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Franklin Templeton Invests Entire Life Savings in Avalanche Network Because Reasons

Crypto NewsEthereumFeatured 2 Sam Rogers August 22, 2024

An illustration of a giant snowball rolling down a mountain with various financial symbols (stocks, bonds, coins) embedded in its surface; at the bottom of the image is an avalanche network logo surrounded by smaller money bags overflowing into each other as if pouring out onto the ground below. The background features subtle layers of blockchain technology elements and digital asset icons intertwined like tree branches on a winter forest landscape. A stylized version of Franklin Templeton's corporate identity appears at the top left corner, while an avalanche icon is embedded in its center;

The crypto bros are at it again! This time they’ve convinced a major asset management firm like Franklin Templeton that blockchain is somehow revolutionary or innovative (it’s not). They’re expanding their fund to the Avalanche network because… well, who doesn’t love an excuse to create more numbers on a computer? It’s just another way for these guys to make money off of gullible investors. And what’s with all this talk about “foundational pieces” and being part of some grand blockchain vision? Give me a break.

Source: cointelegraph

Franklin Templeton expands blockchain fund to Avalanche network
https://cointelegraph.com/news/franklin-templeton-onchain-us-money-fund-avalanche-expansion
Franklin Templeton, a global asset management firm, has expanded its Franklin OnChain US Government Money Fund to the Avalanche network. According to a press release shared with Cointelegraph, the expansion to the layer-1 blockchain will be the “first-of-its-kind onchain money market fund” on Avalanche. The fund, which launched in 2021, allows institutional investors access to Franklin Templeton’s blockchain-integrated record-keeping system, Benji Investments. Franklin Templeton’s decision to expand to Avalanche builds […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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