Crypto and pension funds: Like oil and water, or maybe not?
Pension funds, the most cautious of institutional investors, are now giving the booming crypto and blockchain sector a closer look. There are good reasons why pension funds should not invest in the crypto and blockchain space. The industry is too new, too volatile, and stultifyingly technical. Moreover, the rules and regulations to govern the sector have yet to be settled. But the fixed-income financial instruments that pension funds typically favor — like long-term government bonds — are scarcely paying anything these days, so the traditional caretakers of employees’ retirement funds have....
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The Nasdaq-listed cryptocurrency exchange Coinbase has revealed record growth in its institutional business. “This year, interest from pension funds and hedge funds has skyrocketed, supported by the roll-out of crypto-ETPs as well as an increased understanding of the crypto economy,” said Coinbase. Coinbase Sees Interest From Institutional Investors Skyrocketing Cryptocurrency exchange Coinbase (Nasdaq: COIN) reportedly revealed Tuesday that between Dec. 31 last year and the end of the first quarter this year, its institutional holdings grew 170% from $45 billion to $122....
The Worldcoin community has become a project sponsor for The Water Project. Less than a week after the Dogecoin community made headlines for donating $30,000 worth of dogecoins to the Jamaican bobsled team, the Worldcoin Foundation has decided to throw their hat into the crypto-charity ring. The foundation is creating the Worldcoin Initiative, which is said to be a series of relief efforts in various parts of the world. The first project in this new initiative is the Worldcoin Well, which was able to collect over 30,000 worldcoins in a single day. Sponsoring a Water Project. Worldcoin....
How can you put your Bitcoin to good use? In so many ways! One opportunity that you have to consider today is donating to the BitGive Foundation's Water Project Campaign. The Water Project recently began accepting Bitcoin and focuses on delivering clean water to Sub Saharan Africa. As a 501(c)(3) organization, the Water Project seeks to build a foundation in communities in need of a sustainable water supply. You can be apart of this project. Most of us simply take our running faucets and clean water for granted, but many do not have access to clean drinking water. I agree with the Water....
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.....
The Clean Water Coin Initiative is the first ever coin designed and developed to be a nonprofit organization. What does that mean? We are a registered Nonprofit Organization and we’ve created a Crypto Charity and coin that lets a community actively participate in helping provide clean water. To do that we've teamed up with CharityWater.org so that we can create campaigns and raise funds for clean water projects. Also, the community can easily track exactly how we are doing by visiting our campaign page. Cointelegraph.com sat down with the founder of Clean Water Coin, Zach Mettra, to....