FX Reserves Allocated to USD-Assets have Fallen by 5% Since 2018 Mr. Hansen was responding to another Tweet that elaborated on the shift by countries worldwide away from the US dollar as a reserve currency. The analysis pointed out that according to J.P Morgan, the proportion of foreign reserves allocated to USD assets had declined by 5% since 2018. Additionally, […]

A blogger and Bitcoin enthusiast by the name of “Mr. ERB” (short for “Mr. Early Retirement by Bitcoin”) has shared his method for amassing crypto wealth on the way to an early retirement.  Speaking in an interview with Cointelegraph, Mr. ERB (whose blog is called “Early Retirement by Bitcoin“) said that his primary motivation for investing in crypto was not […]

Shares of foodservice distributor US Foods Holding Corp. (USFD) are up more than 4% Thursday morning after reporting preliminary first-quarter results, better than analysts’ view. Net loss for the quarter narrowed to $16 million or $0.07 per share from $39 million or $0.18 per share loss a year ago. Excluding one-time items, earning were $0.36 per share, that beat the […]

Cryptocurrencies plunged again early on Monday amidst an uneasy tryst with the macro-economic conditions, as red-hot inflation and surging bond yields stoked worries of a global recession. Bitcoin dropped below the psychological $39k level, touching $38,696.19, a level last touched in the middle of March 2022. Cryptocurrency market capitalization is at $1.83 trillion, versus $1.89 trillion a week ago. Another […]

$40k Per Bitcoin Sounds Cheap for Whales In another analysis shared on Twitter, Mr. Ju speculated that Bitcoin whales sold part of their holdings when BTC hit $47k. The same whales are now accumulating at $40k as the price of Bitcoin seems cheap. He further shared the following chart demonstrating the selling behavior of whales over the years and at […]

Cryptocurrency investment firm Pantera Capital CEO and co-CIO Dan Morehead has revealed he believes that as the cryptocurrency market becomes broader and more valuable the “amplitude of price swings will moderate,” although he sees a “massive rally” in the next 6-12 months. In a note shared with investors, Morehead wrote that while Bitcoin ($BTC) has had two major bear markets […]

Antoni Trenchev, Co-Founder and Managing Partner of Nexo, “the world’s largest and most trusted lending institution in the digital finance industry”, is expecting the Bitcoin price to get to $100,000 within a year. According to a report published by CNBC earlier today (April 14), the Nexo managing partner told CNBC that although he us concerned about Bitcoin in the short […]

Shares of aTyr Pharma, Inc. (LIFE) are rising more than 7% in the morning trade on Wednesday after the company received orphan drug designation from the FDA for its lead drug candidate, efzofitimod, for the treatment of systemic sclerosis. Orphan drug designation provides certain benefits, including the potential for seven years of market exclusivity following regulatory approval, exemption from FDA […]

Ricardo Salinas Pliego, Mexico’s third-richest person is predicting a recession storm that could unfold as the fangs of inflation continue to devour global economies. In a Tuesday tweet, Pliego, 66, called on people to buy Bitcoin in cushioning themselves against what he believes will be even tougher times ahead. “We already know what is going to happen with inflation, I […]