The foreign exchange market (FOREX), is the heart that pumps the lifeblood of global trade — currency transactions. Without this facilitator for trade, the era of globalization as we know it would simply not function. However, what happens when a country purposefully manipulates its currency to gain a competitive advantage in the world of trade? […]
The US-China trade war is a tale of two countries: the rising superpower pitted against the incumbent. As its name suggests, a trade war is a war in which several countries impose tariffs, or taxes on imports, to damage each other’s trade. While the key members are the US and China, the situation has impacted […]
Facebook’s announced cryptocurrency, Libra, has made quite the splash since it was first announced. For starters, it is already more well-known among the public than any other crypto besides Bitcoin. That includes staples of the cryptocurrency world, such as Litecoin and Ethereum, both of which have been around for years. While masses sit on the […]
Cryptocurrencies have been on a roll in recent weeks, and Bitcoin is leading the pack. When people think about cryptocurrency, the first thing that comes to mind is Bitcoin. That is because Bitcoin was the first-ever cryptocurrency. Satoshi created Bitcoin in 2009 when he restructured the blockchain to support such digital currencies. Bitcoin’s value, which […]
Facebook. This web-based tech giant has become a household name over the past 15 years. Many associate it with social media, photo-sharing, and due to recent events, a danger to personal privacy. However, through acquisitions and mergers, Facebook has bled into multiple other industries, such as fitness, virtual reality, and artificial intelligence. The February 2019 […]
The name George Soros might ring a bell for some. Soros, a Hungarian-born billionaire investor, has made a massive fortune investing, a large portion of which was donated. Today, he is known primarily for his political contributions and the resulting controversy. But his fame began with a massive short of the British pound in 1992. […]
We are now approaching three years since, on the 23rd of June, 2016, the citizens of the United Kingdom voted in a referendum to leave the European Union. The European Union is an alliance of most European nations dedicated to fostering relations between the nations and facilitating free trade and immigration. A populist fear of […]
With 2018’s sudden spike in the value of Bitcoin, many investors and entrepreneurs saw their profits go through the roof. Masses of average people hurried to follow this trend, in hopes of themselves hitting the jackpot. However, this process created a large misconception about Bitcoin to the general public. Many considered Bitcoin to be a […]
Are bitcoin and other cryptocurrencies back? In short, not fully, but the crypto space still looks promising. This past week, the total market cap of cryptocurrency rose to a high of 183 billion, an increase of approximately 40 billion compared to the previous week. The market cap is the total value of all cryptocurrencies in […]
Go back and remember the last time you went to another country. It’s likely that you had to exchange your currency for the country’s currency. If you have done that, you have already engaged in foreign exchange. You have probably noticed that the price tag on an item from your home country may differ from […]