
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
On Wednesday, crypto assets gained a bit in Asia reacting to news that two American public pension funds are actually investing in a crypto venture capital fund. The given move indicated support for crypto assets from conservative traders.
Morgan Creek Digital, an asset management company started a fresh $40 million crypto venture capital fund the Morgan Creek Blockchain Opportunities Fund underpinned by two pension funds in Virginia and Fairfax County. The fund is pumping funds in the cryptocurrency industry.
The news pleasantly surprised industry insiders especially considering that pension funds have always been ultra-conservative investors. Nevertheless, they dared to inject their money in digital coins, traditionally considered to be extremely volatile and unregulated.
A chief investment officer at Fairfax County Police Officers Retirement System, Katherine Molnar told that blockchain technology offers an extremely attractive asymmetric return profile.
As Bloomberg ascertains, that’s the very first investment in the crypto world from an American pension fund.
Backed by the news, key crypto assets tacked on.
Bitcoin surged by 0.47% coming up with a result of $3,637.4, still staying above a two-week maximum of $3,600. As for Ethereum, it managed to ascend by 2.20% being worth $123.42. Additionally, XRP surged by 1.36% concluding the trading session at $0.30544, while Litecoin jumped by 0.25% ending up with $44.082.
The overall crypto market capitalization jumped to $122 billion versus Monday’s outcome of $121 billion.
Besides this, the everlasting saga of Canadian crypto exchange Quadriga persisted.
Last year, Quadriga’s CEO Gerald Cotton passed away. He turned out to be the only one with access to up to CAD180 million in crypto assets belonging to 100,000 customers. The Ontario Securities Commission is currently probing this issue.
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.