Union Investment, a German asset management, seeks BTC exposure for several of its funds
Following the passage of more favorable legislation governing Spezialfonds, German funds and asset managers are broadening their scopes to include cryptocurrency investments. Asset manager with a $500 billion market capitalization With the addition of Bitcoin (BTC) to multiple investment funds as part of a focused trial program for its institutional clients, Union Investment provides solid […]
GK8 announces custody partnership with Stellar Network
Blockchain security company GK8 has announced a new custody partnership with Stellar Network. The partnership will allow GK8 customers access Stellar Lumen token’s (XLM) investments. Demand for institutional-grade blockchain solutions is on the rise as banks and traditional financial institutions look to invest in cryptocurrencies. Blockchain cybersecurity company GK8 will be offering custody and tokenization […]
Ruler and Cover DeFi protocol shuts down amid mass developer desertion
DeFi insurance protocol is a procedure that protects against financial loss, owners of tokens have been promised a part of the remaining treasury funds by Ruler and Cover. In an honest open letter, “DeFi Ted,” the chief contributor to the Cover and Ruler Protocol, revealed that the protocol would be shutting down its virtual doors […]
Crypto mining demand surges in Vietnam as Bitcoin rises
The cryptocurrency mining sector in Vietnam is rebounding, according to reports, as a result of the revived crypto boom, which has seen Bitcoin (BTC) leap above $51,000 for the first time since May. A considerable increase in demand for crypto mining rigs in Vietnam has been noticed by entrepreneurs and enthusiasts involved in the cryptocurrency […]
FTX launches NFT marketplace for US-based users
FTX crypto exchange has launched a native NFT marketplace for customers in the United States, the platform will allow users to mint, buy and sell NFTs. It is also designed to capitalize on the NFTs sector’s growth over the last year. Popular cryptocurrency exchange FTX has become the latest crypto platform to announce the introduction […]