The US election seals China's victory in digital currency supremacy
While there is an unclear future for digital currency development under Joe Biden’s presidency, China is leading the race. The world is engaging in financial warfare, and China is winning. China’s digital yuan — also referred to as Digital Currency Electronic Payment, or DCEP — will soon be used around the world. The People’s Bank of China is one of the most advanced central banks in the world. For that reason, it has been advancing on the digital currency front, while by all appearances, the United States Federal Reserve has not.And now that Donald Trump and his “America First” policy has....
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The results are in, and Americans are shocked by a Donald Trump upset victory over Hillary Clinton in the 2016 presidential election. Bitcoin markets reacted to the victory as well, the price rising as much as $30 to renewed highs of $730. In the midst of all the hype and hoopla, one thing appears to be certain: bitcoin is benefiting from Trump’s victory. The price of everyone’s favorite digital currency spiked an additional three percent yesterday following the former reality star’s win in Washington. At press time, the bitcoin price stands around $717. That’s an increase of eight dollars....
China has tried to depreciate the yuan in a controlled manner, but, increasingly, this is becoming more and more difficult to maintain. Investors and businessmen, knowing this, have placed bearish bets on the yuan or converted yuans into dollars, which hastens the decline of the second largest economy’s currency. China has pushed a weaker yuan since it entered into the International Monetary Fund’s group of reserve currencies in early October. The yuan’s decline increased when Donald Trump won the U.S. presidential election. That victory hastened the US dollar’s year of gains.....
The election is over, and many Americans are shocked by the results. In a stunning upset, Republican candidate and businessman Donald J. Trump has pulled off a sweeping victory in the electoral college to become the next president-elect. The outcome has left the nation as divided as ever. Some are ecstatic over the news, while others are left feeling depressed and even angry. Virginia coal miner Jimmy McDonald is one of many expressing joy over Trump’s victory, stating: “There’s still some good in America. The people have spoken. The people said, ‘enough is enough.’ He’s going to bring....
The election of Donald Trump, the future President of the United States scheduled to take office on January 20, 2017, has thrown the global economy and world financial markets into turmoil. Consequently, the price of Bitcoin has surpassed $731 and is presumed to reach a multi-month high of $745. Predictions wrong. Contrary to most experts and analysts, Trump enjoyed a dominant victory over Democratic candidate Hillary Clinton, with a lead of 58 electoral votes. Prior to the election however,the mainstream media and American markets predicted that Trump had as little as 15 percent chance of....
Bitcoin poker website Seals With Clubs has announced that it is shutting down. In a notice posted on its website, Seals With Clubs cited security issues but did not disclose the specific events that led to the decision. The site has experienced security problems in the past, having been the target of a database hack in December 2013 that resulted in the theft of 42,000 passwords. Seals With Clubs stated that withdrawals will be available and advised all users to not deposit any bitcoins. Describing the situation as one constituting "a perpetual state of jeopardy", Seals With Clubs said....