Dan Morehead, founder and CEO of Pantera Capital, reportedly said the hedge fund was planning to raise $1.25 billion for a second blockchain fund. According to a Sept. 28 Bloomberg report, Morehead said Pantera aimed to close the blockchain fund by May. The fund will reportedly invest in digital tokens and equity in an effort to appeal to institutional investors. “We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years,” said the Pantera CEO, according…
Month: September 2022
Why Is the Dollar Crushing Global Currencies if Inflation Is so Bad?
Meanwhile, what’s directly hammering dollar exchange rates is a more technical second-order impact of rising prices in the U.S. As Jerome Powell and the Federal Reserve raise interest rates to fight domestic inflation, American dollars and Treasury instruments become far more attractive investments. That’s part of why U.S. stocks are dropping, and the same dynamic is encouraging investors worldwide to swap from yen, euros, pounds and yuan into dollars to reap the 4% low-risk yield on the two-year Treasury bond. Source
CryptoCompare, Blockdaemon Release Staking Yield Indexes
The Staking Yield Index Family will help investors create more informed investment strategies, according to the companies. Source
Sam Bankman-Fried Eyes On Bidding For Celsius Assets
Celsius Network is a cryptocurrency lending firm headquartered in New Jersey. Though it maintained its offices in four countries, the company’s operation was global. Celsius allowed users to deposit different crypto assets while offering a percentage yield as a reward. Also, customers could get loans from the platform through a pledge of some digital assets as securities. Many crypto-related firms were affected during the severe crypto winter in the first half of 2022. The collapse of the algorithmic stablecoin Terra and its ecosystem magnified the crisis in the crypto space.…
EU Set to Ban Russian Crypto Payments After ‘Sham’ Referenda
“The sham referenda organized in the territories that Russia occupied are an illegal attempt to grab land and to change international borders by force,” European Commission president Ursula von der Leyen told reporters today, following votes held over the last five days in Donetsk, Luhansk, Kherson and Zaporizhzhia. Source
QNT Hits 6-Month High, ATOM Falls to 20-Day Low – Market Updates Bitcoin News
While crypto markets were mostly lower on Wednesday, quant rallied to a six-month high earlier in the day. Today’s move came as the token broke out of a key resistance level, en route to its strongest point since March. Cosmos was another notable mover, dropping for a second straight session. Quant (QNT) Quant (QNT) rose to a six-month high on Wednesday, despite crypto markets mostly hovering in the red. Following a low of $122.08 on Tuesday, QNT/USD rallied to a hump-day high of $143.26 earlier in the day. The move…
Blockchain-Powered Reinsurer Re Raises $14 Million Seed Round to Build Decentralized Market
The company sees its protocol as providing collective backing of insurance policies in a similar way to the Lloyd’s of London market. Source link
El Problema con Coinbase…
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Tron Founder Justin Sun Thinks Crypto Could Learn Something From TradFi
“We want our 100 million customers to know that we really take their money and their data seriously,” he said in an interview with CoinDesk. Source
Cointelegraph Store introduces Halloween Crypto Monsters merch
From all-time highs to massive price dips, the crypto market can be tricky to navigate, which is why traders need cool merchandise that can get them all the treats this Halloween. Cointelegraph is here to assist and has dropped a Halloween collection to help hodlers express their belief in the industry’s bright future when it’s time to go trick-or-treating. Inspired by blockchain, proof-of-stake and the crypto community’s popular “to the moon” catchphrase, the Cointelegraph Store created a new collection to celebrate this year’s Halloween. The Crypto Monsters Halloween Collection features t-shirts, hoodies…