State pension plans can adopt crypto more easily than private plans

Hedge funds are adopting crypto investments, but one asset manager says it is all a speculative play. 474 Total views 3 Total shares Not all hedge fund managers are sold on crypto as Man Group CEO Luke Ellis has compared cryptocurrencies to tulip bulbs.Speaking to the Financial Times, Ellis remarked that the utility of crypto…

Renaissance Macro Research’s head of technical research Jeff deGraaf concluded it may be “game over” for Bitcoin (BTC) in a new analysis, CNBC reports August 9. In a note to clients, deGraaf, who has received multiple accolades for his trading insights in the past twenty years, claimed Bitcoin’s price movements suggest the largest cryptocurrency is…

Local government in China endorsed a public Blockchain infrastructure project. Conflux Network, a permissionless blockchain project, announced that it has been endorsed by government officials from the Chinese province of Hunan on August 19. The company was previously endorsed by the Shanghai Municipal Government for similar reasons.Hunan province, located in south central China, is a…

Witnessing the crypto crashes over the past several weeks from a front-row seat, Bitpanda made the “tough decision” of cutting down its employee headcount to roughly 730 people. 484 Total views 13 Total shares Austrian crypto and stock trading platform Bitpanda joins the growing list of companies to announce a mass layoff as it aims…

About 90 percent of currently active U.S. companies’ blockchain initiatives will ultimately be abandoned. This statistic comes from a study by Forrester Research, cited by Bloomberg in an article July 31. The U.S. market research firm Forrester Research predicts that most of blockchain-powered projects initiated by American companies will be put on hold in 2018.…

Ripple is launching a formal social impact program, dubbed “Ripple for Good,” according to a press release published September 27. The initiative will pool $25 million from the firm together with $80 million in donations to invest in projects focused on education and financial inclusion.The press release states that Ripple is still assessing which projects…

Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits. 19 Total views 1 Total shares A group of eight organizations focused on the environment have called on different government agencies under the Biden administration to implement new approaches in response to…

Analysts say upcoming rate cuts could be a boon for Bitcoin’s price action but the market is still in “wait and see” mode.

The nation of Qatar is a World Bank “high-income economy,” backed by the world's third-largest natural gas and oil reserves. It has the third-highest GDP per capita in the world (by purchasing power parity), with very high human development. Similar to other Gulf Cooperation Council states — which also include the United Arab Emirates, Saudi…