Tether’s Financial Triumph: Record $2.85B Q4 Profit and Strategic Asset Growth

Tether Holdings Limited reported a Q4 2023 profit of $2.85 billion, boosted by US Treasuries, Gold, and Bitcoin reserves, and a net profit of $6.2 billion, showcasing strong financial health. During the fourth quarter of 2023, Tether Holdings Limited achieved a record-breaking level of profitability, generating a net profit of $2.85 billion. This result may mostly be attributable to operational income of one billion dollars from US Treasuries, as well as gains from gold and Bitcoin reserves. Additionally, the firm made a strategic investment of $640 million in projects such

Russian leaders have high hopes for new nukes this year — again

MOSCOW — The Russian ministry of defense has declared 2024 as the year when several nuclear weapons will enter the inventory of Moscow’s strategic forces, moving a number of goalposts that were meant to be reached last year.Deputy Defense Minister Alexei Krivoruchko said on Jan. 26 that the entry into the armed forces of the Sarmat strategic missile system, Tu-160M bombers and the Borei-A nuclear submarine Knyaz Pozharsky are the main tasks for 2024. The objectives have remained the same since December 2022, when Defense Minister Sergei Shoigu announced atomic-weapons

Gold dips sharply as Fed negate rate-cut speculation for March, US PMI eyed

Share: Gold price falls back as the “early rate-cuts” narrative wanes. The Fed needs more evidence to be confident that inflation will return to 2%. The US Dollar advances ahead of ISM Manufacturing PMI, NFP data. Gold price (XAU/USD) faces an intense sell-off in Thursday’s early New York session. The upside in the Gold price remained restricted as the Federal Reserve (Fed) has pushed back expectations of a rate cut in March. Fed Chair Jerome Powell showed disinterest in rate-cut speculation, arguing that policymakers are still unconvinced that underlying inflation will sustainably return to the 2%

JPY carry trades downside pressure reinforced ex-post FOMC – MarketPulse

The US Federal Reserve pushed back the first Fed funds rate cut and Fed Chair Powell indicated that the “highly anticipated” March rate cut is not the base case for now. The dovish Fed Pivot narrative is still alive as both the 2-year and 10-year Treasury yields continued to inch lower and closed near their session lows. The continuation of down-trending US Treasury yields put pressure on JPY carry trades indirectly; AUD/JPY is the worst performing among the G-10 currencies so far. This is a follow-up analysis of our prior

Robert Kiyosaki Explains Why He Is Not Interested in Spot Bitcoin ETFs

In an insightful interview with Jeremy Szafron of Kitco News, Robert Kiyosaki, the renowned author and financial expert, shared his analysis of the current economic climate. Kiyosaki’s discussion spanned a wide range of topics, from the potential crash of the stock market to the financial challenges facing the baby boomer generation, offering valuable insights into commodities, geopolitical tensions, and his views on gold, silver, and Bitcoin. Economic Outlook and the Baby Boomer Generation Kiyosaki paints a grim picture for the baby boomer generation, pointing out the precarious position they find

Pacific Airshow Gold Coast spreads its wings wider for 2024

Pacific Airshow Gold Coast has confirmed its expansion as it locks in dates for its second year. Tickets have gone on sale for the 2024 show, slated for 16 to 18 August in Surfers Paradise, with organisers signalling plans to extend the event along the beachfront after last year’s show attracted around 250,000 people including 100,000 paying attendees. The show this year will take up around 1.5 kilometres of the Surfers Paradise Esplanade, up from 1km in 2023. “As we gear up for our second year, the anticipation and excitement

Everyone is Spiritual, No One is Religious – The Rise of Cannabis in Modern Day Spirituality

The Role of Cannabis in Modern Day Spirituality In recent times, cannabis has transcended its traditional image, morphing from a mere recreational substance to a significant topic of scientific inquiry and social discourse. This shift mirrors our evolving understanding of health, wellness, and personal freedom. Cannabis now stands at the crossroads of public health policy, technological innovation, and socio-cultural transformation. The plant’s journey from the fringes of legality to the forefront of therapeutic potential is as fascinating as it is complex. With increasing legalization, cannabis has spurred a revolution in

5 Ways to Find the Perfect Duo Partner in League of Legends

Nothing improves the League of Legends experience more than finding the perfect duo partner. Whether it is experiencing meaningful social connection, limiting a lobby’s toxicity or simply just having a more enjoyable time, queuing up with the right friend will improve the game immensely. For players wanting to climb the ladder or those just looking for casual weeknight plans, these strategies can help them find the duo of their dreams. [Related: This Champion has Ridiculous Win Rates] Finding the Perfect Duo Partner in League of Legends 1. College Esports Lounges

The 7 Largest US Funding Rounds of December 2023

Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from December 2023. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis. The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to