Cryptocurrency Analysis and News Portal
The National Pension Service (NPS), a public pension in South Korea and one of the world’s largest pension funds, bought just over 280,000 shares of the global cryptocurrency exchange Coinbase in the third quarter of this year, an investment that has gained 39% in value since the purchase.The NPS acquired
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South Korean pension fund, National Pension Service (NPS), bought nearly $20 million worth of Coinbase (COIN) shares in the third quarter, local outlet News1 reported, citing the NPS’ latest stock holding report to the U.S. Securities and Exchange Commission (SEC). Source
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As many as 96% of the surveyed investors working for pension funds, wealth managers, family offices, hedge funds and investment funds see digital assets as representing an investment diversification opportunity alongside traditional asset classes such as fixed income, cash, equities and commodities, the survey found. They said they were prepared
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The $190 billion Canadian pension fund is "still working through what exactly happened there," according to its CEO. Source
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The Onatario Teachers’ Pension Plan has decided to steer its investment away from cryptocurrencies. The decision comes after the OTPP — which manages over $190 billion in assets — lost the entirety of its $95 million investment in crypto exchange FTX after it went bust in November 2022.OTPP was one of
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"To help protect Canadians’ retirements, Budget 2023 announces that the government will require federally regulated pension funds to disclose their crypto-asset exposures to OSFI," the government said in the new 2023 budget plan. The federal government will also work with provinces and territories to discuss crypto-asset or related activities disclosures
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Private Swedish pension fund Alecta has sold its shares in First Republic Bank, the American bank struggling to stay afloat after a serious drop in share value, a bank spokesperson announced March 21. Alecta was the bank’s fifth-largest shareholder.Alecta took a loss in the deal after losing funds in the
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Parataxis was able to avoid exposure to FTX's collapse due to its policy of not trading on offshore exchanges, said Chin, and didn’t face a rush of redemptions from investors. Though crypto is obviously in a bear market, the atmosphere is different from the previous one, Chin said, when the
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While the Japanese government’s pension fund, the largest in the world posted its losses, there are a number of global business outfits that are recording similar losses.As the global economy continues to fight for resilience, the world’s largest pension fund, the Japanese Government Pension Investment Fund (GPIF) has recorded another
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The White House released a statement on Jan. 27 that provided the United States President Joe Biden administration a roadmap for mitigating risks associated with cryptocurrencies. Much of the document was addressed to the U.S. Congress with the administration’s legislative guidance.The authors of the statement outlined a two-pronged path forward.
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