Virginia Fairfax County Pours $70 Million Into Crypto Lending As Investment
The crypto winter brought more devastating impacts on some crypto lending platforms. There was a lot of battling by most lending firms to evade liquidation. Their turbulent waves created distrust, loss of hope, and funds for many investors. In the history of the crypto lending space, instability and quaking are connected to the collapse of […]
Related News
Fairfax County continues its cryptocurrency investment endeavors through VanEck crypto lending fund, exploring the world of yield farming through the asset manager. Virginia county Fairfax has begun investing a portion of a $35 million allotment into a cryptocurrency lending fund managed by global asset managers VanEck.The firm announced that it had received an initial tranche of the investment commitment from Fairfax County, which is allocating funds from two retirement systems into a variety of cryptocurrency-focused investment avenues.Fairfax County had previously hinted at delving into....
Fairfax County continues to invest public retirement funds in the cryptocurrency space, highlighting the 'short-term nature' of yield farming as an appealing portfolio diversifier. Virginia’s Fairfax County continues to be a prominent public institutional investor in the cryptocurrency space and is set to diversify its portfolio with a move into yield farming.As previously reported, global asset managers VanEck announced that the Fairfax employees’ and police retirement systems will invest $35 million into the firm’s crypto lending fund. It’s the latest investment move by the two....
The next few days will see a decision made, which if approved would be the first time pension fund money was used in decentralized finance. The Northern Virginia county of Fairfax has already invested a part of its pension funds in crypto and blockchain startups. Now, it's mulling over deeper involvement with decentralized finance (DeFi) yield farming.The Fairfax County Police Pension System's chief investment officer Katherine Molnar said on Tuesday at the Milken Institute Global Conference that the system aims to fund two new crypto-focused hedge fund managers in the next three weeks.....
FEC Says Yes, and USA Today Celebrates With a Logo Change. The USA Today, the second largest newspaper in the United States celebrated the news that Bitcoin is now approved for political campaign contributions by adding a Bitcoin to its own logo. Not only was the logo from the online edition changed but so too was the logo of the paper edition which is the widest circulated print newspaper in the United States. Currently distributed in all fifty states, The USA Today distributes papers to the District of Columbia, Puerto Rico, Guam, Canada and the United Kingdom. The newspaper has its....
Virginia's first Bitcoin ATM! Today, the first Bitcoin ATM in Virginia launched. The ATM is owned by BlockBox, a company which provides Bitcoin services. According to Coin ATM Radar, the ATM converts fiat to bitcoin, with a 4% fee. The ATM is in Sterling Mower, a mower company, located at 22005 Shaw Rd, Sterling, VA 20164. With this ATM, Virginia joins the club of states in America to have a Bitcoin ATM. Less than two weeks ago, Pennsylvania got its first ATM. Virginia's ATM is a Lamassu machine, so it is small compared to most other Bitcoin ATMs. In images, it is resting on top of a stool....