Thursday, February 2, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Cryptocurrency

KPERS had investment in cryptocurrency company FTX amid bankruptcy

by Crypto News
November 26, 2022
in Cryptocurrency
0
KPERS had investment in cryptocurrency company FTX amid bankruptcy
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Kansas’ pension fund reported a small funding within the ill-fated cryptocurrency firm FTX, a spokesperson for the Kansas Public Worker Retirement System stated Monday.

The fund’s publicity, or funding, in FTX and its affiliated firms was $187,400, Kristen Basso, a KPERS spokesperson, stated in an e mail. That accounts for 0.0008% of the pension fund’s whole holdings as of the tip of the 2022 fiscal yr in July.

Related articles

12 Best Cryptocurrency Exchanges in the US

12 Best Cryptocurrency Exchanges in the US

November 28, 2022
Using Risk/Reward Ratios in Cryptocurrency Trading I India CSR

Using Risk/Reward Ratios in Cryptocurrency Trading I India CSR

November 28, 2022

“There isn’t a danger to the long-term stability of KPERS on account of the FTX funding,” Basso stated.

FTX, a world cryptocurrency trade, and its associates filed for chapter on Nov. 11 in one of the crucial high-profile casualties of the nascent cryptocurrency trade.

Extra:Woke investments or a nonissue? Where Kansas puts its money is increasingly in the spotlight.

It adopted every week the place there was successfully a financial institution run on FTX, with a spike of consumers withdrawing their belongings from FTX amid worries in regards to the firm’s stability and future monetary prospects. The corporate then didn’t have sufficient belongings to cowl the rise in withdrawals.

A sign for the FTX Arena, where the Miami Heat basketball team plays, is illuminated Nov. 12 in Miami. FTX filed for bankruptcy protection Nov. 11.

Courtroom filings Nov. 19 present FTX owes over $3 billion to its prime 50 collectors and was reviewing its belongings and making ready to promote or reorganize the corporate. The corporate had been one of the crucial distinguished of its sort, enlisting celeb backers, together with Tom Brady and even sponsoring a sports activities enviornment in Miami.

Kansas is way from the one state pension fund to have been invested; pension techniques in Washington state and Ontario additionally had investments in FTX, as did the Alaska Everlasting Fund.

The Kansas Metropolis Star reported Nov. 18 that Missouri’s public worker pension fund misplaced over $1 million after investing in FTX by way of the distinguished funding supervisor BlackRock.

Whereas Kansas additionally makes use of BlackRock to handle a few of its investments, Basso stated the state’s funding in FTX didn’t come by way of that funding supervisor.

The place KPERS places its cash has turn into an more and more sizzling subject in latest months.

Kansas' pension fund reported a small investment in the ill-fated cryptocurrency company FTX, a spokesperson for the Kansas Public Employee Retirement System said.

Extra:Amid Ukraine conflict, KPERS board votes to halt future investments in Russia

The pension fund’s board voted to divest from its holdings in Russian belongings within the wake of that nation’s invasion of Ukraine earlier this yr, although that additionally accounted for a small fraction of its whole investments.

And a few Republicans have been important of the state’s relationship with BlackRock over the corporate’s insurance policies in utilizing environmental, social and governance to craft funding selections, notably within the oil and pure gasoline industries.



Source link

Share76Tweet47

Related Posts

12 Best Cryptocurrency Exchanges in the US

12 Best Cryptocurrency Exchanges in the US

by Crypto News
November 28, 2022
0

On this piece, we are going to check out the 12 finest cryptocurrency exchanges within the U.S. For extra...

Using Risk/Reward Ratios in Cryptocurrency Trading I India CSR

Using Risk/Reward Ratios in Cryptocurrency Trading I India CSR

by Crypto News
November 28, 2022
0

Within the crypto buying and selling area, a threat/reward ratio of 1:3 is nice for a selected buying and...

Cryptocurrency relates geopolitical bipolarity, seeking regulatory transparency

Cryptocurrency relates geopolitical bipolarity, seeking regulatory transparency

by Crypto News
November 28, 2022
0

The most important cryptocurrency change on the planet, Binance, withdrew its serving to hand for FTX's liquidity disaster earlier...

Caution Urged: State issues cryptocurrency advisory to investors | News

Caution Urged: State issues cryptocurrency advisory to investors | News

by Crypto News
November 28, 2022
0

Lincoln County residents and people throughout the state in search of funding alternatives are being cautioned about the place...

PNP warns public vs fake cryptocurrency investments

PNP warns public vs fake cryptocurrency investments

by Crypto News
November 27, 2022
0

Ralph Edwin Villanueva - The Philippine StarNovember 28, 2022 | 12:00am MANILA, Philippines — The Philippine Nationwide Police -...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

February 2, 2023
SCALP & TRADE / TARAMA / BITCOIN GUNCEL ANALIZ

SCALP & TRADE / TARAMA / BITCOIN GUNCEL ANALIZ

February 2, 2023
Cryptocurrency explained | Crypto for beginners | Crypto coins 2021

Cryptocurrency explained | Crypto for beginners | Crypto coins 2021

February 2, 2023
Cardano Update – Wird Cardano unterdrückt? | cNFT Con | NEWM etc…

Cardano Update – Wird Cardano unterdrückt? | cNFT Con | NEWM etc…

February 2, 2023

Recent News

Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

Büyük Fırsat Altcoin Sepeti – 4 Kripto Para

February 2, 2023
SCALP & TRADE / TARAMA / BITCOIN GUNCEL ANALIZ

SCALP & TRADE / TARAMA / BITCOIN GUNCEL ANALIZ

February 2, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News