Fitch warns Spezialfonds & Crypto Market, US inflation decreases + More news

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Investment News The volatile nature of the crypto markets will present particular challenges to fund managers who include crypto assets in the German Spezialfonds who are now allowed to invest up to 20% of their portfolios in crypto, the statement said. main rating company Fitch Ratings. If price volatility triggers trading disruptions for exchange-traded crypto-assets, it could make it more difficult for managers of crypto-exposed Spezialfonds to respond to investor redemption requests or other obligations, they said. added. “The risk of mutually reinforcing sales in cryptocurrencies and the funds exposed to them could add to the volatility of crypto markets,” Fitch noted. on an annual basis and there were tentative signs that inflation has peaked as supply chain disruptions caused by the pandemic find their way into the economy, Reuters reported. The consumer price index rose 0.5% last month after climbing 0.9% in June, the Labor Department said on Wednesday. In the 12 months to July, the CPI rose 5.4%. The month-over-month decline in the inflation rate was the largest in 15 months, according to the report. Adoption news The leading US crypto payments processor BitPay has said that US BitPay Prepaid Mastercard cardholders can add their card to Google Wallet and spend with Google Pay. BitPay previously announced support for Apple Pay and Samsung Pay. South Korean non-bank money transfer service provider GME Remittance said it has joined RippleNet, the network created by blockchain company Ripple (XRP), connecting it to Thailand’s largest bank, Siam Commercial Bank (SCB). This will increase South Korea’s payments to Thailand, as South Korea has 184,000 Thai nationals residing in the country, they said. metaverse with the universe. The portal will allow brands, artists and creators to sell or reward individuals with their real-world products both in-game and physically, through the tokenization of these items. is expected to be 230 million JMD (1.5 million USD) in central bank digital currency (CBDC), according to PYMNTS. The full amount will be disbursed to depository institutions and authorized payment service providers during the pilot program, which is expected to end in December. Guesser will join the Geminis product team to help its projects in the decentralized finance (DeFi) sector. Bitstamp has announced the appointment of Barbara Daliri, a former Google, Netflix and Microsoft executive, as Chief Growth Officer. Daliri will lead Bitstamps’ growth and market approach, while supporting customer engagement, they said. NFT News Sports and sports betting company Fantasy DraftKings has launched a market for non-fungible tokens (NFT). His first NFT series will be provided by the NFT Autograph platform and will feature American football quarterback Tom Brady starting August 11. The Preseason Access Collection includes preseason access passes from top athletes such as Wayne Gretzky, Tony Hawk, Naomi Osaka, Derek Jeter, Tiger Woods Twitter’s inaugural NFT collection, called The 140 Collection, generated 1,700 ETH (5.5 million USD) trading volume on the NFT OpenSea market. The floor price is 76.5 ETH ($ 247,615) and there are 110 buyers at the time of writing.

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