Tag: yuan
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BTC Slides North as the Yuan Declines
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…
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Taiwan Attempts to Halt Anonymous Cryptocurrency Transactions
Taiwan, officially known as the Republic of China, has taken regulatory steps towards halting anonymous cryptocurrency transactions. The country’s highest legislative authority passed amendments which…
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Think Tank Proposes Another One-Off Devaluation of The Chinese Yuan
China’s economy is of great concern to financial experts all over the world right now. With the economic growth expected to slow in 2017, and…
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Bitcoin Reaches $640; China Pushes $700 Breakout
The price of bitcoin has continuously surged since its initial breakout on October 8, increasing from around US$617 to US$640 in a few days. Experts…
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Yuan Reaches Six-Year Low As Bitcoin Price Soars
The Chinese yuan has been going through its ups and downs in recent years. Ever since the financial crisis hit in 2008, the overall trend…
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Rapid Bitcoin Price Surge; Yuan Devaluation & Market Recovery
After a month of dreaded stability, the price of Bitcoin began to surge rapidly, increasing from US$590 to $610 in a matter of hours. Amidst…
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China May Take Bitcoin Prices for yet Another Ride
We all observed a surge in the bitcoin price during Greece crisis right before it took a nosedive to reach a low of about $190.…
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More Than 70 Percent of The Volume of Bitcoin Are Now Made up by Yuan
It has been found that most of the transactions using bitcoins have been made from yuan trade over the last 30 days. The yuan…
