China News by Thebittimes.Com

BitMEX founder and crypto industry veteran Arthur Hayes says there’s a massive trade to play as the digital asset market edges higher. In a new interview on the CryptoBanter YouTube Channel, Hayes says that the crypto bull market started in March of 2023 when the Federal Reserve printed trillions of dollars to support the struggling US banking sector. Hayes refers to the move as a “stealth” printing of money that ultimately triggered Bitcoin’s (BTC) move into a new bull market. “Every bull market feels good in the beginning and then it gets overextended and then we fall. We’ve started the bull market. We started in March 2023 when the Fed stealth printed $4 trillion, Bitcoin went from $20,000 to $74,000 and now we have the president and all of his people lined up saying ‘We are going to print as much money as possible to try to undo 30 years of Chinafication of global manufacturing,’ and so that is a massive trade.  ...

Ripple’s XRP is gaining ground in crypto markets. This comes as 61 Japanese banks plan to use its technology for payment platforms. Interesting, right? These developments could push XRP towards $0.64. Let’s dive into the details. Scroll down to see more! Also Read: BRICS: US Faces ‘Dire’ Economic Path as GDP is Set to Plummet How Japanese Banks’ Adoption and Market Trends Could Propel XRP to $0.64 Japanese Banks Embrace Ripple Technology A group of 61 Japanese banks is building a new payment system using Ripple’s technology. Japan’s economy still relies heavily on cash; only 19% of transactions are digital. The new platform aims to change that, so we look forward to more developments. It will fully use XRP by 2025, which could boost XRP’s value. How much, you ask? Let’s explore the coin’s latest market performance. XRP’s Recent Market Performance XRP has shown some signs of strength lately. It fell 12% initially but then bounced back from $0.5557. Thi...

While the crypto markets were typically quiet on Sunday, a number of coins enjoyed strong weekends as the total market cap increased following a dip on Saturday. The total market cap is up nearly 1.5% to $928 billion and investors have still found good value in certain coins. PancakeSwap (CAKE) The native token of the Binance smart chain's biggest decentralized exchange, cake is up 2% in seven days and more than 7% in the last month. CAKE was trending on Monday morning after the project revealed its latest mega burn. Six million tokens were sent to a dead address with an approximate value of $31 million. Cardano (ADA) Long-time favorite Cardano has endured a terrible few weeks of price action despite its ongoing development. Their latest major upgrade - the Vasil hard fork - went live at the beginning of September without issue but it has not sparked any momentum in ADA's price. In fact, the coin is now down 11% in a week and 22% in 30 days and dipped to a 2...

The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows an 8.2% rise in the year through September, and the core index rating saw the fastest yearly increase since 1982. September’s CPI Data Was Worse Than Expected, Report Signals an Aggressive Fed Rate Hike on the Horizon, Global Markets Shudder U.S. inflation numbers for September are in, and the inflation rate , or CPI, is worse than expected. According to the U.S. Bureau of Labor Statistics’ CPI summary published on October 13, the report shows the “Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August.” The Bureau of Labor Statistics’ report adds: Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment. The latest CPI stats also show that the “...

The cryptocurrency markets are taking on the traditional financial sectors which include the stock markets, banks, and commodities, among others. While the United States and Europe are ahead in terms of crypto adoption despite fierce criticism, other countries are catching up. Dubai, the Middle East, and North Africa (MENA) are now the fastest-growing regions in the world adopting the use of cryptos. Middle Eastern countries namely Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Saudi Arabia, Oman, Lebonan, Qatar, and the United Aran Emirates are experiencing a surge in crypto transactions , reveals a report from Chainalysis. Also Read: Did GTA 6 Hacker Receive 2.2 Bitcoin’s to Leak the Game Source Code? On the other hand, North African countries namely Egypt, Libya, Morocco, and Tunisia, recorded a growing number of crypto transactions . The MENA countries combine more than 9% of all crypto transactions that were recorded between Q2 and Q3 of 2022. The combined MENA nations a...