stop
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...