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- Emory University Makes Historic $16M Bitcoin ETF Investment, Leading Non-Profit Sector’s Move into Crypto
Emory University Makes Historic $16M Bitcoin ETF Investment, Leading Non-Profit Sector’s Move into Crypto
News on the Blockchain
October 29, 2024
@newsontheblockchain, 29/10/2024
Confidence in Knowledge. Providing daily news to make sure you're up to date!
🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 759
Market Cap: $2.35T (+1.21%)
24h Volume: $98.53B (+82.01%)
Bitcoin Dominance: 59.72%
Ethereum Dominance: 13.40%
ETH Gas Price: 5.9 Gwei
Fear & Greed Index: 60 (Greed)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $70,920.13 | +3.71% | $1,402,420,536,421 | $47,288,072,195 |
Ethereum (ETH) | $2,610.44 | +3.90% | $314,309,144,442 | $21,554,378,662 |
Tether (USDT) | $0.9992 | +0.06% | $120,246,669,067 | $78,142,214,757 |
BNB (BNB) | $604.24 | +2.19% | $88,177,433,613 | $1,781,701,287 |
Solana (SOL) | $179.86 | +2.40% | $84,581,384,617 | $4,042,883,165 |
💹 Market Highlights:
Total DeFi Volume: $4.58B (4.64% of total)
Stablecoins Volume: $92.87B (94.26% of total)
Coin with highest % change: AIC (+7.30%)
📈 Preview On Today’s News:
- Emory University Makes Historic $16M Bitcoin ETF Investment, Leading Non-Profit Sector’s Move into Crypto
- Japanese Man Sentenced for AI-Driven Crypto Ransomware Highlights Risks of Generative AI in Cybercrime
- US Election’s Potential Impact on Crypto Market Volatility: Insights from Morgan Stanley and Standard Chartered
🔥Heat Map:
Top 10 News for today:
1)
Emory University Makes Historic $16M Bitcoin ETF Investment, Leading Non-Profit Sector’s Move into Crypto
Emory University, a private institution in Georgia, has disclosed $16 million in Bitcoin ETF holdings, marking it as the first endowment to report exposure to Bitcoin. This investment includes $15 million in Grayscale’s Bitcoin Trust and more than 4,300 shares of Coinbase, adding Emory to the list of institutions diversifying into crypto amid the rising popularity of Bitcoin ETFs since their U.S. approval earlier this year. Emory’s move highlights growing institutional interest in cryptocurrency, with similar investments from state pension funds in New Jersey and Wisconsin. Emory’s disclosure further broadens the scope of non-profit engagement in the crypto market, signaling an evolving trend as organizations adapt to the shifting global economy.
Emory University disclosed $16 million in Bitcoin ETFs, with $15 million in Grayscale’s Bitcoin Trust and additional Coinbase shares, marking it as the first endowment with Bitcoin exposure.
Institutional interest in crypto has surged in 2024, with Emory joining a broader trend of organizations, including state pension funds, investing in Bitcoin as the asset's popularity continues to rise.
2)
Japanese Man Sentenced for AI-Driven Crypto Ransomware Highlights Risks of Generative AI in Cybercrime
A recent legal case in Japan underscores the potential dangers of generative AI misuse in cybercrime. Ryuki Hayashi, a 25-year-old Japanese man, was sentenced to three years in prison, suspended for four years, for creating ransomware that demanded cryptocurrency payments to unlock encrypted data. Despite Hayashi’s remorse and cooperation, the case marks Japan's first conviction for AI-assisted cybercrime. By circumventing AI safety features, Hayashi demonstrated how generative AI could be exploited for malicious purposes, raising concerns for digital security. This case serves as a reminder of the ethical responsibilities accompanying advanced AI tools, as society faces the need to safeguard innovation from potential abuse.
Generative AI Misuse and Cybercrime: Hayashi's case highlights the risks of AI misuse, particularly in creating ransomware targeting crypto payments, marking Japan's first conviction for AI-driven cybercrime.
Ethical and Legal Implications: The suspended sentence reflects judicial concerns over AI exploitation in cyber threats, emphasizing the need for vigilant and ethical AI usage to prevent future abuses.
3)
US Election’s Potential Impact on Crypto Market Volatility: Insights from Morgan Stanley and Standard Chartered
As the US election approaches, financial giants Morgan Stanley and Standard Chartered forecast a significant impact on the crypto market, driven by election outcomes and related macroeconomic events. Morgan Stanley analysts Monica Guerra and Daniel Kohen suggest investors adopt long-term strategies, anticipating heightened volatility if election results are delayed. They caution that political uncertainty and potential shifts in policy could cause temporary downturns in crypto prices. Standard Chartered, however, projects substantial gains for Bitcoin if a pro-crypto candidate, particularly a Republican, secures the presidency, forecasting potential price surges up to $125,000.
Morgan Stanley advises long-term strategies, citing the potential for increased crypto market volatility due to election-related uncertainties and delayed results.
Standard Chartered anticipates Bitcoin price spikes up to $125K if a pro-crypto candidate wins, highlighting election outcomes as a pivotal factor in the crypto market's direction.
