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…
Tag: ALGO
A Complete Guide on Algorand: Can it Drive Crypto Adoption Faster?
In the past week, Algorand prices have been plummeting, leading to severe losses to Algo holders. Unfortunately, this episode is part of a series of price plummets that have struck them. In just the first three months of its inception, Algo price fell from $3.28 to $0.37 (at the time of writing), taking a hit of a 88% price reduction. [caption id="attachment_15626" align="aligncenter" width="1874"] Source: Coingecko[/caption] Why did Algo's price plummet? Many crypto enthusiasts made speculations on the reasons for…
1 year ago
