Facebook Warns Against China Taking Lead If Libra Fails to Launch
Social media company Facebook has been fighting tooth and nail to ensure that its cryptocurrency project Libra manages to see the light of the day. Its executives are busy swaying ...
Tag: China
Hash Rate Crash Pulverizes the Crypto Markets with Bitcoin (BTC) Price Down to $8,500
On September 24, the Bitcoin price dropped from the skies. That drop resulted in more adverse effects on altcoins. The top altcoins registered losses of over 15% on average. Ethereum ...
Euro Zone Bond Yields Slide Due to Oil Uncertainty
Over the weekend, news broke that a Saudi Aramco crude facilities were attacked by a drone. The incident caused the longer-dated euro zone bond yields to fall on September 16. ...
Discount Brokerage Charles Schwab Will Close Operations in Singapore By the End of the Year
The trading industry suffered a hit on Thursday after leading discount brokerage firm Charles Schwab Corp announced via a statement in its web page that it will close its office ...
Chinese Manufacturing Industry Continues To Slow Down As Trade War Escalates
The trade war between the United States and China keeps dragging on, and this standoff has affected economic activity in the two countries significantly. The two governments have failed to ...
A Gold-Backing Can Give XRP More Value Than A USD-Backing – Charles Lee
Charles Lee, an economic and financial analyst said that XRP can do better as a potential reserve currency when it is backed by gold and not the US dollar. XRP ...
Global Stocks Freezing as Recession Warnings Heat Up
Since the start of 2019, the global economy has been ailing. The unresolved Brexit issues and the US-China trade wars are not doing anything to help that situation. On August ...
Subject Libra to Supervision Before Letting it in: SAFE Official Tells China
An official of China’s foreign exchange regulator said on August 10 that Libra should be classified as a foreign currency. Furthermore, he said that it should get integrated into the ...
Threats about China’s Dumping of US Treasuries Rise as Yuan Drops
The US-China trade war could be fueled by China’s dumping of the $1.1 trillion pile of US Treasuries held by the Asian power. The move could come as a reaction ...
Facebook’s Libra Sends Shivers in China, Creates Competition for PBOC
The People’s Bank of China (PBOC) has been mulling over a proposal to create its own centrally owned digital currency, but Facebook’s plans of launching Libra isn’t sitting well with ...