Day: March 13, 2021

Norway’s Fourth-Richest Man Invests in a Crypto Mining ASIC Manufacturer

2021-03-13 By admin

According to regional reports, the Norwegian billionaire and hedge fund manager, Ole Andreas Halvorsen, is investing funds into an energy-reducing cryptocurrency mining chip hardware company. The company Norway’s fourth richest man is investing in claims to build application-specific integrated circuit (ASIC) mining chips that are allegedly 300%-500% more energy efficient than existing hardware. Norwegian Hedge […]

Blackrock Executive Says Gold Now Less Effective Hedge Against Inflation

2021-03-13 By admin

A portfolio manager and member of Blackrock’s Global Allocation Fund says gold is now a less effective hedge against inflation as well as moves in other assets such as stocks. In comments that appear to undercut the precious metal’s renowned status, Russ Koesterich claims that “gold’s ability to hedge against inflation has been somewhat exaggerated.” […]

Spanish Ministry of Economy Proposes to Create a Financial Customer Ombudsman for Crypto-Related Matters

2021-03-13 By admin

Crypto regulation in Spain remains on the political talks amid the current bull-run seen in the bitcoin prices. Now, the country’s Ministry of the Economy is about to create a new Financial Customer Ombudsman for crypto-related matters. Independent Financial Customer Body Will Abide by the MiCA Ruling Per La Información, Minister Nadia Calviño seeks to […]