But those staggering Bitcoin gains don’t come close to the largest return posted this year by a major cryptocurrency.
Even if it happens, Ethereum still would be dwarfed by the gains posted so far by Dogecoin: The price of the cryptocurrency, which was launched as a joke, is up over 13,500% this year to $0.63, according to end of Tuesday prices on Coindesk.
The reason? For starters, its capitalization is far smaller than some of the other major cryptocurrencies—meaning an influx of new money will create a higher percentage gain than if the same amount went into Bitcoin or Ethereum.
“As long as more companies take Doge for products/services, then Doge can be a usable currency because it may hold its purchasing value better than in your bank.
is currently administering first doses at a rate of about 965,000 per day — half the rate of three weeks ago, but almost twice as fast as needed to meet Biden’s target,” The Associated Press reports.
Crypto investment firms that have been investing in blockchain startups for years are not only beginning to see major movement from their portfolio, but are gaining renewed appetite from LPs after a lengthy crypto winter to make bigger, more audacious bets.
Archegos has hired restructuring advisers to assess the potential legal claims from banks and to plan for a possible winding down of its operations, the report said, citing two people familiar with the matter.
HOUSTON -Climate activists are prodding Exxon Mobil Corp’s top shareholders to vote against the reelection of two directors, a move that could boost a hedge fund’s proxy fight to seat four candidates on the oil giant’s board.
Traders are already pricing in additional 250 basis points in increases later this year, which would take the key rate to 6%.“The spreads are still good to investors in relation to the credit risk from the companies,” said Laurence Mello, a credit fund manager at AZ Quest Investimentos, which has 17 billion reais under management.Companies are also finding it easier to sell longer-term debt, with maturities of up to 10 years for inflation-linked bonds and six years for those tied to the overnight rate, according to Felipe Wilberg, the fixed income and structured product managing director at Banco Itau BBA, the biggest underwriter of local corporate bonds this year, according to data compiled by Bloomberg.Most Brazil companies issued debt last year to buy smaller rivals, Wilberg said.
International oil and gas prices have maintained gains and key trading partner China remains on the mend, said Tamara Mast Henderson, Asean economist for Bloomberg Economics.What Bloomberg Economics Says…“We hold our view that the government’s forecast for growth of 6.0%-7.5% this year is out of reach, and expect an expansion closer to 5.5%.”Tamara Mast Henderson, Asean economistClick here to read the full notePolicy StanceThe central bank is likely to flag some downside risks and signal that it continues to have space for further accommodative policy, according to OCBC’s Wiranto.“Going forward, monetary policy should be on an easing bias as uncertainty continues to cloud the economic outlook,” the Asean+3 Macroeconomic Research Office wrote Tuesday.