Showing posts with label fx rate. Show all posts
Showing posts with label fx rate. Show all posts

Thursday, January 18, 2018

Alex Christoforou — De-dollarization and the rise of Bitcoin. Is there a connection between the two?

Is Bitcoin a Reaction to US Dollar Hegemony?
Like Mike has been saying for some time.

The Duran
De-dollarization and the rise of Bitcoin. Is there a connection between the two?
Alex Christoforou

Related
Blockchain technology and the birth of the so-called cryptocurrencies finds deep roots in three contributing factors: the advance of technology: the manipulation of global economic and financial rules; and the persistent attempt to weaken the national economies of countries that geopolitically challenge the US power system. In this first article I address these issues from a financial point of view, in the next analysis I intend to dive into the geopolitical aspects and broader the perspective on how Russia, China and other nations are taking advantage of a decentralized financial system.
Strategic Culture Foundation
Is Bitcoin a Reaction to US Dollar Hegemony?Federico Pieraccini

See also

The iron fist of the US.
As the launch of new ‘petro’ cryptocurrency draws near, a US government agency declared that this newcomer to the digital financial market may represent a violation of sanctions imposed against Venezuela, its issuer.
Sputnik International
US Treasury Warns About Sanction Risks of Owning New Venezuelan Cryptocurrency

Sunday, August 14, 2016

Top News — China largely succeeds in RMB exchange rate reform


Longish and detailed. The short of it is that China has gotten a grip on the currency market thing and is now in a position to handle the peg professionally. The target is to maintain the RMB peg in a 2% plus and minus corridor against the USD.

Top News
China largely succeeds in RMB exchange rate reform