Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds, public and private pension funds, financial and non-financial corporations, foundations, and endowments. Pimco Getting Into Crypto Pimco’s chief investment…
Tesla is currently holding bitcoin worth $1.26 billion on its balance sheet, the company’s third-quarter earnings report shows. The electric car company reported a bitcoin-related impairment of $51 million in the quarter. Meanwhile, CEO Elon Musk tweeted a meme showing the price of bitcoin at $69K and ether at $4.2K. Tesla Continues to Hold Bitcoin…
The $5.5 billion pension fund for the U.S. city of Houston’s firefighters has announced an investment in bitcoin and ether. “This investment marks the first announced investment in digital assets by a public pension plan in the U.S.” ‘A Watershed Moment for Bitcoin and Its Place in Public Pensions’ The Houston Firefighters’ Relief and Retirement…
MCO2 is a carbon credit token traded by Moss.Earth. One MCO2 token is equivalent to one carbon credit. It is now possible to find this asset available on the largest exchanges on the planet, such as Gemini. The token goes through several processes to guarantee the security and reliability of the product. MCO2 Is the…
On October 20, the iconic rap star Snoop Dogg announced he’s participating in a non-fungible token (NFT) sitcom with the popular basketball team the Harlem Globetrotters. According to the announcement, the NFT drop is part of a campaign featuring a limited edition Snoop Dogg and Globetrotters NFT collection. NFT Whale Snoop Dogg Partners With the…
A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of its own crypto firms. Senate…
