The pension fund for firefighters in Houston has allocated part of its $4 billion portfolio towards crypto.According to an Oct. 21 Bloomberg report, the Houston Firefighters’ Relief and Retirement Fund used the New York Digital Investment Group, or NYDIG, to execute the purchase of $25 million in Bitcoin (BTC) and Ether (ETH). Public records through the Texas comptroller’s office show…
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown:Then, special guest Big Cheds shares some technical analysis on trending charts, the factors he looks at when making trades and altcoins to…
In brief NFT platform Autograph has added musician The Weeknd and FTX CEO Sam Bankman-Fried to its board of directors. The startup plans to launch music NFTs, joining its existing sports and upcoming movie collectibles. Autographan NFT platform co-founded by NFL quarterback Tom Bradylaunched its first collectibles in August, focusing entirely on sports offerings to start. But the firm has…
We’re thrilled to announce that Kraken now supports Bifrost (BNC)! Deposits and withdrawals are available starting now. Trading will begin October 26 at approximately 15:30 UTC. Note: Trading is not available to residents of the USA, Canada, Australia and Japan. What is Bifrost? Bifrost provides staking liquidity to anyone accessing its network. This means token holders can stake any cryptocurrency,…
The crypto economy has come awfully close to nearing the $3 trillion handle as far as the value of all 10,000+ crypto assets is concerned. Today, crypto market aggregation sites show the entire crypto-economy at $2.756 trillion is worth more than the value of Apple’s market cap at $2.467. Furthermore, the top ten crypto-asset exchanges, in terms of cryptocurrencies held…
Tesla has published its Q3 earnings, reporting a $51 million impairment charge on its Bitcoin holdings last quarter. Over the last year, Teslas CEO Elon Musk has been a vocal acolyte of crypto on Twitter. He regularly pumps Dogecoin, and on February 8 this year, Tesla announced it had invested exactly $1.5 billion in Bitcoin. In the lingo of accounting,…
Nonfungible token company Candy Digital has secured $100 million in funding to expand its product footprint and creative capabilities, marking another major milestone for the rapidly growing NFT market. The funding will be used to expand Candy Digital’s NFT product offerings across the global sports marketplace, including creating new fan experiences, the company announced Thursday. Candy’s existing partnerships include Major League…
Solana (SOL) rallied higher on Oct. 21 as traders shifted focus from Bitcoin (BTC) to the most promising altcoins.Notably, the price of SOL increased by more than 11% to over $196 a token, the highest level since Sept.11. Combined with the gains recorded in the previous 36 hours, SOL was up by as much as 26%. SOL/USD daily price chart. Source:…
A U.S. public pension fund has invested in bitcoin for the first time. The Houston Firefighters’ Relief and Retirement Fund acquired an undisclosed amount of BTC through institutional bitcoin services provider NYDIG. The investment “represents a watershed moment for bitcoin and its place in public pensions,” the global head of asset management at NYDIG said. The pension fund for Houston’s…
Bitcoin (BTC) briefly dipped below $63,000 later on Oct. 21 as a standard correction cooled the market.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin battles for new support at old peakData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came off all-time highs above $67,000 to hit lows of $62,860 on Bitstamp.The roughly 6% drop from its peak came as…
