Jack Dorsey is not going to invest in ETH, and Novogratz spoke about the limitations of mining in China

Jack Dorsey is not going to invest in ETH

Twitter founder Jack Dorsey doesn’t see the need to invest in ethereum. That being said, Twitter is soon to launch an ETH-based NFT.

Earlier, the social network organized a free distribution of 140 thematic NFTs based on ethereum. Some of its users have suggested that Dorsey intends to invest in ETH.

However, the businessman denied this version. As a result, Cinneamhain Ventures partner Adam Cochran made a critical remark about Dorsey. He noted that the Twitter founder remains a “Bitcoin maximalist” while releasing NFTs using the Ethereum blockchain.

Novogratz saw a positive moment in the limitations of mining in China

Galaxy Digital CEO Michael Novogratz is confident that bans on mining in China will not harm BTC. The entrepreneur is confident that the crypto industry will only become healthier and stronger.

Novogratz noted that the recent increased volatility of the cryptocurrency market only proved the stability of the infrastructure as a whole.

“Bitcoin continues to exist. Migrating miners from China is good for the ecosystem. The bitcoin rate has collapsed by 65%. And we don’t have the protection against sudden falls like in the stock market. And yet the system worked as it should. It is a very robust ecosystem, built in a very short period of time,” the head of Galaxy Digital said.

Investment funds from Germany will be able to invest up to 20% of assets in digital currencies

German investment funds will be able to invest up to 20% of assets in digital currencies. The volume of investments in the crypto industry could reach $415 billion.

On the territory of Germany, there is now a law according to which Spezialfonds can operate in the country. We are talking about special funds that have received the opportunity to invest up to 20% of assets in digital currency.

If each such fund decides to invest 20% in crypto assets, this will amount to about $415 billion. The analysis is based on information as of April this year about funds that are managed by funds from Germany.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store