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currency

Tips on How to Choose Which Cryptocurrency to Trade

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The cryptocurrency market was born in 2009 after the launch of a project called Bitcoin (BTC).

A cryptocurrency is an encrypted decentralized digital currency that can be transferred from one individual to another.

Since the launch of Bitcoin, many players have joined the market. Aside from Bitcoin, the other top players are Ethereum(ETH), Litecoin (LTC) and Ripple (XRP). [Read more…] about Tips on How to Choose Which Cryptocurrency to Trade

China expands testing of digital currency in case US bans yuan

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China is expanding the testing of digital yuan currency to prepare for any further restrictions on its companies by the US. 

So far, US President Donald Trump has effectively banned Huawei in the US and from doing business with US suppliers globally.

Huawei is the leading Chinese telecommunications equipment provider, supplying 5G systems to many countries abroad, and it offers a successful line of smartphones. [Read more…] about China expands testing of digital currency in case US bans yuan

Russia and China ‘ditch’ dollar and increase use of euro

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Russia and China are building a “financial alliance” and look set to “ditch” the dollar, according to a report on the Nikkei Asian Review website. 

The financial news website reports that the US dollar’s share of trade between Russia and China “fell below 50 percent for the first time on record” in the first quarter of 2020.

The source of the statistic is Russia’s Central Bank and Federal Customs Service, which published figures showing that a relatively low 46 percent of trade transactions between China and Russia were conducted or completed in US dollars. [Read more…] about Russia and China ‘ditch’ dollar and increase use of euro

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