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During trading on Wednesday, the Bitcoin rate was 12 thousand 900 dollars, an increase of 14%. Since December 2018, its price jumped more than 200%. In connection with the increased enthusiasm of investors, caused by plans to launch Facebook's own cryptocurrency called Libra, analysts are reminiscent of a similar situation in 2017, when bitcoin grew by 1400%, and in 2018 its rate fell by 74%. They believe that the collapse of the cryptocurrency market is likely after its rapid growth. The launch of the new Libra digital currency next year was supported by the Visa, MasterCard and PayPal payment systems. Uber and Spotify are also Facebook partners in this project. The head of the Bank of England, Mark Carney, positively assessed this project due to its implementation on a social media platform that covers a huge number of users. He believes that Libra can become an important part of the global financial system, it should be carefully studied by regulators.
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
SensorTower announced on Wednesday that Apple (AAPL) removed more than 2,500 games from the China App Store in the first week of July. The move came after the U.S. tech giant closed a loophole to comply with China’s license requirements. Apple ...
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
KYC Policy