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 […]
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 […]
NFL allegedly bans teams from crypto advertisements and NFTS sales
Since the NFL has yet to develop a strategy for “sports digital trading cards and art,” bitcoin and non-fiat currencies have been prohibited, according to reports. The National Football League (NFL) of the United States has reportedly prohibited all clubs and members from participating in cryptocurrency-related sponsorships and promotions, as well as nonfungible token (NFT) […]
Supply shock valuation model shows Bitcoin could cost at least $55k
According to one criterion used to measure Bitcoin’s so-called “supply shock,” each coin should be worth at least $55,000. Willy Woo, a cryptocurrency analyst, highlighted what he described as a “conservative” pricing prediction for bitcoin to US dollar in a tweet on September 5. As measures catch up with bitcoin, the price of bitcoin falls. […]