Tags : Invests

Bitcoin

Every fifth hedge fund already invests in cryptocurrencies, reports PwC

News › Bitcoin › Investments Crypto-focused hedge funds have doubled their assets under management in 2020, researchers at PricewaterhouseCoopers revealed. Liam Frost · May 24, 2021 at 8:00 pm UTC · 2 min read Around 21% of traditional hedge funds in the world have already invested in cryptocurrencies—while crypto-focused ones doubled their assets under management […]Read More

Market

Tether’s Bank Says It Invests Customer Funds in Bitcoin

Deltec, Tether’s Bahamas-based bank, announced Thursday it was investing customer funds in bitcoin. The announcement, made by Deltec Bank & Trust Chief Investment Officer Hugo Rogers during a year-in-review video, raises new questions about whether the dollar-pegged USDT stablecoin, which is in theory backed by cash and “cash equivalents,” as well as “other assets and […]Read More