Weekly Crypto Price Analysis: BTC, ETH, BNB, XRP, DOGE, and SOL

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• Bitcoin gains popularity in Japan as Yen’s volatility escalates

  TL;DR Breakdown Kaiko data shows the share of bitcoin trade volume on Japanese exchanges rose from 69% to 80% in Q1 2023. Historical data shows that citizens of nations plagued by inflation have embraced digital assets, and Japanese traders have joined the bandwagon. Trading activity on Japan-focused exchanges has increased faster than in Korean markets and the Coinbase exchange listed on the Nasdaq. The global 4-decade inflation rate is pushing investors to digital assets and natural resources. Description Bitcoin has found a new home in Japan. Since the Federal Reserve (Fed) began its aggressive interest rate hike campaign in March 2022, the Japanese yen has significantly depreciated. The Japanese Yen has experienced some of the most severe swings in exchange rates in history. The volatility has traders on Japan-focused digital asset exchanges turning … Read more Bitcoin has found a new home in Japan. Since the Federal Reserve (Fed) began its aggressive interest rate hike campaign in March 2022, the Japanese yen has significantly depreciated. The Japanese Yen has experienced some of the most severe swings in exchange rates in…

  Article 2023年7月21日

• Latin American currencies over the week: Brazil’s inflation increases less than expected

  TL;DR Breakdown In Brazil, the real saw a 0.1% increase against the dollar as inflation came in lower than expected as Latin American currencies fell. Despite Brazil’s significant economic growth in the first half of the year, tax revenue has sharply declined. The UAE and Brazil have formed a partnership to exchange knowledge and expertise in economics through the UAE’s government experience exchange program. Description In Brazil, the real saw a 0.1% increase against the dollar as inflation came in lower than expected in August. Meanwhile, Latin American currencies experienced a decline to a three-week low this week in a volatile trading session, primarily influenced by losses in the Mexican peso. Simultaneously, the dollar maintained its six-month peak, influenced by … Read more In Brazil, the real saw a 0.1% increase against the dollar as inflation came in lower than expected in August. Meanwhile, Latin American currencies experienced a decline to a three-week low this week in a volatile trading session, primarily influenced by losses in the Mexican peso. Simultaneously, the dollar maintained its six-month peak, influenced by concerns about…

  Article 2023年9月9日

• U.S. banks are calling social media a nightmare – Why?

  TL;DR Breakdown The collapse of Silicon Valley Bank (SVB) due to social media rumors has prompted U.S. banks to reassess the risks associated with social media. Banks are integrating social media into their risk management plans, focusing on immediate responses to customer complaints and countering online misinformation. In the digital age, American banks are grappling with a fresh menace – social media. A Twitter-fueled bank run that led to the demise of Silicon Valley Bank (SVB) two months ago has sent tremors through the industry, pushing banking executives to devise robust strategies against similar cyber threats. Contents hide 1 Turning point: Silicon Valley Bank 2 Adapting to a new risk environment 3 Community engagement: A buffer against misinformation 4 Regulatory scrutiny and the way forward Turning point: Silicon Valley Bank SVB’s collapse has been a turning point for U.S. financial institutions, showcasing how a ripple of online concern can morph into a tsunami of fear, affecting deposit withdrawals and stock market stability. The unprecedented incident saw depositors yanking out $1 million per second from SVB, leading to its downfall within…

  Article 2023年5月19日

• U.S. blocks China from getting any of the $52b chip funds raised

  TL;DR Breakdown The U.S. Commerce Department releases final rules to restrict semiconductor manufacturing subsidies from benefiting countries like China and Russia. $52.7 billion chip fund established under the “Chips and Science” law is the focus of these rules. Regulations aim to prevent U.S. fund recipients from investing in chip manufacturing or joint ventures in nations of concern. Description The rivalry between superpowers is nothing new, and the arena of this competition has once again shifted to technology. With silicon chips driving the next industrial revolution, the U.S. has made a clear statement: China and other nations of concern won’t get their hands on any part of the whopping $52.7 billion chip fund raised … Read more The rivalry between superpowers is nothing new, and the arena of this competition has once again shifted to technology. With silicon chips driving the next industrial revolution, the U.S. has made a clear statement: China and other nations of concern won’t get their hands on any part of the whopping $52.7 billion chip fund raised under the landmark “Chips and Science” law. Bit greedy,…

  Article 2023年9月23日

• Uncertainty grips China’s digital economy as Trust Reserve’s core team disappears

  TL;DR Breakdown The Trust Reserve’s core team, formerly the CNHC Group, has suddenly disappeared. The Trust Reserve headquarters in Shanghai have been subjected to a judicial seizure. Trust Reserve had secured $10 million in a Series A+ funding round earlier this year. The skyline of China’s booming digital economy is currently shrouded in uncertainty as reports have emerged about the sudden disappearance of the Trust Reserve’s core team, formerly the CNHC Group. A prominent name in the blockchain realm, Trust Reserve is best known for issuing two major stablecoins, one backed by the Chinese Yuan (CNY) and the other backed by the Hong Kong Dollar (HKD). On May 29, the team vanished abruptly from the radar, sparking concern and raising eyebrows across the crypto community. According to a recent article by PANews, a few relatives of the missing team members have been informed about this unexpected development. When PANews reporters took the initiative to visit Trust Reserve’s headquarters in Shanghai, they were greeted by a stark notice declaring a “judicial seizure.” The implications of this finding have sent ripples through…

  Article 2023年6月4日