Tether’s Bank Discloses ‘Large Position’ in Bitcoin

Deltec, the Bahamas-based bank that holds the reserves for the cryptocurrency space’s leading stablecoin issuer Tether, has revealed it has a “large position” in bitcoin and has been buying BTC since it was trading at $9,300. In a 2020 review video the firm published, first spotted by Twitter user lenne, the firm’s Chief Investment Officer Hugo Rogers said: It also […]

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Bitcoin May Revisit $20K, Is It Time To Sell?

Bitcoin was unable to hold $40,000 after making its ATH of just below $42,000. A large sell-off from miners caused Bitcoin to drop 18% to $30,410. About $170 billion were wiped out from the cryptocurrency market.  The flash crash rekindled memories of the 2017 boom-and-bust that dragged Bitcoin from the previous ATH to $10,000. It has taken Bitcoin three years […]

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Bitcoin Eyes Bull Run Towards $40K Ahead of Biden's Stimulus Plan

Bitcoin extended its recovery trend as traders shifted their focus on Joe Biden’s stimulus plan expected later on Thursday, hoping that a generous spending package would pressure the US dollar and boost demand for alternative safe-haven assets. The US president-elect’s proposal expects to increase the federal deficit by around $2 trillion. His bill might contain financial support for state and […]

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FDA Expands Approved Use Of PFE’s Xalkori, LXRX Soars On Sotagliflozin Update, BCYC Hits New High

Today’s Daily Dose brings you news about Lexicon’s regulatory update on Sotagliflozin in heart failure; FDA approval of Pfizer’s XALKORI in a new indication; Bicycle’s pipeline progress update and Organogenesis’ progress in knee osteoarthritis trial. Read on… 1. Bicycle Rides High on Pipeline Progress Update Shares of Bicycle Therapeutics plc (BCYC) touched a new high on Thursday on the back […]

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Bitcoin Reclaims $40,000 as Powell Rubbishes Taper Tantrum Woes

Bitcoin didn’t die—all over again. The flagship cryptocurrency climbed to an intraday peak of $40,127 in the early New York session Thursday, up more than 7 percent. Its upside move followed a massive bearish reversal at the beginning of this week, wherein the price fell from near $42,000 to as low as $31,100 (data from Coinbase). Many anticipated Bitcoin to […]

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