The pension fund had invested twice in the now-bankrupt crypto exchange, once during the peak of the bull run in 2021 and again in early 2022.
Pensions News
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The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great.
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Some investment experts believe adding digital assets to retirement funds could make sense when the market becomes more stable, but not right now.
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If a majority of the five-member SEC panel votes in favor of the draft proposal, it will proceed to the next stage, which will be reviewed by other members of the SEC.
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The commissioner warnes that vulnerabilities seen within the crypto markets are similar to those seen during the global financial crisis and calls for the agency to be given additional authority.
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At Converge22, the Shark Tank host said stablecoins are set to lead to a reduction in friction and fees worldwide.
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A Bitcoin-thematic ETF listed on the Borsa Italiana, providing savers, institutions and pensions planners exposure to BTC.
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Retirees and veterans in El Salvador are worried that the government will start paying their pensions in Bitcoin instead of the U.S. dollar.
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A Bangeldeshi government agency is collaborating with IBM to harness blockchain for modernizing the country’s digital pension system.
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