S&P Dow Jones Indices Sets To Introduce Crypto Indices In 2021

S&P Dow Jones Indices, a division of financial data provider of S&P Global Inc., announced on Thursday that it will be launching cryptocurrency indices in 2021.

Based on s report by Reuters, S&P Dow Jones Indices branded products will use data from Lukka, a New York-based virtual currency company, making it possible for S&P’s clients to create customized indices and other benchmarking tools on cryptocurrencies.

while commenting on the move, Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices said, “With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks.”

Spotify In Search for Experts with Experience with Diem Stablecoin

Streaming music giant Spotify published two job roles for the positions of Associate Directors in Payment Division and Strategy and Innovation which require candidates to have extensive experience in stablecoin and cryptocurrency-related initiatives, especially Facebook-backed Diem stablecoin project, formerly Libra.

“This role will report to the Director, Payments Strategy & Innovation and will play a key part in defining and implementing Spotify’s payments strategy as well as leading Spotify’s activity within the Libra stablecoin project and wider digital asset & cryptocurrency space,” reads the job description.

Gemini Offers $200,000 Fund to Bitcoin Developers

Cryptocurrency exchange empire, Gemini has announced the launch of a Bitcoin development fund worth $200,000.

The funding which is tagged the Gemini Opportunity Fund will give $150,000 in bitcoin to Brink, a London non-profit fellowship program to sponsor Bitcoin developers.

Bitcoin Will Be Substantially Higher In 20 Years, Says Paul Tudor 

American billionaire hedge fund manager, Paul Tudor Jones expressed optimism while speaking to Yahoo Finance in an interview on Thursday that bitcoin will be substantially higher in 20 years.

He believes that bitcoin is yet to reach its full potential “In a world where you have got $90 trillion worth of equity market cap, and God knows how many trillions of fiat currency, it’s the wrong market cap, for instance, relative to gold, which is $8 or $9 trillion.”