UK-based pension scheme makes 3% Bitcoin allocation

November 4, 2024 Coin Telegraph

Bitcoin

Cartwright reported that an “unnamed scheme” based in the UK had made a 3% allocation of Bitcoin into its pension fund.

United Kingdom-based pension specialist Cartwright reported that an “unnamed scheme” had made a 3% allocation of Bitcoin into its pension fund.

According to a Nov. 4 notice, Cartwright reported that “after a rigorous training and due diligence process,” a UK pension scheme had chosen to make the Bitcoin (BTC) allocation, citing its “long investment time horizon.”

The firm’s head of investment implementation, Steve Robinson, said the crypto investment would help “reduce reliance on employer contribution.”

Immortal Rising 2: A Play-to-Airdrop Dark Fantasy Adventure

Crypto Twitter: A dangerous source for financial advice?

November 4, 2024 Coin Telegraph

Coin Telegraph

In its latest video, Cointelegraph explains the hidden dangers of seeking financial advice on X and highlights how influencer manipulation has cost investors millions in the crypto market.

In the latest Cointelegraph video, we dive into the hidden dangers of seeking financial advice on X, formerly known as Twitter. While the platform serves as the heart of the crypto community, it also hosts rampant market manipulation and scams.

Through interviews with top crypto influencers and industry experts, the video examines how some high-profile accounts use their reach to influence prices in “pump-and-dump” schemes.

These influencers hype certain tokens, driving up prices to sell at a peak, often leaving regular investors holding near-worthless assets.

Immortal Rising 2: A Play-to-Airdrop Dark Fantasy Adventure

Michigan pension fund maintains Bitcoin ETF investment, adds Ether ETFs

November 4, 2024 Coin Telegraph

bitcoin etf

The value of the ARK 21Shares Bitcoin ETF shares held by the state’s pension fund increased by roughly $1 million since being reported.

The State of Michigan Retirement System has added exposure to Ether exchange-traded funds (ETFs), according to a United States Securities and Exchange Commission (SEC) filing.

In a Nov. 4 SEC filing, Michigan’s state pension fund disclosed holding 460,000 shares of the Grayscale Ethereum Trust and 460,000 shares of the asset manager’s Ethereum Mini Trust. The investment, reporting for Sept. 30, added to the fund’s previously disclosed exposure to the ARK 21Shares Bitcoin ETF.

At the time of publication, the total value of the Bitcoin (BTC) and Ether (ETH) investments was roughly $18 million if Michigan maintained its holdings. The value of the 110,000 shares of the ARK 21Shares Bitcoin ETF held by the pension fund increased by roughly $1 million since being reported on June 30.

Immortal Rising 2: A Play-to-Airdrop Dark Fantasy Adventure

7 favorite words and phrases used by crypto shillers

November 3, 2024 Coin Telegraph

Coin Telegraph

What crypto shillers say and what they mean aren’t always the same thing.

Crypto X, Telegram and Reddit are crawling with crypto shillers, promising huge returns and outsized gains.

For the uninitiated, what the shiller means is not always clear and transparent. For that reason, Cointelegraph has put together a simple guide of some of the most common terms in the crypto industry.

Here we cover some of the favorite phrases of the crypto shiller, demystifying their cryptic turns of phrase into language anyone can understand.

Immortal Rising 2: A Play-to-Airdrop Dark Fantasy Adventure

Florida Owns $800,000,000 in Crypto Investments and Wants To Accumulate More, Says State CFO

November 1, 2024 The Daily Hodl

crypto

The government of Florida already owns $800 million worth of crypto-related investments and could soon hold more, according to Jimmy Patronis, the state’s chief financial officer (CFO). Patronis says in a new interview with CNBC that he “would not be shocked” to see that number grow if former President Donald Trump wins the presidential election […]

The post Florida Owns $800,000,000 in Crypto Investments and Wants To Accumulate More, Says State CFO appeared first on The Daily Hodl.

Immortal Rising 2: A Play-to-Airdrop Dark Fantasy Adventure

Institutional investments in Solana blockchain DApps up 54% in Q3

November 1, 2024 Coin Telegraph

Coin Telegraph

Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report.

Update Nov. 1, 2:29 pm UTC: This article has been updated to include quotes from Messari Protocol Services.

Institutional investments in Solana-native blockchain applications have seen a resurgence in the third quarter of 2024.

During the third quarter, 29 Solana-based decentralized applications (DApps) raised a cumulative $173 million, marking a more than 54% increase compared to the previous quarter.

Immortal Rising 2: A Play-to-Airdrop Dark Fantasy Adventure

Thailand crypto market is shifting away from retail: Binance Thailand CEO

October 25, 2024 Coin Telegraph

Binance TH

Thailand is shifting focus to a more mature institutional-focused crypto market, according to the chief executive of Binance Thailand.

Thailand’s digital assets market is undergoing a transition from retail to institutional as the country aims to become Southeast Asia’s fintech hub, the CEO of Binance Thailand said.

A recent regulatory move by Thailand’s Securities and Exchange Commission is a “vital step in the maturation of Thailand’s cryptocurrency landscape,” Binance Thailand CEO Nirun Fuwattananukul wrote in an opinion piece for the Bangkok Post on Oct. 25.

On Oct. 9, the Thai securities regulator proposed rules that would allow institutional-grade mutual and private funds to invest in crypto products such as United States-based spot crypto exchange-traded funds (ETFs).

Immortal Rising 2: A Play-to-Airdrop Dark Fantasy Adventure

Memecoin search interest and market performance steals spotlight from Bitcoin

October 24, 2024 Coin Telegraph

Adoption

Memecoins have surged in popularity, outpacing Bitcoin in both search interest and market gains, but how long the trend will last is unclear.

Memecoins are dominating the news cycle over their significant volatility and growing influence in the crypto ecosystem.

Memecoin search interest has been rising, while search volume for the term “Bitcoin” on Google has dropped to one-year lows. On a scale of 0 to 100, “Bitcoin” is currently at 33, while search volumes for “memecoin” are at 77.

Google Trends uses an index-like approach to represent search volume and not exact figures. Carlos Guzman, research analyst at cryptocurrency market maker GSR, told Cointelegraph this means volume is shown on a relative basis “where the index value is the highest search volume reached in the period selected.”

Immortal Rising 2: A Play-to-Airdrop Dark Fantasy Adventure

Crypto founders should stop chasing narratives and start creating them

October 20, 2024 Coin Telegraph

Bitcoin Price

Founders and entrepreneurs need to stick to their guns if they want to make a difference in the industry.

People have always told stories to make sense of the world. Life is complicated, and we develop narratives to help explain it. And while the crypto sector is built around breakthrough innovations and farsighted vision, it is no less prone to narrative-building than any other sphere of human activity.

Trends appear and recede. Zero-knowledge proofs, staking and parallel execution have all trended at various points, only to be overtaken by the next hot thing.

It is natural for people to follow narratives in an attempt to “ride the wave.” Founders of early-stage projects are no different, often trying to steer their vision toward ideas that can garner outsize attention and funding.

Immortal Rising 2: A Play-to-Airdrop Dark Fantasy Adventure

$556M in spot Bitcoin ETF inflows signals major shift in investor sentiment

October 20, 2024 Coin Telegraph

Bitcoin

Bitcoin ETFs see record daily inflows as institutional investors drive adoption and BTC’s ongoing price surge.

Spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed their most significant single-day inflows in over 120 days on Oct. 14.

With more than half a billion dollars pouring into the funds, Bitcoin’s (BTC) price topped $67,800 — its highest in more than three months.

ETF Store president Nate Geraci described the event as a landmark day for spot BTC ETFs, noting that they were approaching $20 billion in net inflows over the previous 10 months.

Investments

Share this video