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Tag Archives: Currency

Bitcoin plunges below $6,000, lowest in last three months

Bitcoin plunges below $6,000, lowest in last three months

Some technical indicators suggest the rout in bitcoin has further to go The digital cryptocurrency Bitcoin fell more than 15 percent on to sending to its lowest level since November ranging from a global regulatory clampdown. On the Luxembourg-based Bitstamp exchange, Bitcoin fell as low as $6,853.53 in early afternoon trading in New York. That marked a fall of more ... Read More »

Chinese yuan gaining momentum to become global currency

BUENOS AIRIES – China’s currency, the yuan or renminbi (RMB), “is increasingly competing” against the US dollar and the euro as it moves closer to gaining a global currency status, an Argentine report said. In a key step, the International Monetary Fund (IMF) is meeting this month to “study the possibility of incorporating the yuan” into its basket of major ... Read More »

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