UK Investment Giant Abrdn Joins Hedera Governing Council to Advance Tokenization Goals
U.K. asset management firm Abrdn (ABDN) has joined the Hedera Governing Council to continue its exploration of tokenizing traditional assets. Source
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Investment
Stablecoin Issuer MakerDAO Allocates $500M for Treasuries, Corporate Bond Investment
The "strategic investment" will be converted from its overcollateralized stablecoin, with 80% going towards U.S. short term Treasuries and the remaining 20% to investment grade corporate bonds. MakerDAO's community voted in favor of the allocation proposal, which was presented in late June. Original Source
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Asset Management Giant GoldenTree Discloses $5.2M Investment in SushiSwap
The firm has been ratcheting up its commitment to crypto for more than a year. In July 2021, the company added an undisclosed amount of bitcoin to its balance sheet, and earlier this year, it introduced its new digital investment strategy, including GoldenChain and a team of what it
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Cathie Wood’s ARK Invest to offer crypto strategies to investment advisors
Cathie Wood's investment firm, ARK Investment, is making its two actively managed crypto strategies available to registered investment advisors. The strategies will be available as separately managed accounts (SMAs) through a collaboration with the digital asset platform Eaglebrook, the companies announced on Oct. 3. The ARK Cryptocurrency Strategy aims to capitalize on
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Bitcoin Investment Firm NYDIG's CEO Robert Gutmann Departs
Bitcoin investment company NYDIG has promoted executives Tejas Shah and Nate Conrad to be its new CEO and president respectively. Source
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XDC Accelerates Network Expansion With LDA’s $50 M Investment
XinFin (XDC) Network, known for secure, scalable, and highly efficient blockchain use cases have received an investment worth $50 million from the
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The ideal long-term cryptocurrency investment?
As the cryptocurrency market matures, more governments throughout the world introduce legislation to tax proceeds from crypto-related activities, with traders often triggering taxable events that can lead to future complications.Avoiding paying taxes is illegal, but there are legal ways to dodge triggering taxable events while hodling onto one’s cryptocurrency holdings:
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Better Business Bureau Warns of Cryptocurrency Investment Scams on Tiktok – Featured Bitcoin News
The Better Business Bureau (BBB) has warned about cryptocurrency scams on Tiktok. “You are scrolling through Tiktok when you come across a video showing a pile of cash. The creator says they earned the stack of money in just a few days by investing in cryptocurrency,” the BBB detailed. Crypto Scammers
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GRNGrid secures 50 million USD investment Commitment from GEM Digital – Blockchain News, Opinion, TV and Jobs
The GRN Association, a Swiss-based NPO (non-profit organization), announced today that it has secured an investment totaling $50M for the GRNGrid project from GEM Digital Limited,
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Sustainable Blockchain GRNGrid Gets $50M From Investment Firm GEM Digital
Sustainable blockchain GRNGrid, which allows users to use nodes running on renewable energy for transactions, announced a $50 million investment commitment from digital asset investment firm GEM Digital. The funding will go toward connecting with top crypto exchanges, new partnerships and building out the blockchain technology, according to the press
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