Materials by tag Yuan

Feb 07, 2020 at 15:59
Japan to Issue CBDC Proposal to Counter China’s Government-Owned Cryptocurrency
After hearing that China is trying to develop its own state-backed cryptocurrency, Japan has joined arms with other countries to come up with their own government-owned digital asset so it can dominate China’s digital yuan and all other state-owned tokens that will be launched afterwards.
Oct 13, 2016 at 11:55
Bitcoin Price Rises As Chinese Yuan Hits Six-Year Low
The Chinese Yuan has fallen to its lowest level in six years, forcing investors within the economy to move their money overseas. Bitcoin appears to have been a convenient method of transfer of value as speculators have also taken advantage of the prevailing demand for the cryptocurrency. This, according to experts, has given rise to the current surge in the price of Bitcoin.
Jun 17, 2016 at 16:55
The World’s Major Competitors to Bitcoin
In May 2016 Bitcoin’s price showed an increase of more than 18% and reached the high level of $540. This growth confirms demand for Bitcoin on the global financial market, as well as among ordinary users.