Tag Archives: yuan

CoinspeakerUSD-backed Stablecoins Are Important to Keep Up with China, Former House Speaker Says USD-pegged stablecoins could help the US maintain an hedge over the rising dominance of the Chinese yuan, said former House Speaker Paul Ryan. USD-backed Stablecoins Are Important to Keep Up with China, Former House Speaker Says

CoinspeakerUS Dollar Remains Steady as China Surprises by Keeping 5-Year Interest Rates Unchanged China keeping the fiver-year loan rates unchanged has put breaks on the five weeks rally in the US Dollar. Investors now wait for the Federal Reserve's Jackson Hole symposium for any further guidance. US Dollar Remains Steady as China Surprises by Keeping 5-Year Interest Rates Unchanged

Die XXIV. Olympischen Winterspiele (chinesisch: 2022年冬季奥林匹克运动会) sollen vom 4. bis zum 20. Februar 2022 in der chinesischen Hauptstadt Peking ausgetragen werden China plant die Einführung eines digitalen Yuan, kurz e-CNY. Die E-Währung soll während der Olympischen Winterspiele im kommenden Jahr finalisiert werden. Die chinesische Regierung hat nun eine weitere Testphase gestartet und gibt e-CNY-Coupons an die Bevölkerung Pekings aus. e-CNY: Weitere...

China’s national currency, the yuan, is slipping in price, and it looks like the currency’s downfall could be good for bitcoin.As the Yuan Heads Down, BTC Moves UpThe currency fell by about 7.16 percent against the U.S. dollar on Tuesday. This is the yuan’s lowest numbers since last September, and the decline is only slated to get worse. In the past, every time the yuan has slipped into red territory, bitcoin has swiftly moved up, meaning that if this trend continues in any way, we could...

Facebook's fiat-pegged 'cryptocurrency', the Libra, may reportedly avoid including China's Yuan among its list of supported state currencies. | Source: ShutterstockThe basket of fiat currencies in the line up to back Facebook's Libra "cryptocurrency" may not include the Chinese Yuan.According to Bloomberg, the likely backers include the US Dollar, the Euro, the British pound, The Japanese Yen, and the Singapore dollar.Facebook offered up this potential list after Virginia Democratic Senator,...