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 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
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