Why Is Warren Buffett Selling Gold?
The luster on gold seems to be fading off. Although the precious metal is still up by more than 27% from a year ago, it is down from last month. ...
Tag: China
Bitcoin’s Hash Power Surged By 42% In Two Days
It seems like a majority of the Chinese miners have completed their yearly migration from Sichuan. Bitcoin’s hash rate exploded by 42% within two days. In the last 24 hours ...
Biden Win Sends Japanese Shares To A 29-Year High
Just when Joe Biden was projected to be the president-elect after a closely battled election against incumbent President Donald Trump, shares surged in the Asia Pacific. The Nikkei reached its ...
Brent Crude Surpasses $40 Lifted By Joe Biden’s Win
On November 9, 2020, oil prices gained over 2% with the Brent futures surging to surpass $40 per barrel. All that happened after Joe Biden cliched the US presidency and ...
Gold Consumption Recovers Majorly In China In Q3 2020
For many years now, gold has acted as a store of value in times of turmoil. The current coronavirus health crisis has pushed the global economy tumbling that has resulted ...
Korea’s Danal And China’s UnionPay To Introduce Crypto-Supporting Digital Card
Major financial services corporation China UnionPay which is an analog to card providers like MasterCard and Visa has reportedly partnered with South Korean payment provider Danal. The two firms aim ...
HSBC Bangladesh Imports 20,000 Tons Of Fuel From Singapore Using Blockchain
HSBC Bangladesh is the first company in the country that has completed a blockchain-powered cross-border trade settled entirely using a letter of credit. The Bangladesh branch of the global banking ...
What is Central Bank Digital Currency?
The total number of nations exploring the concept of central bank digital currency (CBDC) is actively growing. Interestingly, the transformation journey for decentralized finance commenced way back more than a ...
Gold (XAUUSD) Trading Sideways Awaiting Next Price Action
Spot gold is still in a sideways trend as the market strives to recover some of last week’s losses. But, the upside momentum is capped by strong resistance at 1904/08. ...
Oil Rises But Increased Supply And Coronavirus Cases Dampen Outlook
On October 27, 2020, oil prices rose after steep losses were recorded earlier. However, the market sentiment remains silent as increasing cases of COVID-19 throughout the world hurt the near-term ...
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