Cryptocurrency & Financial Markets News & Stats 26th Nov 2021
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Cryptocurrency & Financial Market News & Stats 26th Nov 2021 Today I talk about: 1. Covid in South Africa - a new strain 2. Fiat market sell off due to...
show moreMarket News & Stats
26th Nov 2021
Today I talk about:
1. Covid in South Africa - a new strain
2. Fiat market sell off due to Covid strain
3. I am still bullish specific Cryptocurrency Assets
4. Huge funds coming into the market
6. Cryptocurrencies are cheap - fiat markets are very expensive
7. QIC coming to the market this is huge people - Crypto Daily covered yet another fund, Queensland Investment Corporation, which was reported to be considering some exposure to crypto. However, the company denied the report, saying that it “incorrectly implied” that it would be exposing its clients to crypto. https://cryptodaily.co.uk/2021/10/australia-largest-pension-funds-queensland-investment-corporation-confirms-they-are-looking-into-crypto
8. This is huge too. https://cryptodaily.co.uk/2021/11/66-billion-ozzy-pension-fund-looking-to-invest-in-crypto
The CEO of Rest Super, an Australian pension fund with $66 billion in assets, said at an annual general meeting yesterday that the company was looking to invest in crypto, and soon.The statement will have sent shock waves through both the crypto and the pensions sectors as this is the first Australian superannuation fund to be looking into adding crypto to its portfolio.
In an article on Business Insider Australia, the move is seen as one that could start a wave of institutional investment into crypto down under. Where Rest Super invests, many more will follow. Andrew Lill, the CEO of Rest Super, revealed the news to shareholders on Tuesday at an annual general meeting, and he stated that a small portion of the fund would be invested into crypto. He said:
It’s still a very volatile investment, so any allocation exposure we make to cryptocurrencies is likely to be part of our diversified portfolio as initially a fairly small allocation that may, over time, build,” He added “We see it as a very interesting and important part of our portfolio going forward into the future.”
9. https://www.cryptonewsz.com/university-of-melbourne-and-algorand-foundation-to-build-blockchain-courses/
A new association between the University of Melbourne and the Algorand foundation has been declared. This will pave the way for the facilitation of world-class education on cryptocurrency and blockchain technology courses.
Coming together is a part of the larger plan of the Algorand foundation to make students aware of the enormous potential of blockchain technology and encourage them to make careers in this lucrative field. This is part of the 250M Algo Grant Program that has been announced by the foundation as one of the support functions for the cryptocurrency and blockchain domain.
10.https://coincheckup.com/blog/pantera-capitals-600-million-haul-to-be-used-for-new-crypto-fund/
Pantera Capital, a prominent cryptocurrency investment firm has raised $600 million for its new crypto-asset funds during its latest financing round, according to a tech news outlet The Information.
11. https://www.finextra.com/newsarticle/39285/japanese-banks-to-test-digital-currency/cards
12.https://cointelegraph.com/news/commonwealth-bank-of-australia-recognizes-risks-in-missing-out-on-crypto
“We see risks in participating, but we see bigger risks in not participating. It’s important to say that we don’t have a view on the asset price itself we see it as a very volatile and speculative asset, but we also don’t think that the sector and the technology is going away anytime soon.”
13.inflation https://www.cnbc.com/2021/11/24/not-since-americans-came-home-from-world-war-ii-has-inflation-run-through-the-economy-like-it-is-now.html
14. https://cointelegraph.com/news/bitcoin-hits-new-all-time-high-in-turkey-as-fiat-currency-lira-goes-into-freefall
15. https://www.coinspeaker.com/turkish-lira-new-lows-interest-cut/
The Turkish lira continued its drop to unprecedented levels against the dollar on Tuesday. The currency hit an all-time low of 12.49 to the dollar. This amounts to a 20% loss in value since last week alone.
16. Fidelity, UBS, and State Street Global Advisors confirmed that they are looking at potentially offering clients exposure to cryptocurrencies through crypto funds. Popularity of crypto funds sparks growing interest from managers | Financial Times (ft.com)https://www.ft.com/content/6b8fe379-e96f-483a-9842-5ed9a09b6903
17. https://cryptobriefing.com/stripe-says-its-considering-bringing-back-crypto-payments/
18. the Republic of Palau and Ripple partnership will focus on the improvement of strategies for cross-border payments along with a USD-backed digital currency for the country. Besides, Palau is searching for some other use cases through the XRP Ledger (XRPL) and much more
Information
Author | Susie Crew Crypto Granny |
Organization | Susie Crew Crypto Granny |
Website | - |
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