Asian Digital Currency Exchanges Unocoin, Coinhako and CHBTC Show Support for Exchange Union
Exchange Union has attracted the attention of key exchanges in China in support of its ‘Universal token’ for cross-platform trading. Exchange Union represents a new focus for Huiyin Blockchain Venture Founder James Wo, who plans to bridge exchanges via a new inter-exchange trading token XUC. Exchange Union will act as an efficient clearing house for exchanges bringing them extra revenue, whilst traders can take advantage of price differences between platforms moving funds seamlessly between them.
China Undergoes Massive Forex Reserves Loss, Pushes Bitcoin Higher
China is losing a good portion of its forex Reserves in, what is considered to be by many people, an attempt to raise the value of the Chinese Yuan. China, which got hit by hard monetary issues through most of 2016, still continues to struggle to completely offset its economic woes.
World Economy with Bitcoin, Truth or Myth? Part 2
From observing the world economy situation, someone can easily understand we have reached dangerous times. Global debt has grown up to 230 trillion dollars with world GDP at 75 trillion dollars. The need to service this debt has led central banks to attempt to manipulate the economy through zero or even negative interest rates.