On average, roughly $60 million in notional value has traded each day. In just the last 24 hours, about a half-million bitcoins alone have changed hands. At $17,000 per bitcoin, that is about $8.5 billion.
Category: Other Voices
Alternative Links: Never Override The Model
Algorithms made him a Wall Street billionaire. His new research center helps scientists mine data for the common good.
Alternative Links: VIX Yield Curve
You may be wondering: did they throw blue spaghetti noodle on paper for inspiration and then write an economics article about it?
Alternative Links: Allocation to Alternative Assets in 2018
Among survey respondents, 45% said they expect the alternative investment asset allocation in clients’ portfolios to increase
Weekend Reads: Petrocurrencies
The Dollar Is Now More Correlated With Oil Than Some Petrocurrencies
Weekend Reads: Cheese and Butter Futures
Open interest, or outstanding contracts, for cash-settled cheese options climbed to a record 41,832 on Wednesday
Weekend Reads: Why is everyone so busy?
When people see their time in terms of money, they often grow stingy with the former to maximise the latter.
Alternative Links: The Coming Renaissance
The agreement enabled the U.S. to print dollars with little adverse effect on interest rates, thereby facilitating consistent U.S. economic growth over the subsequent decades.
Alternative Links: Bridgewater
My plan was to step out as CEO while helping my replacements as a mentor, remain in my investment role, and take the time I gained from no longer managing the company to suck the marrow out of life, while I still could.”
Weekend Reads: Dubai Blockchain Currency
The new “encrypted digital currency,” called emCash, will be based on the latest blockchain technology, Dubai’s economy department says in a statement, and will be usable through emPay, a wallet launched by Emcredit to support contactless payments.