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Two American public sector pension funds have reportedly backed a new cryptocurrency industry venture capital fund with a large tranche of a combined $ 40 million investment. The deal is being hailed as a show of confidence in the field from some of the most conservative types of investment managers.
Also Read: In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt Update
The giant Norwegian “Oil Fund,” or Government Pension Fund Global, has over $ 1 trillion in assets and one of its largest single investments is in tech-behemoth Apple. The fund is the largest sovereign wealth fund in the world and consists of two wealth funds operated by the Norwegian government, the first was formed in 1967.
The post Norway’s Massive Pension Fund Loses $ 3 Billion+ on its Apple Investment appeared first on CCN
The latest rumor circulating in the investment industry is that pension funds are buying crypto. Is a multi-million dollar pension fund finally prepared to give investors exposure to cryptocurrencies? And if so, what will this mean for the burgeoning asset class?
Also Read: Morgan Creek Launches Digital Asset Index Fund for Institutional Investors
The US stock market experienced another wild roller coaster ride on December 28 after three massive buy orders roiled Wall Street in late-afternoon trading. The Dow Jones Industrial Average closed at 23,062, down 76 points from the previous day’s stunning 800-point spike. Finance blog ZeroHedge opined that institutional investors — specifically, pension funds executing year-end reallocation
The post 3 Massive Buy Orders Roil Stock Market Amid Rumored ‘Pension Buying’ Frenzy appeared first on CCN
The securities department of the US state of North Dakota has issued orders against three companies promoting initial coin offerings in the state. They are Bitconnect, Magma Foundation, and Pension Rewards. The investigations are part of Operation Cryptosweep which involves over 40 US and Canadian securities regulators.
Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
North Dakota Securities Commissioner Karen Tyler issued cease and desist orders Wednesday against three companies “promoting unregistered and potentially fraudulent securities in North Dakota in the form of initial coin offerings (ICOs),” the state’s securities department announced. The department wrote:
Russia’s FIU pension fund will use blockchain technology to integrate all of its information into a distributed registry and will prepare proposals to integrate all systems into a single platform, according to Izvestia. The fund believes it will cut costs for servicing and storing significant amounts of data. The technology will also provide more transparency
The post Russia’s Pension Fund Eyes Blockchain to Prevent Labor Abuse appeared first on CCN
Regardless of how you want to look at things, the financial sector is doing everything in its power to run itself into the ground. In the United Kingdom a new scandal has been revealed, where the largest work pension schemes prevent savers from accessing funds, and cash transfers are delayed by over three months. Something will have to change sooner or later.
Make sure to read: Mad Paws Brings Sharing Economy To Pet-Sitters – Blockchain Technology of Great Value
