Latest Crypto Crash Wipes Out Billions of Dollars from Investors

The price of cryptocurrencies has crashed even further on Tuesday wiping off long (buy) positions worth over $10 billion. The price of bitcoin is currently about 50% off its all-time high of around $65,000 last April. Other smaller cryptocurrencies like …

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Chinese Yuan Could Displace the Dollar as the World’s Premiere Reserve Currency

Economists and world leaders now face the possibility that the Chinese Yuan could replace the U.S. dollar as the world’s primary currency for use in foreign trade. In a letter to JP Morgan’s shareholders, chairman Jamie Dimon acknowledged the growing …

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