Chinese state insurance firm launches two crypto funds in Hong Kong: Report
The Chinese government-backed CPIC Investment Management is launching two crypto funds related to blockchain investment and staking.
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The Chinese government-backed CPIC Investment Management is launching two crypto funds related to blockchain investment and staking.
Foreign direct investment in Nigeria fell by 33% last year due to a severe shortage of dollars, which discouraged crypto companies from expanding into the country.
The funds will be used to develop decentralized infrastructure that enables institutional investors to allocate assets on-chain.
The Block reportedly laid off roughly 33% of its staff including interim CEO Bobby Moran in an effort to stabilize the platform following loans it received from Sam Bankman-Fried.
The survey also found that 24% of women have allocated more than 20% of their portfolios to crypto.
Despite four major banks imploding recently, Bitcoin remains resilient, but questions persist over the long-term sustainability of its ongoing rally.
Despite the ongoing tumultuous market conditions, VC investments in European crypto startups hit an all-time high of $5.7 billion in 2022.
Many investors have rotated their portfolio investments due to the banking crisis in the past two weeks, injecting billions of dollars on money market funds in the United States.
While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation.
The service will reportedly be the exchange operator's first major venture into the crypto industry.