January 23, 2022
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Intervention Currency

China steps up crackdown on bitcoin mining industry

by on June 20, 2021 0

China’s largest bitcoin-producing provinces have stepped up crackdown on cryptocurrency mining in the latest sign of how global authorities are hardening their position in rapidly growing digital asset markets. The country’s bitcoin mining operations, the energy-intensive computer puzzle-solving process that creates new units of virtual currency, have been on the decline since May, when...

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China quietly steps up market interventions

by on June 19, 2021 0

China is resorting to increasingly aggressive measures to contain risks to the financial system, measures that threaten to undermine President Xi Jinping’s commitment to give more freedom to markets. In recent weeks, authorities have ordered state-owned enterprises to reduce their exposure to commodities abroad, forced domestic banks to hold more foreign currency, considered a...

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Are our foreign exchange reserves sufficient?

by on June 18, 2021 0

The growing foreign exchange jackpot has created an abundance problem for the Reserve Bank of India. It attracts unwanted attention, as well as calls for the use of reserves to finance infrastructure spending, capitalize public banks and better management of assets on reserves. The RBI’s latest monthly bulletin attempted to bring the discussion to...

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Rupee under pressure from high crude prices; strong macro, RBI intervention can help stop the slide

by on June 16, 2021 0

The latest inflation figures may have surprised currency watchers, but pundits remain optimistic that the Indian currency will remain proficient against the US dollar. However, the rupee is expected to remain under pressure from rising crude oil prices amid a sharp decline in the US dollar and REIT outflows in June. Experts believe that...

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Project MUNCH: How a Brand New Crypto Donated $ 2.2 Million It’s Month 1 & Why It’s Changing the Charity Game

by on June 13, 2021 0

Miami, the predicted Silicon Valley of crypto, just received a huge herd of digital currency enthusiasts throwing buzzwords like wildfire at Bitcoin’s biggest cryptocurrency conference. The nearly $ 30,000 drop felt from April to May obviously didn’t cool anyone’s mind, even after Elon Musk made a 180-degree turn. With more and more institutional investors...

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CFD Trading Australia Market Outlook 2021

by on June 10, 2021 0

STOCKHOLM, June 10, 2021 / PRNewswire / – Online CFD Trading in Australia has grown similarly to many other online services in 2020, bringing convenience and accessibility to retail merchants. The number of active traders increased by 20% year on year to 710,000 and the trading volume increased by around 100% in the first...

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