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Nalezeno "cryptocurrency fund": 35

Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution


Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about...

Bank of America Survey: 74% of Fund Managers See Bitcoin as a Bubble


The most recent Bank of America Fund Manager Survey shows that about three out of four professional investors think that bitcoin is a bubble. The fund managers also rated bitcoin second on the list of the most crowded trades. Recently, investment bank JPMorgan also warned that cryptocurrency as...

Unicef Funding Startups With Cryptocurrency for Covid-19 Relief


The United Nations Children’s Fund (Unicef) has announced its largest cryptocurrency investment funding of startups. Eight companies in seven countries will use Unicef’s crypto fund to develop prototypes, pilot, or scale their technologies. Several of them are working on mitigating...

G20 Informed Stablecoins Could Pose Financial Stability Risk


The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges. Also read: Unicef...

United Nations Agency Unicef Launches Cryptocurrency Fund


Unicef announced Wednesday that it has launched a cryptocurrency fund and become the first United Nations organization to hold onto its crypto donations. Without converting them into fiat, the fund will hold two cryptocurrencies and disburse them to support projects benefiting children worldwide....

UNICEF Announces Cryptocurrency Fund to Support Children and Young People


In a recent announcement, UNICEF stated that it would have the option to receive, hold, and distribute the contribution of cryptocurrencies in Ether and Bitcoin through its recently established UNICEF Cryptocurrency Fund. In a first for United Nations associations, UNICEF will utilize...

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