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Reality Shares, an asset management firm based in California, will be launching a $ 100 million multi-strategy crypto hedge fund, a source told Business Insider. According to the company insider, the crypto fund will be “a mix of arbitrage, venture, and directional strategies.” Reality Shares has already obtained $ 25 million for the fund, the source said. The
The post Blockchain ETF Provider Will Launch a $ 100 Million Crypto Hedge Fund: Report appeared first on CCN
ICO exit scams over the last two years have left people $ 96.8 million out of pocket, according to data compiled by blockchain intelligence firm Diar.
However, this is only a drop in the ocean with regards to the influx of investment the cryptocurrency space is receiving. For context, blockchain start-ups have raised over $ 6.8 billion from ICOs in 2018 alone. Nonetheless, $ 100 million is an eye-watering amount. Let’s look at the top 5 ICO exit scams.
A blockchain startup wants to raise nearly $ 100 million dollars to create a new form of fantasy football aimed to bring fans together.
CoinDesk
A new report from a Korean accounting firm has found the South Korean crypto exchange giant to be 100% solvent in light of recent worries about misconduct. A May raid on the company’s headquarters worried investors, who are now letting out sighs of relief as audits reinforce the company’s integrity.
The Seoul-based company UPbit was able to prove its integrity to investors, Forbes reported on Sunday evening. The audit comes amidst a May 10th and 11th raid on the company’s Gangnam branch by Korean authorities. Forbes reports that:
Bubbletone and DeHedge have signed an agreement to hedge Bubbletone UMT tokens via the DeHedge risk-hedging platform with100% protection against token price drops. Сontract value is the $ 1 mln equivalent in UMT tokens.
For the first time in crypto history, a fintech company is providing 100% risk hedging for a project. This is a game-changing initiative, which can bring down barriers preventing large players of traditional money markets from investing in cryptos.
The post Adult entertainment digital currency WankCoin accepted on 100+ sites appeared first on CoinReport.
Bitmain, the largest of the Bitcoin mining operations, is putting its muscle behind mobile payments and cryptocurrency trading firm Circle by leading a $ 110 million Series E round of funding, the companies announced on Tuesday, March 15, 2018, at Consensus in New York City.
Several other venture capital firms, including Breyer Capital, General Catalyst and Accel, joined the round, which now pushes the value of Boston-based Circle to $ 3 billion, from a reported $ 480 million in 2016, according to a statement by Circle.
There are reportedly more than 100 exchanges in South Korea, most of which are not using the government’s real-name system. None of the small and medium-sized exchanges can use this system since banks have opted to only provide this service to the country’s largest exchanges.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
It has been over 100 days since the government’s real-name system was implemented at the end of January. However, most crypto transactions are still not made through this system. All small and medium-sized exchanges continue to transact through corporate accounts. Business Korea elaborated:
Coinbase has completed the acquisition of Earn.com, an app that lets users get cryptocurrency for answering emails and completing tasks. The Earn startup team joins the company and the founder will serve as its first CTO, as part of the deal.
Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49%
San Francisco-based cryptocurrency exchange Coinbase has announced today that it has acquired Earn.com (formerly known as 21 Inc). As we reported in the past, the service allows senders to pay users in cryptocurrency to reply to emails and complete tasks. Coinbase CEO Brian Armstrong said: “We’re going to be doubling down on the Earn business within Coinbase, as they have built a paid email product that is arguably one of the earliest practical blockchain applications to achieve meaningful traction.”
A Bitcoin investor has waited less than 200 days to double their money during any period since 2011, new data reports.
Uploading a chart showing how often investors gained 50% and 100% on their investment into BTC, a social media cryptocurrency commentator calculated a median value of 189 days for funds to increase twofold.
The figures make interesting reading as both Bitcoin and altcoin prices continue to fall towards $ 6500 March 30, having extended losses which began back in December.
Bitcoin price has almost doubled from its lowest price in February, hitting over $ 11,000 once more according to averaged figures from major exchanges Friday.
The refreshing comeback, which lifted BTC/USD from a slump below $ 6000 early last month to highs of almost $ 12,000 just weeks later, has spurred fresh optimism on the largest cryptocurrency’s long-term prospects.
On Thursday, stock trading expert Ronnie Moas noted similarities between Bitcoin’s performance and that of Amazon’s stock, suggesting the run-up to 2033 will see BTC mimic the giant’s $ 750 billion successes.
Litecoin creator Charlie Lee has “sold or donated” his entire Litecoin wealth to avoid “conflicts of interest” arising from its growth.
In a Reddit post today, Lee made the surprising admission after what he described as “accusations” he was engaged in various activities for “personal benefit.”
Lee wrote:
For this reason, in the past days, I have sold and donated all my LTC. Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to Litecoin’s success. […] For the first time in 6+ years, I no longer own a single LTC that’s not stored in a physical Litecoin.
OpenBazaar has just run the first successful test on its upcoming version 2.0, designed to run on the Tor privacy network.
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