Daily Archives: 13/09/2021

American pension funds will invest $ 50 million in bitcoin

Two pension funds from the US state of Virginia have submitted applications to the regulator for approval of investments in the main fund Parataxis Capital Management, which directly buys cryptocurrencies. The Fairfax Police Pension Fund and the Fairfax Civil Servants Pension Fund have previously invested in the cryptocurrency industry through Morgan Creek funds. However, most of the fund’s funds are invested in companies operating in the blockchain and cryptocurrency industries. The Parataxis Fund, on the…

Financial Times: $ 2.6 Billion Crypto Assets Will Be Destroyed Due to South Korean Exchanges Closure

According to industry experts, the closure of most of the small exchanges in South Korea due to the new regulation could lead to the destruction of forty-two “Kimchi cryptoassets.” According to the Financial Times, $ 2.6 billion worth of crypto assets could be destroyed after the September 24 deadline for registering cryptocurrency exchanges in South Korea. On March 25, 2021, amendments to the Financial Institutions Reporting Act (FTRA) came into force, which require exchanges to…