High strength nickel-based amorphous alloy

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A novel Ni-based amorphous alloy is provided. The alloy has the following composition, by weight % : 10.0 to 40.0% of Cr; 25.0 to 42.0% of Mo; 0.6 to 6.0% of Si; 0.3 to 3.0% of B; 1.2 to 5.0% of Zr; 0.1 - 1.8% of at least one element selected from the rare-earth group including Ce and La; 0.1- 1.5% of Y, and Ni is the balance. The Ni-based amorphous alloy is provided for use in casting of microwires with glass insulation.