Top Crypto Concern of Institutional Investors, Ray Dalio on Bitcoin Allocation + More News


News about investments

According to a survey by Bloomberg , institutional investors are repelled from investing in digital assets and crypto-currencies because of security concerns. 79% of respondents consider asset custody the most important factor in deciding whether they want to invest in this area. Nickel Digital Asset Management commissioned the report. Interviews were conducted with 50 wealth managers and 50 institutional buyers – who together manage USD 108.4bn across the US, UK, Germany and France.
Ray Dalio, a legendary hedge fund manager, stated in an interview that he agreed with Bill Miller’s suggestion of 1%-22% as the appropriate allocation for Bitcoin (BTC). Miller suggested that 1% to 2% of your portfolio should be allocated to bitcoin. If it does go to hell, then you’ll be fine. If it performs really well, which I believe it will in the next 10 years then you’ll be happy you own it.”
MoneyGram International, a cash transfer company, made a strategic minority purchase in Coinme, granting it a 4% stake. This deal will close Coinme’s Series A funding round and support international expansion, as well as other growth plans.
Jason Kupferberg, Bank of America analyst (BofA), downgraded Western Union from Buy due to structural concerns regarding competition from pure-play digital remittance provider and potential disruptive threats from newer technologies. Benzinga reported.

CryptoSlam is an NFT industry data aggregator. closed a USD 9m funding round, led by venture capitalist Animoca Brands. They stated that the new funding will be used to fund an aggressive hiring plan, platform expansion to help new and existing blockchains, as well as the launch of several products.
In a round of funding USD 90m, digital asset bank and trading platform were valued at USD 800m. The proceeds will be used to create new offerings including yield-generating products as well as asset management solutions for institutional customers.
Pocket Network, an infrastructure middleware protocol, has closed a strategic round in USD 10m, led by Republic Capital and RockTree Capital. Arrington Capital and C2 Ventures.
CryptoWire is a special business unit of crypto stats provider Tipp. It launched India’s first cryptocurrency index, IC15, which will track the top 15 cryptocurrencies listed on global exchanges. per India Today.
Tribal is a B2B financing and payment platform for emerging markets. It has raised a new round of debt in the amount of USD 40m. Tribal’s CEO Amr Shady said, “This is the first hybrid debt round combining both fiat currency and stablecoins.” The company said that the round was funded by Partners for Growth, and Stellar Development Foundation. This will allow Tribal to expand its financing and payment services for small- and medium-sized business (SMB) in new Latin American countries.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like