THIS NEWSLETTER IS SPONSORED BY |  |  | Apple CEO Tim Cook reveals that he owns some cryptocurrency |  | Tim Cook, the chief executive of Apple Inc., said Tuesday that he owns cryptocurrency.
Cook made the comments during an interview with the NYT's DealBook during its Online Summit event. "I think it's reasonable to own it as part of a diversified portfolio," he remarked.
It's a notable announcement, though far from a signal that Apple is looking to expand its crypto footprint — at this stage, at least.
"It's not something we have immediate plans to do," Cook said when asked if the computing giant was looking at crypto as a possible payment method within its services. He also shot down any idea that Apple might tap bitcoin as a treasury investment, saying that "I don't think people buy Apple stock to get exposure to crypto."
Still, Cook indicated that "[t]here are other things that we are definitely looking at." What that might entail remains to be seen, but as reported in May, Apple cited cryptocurrency experience in a job ad for a business development role focused on alternative payment methods. | | |  | Fed poll: Financial industry participants are more worried about crypto than climate change | On November 8, the Federal Reserve published its latest financial stability report. The report highlights a range of vulnerabilities in the financial sector, including a section on stablecoins, comparing their risks to money market funds. | New blockchain law journal publishes the first issue of its first volume | On November 9, the Global Blockchain Business Council released the first issue of the first volume of the International Journal of Blockchain Law. Editor-in-chief Matthias Artzt described the publication as "written by lawyers for lawyers and professionals dealing with blockchain technology." | Reddit co-founder to invest $100 million in social media on Solana | During a fireside chat with Solana co-founder Raj Gokal, Reddit co-founder Alexis Ohanian said, "One of the reason why i'm here is to announce — I have a venture fund called 776 — we're earmarking $50 million to invest in the next wave of social, built on Solana." | | | THIS NEWSLETTER IS BROUGHT TO YOU BY | Get Up to $3,000 in Bonuses
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| | | For the fourth consecutive month, the NFTs/Gaming vertical has been the most popular deal type. Interest in this vertical has been so high that not only did its number of deals increase by nearly 80% MoM, but it also represented nearly 42% of all crypto deals that occurred in October. | | | You are receiving this e-mail because you are subscribed to The Block's free newsletter. If someone shared this newsletter with you, you can easily subscribe to receive it in your inbox here. If you're looking for even more content, we have a separate newsletter for The Block Research, which you can sign-up for here. | | | | |
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