finance

Multi-Billion Dollar Hedge Fund Goldentree Is Reportedly Adding Bitcoin to Its Balance Sheet

<div class=”featured_image_container”> </div> <strong>The hedge fund Goldentree, a firm with $41 billion in assets under management (AUM) has reportedly added the leading crypto asset bitcoin to its balance sheet. Unnamed sources detail that the American asset management firm leveraged bitcoin to diversify from traditional debt investment strategies. The wealth management firm allegedly has been looking …

Multi-Billion Dollar Hedge Fund Goldentree Is Reportedly Adding Bitcoin to Its Balance Sheet Read More »

Big Investors Are Pushing up Valuations of Crypto Firms

<div class=”featured_image_container”> </div> <strong>Venture capital firms and large investors are driving up the prices of crypto startups. Boutique investment firms and family offices are being elbowed out by big venture capital firms, private equity funds, and even some pension funds.</strong> VC Firms Driving Up Prices of Crypto Startups Cryptocurrency firms are seeing high valuations due …

Big Investors Are Pushing up Valuations of Crypto Firms Read More »

Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar

<div class=”featured_image_container”> </div> <strong>Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic applications. </strong> US Fed’s Lael …

Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar Read More »

Automated Investment Service Firm Wealthfront Adds Support for Grayscale’s BTC, ETH Trusts

<div class=”featured_image_container”> </div> <strong>On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers investments in the Grayscale Ethereum Trust (ETHE) and the Grayscale …

Automated Investment Service Firm Wealthfront Adds Support for Grayscale’s BTC, ETH Trusts Read More »

Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round

<div class=”featured_image_container”> </div> <strong>Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding round that started last April. These institutions were listed as “strategic investors,” but the amounts of their contributions were not disclosed. Paxos has now raised more than …

Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round Read More »

Digital Yuan to Promote International Use of Chinese Currency, Experts Say

<div class=”featured_image_container”> </div> <strong>The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct cross-border tests with the yuan’s digitized version, the …

Digital Yuan to Promote International Use of Chinese Currency, Experts Say Read More »

Bitcoin Rewards Firm Lolli Raises $10M in Funding Led by Acrew Capital, Social Media Moguls

<div class=”featured_image_container”> </div> <strong>The bitcoin rewards platform Lolli has announced the company has closed a $10 million Series A funding round on Wednesday. Lolli says the new financing will help the firm expand, hire and develop new partnerships. </strong> Lolli Raises $10 Million The New York-based Lolli has raised $10 million from investors, according to …

Bitcoin Rewards Firm Lolli Raises $10M in Funding Led by Acrew Capital, Social Media Moguls Read More »

Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges

<div class=”featured_image_container”> </div> <strong>Ripple has launched its first On-Demand Liquidity (ODL) service implementation in Japan in partnership with SBI Remit, a large Japanese money transfer provider, and Philippine crypto exchange Coins.ph.</strong> Ripple, SBI, Coins.ph Collaborate to Launch Ripplenet’s On-Demand Liquidity Ripple Labs announced Wednesday “the launch of Ripplenet’s first live On-Demand Liquidity (ODL) service implementation …

Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges Read More »

Mark Zuckerberg says video accounts for almost half the time spent on Facebook

Facebook users are spending a lot more time watching video, and short-form video like Instagram Reels is growing fast. Speaking during the company’s second-quarter earnings call, CEO Mark Zuckerberg said that “video now accounts for almost half of all time spent on Facebook.” And on Instagram, TikTok competitor Reels is the “largest contributor to engagement …

Mark Zuckerberg says video accounts for almost half the time spent on Facebook Read More »

Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market

<div class=”featured_image_container”> </div> <strong>The Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate. Instead of providing forex to retail users, BDCs are believed to be supplying the scarce resource to …

Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market Read More »