Largest Crypto Concern for Institutional Traders, Ray Dalio on Bitcoin Allocation + Extra Information – Cryptonews

Ray Dalio. Source: A video screenshot, Youtube / Principles by Ray Dalio

Get your daily, bite-sized roundup of the news about crypto assets and blockchain – and examine the stories flying under the radar of today’s crypto news.

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Investment news

  • The security concerns are what is preventing institutional investors from investing in crypto and digital assets, a survey found, as reported by Bloomberg. 79% of those surveyed see asset custody as the most important consideration when investing in this area. The report was commissioned by Nickel digital asset management, and included interviews with 50 asset managers and 50 institutional investors – who collectively manage approximately $ 108.4 billion – in the US, UK, Germany, France and the United Arab Emirates.
  • Legendary hedge fund manager Ray Dalio stated in an interview with The Investors Podcast that he agrees with billionaire Bill Miller’s suggestion that 1% to 2% is the correct allocation for Bitcoin (BTC). Miller had suggested that “1% to 2% of your portfolio” [should go to bitcoin]then you’ll be fine when it goes to hell. If it’s going really well, as I believe it will be going well for the next 10 years, you’ll be glad to own it. “
  • Money transfer company MoneyGram International (MGI) has made a strategic minority investment in a crypto cash exchange company Coinmewhich gives it a 4% ownership stake. The deal will complete Coinme’s Series A funding round and help support international expansion along with other growth plans.
  • Bank of America (BofA) Analyst Jason Kupferberg downgraded The Western Union Below average due to structural concerns related to competition from pure digital remittance providers and possible disruptive threats from newer technologies, Benzinga reported.
  • CryptoSlam, a data aggregator in the NFT industry, has closed a $ 9 million financing round led by a venture capital firm Animoca brands. The new funds will be used for an “aggressive” hiring plan, expanding the platform to support new and existing blockchains, and launching several new products, they said.
  • Digital asset bank and trading platform Sygnum $ 90 million raised in a $ 800 million round of funding. The company intends to use the proceeds to develop new offerings, including income products and asset management solutions for institutional clients.
  • Infrastructure Middleware Protocol Pocket network completed a $ 10 million strategic round led by Capital of the republic, RockTree capital, Capital of Arrington, and C² Ventures.
  • CryptoWire, a specialty business unit (SBU) of the crypto statistics provider Ticker plant, launched the first Indian cryptocurrency index called IC15, which India Today says will monitor the top 15 global cryptocurrencies listed on global exchanges.
  • Tribal, a B2B payment and financing platform for emerging markets, has raised a new round of US $ 40 million in debt. “This is one of the first hybrid debt rounds that combines both fiat and stablecoins,” said Amr Shady, CEO of Tribal. The round is funded by Partner for growth and Stellar Development Foundation to help Tribal expand its small and medium-sized business (SMB) financing and payment services to new countries in Latin America, the company added.

Tax messages

  • An official from Thailand’s Treasury Department stated that profits from crypto trading are now subject to a 15% capital gains tax, the Bangkok Post reported. The ministry recommends investors declare their cryptocurrency income on tax returns this year to avoid legal penalties.

Adoption News

  • the Central Bank of Bahrain announced the completion of a test on Onyx by the banking giant JPMorgan‘s JPM Coin System, which made aluminum smelting possible Aluminum Bahrain (ALBA) to initiate real-time payments to their US-based counterparties.
  • The top request users from Airbnb CEO Brian Chesky should enable cryptocurrency payments on the platform. While not specifically saying the platform would integrate crypto, he said they are “already working on some” of the requested products and “will now look for others”.

NFTs news

  • the Australian Open publishes a collection of 6,776 non-fungible tokens (NFTs) that correspond to tiny plots on the surface of the tennis court, along with a virtual event for competition on the Metaverse platform Decentralized country. Each winning shot from the 600 games in the tournament corresponds to one of the NFTs in the collection.

DeFi news

  • Web browser Opera announced a partnership with the decentralized internet company dWeb Foundation via the integration of the decentralized blockchain domain name system Handshake (HNS). The integration should go live in the first half of 2022.

Gaming news

  • Sports organization Team vitality and the blockchain project Tezos (XTZ) announced a partnership in which the Team Vitality ranks will represent the Tezos brand in eSports and gaming. On the other hand, Tezos will educate fans about the advantages of blockchain as part of the gaming experience and showcase the advances in these technologies.

Mining news

  • Hut 8 mining stated that they mined BTC 276 in December 2021 and that their total BTC balance held in reserve as of the 31. In addition, they increased their total hash rate by 125% compared to December 2020.
  • Core science announced that it mined 1,044 BTC in December, 2,498 BTC in the fourth quarter and 5,769 BTC for the full year, up 313%, 235% and 350% year over year respectively. At the end of 2021, it operated a fleet of around 67,000 miners on its own account, which corresponds to 6.6 exahash (EH / s), and 100,000 more ASICs are contractually agreed for delivery in 2022.

Scam messages

  • Arbix Finance, a certified yield farming platform, has been labeled “rugpull” by a crypto security company CertiK It reportedly deleted its website, Twitter and Telegram channels, and transferred $ 10 million worth of cryptos on deposit.

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