There are all kinds of exciting moves in the crypto space these days. This is happening despite the massive volatility that we can see in the market. Check out the latest reports below.
The mass adoption of digital assets has been one of the most important goals that the crypto space set, and there are all kinds of moves taking place in this direction.
Financial Times notes that a $6.8bn Virginia pension fund is looking to boost its returns by investing in crypto lending markets despite a crisis in the sector that has pushed several companies into bankruptcy and left retail investors with heavy losses.
Fairfax County Retirement Systems supports crypto boost
The Fairfax County Retirement Systems recently gained approval from its board of trustees to begin investing in “yield farming.”
Here, investors lend out their digital tokens to crypto projects in return for a fixed stream of payments.
“Some of the yields that you’re able to achieve in a yield farming strategy are really attractive because some of the people have stepped back from that space.”
This is what Katherine Molnar, a chief investment officer of the Fairfax County Police Officers Retirement System, said in an interview.
It’s also been revealed that crypto lending has been at the center of this year’s credit crisis in digital asset markets after the $40bn collapse of stablecoin terra, which was a popular tool for yield farming, sent shockwaves across the sector, according to the same online publication.
Bitcoin to see a new rally
Not too long ago, we reported that a popular crypto analyst is making a macroeconomic forecast to see what the future might hold for risk-on assets like Bitcoin (BTC).
In a new strategy session, the pseudonymous host of Coin Bureau known as Guy made sure to explain the fact that periods of high inflation have historically lasted roughly three years, which could give hints as to when the financial landscape could change.
