Monthly Archives: December 2015

More Information Emerges On The IronFX Troubles With Its Clients

2015 12 25

IronFX seemed to have developed a business model that was successful in getting the company high trading volumes. But then, all hell broke lose with its Chinese clients storming its offices demanding their money back. However, even before the newsworthy event, the company was battling allegations that it was keeping client withdrawals pending for too […]

China May Be Behind The Latest Bitcoin Price Increase As The Currency Traded At $400

2015 12 08

For the first time in a period of more than a month, bitcoin has attained highs of $400; and China might be the reason for this price increase. In particular, over this weekend, the cryptocurrency has managed to experience a whopping 10% increase in its value. Before the recent spike in price, bitcoin had remained […]

Yuan To Become A Global Reserve Currency From 2016, U.S. Preparing For The Development

2015 12 03

According to a recent statement by the IMF, the Chinese currency, the Yuan (also referred to as RMB, CHN, and renminbi) has met all the criteria needed to become a global reserve currency. In fact, beginning October 1, 2016, the yuan will join the U.S. dollar (USD), the euro (EUR), the Japanese yen (JPY), and […]