Top Headlines
- Insurance giant MassMutual has joined the ranks of institutional firms choosing cryptocurrency. Massachusetts Mutual Life Insurance Company invested $100M into Bitcoin and $5M into NYDIG, a cryptocurrency service provider (Bloomberg)
- Bitcoin is attracting wealthier investors as it continues to test pricing highs, emboldened by entries into the market by financial giants such as PayPal and Visa (Bloomberg)
- The Bitwise 10 Crypto Index Fund debuted on Wednesday of this week, with market price of shares jumping over 70% by Friday. The fund is 75% Bitcoin and 13% Ethereum, with the rest a mix of Litecoin, Chainlink, Tezos, XRP and other cryptocurrencies (Bloomberg)
Cryptocurrency Spotlight:
- As crypto continues its latest climb, software developers are finding opportunities to re-enter the blockchain and crypto development world. Per Bloomberg, crypto developer interest has increased for the first time since 2017
- As rumors continue to swirl about potential crypto wallet regulations coming from Treasury Secretary Steve Mnuchin, four federal US lawmakers penned a public letter imploring the Secretary to use restraint and consult with lawmakers before finalizing anything (Twitter: Rep @WarrenDavidson)
- The United States Department of Treasury released their Financial Stability Oversight Council report this week and highlighted the benefits of digital assets and encouraged “Responsible Innovation” in the digital asset markets (Crowdfund Insider)
Blockchain Spotlight:
- JPMorgan employed their blockchain technology and JPMcoin to engage in a repo transaction, decreasing transaction time from days to hours (BTC Manager)