There is increased pressure from several nations to replace the U.S. dollar as the world’s reserve currency. The U.S. has ...
The RMB still has a long journey to becoming a global reserve currency. Still, the steady rise of the RMB appears inevitable given China’s growing economic significance. The US$468 billion (and ...
SHANGHAI -- China's central bank stepped up support for the yuan on Thursday, signaling it wants to avoid a rapid weakening of its currency, after the U.S. Federal Reserve's 2025 interest rate ...
An index of Asian currencies fell to the lowest in more than two years amid pessimism over China’s economic outlook and ...
President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers ...
Recently, the Politburo, China's top decision-making body, opted to respond more actively to economic downturns, boost demand ...
(Reuters) -Bitcoin surged to a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to ...
The People’s Bank of China set the so-called fixing at the strongest bias since July versus the average estimate in a ...
The People's Bank of China (PBoC) issues this currency. Also known colloquially as the 'yuan,’ it makes up average volume of US$142 billion per day. Although it is a developing currency, it is the ...
The United States could reduce its national debt by 35% in the next 24 years if it creates a reserve of 1 million Bitcoin, in ...