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Vanguard names Bitcoin-friendly former BlackRock exec as new CEO

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Asset management giant Vanguard has appointed Salim Ramji, a former executive at BlackRock known for his favorable stance on Bitcoin, as its new CEO. Ramji will take over from Tim Buckley, a longtime critic of Bitcoin, starting July 8.

Vanguard began its search for a new CEO in late February following Buckley’s announcement of his retirement plans. Ramji’s departure from BlackRock came shortly after he played a role in the launch of the iShares Bitcoin Trust on January 11, 2024. As the former Global Head of iShares and Index Investments at BlackRock, he was also a member of the firm’s Global Executive Committee.

Notably, Vanguard faced backlash from some of its longstanding clients in January when it opted not to offer spot Bitcoin ETFs on its brokerage platform. This decision coincided with Vanguard’s offering of the “Inverse Jim Cramer ETF.” Despite pressure, Vanguard reiterated its stance against offering spot Bitcoin products, citing a misalignment with its investment philosophy.

Ramji’s appointment as CEO raises speculation about potential shifts in Vanguard’s approach to cryptocurrency and Bitcoin in particular. However, Vanguard remains steadfast in its position, emphasizing its focus on traditional asset classes like equities, bonds, and cash as the foundation of a well-balanced, long-term investment portfolio.

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Source: cointelegraph.com

The post Vanguard names Bitcoin-friendly former BlackRock exec as new CEO appeared first on HIPTHER Alerts.

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Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision

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Alpine Web3 and Everdome are joining forces to push the boundaries of fan engagement through immersive digital experiences. Building on Alpine’s storied motorsport legacy, this partnership will bring fans closer to the action with metaverse pop-up spaces and interactive events.

As Alpine Web3 shifts its focus beyond motorsport, this collaboration aims to redefine sports marketing by merging the physical and digital worlds, offering fans a dynamic and innovative way to connect with their favorite teams and events.

Alpine is a brand with a long and successful history, founded in 1955 by Jean Rédélé and quickly building success across multiple motorsports disciplines. With titles across multiple motor racing disciplines such as the World Rally Championship, 24 Hours of Le Mans, success in F1® racing and the FIA WEC Endurance World Championship, Alpine has constantly innovated for success.

Now Alpine seeks to expand their innovation beyond motorsport, looking for ways to engage new audiences with experiential sports marketing as the real and digital worlds converge.

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This two-way partnership will see Everdome work on a variety of experiential Alpine focussed destinations, kicking off with a series of metaverse pop-up spaces for Alpine Web3, released to coincide with the major sporting events across their race calendar, from Formula One® and beyond.

Everdome will also create interactive events with Alpine Web3 and their partners, allowing global audiences to take one step closer to the action as we explore the future of sports fan engagement together.

Last year, Everdome and Alpine first collaborated with an exclusive metaverse AMA with their F1® driver Pierre Gasly and Binance Fan Token, creating an interactive event where the audience could join with their avatar-likenesses inside a unique environment, bringing them closer to their racing heroes inside a digital world.

“Experiential marketing is on the rise as audiences react positively to immersive, interactive experiences which bring a feeling of deeper involvement with their sporting teams and heroes.’’ said Artur Kaczmarczyk, Chief Growth Officer for Everdome. “This new partnership will explore a future of sports fan engagement, creating a series of activations across the motorsports racing calendar to let global Alpine fans feel closer to the team, drivers and brand.’’

Beginning with metaverse spaces highlighting images and videos from Alpine inside fully interactive, avatar-led digital environments, Everdome will go on to create a dedicated and permanent metaverse footprint for Alpine Racing inside their digital headquarters, showcasing their glorious history, exciting present and promising future.

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“This collaboration with Everdome underlines our commitment to constant innovation through leveraging the latest technology”, said Guillaume Vergnas, Head of Merchandising, Licensing, Esports & Web3 at Alpine. ‘’Motorsport has always been about passion, spectacle and interaction, and with Everdome we seek to allow audiences a taste of the spectacle in a novel digital world.’’

Everdome will introduce their large community of web3 followers and metaverse pioneers to Alpine’s exciting web3 ecosystem, paving the way for some exciting cross-project collaborations, activations and more across 2024 and beyond.

The post Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision appeared first on HIPTHER Alerts.

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Blockchain Technology Market Size to Achieve USD 1,879.30 Billion by 2034

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Blockchain Technology in BFSI Market Is Expected To Reach a Revenue Of USD 258.2 Bn By 2033, at 46.0% CAGR: Dimension Market Research

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