Switzerland national postal service to debut crypto stamp on Polygon
On Sept. 20, the Swiss Post officially announced the upcoming launch of the "Swiss crypto stamp," a digital collectible linked to a physical stamp issued by the postal service worth 8.9 Swiss francs.
According to the announcement, the Swiss crypto stamp will be the first stamp of its kind ever launched in Switzerland.
In May 2021, Austria's postal service announced plans for incorporating NFC chips in its Crypto Stamp 3.0, the third iteration of its limited-edition NFT postage stamp collectible series.
Sentiment: Neutral
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On Sept. 20, the Swiss Post officially announced the upcoming launch of the "Swiss crypto stamp," a digital collectible linked to a physical stamp issued by the postal service worth 8.9 Swiss francs.
According to the announcement, the Swiss crypto stamp will be the first stamp of its kind ever launched in Switzerland.
In May 2021, Austria's postal service announced plans for incorporating NFC chips in its Crypto Stamp 3.0, the third iteration of its limited-edition NFT postage stamp collectible series.
Sentiment: Neutral
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Cointelegraph
Switzerland national postal service to debut crypto stamp on Polygon
Switzerland’s national postal service will issue 175,000 blockchain-based digital stamps available for online exchange and trading.
Colin McRae’s Subaru Got Sold for $360,000 Worth of Bitcoin.
An anonymous buyer at an Australian auction paid $361,000 in bitcoin to acquire a classic Subaru WRX driven by the rally champion Colin McRae.
An investigation found out that the car was particularly symbolic as champion drivers like Colin McRae and Carlos Sainz have been behind its wheel.
The classic Subaru WRX was so popular in the late 90s that it became one of the iconic cars in the Colin McRae Rally PlayStation game.
Sentiment: Positive
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An anonymous buyer at an Australian auction paid $361,000 in bitcoin to acquire a classic Subaru WRX driven by the rally champion Colin McRae.
An investigation found out that the car was particularly symbolic as champion drivers like Colin McRae and Carlos Sainz have been behind its wheel.
The classic Subaru WRX was so popular in the late 90s that it became one of the iconic cars in the Colin McRae Rally PlayStation game.
Sentiment: Positive
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The Era of Cash Is Ending
What cryptocurrencies like Bitcoin have shown us is that there are technological pathways for central banks to be able to issue digital versions of their own currency in a relatively secure form and in a form that makes digital payments broadly available and accessible to the masses.
A more sophisticated version of a central bank digital currency is where, in effect, each one of us has an account with the central bank, perhaps in tandem with a digital wallet that we can use to transact using digital versions of the currency.
PRASAD: The proliferation of central bank digital currencies and even cryptocurrencies does not really pose much of a threat to the major global currencies.
Sentiment: Neutral
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What cryptocurrencies like Bitcoin have shown us is that there are technological pathways for central banks to be able to issue digital versions of their own currency in a relatively secure form and in a form that makes digital payments broadly available and accessible to the masses.
A more sophisticated version of a central bank digital currency is where, in effect, each one of us has an account with the central bank, perhaps in tandem with a digital wallet that we can use to transact using digital versions of the currency.
PRASAD: The proliferation of central bank digital currencies and even cryptocurrencies does not really pose much of a threat to the major global currencies.
Sentiment: Neutral
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BRINK – Conversations and Insights on Global Business
The Era of Cash Is Ending
Digital currencies hold great promise for the millions without bank accounts, but there are risks, too, including the possibility of macroeconomic instability.
50% of Africans Invest in Crypto to Pay for Their Children's Education: Survey
The London-based company - Luno - conducted a survey with nearly 7,000 participants from Nigeria, Kenya, South Africa, the UK, Australia, Indonesia, and Malaysia to determine the reasons that drove them into getting involved with digital assets.
Taking a closer look, 48% would allocate their salaries in digital assets to pay for their children's future educational costs.
The survey revealed that crypto holders are much more likely to hold other types of financial assets versus the general population.
Sentiment: Positive
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The London-based company - Luno - conducted a survey with nearly 7,000 participants from Nigeria, Kenya, South Africa, the UK, Australia, Indonesia, and Malaysia to determine the reasons that drove them into getting involved with digital assets.
Taking a closer look, 48% would allocate their salaries in digital assets to pay for their children's future educational costs.
The survey revealed that crypto holders are much more likely to hold other types of financial assets versus the general population.
Sentiment: Positive
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CryptoPotato
50% of Africans Invest in Crypto to Pay for Their Children’s Education: Survey
The majority of crypto owners from Nigeria, Kenya, and South Africa deal with cryptocurrencies so they can provide a better future for their children.
NTFs are a money laundering scheme for rich people, says crypto analyst Mr Whale
A work of art by Banksy was even burned and turned into an NFT. Apparently, people open their pockets to invest in art to buy an original, digital version of it, something they could have simply downloaded or captured.
Popular crypto-actives analyst Mr. Whale has argued that NFTs are simply a way for the rich to move illegally obtained money through a channel that makes it look legal.
Whale pointed out that the subjectivity of art is what makes it so easy to move money through NFTs. While one person may think a work of art is horrible, another may think it is the most beautiful piece ever made.
Sentiment: Positive
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A work of art by Banksy was even burned and turned into an NFT. Apparently, people open their pockets to invest in art to buy an original, digital version of it, something they could have simply downloaded or captured.
Popular crypto-actives analyst Mr. Whale has argued that NFTs are simply a way for the rich to move illegally obtained money through a channel that makes it look legal.
Whale pointed out that the subjectivity of art is what makes it so easy to move money through NFTs. While one person may think a work of art is horrible, another may think it is the most beautiful piece ever made.
Sentiment: Positive
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WordPress
NTFs are a money laundering scheme for rich people, says crypto analyst | BitcoinDynamic.com
The NFT market continues to grow. Many artists and creative people now use this new product format to share and sell their work, which has given independent artists an opportunity to sell their creations, monetizing and generating income online. Mainly this…
Evergrande, Property Management Unit Share Trading Halted
1 Min Read.HONG KONG, Oct 4 - Trading in shares of debt-laden China Evergrande was suspended on Monday after it missed a key bond interest payment last week, its second offshore debt obligation in a week, with market watchers jittery as the group's troubles unravel.
Shares of its unit Evergrande Property Services Group were also suspended, according to the Hong Kong stock exchange.
With liabilities equal to 2% of China's GDP, Evergrande has sparked concerns its woes could spread through the financial system and reverberate around the world, though worries have eased somewhat after the central bank vowed to protect homebuyers' interests.
Sentiment: Negative
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1 Min Read.HONG KONG, Oct 4 - Trading in shares of debt-laden China Evergrande was suspended on Monday after it missed a key bond interest payment last week, its second offshore debt obligation in a week, with market watchers jittery as the group's troubles unravel.
Shares of its unit Evergrande Property Services Group were also suspended, according to the Hong Kong stock exchange.
With liabilities equal to 2% of China's GDP, Evergrande has sparked concerns its woes could spread through the financial system and reverberate around the world, though worries have eased somewhat after the central bank vowed to protect homebuyers' interests.
Sentiment: Negative
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Reuters
Evergrande eyeing $5 bln property unit sale; rival Fantasia misses payment
Debt-saddled China Evergrande is set to raise more than $5 billion by selling a majority stake in its property management arm, Chinese media said on Monday, a deal which would be the struggling giant's largest asset sale yet if it goes ahead.
The crash is inevitable. They are just trying to slow it down. China Property Giant Evergrande Suspends Hong Kong Market Trading.
Sentiment: Neutral
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Sentiment: Neutral
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Bloomberg.com
Evergrande Shares Halted Amid Report of Unit Stake Sale
China Evergrande Group and its property-services arm were halted in Hong Kong stock trading amid a report that the developer agreed to sell a controlling stake in the unit to raise much-needed cash.
Share trading in embattled China Evergrande halted in Hong Kong. This might get ugly today, HODL and DCA.
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021.
HONG KONG, Oct 4 - Trading in shares of heavily indebted China Evergrande was suspended on Monday, days after some bondholders said the property developer at the centre of jitters over China's financial system had missed a second key bond interest payment.
Shares of its unit Evergrande Property Services Group were also suspended, the Hong Kong stock exchange said.
Sentiment: Negative
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The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021.
HONG KONG, Oct 4 - Trading in shares of heavily indebted China Evergrande was suspended on Monday, days after some bondholders said the property developer at the centre of jitters over China's financial system had missed a second key bond interest payment.
Shares of its unit Evergrande Property Services Group were also suspended, the Hong Kong stock exchange said.
Sentiment: Negative
Read Article
Reuters
Evergrande eyeing $5 bln property unit sale; rival Fantasia misses payment
Debt-saddled China Evergrande is set to raise more than $5 billion by selling a majority stake in its property management arm, Chinese media said on Monday, a deal which would be the struggling giant's largest asset sale yet if it goes ahead.
In Tonga, MP Lord Fusitu'a is drafting a bill to make Bitcoin a legal tender in the Pacific nation, like what was done in El Salvador last month.
The hereditary lord's bitcoin project based on El Salvador's crypto gamble remains little more than a dream for now, but he is confident he can overcome potential opposition from Tonga's central bank, executive branch, or other MPs. The Governor of the Reserve Bank of Tonga, Sione Ngongo Kioa, said the bank had no plans to adopt bitcoin as a legal tender alongside the Tongan pa'anga.
"Our current king was the prime minister in the early 2000s when the World Bank's austerity measures imposed on us for the loans included cutting public servants' wages, which we did, but in 2006 it caused the only riots in our country's history, so our king has seen how the IMF and World Bank gutted our economy and society previously," he says.
The country's only two commercial banks are ANZ and Bank of the South Pacific.
Sentiment: Neutral
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The hereditary lord's bitcoin project based on El Salvador's crypto gamble remains little more than a dream for now, but he is confident he can overcome potential opposition from Tonga's central bank, executive branch, or other MPs. The Governor of the Reserve Bank of Tonga, Sione Ngongo Kioa, said the bank had no plans to adopt bitcoin as a legal tender alongside the Tongan pa'anga.
"Our current king was the prime minister in the early 2000s when the World Bank's austerity measures imposed on us for the loans included cutting public servants' wages, which we did, but in 2006 it caused the only riots in our country's history, so our king has seen how the IMF and World Bank gutted our economy and society previously," he says.
The country's only two commercial banks are ANZ and Bank of the South Pacific.
Sentiment: Neutral
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Australian Financial Review
Bitcoin dream brewing in Tonga
A Tongan parliamentarian aims to push through legislation that will make bitcoin legal tender in Tonga, joining the pa’anga. Its central bank is yet to be convinced.
Pandora Papers: Secret wealth and dealings of world leaders exposed. Do you think crypto can solve these issues?
One of the biggest revelations is how prominent and wealthy people have been legally setting up companies to secretly buy property in the UK.The documents reveal the owners of some of the 95,000 offshore firms behind the purchases.
The investigation found the Aliyevs and their close associates have secretly been involved in property deals in the UK worth more than £400m.The revelations could prove embarrassing for the UK government, as the Aliyevs appear to have made a £31m profit after selling one of their London properties to the Crown Estate - the Queen's property empire that is managed by The Treasury and raises cash for the nation.
The leaked financial documents show how the King of Jordan secretly amassed a property empire in the UK and US worth more than £70m.They identify a network of offshore companies in the British Virgin Islands and other tax havens used by Abdullah II bin Al-Hussein to buy 15 homes since he assumed power in 1999.They include £50m on three adjacent ocean view properties in Malibu, California, and properties in London and Ascot in the UK.His property interests have been built up as King Abdullah has been accused of presiding over an authoritarian regime, with protests taking place in recent years amid austerity measures and tax rises.
Sentiment: Positive
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One of the biggest revelations is how prominent and wealthy people have been legally setting up companies to secretly buy property in the UK.The documents reveal the owners of some of the 95,000 offshore firms behind the purchases.
The investigation found the Aliyevs and their close associates have secretly been involved in property deals in the UK worth more than £400m.The revelations could prove embarrassing for the UK government, as the Aliyevs appear to have made a £31m profit after selling one of their London properties to the Crown Estate - the Queen's property empire that is managed by The Treasury and raises cash for the nation.
The leaked financial documents show how the King of Jordan secretly amassed a property empire in the UK and US worth more than £70m.They identify a network of offshore companies in the British Virgin Islands and other tax havens used by Abdullah II bin Al-Hussein to buy 15 homes since he assumed power in 1999.They include £50m on three adjacent ocean view properties in Malibu, California, and properties in London and Ascot in the UK.His property interests have been built up as King Abdullah has been accused of presiding over an authoritarian regime, with protests taking place in recent years amid austerity measures and tax rises.
Sentiment: Positive
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BBC News
Pandora Papers: Secret wealth and dealings of world leaders exposed
The offshore dealings of presidents, prime ministers and royalty feature in the Pandora Papers.
Back Bay became the first Southern Baptist church in the United States to accept cryptocurrencies as a form of payment
Back Bay became the first Southern Baptist church in the United States to accept cryptocurrencies as a form of payment in addition to more standard methods last Sunday.
Pastor Adam Bennet, a Mississippi Gulf Coast native who has been in full-time ministry since 2005, has added cryptocurrency to the mix of fundraising options.
It's one thing for professional athletes to invest millions of dollars in cryptocurrency.
Sentiment: Neutral
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Back Bay became the first Southern Baptist church in the United States to accept cryptocurrencies as a form of payment in addition to more standard methods last Sunday.
Pastor Adam Bennet, a Mississippi Gulf Coast native who has been in full-time ministry since 2005, has added cryptocurrency to the mix of fundraising options.
It's one thing for professional athletes to invest millions of dollars in cryptocurrency.
Sentiment: Neutral
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Micky
U.S. church accepts cryptocurrency as a giving method
Back Bay became the first Southern Baptist church in the United States to accept cryptocurrencies as a form of payment in addition to more standard methods last
Bitcoin And Ethereum Are Braced For A Massive October Bombshell After The Crypto Market Price Suddenly Surged
The bitcoin price is now nudging $50,000 per bitcoin for the first time since early September while the ethereum price is approaching $3,500 per ether after falling as low as $2,600 last month.
"The bitcoin market could be heating up shortly, caused by anticipations leading into the ETF verdicts," added Lunde, predicting bitcoin and crypto traders "Might seek to front-run in case of approvals."
"The larger point here is that it probably doesn't matter how much capital flows into these futures-based ETFs so long as the spot market for bitcoin gets a boost from improved sentiment," Fundstrat analysts wrote, adding bitcoin, ethereum and crypto "Bears start to hibernate in the fall."
Sentiment: Neutral
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The bitcoin price is now nudging $50,000 per bitcoin for the first time since early September while the ethereum price is approaching $3,500 per ether after falling as low as $2,600 last month.
"The bitcoin market could be heating up shortly, caused by anticipations leading into the ETF verdicts," added Lunde, predicting bitcoin and crypto traders "Might seek to front-run in case of approvals."
"The larger point here is that it probably doesn't matter how much capital flows into these futures-based ETFs so long as the spot market for bitcoin gets a boost from improved sentiment," Fundstrat analysts wrote, adding bitcoin, ethereum and crypto "Bears start to hibernate in the fall."
Sentiment: Neutral
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Forbes
Bitcoin And Ethereum Are Braced For A Massive October Bombshell After The Crypto Market Price Suddenly Surged
Bitcoin and cryptocurrency prices have stormed into October after a dire September...
Cryptocurrency payments slowly gain ground in India. In short the youth of India are bullish on crypto
In the absence of any law specifying treatment of cryptocurrency, legal experts said the use of cryptocurrency for payments in India is neither legal, nor illegal.
The Reserve Bank of India has been vocal about its concerns regarding cryptocurrency and is keen on banning the use of private crypto.
"Currently, cryptocurrency is only being accepted as payment by certain platforms in India such as specific restaurants, online e-commerce platforms, etc. In the absence of dedicated cryptocurrency laws or any specific ban on the same, cryptocurrencies in India fall in a grey area, and the acceptance of the same as a mode of payment is at the discretion of the recipient," said Anu Monga, partner, Anant Law.
Sentiment: Positive
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In the absence of any law specifying treatment of cryptocurrency, legal experts said the use of cryptocurrency for payments in India is neither legal, nor illegal.
The Reserve Bank of India has been vocal about its concerns regarding cryptocurrency and is keen on banning the use of private crypto.
"Currently, cryptocurrency is only being accepted as payment by certain platforms in India such as specific restaurants, online e-commerce platforms, etc. In the absence of dedicated cryptocurrency laws or any specific ban on the same, cryptocurrencies in India fall in a grey area, and the acceptance of the same as a mode of payment is at the discretion of the recipient," said Anu Monga, partner, Anant Law.
Sentiment: Positive
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The Economic Times
Cryptocurrency payments slowly gain ground in India
Cryptocurrency is increasingly gaining in prominence as a payment method among a small yet growing set of businesses in the formal and informal economy in India.
NZ's first bitcoin-only investment fund launched
While some investment funds have previously had portions of bitcoin, the Vault International Bitcoin Fund is the first to have its entire allocation invested in the asset class.
Grainger said the fund was designed differently to the way many retail investors currently think about bitcoin.
"Bitcoin is high risk, but if you do want exposure then you may as well do it safely. If you are going through a heavily regulated fund that may be a better option for some people," Sims said.
Sentiment: Positive
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While some investment funds have previously had portions of bitcoin, the Vault International Bitcoin Fund is the first to have its entire allocation invested in the asset class.
Grainger said the fund was designed differently to the way many retail investors currently think about bitcoin.
"Bitcoin is high risk, but if you do want exposure then you may as well do it safely. If you are going through a heavily regulated fund that may be a better option for some people," Sims said.
Sentiment: Positive
Read Article
Stuff
NZ's first bitcoin-only investment fund launched
Bitcoin isn’t appropriate for everyone and people should not be taking lightly, expert says.
El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC
Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per gallon reduction in petrol prices when paying using the government-backed Bitcoin wallet, Chivo.
"The state company Chivo negotiated with the largest gas station companies in our country, so that starting tomorrow, their stations will sell each gallon of fuel $ 0.20 cheaper, with Chivo wallet."
Others were cynical of the government's decision to offer the discount to only those who pay using Chivo, with another Twitter account questioning why the administration did not move to offer relief on fuel prices at an earlier date.
Sentiment: Positive
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Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per gallon reduction in petrol prices when paying using the government-backed Bitcoin wallet, Chivo.
"The state company Chivo negotiated with the largest gas station companies in our country, so that starting tomorrow, their stations will sell each gallon of fuel $ 0.20 cheaper, with Chivo wallet."
Others were cynical of the government's decision to offer the discount to only those who pay using Chivo, with another Twitter account questioning why the administration did not move to offer relief on fuel prices at an earlier date.
Sentiment: Positive
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Cointelegraph
El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC
The Salvadoran government is offering discounts of $0.20 per gallon on petrol purchases when the consumer pays using the administration's official Bitcoin wallet, Chivo.
El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC
Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per gallon reduction in petrol prices when paying using the government-backed Bitcoin wallet.
Describing the news as "Positive news for the pockets of Salvadorans," the president announced the subsidy via Twitter on Sept. 30.
Sentiment: Positive
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Salvadoran president Nayib Bukele has announced that local consumers can enjoy a $0.20 per gallon reduction in petrol prices when paying using the government-backed Bitcoin wallet.
Describing the news as "Positive news for the pockets of Salvadorans," the president announced the subsidy via Twitter on Sept. 30.
Sentiment: Positive
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Investing.com
El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC By Cointelegraph
El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC
Analyst Who Nailed Bitcoin Monthly Prices Predicts Prolonged BTC Bull Market
A closely followed crypto analyst who accurately predicted Bitcoin's monthly closing prices says he is expecting the bull market to extend beyond this year.
PlanB tells his 972,800 Twitter followers that he believes Bitcoin is about the kick off the second leg of its bull cycle.
In July, PlanB unveiled his worst-case scenarios for BTC for the months of August and September where Bitcoin would close at $47,000 and $43,000, respectively.
Sentiment: Neutral
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A closely followed crypto analyst who accurately predicted Bitcoin's monthly closing prices says he is expecting the bull market to extend beyond this year.
PlanB tells his 972,800 Twitter followers that he believes Bitcoin is about the kick off the second leg of its bull cycle.
In July, PlanB unveiled his worst-case scenarios for BTC for the months of August and September where Bitcoin would close at $47,000 and $43,000, respectively.
Sentiment: Neutral
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The Daily Hodl
Analyst Who Nailed Bitcoin Monthly Prices Predicts Prolonged BTC Bull Market – Here’s His Timeline and Targets - The Daily Hodl
A closely followed crypto analyst who accurately predicted Bitcoin's monthly closing prices says he is expecting the bull market to extend beyond this year.
NZ's first bitcoin-only investment fund launched. “Over the past three years I have been having conversations where people say bitcoin is a scam, or a fad, something to be avoided. But recently I have been helping more and more people allocate a portion of their portfolio towards it”
While some investment funds have previously had portions of bitcoin, the Vault International Bitcoin Fund is the first to have its entire allocation invested in the asset class.
Grainger said the fund was designed differently to the way many retail investors currently think about bitcoin.
"Bitcoin is high risk, but if you do want exposure then you may as well do it safely. If you are going through a heavily regulated fund that may be a better option for some people," Sims said.
Sentiment: Positive
Read Article
While some investment funds have previously had portions of bitcoin, the Vault International Bitcoin Fund is the first to have its entire allocation invested in the asset class.
Grainger said the fund was designed differently to the way many retail investors currently think about bitcoin.
"Bitcoin is high risk, but if you do want exposure then you may as well do it safely. If you are going through a heavily regulated fund that may be a better option for some people," Sims said.
Sentiment: Positive
Read Article
Stuff
NZ's first bitcoin-only investment fund launched
Bitcoin isn’t appropriate for everyone and people should not be taking lightly, expert says.