yuan News and Articles


Libra will be tied to USD, EUR, JPY, but probably not CNY

Libra will be tied to USD, EUR, JPY, but probably not CNY

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Facebook announced the primary basket of currencies. The corporation declared to US senators that Libra is going to be pegged to US dollar, euro, Singapore dollar, British pound and yen. Mark Warner, Virginia Democratic Senator is warned that China can drive the Libra Association to add yuan in the...

btc yuan correlation

The weakening of yuan increased the demand for BTC in China

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The inverse correlation between BTC and yuan increases over time. This may indicate that the Chinese are increasingly considering BTC as a protective asset, according to Bloomberg. Reverse interdependence peaked at the end of August. According to Garrick Hileman, researcher at the London School of...

CEO of Circle: Correlation between BTC and yuan

CEO of Circle: Correlation between BTC and yuan

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Circle cryptocurrency's company CEO Jeremy Allaire has joined other prominent industry representatives who believe that Bitcoin has become a defensive asset with which investors can hedge risks associated with global instability. He is convinced that the rampant nationalism, as well as currency and...

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