In significant news coming out of China, China’s central bank – the People’s Bank of China – has revealed that it carried out on-site checks on major Chinese bitcoin exchanges in Beijing and ... Read More
Further, the bitcoin executive also sees regulation to occur in a further 2-3 years in China, as opposed to any impending moves by authorities to do so.
In an emailed statement to CCN, Chinese exch... Read More
It is not clear what measures BTCC was asked to undertake, but China has recently instituted strict capital controls to prevent capital flight due to yuan’s continued decline. There were speculations ... Read More
On the other hand, market analysts are betting on a decline of yuan this year to 7.15 from the current 6.8125, according to Bloomberg, as the Chinese economy is expected to slow down with a state appr... Read More
Central Bank Digital Currency Brings Wider Access: Bank of Japan
A blockchain-based central bank digital currency issued to the public would allow wider and unrestricted access to payment and settlement systems, the deputy governor of the Bank of Japan said earlier
Levine on Wall Street: Bank Troubles and Oil Worries
JPMorgan had earnings.
It's a miss, $1.19 per share versus $1.31 estimates, with fixed-income revenue down in part because of the sale of the commodities unit, and in part because, you know, tradin
Levine on Wall Street: Capital Raises and Stress Tests
Deutsche Bank is raising some money.
Yesterday it announced that it's raising about 8 billion euros of common equity capital, mostly from an underwritten rights offering but also 1.75 billion euros
Cool Derivatives and Bank Consultants
I used to sell equity derivatives, and the way you sell equity derivatives is by telling scary stories about the future. Are you worried that the crisis in Ruritania will wreak havoc on your