AYMNews™ Flash – Week 30
AYMNews™ Flash
Week 30
AYMNews™ Flash - Week 30
BlackRock Study Reveals: Optimal Bitcoin Allocation In Portfolio Is 84.9%
‘In a groundbreaking asset allocation study, the world’s largest and most influential asset manager BlackRock suggests a game-changing Bitcoin revelation for investors seeking to maximize returns. The study, which tracks BTC as a standalone investable asset could be nothing short of transformative. While the study was written last year, it has gained newfound popularity across Twitter.
The study, conducted in April 2022, analyzed the performance of Bitcoin as an asset from July 2010 to December 2021 on a monthly basis. BlackRock’s findings indicate that for a 60-40 portfolio (60% equities and 40% bonds) with a fixed risk aversion of γ = 1.50, the optimal allocation to BTC is an astounding 84.9%. The remaining 15.1% is suggested to be split between equities and bonds, with a 60-40 ratio.’ – (Bitcoinist)
Link to Full Article Here
Volkswagen Group’s Ducati Selects XRP, Announces Its First Launch!
‘Italian motorcycle designer and manufacturer Ducati has announced that it has launched its first NFT collection and has partnered with XRP Ledger for the NFT launch.
The collection will be hosted on the XRP Ledger.’ – (CoinMarketCap)
Link to Full Article Here
South Korea to require firms to report crypto holdings from next year
‘The South Korean government is continuing to develop tighter regulations targeting the cryptocurrency industry with the introduction of new asset disclosure rules.
On July 11, South Korea’s Financial Services Commission (FSC) announced a new bill that will require all firms that issue or hold cryptocurrencies like Bitcoin BTC to disclose their holdings.’ – (Coin Telegraph)
Link to Full Article Here
Billionaire Tim Draper Says Bitcoin Will Rise Above Fiat
‘Billionaire tech and crypto investor Tim Draper has been quite vocal about Bitcoin. In one of his recent conversations on Fox Business, Draper spoke about some of his thoughts on BTC.
Draper, the founder of Draper Associates and an expert in various investment realms, expressed his belief that Bitcoin’s resilience and technological superiority will ultimately lead to mainstream adoption. He also stated that BTC will rise above fiat, and it’s better and safer than banks and governments controlling currency.‘ – (Watcher.Guru)
Link to Full Article Here
Fed approves hike that takes interest rates to highest level in more than 22 years
‘The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years.
In a move that financial markets had completely priced in, the central bank’s Federal Open Market Committee raised its funds rate by a quarter percentage point to a target range of 5.25%-5.5%. The midpoint of that target range would be the highest level for the benchmark rate since early 2001.’ – (CNBC)
Link to Full Article Here
Japan Signals More Web3 Promotion Policies Are Coming
‘Japan’s Prime Minister Fumio Kishida said on Tuesday that the country plans to improve the environment for Web3 when it comes to using tokens and revitalize the content industry.’ – (Coin Desk)
Link to Full Article Here
Algeria applies to join BRICS, would contribute $1.5 billion to group bank
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Algeria has applied to join the BRICS group and submitted a request to become a shareholder member of BRICS Bank with an amount of $1.5 billion, Ennahar TV quoted Algerian President Abdelmadjid Tebboune as saying.
It added that Tebboune said at the end of his visit to China that Algeria had sought to join the BRICS to open new economic opportunities.
The North Africa country is rich in oil and gas resources and seeking to diversify its economy and strengthen its partnership with countries such as China.’ – (Reuters)
Link to Full Article Here
Dogecoin Surges 9% After Cryptic Elon Musk Tweets Link DOGE and X
‘DOGE was at the time of writing up more than 9% in the past 24 hours, according to CoinGecko, trading for $0.08. And in the past week, it’s up 19%, making it one of the best-performing coins.
The original meme coin shot up in price as Twitter CEO—and the world’s richest man—Elon Musk tweeted a promo of the social media site’s new logo, originally shared by a Dogecoin designer. Musk appears to have also added the Dogecoin symbol to the location field in his Twitter bio.’ – (Decrypt)
Link to Full Article Here
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