Chinese FX Outflows Soar, Priming The Next Bitcoin Surge
by Zero Hedge
Zero Hedge— Chinese FX Outflows Soar, Priming The Next Bitcoin Surge Last October, when we pointed out that China's FX outflows had just hit a whopping $75BN - the single biggest monthly outflow since the 2015 currency devaluation - we concluded that the "unfavorable interest rate spread between China and the US will "likely imply persistent depreciation and outflow pressures in coming months", or in other words, September's biggest FX outflow in years is just the beginning, and very soon - in...
Bitcoin News—Bitwise: Bitcoin Will Have 'a Great Next 12 Months' – Markets and Prices Bitcoin News. Bitwise Asset Management expects bitcoin to have a great next 12 months. A Bitwise researcher has explained that the cryptocurrency will likely continue to test its “higher highs” this year and next. He considers regulatory risk to be the primary concern for bitcoin. ‘I Think We’re Just Getting Started’ Bitwise Asset Management has reaffirmed its […]
NBC News—Surge of Chinese migrants crossing Southern border into the U.S.. The number of migrants from China has soared from under 1,000 a few years ago to more than 37,000 last year. NBC News' David Noriega reports on what's behind the increase and how the U.S. says it's addressing the issue.
Yahoo Finance—Block Stock Soars On Q1 Earnings, Strategic Bitcoin Investment: Details. Block, Inc. (NYSE:SQ) shares rose after the company reported its first-quarter financial results on Thursday. Here's a look at the highlights. Block reported quarterly sales of $5.957 billion, which beat the analyst consensus estimate of $5.821 billion, representing a 19.38% increase over sales of $4.99 billion from last year. The company reported adjusted earnings of 85 cents per share, beating the 72 cents per share consensus estimate. Cash App generated a quarterly gross profit of $1.26...