Daily News | How Philly investors are faring in the wake of crypto firm FTX’s collapse
the firm could lose up to $10 million in FTX’s debacle, and its own cryptocurrency has lost value. But crypto values have fallen before, and bounced back higher, as some of its anxious fans are fond of noting.
At least one PSERS manager, New York-based Insight Partners, is among the leading investors in FTX, but didn’t disclose how much it had in the firm. SERS has not directly invested in Bitcoin or other cryptocurrencies, but does have around $6 million invested with financial firms “that do a sizable portion of their business in the cryptocurrency industry,” Hile said.Philadelphia’s $6 billion-plus pension fund “is not an investor in cryptocurrency, nor have we invested in crypto related businesses,” said spokesman Kevin Lessard.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Your Guide to 2022 Philly Marathon Road ClosuresThousands of runners are racing through the city for the return of the AACR Philadelphia Marathon, Dietz & Watson Philadelphia Half Marathon and Rothman Orthopaedics 8K. That means traffic in the area is coming to a screeching halt this weekend, especially around the Art Museum area.
Les mer »
Real estate magnate and former Councilmember Allan Domb is running for Philly mayorAllan Domb, known as the 'condo king' for his dominance as a broker in the Center City condominium market, will likely be the wealthiest candidate in the mayoral race.
Les mer »
Eat, Drink and Do: Vietnamese brunch, Philly Wine Fest and building self-sustaining bioactive terrariumsDaily News | Eat, Drink and Do: Vietnamese brunch, Philly Wine Fest and building self-sustaining bioactive terrariums
Les mer »
As shootings and carjackings climb at Philly gas stations, victims and grieving families file lawsuitsDaily News | As shootings and carjackings climb at Philly gas stations, victims and grieving families file lawsuits
Les mer »
Man shot in the face in West Philly, surveillance video released showing suspectsPolice are trying to track down the suspects who shot a man in the face last Friday in West Philadelphia.
Les mer »
2 Dead, 2 Hospitalized in North Philly House FireTwo people were killed while two others were hospitalized after a house caught fire in North Philadelphia Monday night.
Les mer »