Auto Added by WPeMatico

Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD

The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency…

Continue ReadingMetaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD

China’s $53.3B Divestment in US Treasuries Signals Massive Shift From Dollar Assets

According to records, China has divested $53.3 billion in U.S. Treasury notes and agency bonds during the first quarter. Some analysts suggest this reduction in foreign exchange reserves might be…

Continue ReadingChina’s $53.3B Divestment in US Treasuries Signals Massive Shift From Dollar Assets

Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says

Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The…

Continue ReadingDollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says

Chatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff Tweets

Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot…

Continue ReadingChatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff Tweets