Tag Archives: currency

Trump slamming Russia for currency devaluation shows lack of knowledge or bias – analyst to RT

The ruble has lost nine percent of its value after Washington sanctions targeted Russian businesses. But that’s not the reason for the ruble’s depreciation, according to US President Donald Trump. “Russia and China are playing the currency devaluation game as the US keeps raising interest rates. Not acceptable,” Trump tweeted on Monday. Russia and China are playing the Currency Devaluation ...

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Petro-yuan to launch renminbi as global currency & kneecap petro-dollar

Yuan-backed oil futures can shatter the US dollar dominance on the crude market, according to experts polled by RT. However, the greenback will not give up the top spot easily. “The question number one is whether China will be able to make the oil market its demand market, and not the oil supply market traded in dollars, which it is ...

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‘Time has arrived for Africa to establish a single currency’ – South African president

President of South Africa Cyril Ramaphosa has suggested creating a single currency for Africa which, according to him, could boost trade across borders and match international currencies. The idea was first mooted by Ramaphosa during a meeting of the African Union in Rwanda, where 44 countries gathered to sign the African Continental Free Trade Area (CFTA) treaty. “The hour, the ...

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Caracas going crypto-crazy: Venezuela set to launch second digital currency

After successfully launching the ‘petro,’ Venezuela is now on its way to becoming the world’s first country with two national cryptocurrencies, reports TV news network Globovision. The channel quotes Venezuela’s President Nicolas Maduro, who made the announcement during his meeting with members of the party Patria Para Todos (PPT). The new virtual token, dubbed ‘petro oro’, will be backed by ...

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Soldier, chef & crypto ambassador: Hollywood ace Seagal to front new digital currency

Goateed Hollywood hardman Steven Seagal has joined the cryptocurrency revolution after agreeing to become the face of a new digital coin. Seagal, who famously played special forces soldier-turned chef Casey Ryback in both ‘Under Siege’ and ‘Under Siege 2: Dark Territory’, is to become the worldwide brand ambassador for Bitcoiin2Gen, a new cryptocurrency styling itself as a successor to Bitcoin. ...

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Forbes cryptocurrency rich list as cryptic as the currency

Forbes Magazine has published its first crypto rich list. Ripple founder Chris Larsen is the wealthiest cryptocurrency investor, with an estimated net worth of up to $ 8 billion. The list consists of 19 people, all of whom have an estimated net worth of more than $ 350 million. “Our first-ever Crypto Rich list provides a snapshot of a pivotal ...

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Cryptocurrency tumble erases over $100bn from digital currency market

Bitcoin and other digital currencies have lost over $ 100 billion in value since Thursday. This represents more than 20 percent of the entire crypto market. Read more The total market capitalization or value of all cryptocurrencies in circulation was $ 402.9 billion at the time this article was written. All major cryptocurrencies fell from 15 to over 30 percent ...

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Major payment system dumps bitcoin, says it fails as currency

Bitcoin is too volatile and demands high transaction fees to be interesting for business, according to Stripe, a leading online payments company, which will stop accepting the cryptocurrency in April. “Over the past year or two, as block size limits have been reached, bitcoin has evolved to become better-suited to being an asset than being a means of exchange,” the ...

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Visa may be waging war against bitcoin by rejecting it as currency

The largest cryptocurrency, bitcoin, is a commodity and not a payment system, according to Visa’s chief executive. Visa will also not give bitcoin or other cryptocurrencies a platform for wire transfers and exchanges. “I don’t view it as payment system player,” CEO Alfred Kelly told CNBC. “We at Visa won’t process transactions that are cryptocurrency-based. We will only process fiat ...

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With 80% of bitcoin mined, fears rise it will become another fiat currency

As bitcoin gets closer to its 21-million-unit limit, enthusiasts say buying the cryptocurrency will gradually become much harder, making it more valuable. Others say it will stop being decentralized. Over 16,800,000 BTC have been mined as of January 13. It is impossible to predict when all the 21 million will have been mined. Some are saying that it can be ...

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