Hedge funds are likely to significantly increase their crypto holdings, a global poll of chief financial officers has indicated. According to an average figure based on their forecasts, the funds will keep more than 7% of assets in cryptocurrency within the next five years. Hedge Fund CFOs Expect Sizable Increase in Crypto Investments The survey, […]
CUHK Pairs with ConsenSys To Launch Blockchain-based Covid Digital Health Passport
The Chinese University of Hong Kong and an Ethereum technology company-ConsenSys have launched a blockchain solution-based digital health passport for trial to record all Covid-19 related activities. (Read More)
Survey: Crypto Will Represent 7% of Hedge Funds Assets By 2026 as Institutional Interest Soars
A survey of 100 hedge fund Chief Financial Officers (CFOs) forecasts that hedge funds all around the world will be holding 7.2% of their assets in crypto within 5 years. The results reflect an increasing vote of confidence in cryptocurrencies despite the increasing regulatory pressure and volatility the industry has experienced over the past months. […]
XP Network to Develop Elrond-Polkadot Bridge to Build NFT dApps
If you want to construct a non-fungible token decentralized application (NFT dApps) on numerous chains, there is good news. A new platform under development by XP Network has a unique design that enables anyone to do so. This permits applications to be created by using a no-code graphical interface that can be easily fielded or […]
Crypto miners eye cheap power in Texas, but fears aired over impact on the grid
Miners dislocated by China’s crackdown are looking to Texas for cheap electricity, but the state’s grid is already on the brink of disaster amid a sweltering summer. The recent crackdown on crypto mining in China has seen concerns expressed over the potential impact a hashrate migration could have on Texas’ unreliable electricity market, as an […]
98% of CFOs say their hedge fund will invest in Bitcoin by 2026: Study
The survey results coincide with U.S. inflation climbing to the highest levels since 1992. Traditional hedge funds are willing to increase their exposure in Bitcoin and other cryptocurrency markets over the next five years, a new survey has found. Intertrust Global — an international trust and corporate management company — polled the chief financial officers […]
Kim Kardashian is shilling ‘EthereumMax,’ but the SEC probably won’t be impressed
Celebrity influencer Kim Kardashian shared her hot “not investment advice” story on Instagram, tipping her followers to check out ‘EthereumMax.’ Kardashian’s online and social media presence is not to be underestimated, judging by her fan base that counts 228 million followers on Instagram, 69 million followers on Twitter, and 33 million followers on Facebook. Hashtag […]
Steve Hanke warns BTC could ‘completely collapse the economy’ of El Salvador
Steve Hanke slammed El Salvador’s Bitcoin adoption as legal tender, and questioned how Bitcoin would function in day-to-day transactions. Steve Hanke, a professor of applied economics at Johns Hopkins University, has warned that El Salvador’s recent adoption of Bitcoin (BTC) as legal tender has the potential to “completely collapse the economy.” Steve Hanke served as […]
Michael Saylor is not just a Bitcoin maximalist: ‘There’s a place for everybody’
The MicroStrategy CEO sees Ethereum as a serious competitor to the financial industry. MicroStrategy chief Michael Saylor has room in his heart for other cryptocurrencies aside from Bitcoin, the billionaire revealed on an episode of CNBC’s Fast Money, in which he aired his views on the industry and where he sees things going in the […]
Porsche Enters NFT Market Launching Trading Card Platform Fanzone
Porsche, the German carmaker, is diversifying to digital markets through the launch of Fanzone, an NFT-based trading card market. Fanzone, built by Forward31, a Porsche company builder, seeks to capitalize on classic trading card demand. At the same time, Fanzone tries to combine this classical market with the NFT craze to offer digital products. Porsche […]