Category: RMB

China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You

China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill YouResearch has shown that government paper money is a hotbed for bacteria and that, at least in the U.S., most bank notes in circulation are tainted by cocaine. Now you can also worry about a new threat possibly sticking to your fingers when you handle a bill – a deadly virus coming out of China. […]

The post China Is Scrubbing Cash Notes to Stop Virus Spreading so Its Government Paper Money Wont Kill You appeared first on Bitcoin News.

Continue Reading

China Takes Another Step Away From USD Hegemony

China Takes Another Step Away From USD HegemonyThe China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation […]

The post China Takes Another Step Away From USD Hegemony appeared first on Bitcoin News.

Continue Reading

Currency War Erupts as US and China Bring Out the Big Guns

What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people fear losing the value of their […]

The post Currency War Erupts as US and China Bring Out the Big Guns appeared first on Bitcoin News.

Continue Reading

PR: WaykiChain CEO Gordon Gao Building a Win-Win Public Blockchain

WaykiChain CEO Gordon Gao Building a Win-Win Public BlockchainThis article feature quotes returned direct from inquiry to the company CEO Gordon Gao. WaykiChain(WICC) CEO Gordon Gao’s credentials are substantial and they include (according to his LinkedIn page) having previously worked as a ‘senior business associate’ at Alibaba.com. His portfolio also lists a tenure as ‘lead data scientist’ at Fishbowl Marketing which, on its website, front-lines the fact that it features clients as huge as Coca-Cola and the National Restaurant Association.

The post PR: WaykiChain CEO Gordon Gao Building a Win-Win Public Blockchain appeared first on Bitcoin News.

Continue Reading

PBoC: Bitcoin Trading in Chinese Currency Drops Below 1% of World Total

Bitcoin Trading in Chinese Currency Drops Below 1% of World TotalBitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the world’s leading trading platforms.     Also read: Crypto Exchange Binance Expects up […]

The post PBoC: Bitcoin Trading in Chinese Currency Drops Below 1% of World Total appeared first on Bitcoin News.

Continue Reading

By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close