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US Insurers Are Interested in Crypto Investment, Finds Goldman Sachs Survey
source link: https://nextbigwhat.com/us-senate-candidate-hopes-to-make-dogecoin-legal-tender-if-elected/
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about 12 hours ago
- The world’s largest cryptocurrency exchange – Binance – joined forces with the popular Canadian singer The Weeknd. The platform will be the official sponsor of the artist’s upcoming tour in July.
- Binance will also partner with HXOUSE to release a non-fungible token collection for The Weeknd’s tour.
- In a recent statement, the exchange said it is “excited” to become the official financial backer of the Weeknd’s “After Hours Till Down” tour. The event will start on July 8 and be held across several cities in Canada and the USA.
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US Senate Candidate Hopes to Make Dogecoin Legal Tender If Elected
about 12 hours ago
- U.S. Senate candidate from California, Timothy Ursich, has urged the chief executive officer of Tesla, Elon Musk, and Dogecoin co-founder Billy Markus, to support his campaign.
- Ursich plans to support the crypto industry by promoting the mass adoption of new financial technology.
- If voted in/elected on June 7th, Ursich plans to draft a bill proposing Dogecoin as Legal Tender.
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Singapore Takes Initiative to Become Friendly With Crypto Industry
about 12 hours ago
- Singapore often tops the rankings of the world’s most open economies, but its relationship with the cryptocurrency industry has blown hot and cold.
- The Monetary Authority of Singapore (MAS), the city-state’s central bank, this week announced what it calls Project Guardian, to test risk-management in blockchain asset tokenization and decentralized finance (DeFi) initiatives.
- Whether Project Guardian lures them back is unknown, but the crypto industry is paying attention to the initiative and any opportunities it may open up.
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US Insurers Are Interested in Crypto Investment, Finds Goldman Sachs Survey
about 12 hours ago
- Goldman Sachs recently released its annual global insurance investment survey, which included responses regarding cryptocurrencies for the first time, finding that 11% of U.S. insurance firms indicated either an interest in investing or a current investment in crypto.
- Only 1% of the total surveyed firms said they would increase their crypto position over the next 12 months; 7% said they would maintain their current position; and 92% said they would not invest in crypto over the next year.
- Despite the growing interest, there are still those pessimistic about crypto as 16% said it was an asset class they expected to deliver the lowest returns over the next 12 months.
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