Costo sells out of gold bars, but is it a better investment than Bitcoin?
Gold bars recently sold out at Costco, reflecting investors’ souring mood about the economy. Is there a silver lining for Bitcoin?
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Coinbase earnings show the company is now much more than just an exchange
The Coinbase earnings report shows that services and subscriptions are the exchange’s core revenue streams. Is this a positive or a negative?
Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills
Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion.
Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized…
Tether has $1.5B in Bitcoin reserves: BDO Italia
The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.
Russia Projected to Start Purchasing Chinese Yuan for Its Foreign Reserves as Soon as May
Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian economists. While analysts state that the purchases will be…
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…
Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash
The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.
Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts
BTC margin and options markets are steady, even as investors run for cover as crypto and stock prices fall.
MEXC Global publishes proof of reserves after month long testing
The report showed high reserve ratios for USDT, USDC, BTC, and ETH.