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$2.2 Trillion Asset Manager Pimco Looking to Trade Cryptocurrencies, CIO Says


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...

Investment Heavyweights PIMCO and Peter Thiel Hopeful on Bitcoin, Crypto


The major asset management firm PIMCO has said it plans to increase its exposure to digital assets as part of its “trend-following strategies or quant-oriented strategies.” Meanwhile, another investment industry heavyweight, venture capitalist Peter Thiel, says that he sees the current bitcoin...

Billionaire Paul Tudor Jones Now Prefers Crypto Over Gold as Inflation Hedge


Billionaire hedge fund manager Paul Tudor Jones says that bitcoin is currently “winning the race against gold.” He added that the cryptocurrency is his preferred inflation hedge over gold. Paul Tudor Jones Chooses Bitcoin Over Gold Paul Tudor Jones, the founder of asset management...

Gary Gensler Explains Why SEC Approves a Bitcoin Futures ETF


SEC Chairman Gary Gensler has shared why the U.S. Securities and Exchange Commission (SEC) decided to approve a bitcoin futures exchange-traded fund (ETF) to trade on the NYSE. Meanwhile, the Commission has not approved a spot bitcoin ETF. Why SEC Approves Bitcoin Futures ETF As the first...

Brazilian Asset Manager Kinea Makes Exploratory Investment in Ethereum


One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea, who stated the company had invested a small amount of its holdings in ethereum starting two months ago....

National Police in Spain Warn of Surge in Cryptocurrency-Related Scams


The National Police have issued a warning for a wave of cryptocurrency-related investment scams in Spain. The amount that has been lost in these kinds of investments recently is €240,000 related to just two complaints. However, there has been a rise in the complaints presented by citizens...

Cardano Subsidiary Emurgo in Partnership With Pan-African Venture Studio


Emurgo, the investment arm of Cardano, has partnered one of its subsidiaries with Adanian Labs, a pan-African venture studio that is focused on building a platform where African tech start-ups can thrive and access all key resources that allow them to grow sustainably. Financial and Educational...

Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance Minister


Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies....

Morgan Stanley CEO Says Bitcoin Is Not a Fad, Crypto Is Not Going Away


The chief executive officer of global investment bank Morgan Stanley says that cryptocurrency, including bitcoin, is not a fad. Noting that they are not going to go away, he said: “We’re watchful of it, we’re respectful, and we’ll wait and see how the regulators handle...

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