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A pension fund in the United States has added both Bitcoin and Ether to its portfolio. This marks the first-ever cryptocurrency investment by a US public pension plan, further highlighting institutional demand for crypto exposure. Firefighter Pension Partners With NAYDIG According to a press release from Newswire, the Houston Firefighters' Relief and Retirement Fund (HFRRF) announced their investment this morning. NAYDIG – a Fintech service provider for banks, corporations, and institutions – facilitated the purchase on the fund’s behalf. It…

Could the Chinese government reconsider its stance against cryptocurrencies? The country's National Development and Reform Commission (NDRC) recently published a report seeking public opinion on the matter. China has dictated multiple bans on Bitcoin over the past 8 years. However, the government may have the motivation to not altogether reject its adoption. China Consults the Public Earlier today, the commission published its report to its website under the "Soliciting Opinions" (translated) category. It states that central departments have revised one…

Peter Thiel, PayPal co-founder and tech billionaire, recently stated that he feels “underinvested” in Bitcoin. Though he is a long-time Bitcoin supporter, he avoided investing in it because he thought it was an "open secret." However, he realized that it may still have room to grow, and attributes its recent success to central bank failure. Bitcoin and Libertarianism Thiel aired his thoughts in an interview with the Lincoln network on Wednesday. The network is a non-profit that advocates for governments…

Creditors of Mt Gox, a former Japanese Bitcoin exchange, have finally agreed to a rehabilitation plan after seven months of voting. For those who don't know, hackers reportedly attacked Mt Gox in 2014, and stole thousands of its customers' Bitcoin reserves. Now, the project will return a fraction of those bitcoins to its customers, which still amounts to over $9 billion. Rehabilitation On The Way As indicated in a report released earlier today, over 99% of creditors approved the rehabilitation…

A forensic financial research firm – Hindenburg Research – has launched the Hindenburg Tether Bounty Program. The program offers a $1 million reward to anyone who can provide details related to Tether’s stablecoin backing. The firm’s initiative establishes a significant effort to solve a longstanding mystery looming over the entire cryptocurrency market. The Hindenburg Tether Bounty Program As revealed in a company blog post earlier today, Hindenburg’s program intends to provide public clarity on Tether’s operations. Users who submit information…

Despite the massive market crash in May, Bitcoin has finally reclaimed its former glory. The cryptocurrency's price shattered its previous all-time high earlier today and is now trading just short of $67k. The crypto community is rallying in response, and they expect far-greater highs before the end of the year. Bitcoin to the Moon According to price data from CoinGecko, Bitcoin's price rested at $64 549.73 at 9:40 am EST this morning. It had spent the night trading within the…

Chainalysis – a commonly used blockchain data company – recently invested in an unspecified amount of Bitcoin. The investment comes as Bitcoin's price creeps ever closer to all-time highs and surpasses its market cap record from May. Chainalysis Plans to HODL The data provider announced its latest investment in a blog post today and simultaneously confirmed a new partnership with NYDIG. NYDIG is a Fintech service provider for banks, corporations, and institutions. The financial company has allowed Chainalysis to add…

Grayscale – the world’s largest Bitcoin fund – recently filed to turn their company into a Bitcoin spot ETF. This comes shortly after ProShares’ Bitcoin Futures ETF began trading on the New York Stock Exchange (NYSE) earlier today. If approved, Grayscale’s fund would become the first Bitcoin Spot ETF in the United States. Will the SEC Approve? As reported by Bloomberg, Grayscale’s filing would flip its $40 billion Bitcoin Trust (ticker GBTC) into an ETF. Michael Sonnhenshein, CEO of Grayscale,…

Bitcoin's fast price appreciation has made it an attractive asset to investors but also criminals. Recently, the police arrested a man after the kidnapping of a schoolboy he knew had made significant money trading cryptocurrency. The case highlights the importance of keeping one's earnings to himself, especially one's digital assets. What Happened? As The Guardian reports, a gang of criminals in Bradford, UK, kidnapped the boy. Next, they demanded a $10,000 ransom payment from the boy's parents for his safe…