News > Blockchain, Financial Services

Value Firm’s New Crypto Hedge Fund Is Using “Proprietary Machine Learning Algorithms” to Post Returns of 340%
Towards the end of 2017 and the beginning of 2018, the world became obsessed with crypto assets. In many countries, the Bitcoin price became front-page news and investors of all experiences rushed to buy into the bubble. The price of Bitcoin and other cryptocurrencies peaked in mid-December 2017. We can now safely say that this was a bubble in crypto
Advisory Group Recommends EU Regulate Most Crypto Assets Under Existing Securities Rules
When a federal judge in New York ruled last month that the U.S. government could proceed with a fraud case in which it alleges that an initial coin offering (ICO) is a security, it potentially gave the Securities and Exchange Commission an important precedent as it tries to solve a problem that is vexing regulators across the globe: How exactly
A Latin American Angel Investor's Advice On How to Succeed in Tech
Benzinga recently examined Merlin, a jobs platform that matches mostly blue-collar hourly talent with employers looking to hire. One of the co-founders, Güimar Vaca Sittic, a New York-based tech entrepreneur and prolific angel investor who's backed more than 100 companies, shared the successful tech venture's story. Merlin counts on over 50 employees working from Bogotá, Colombia, New York City and
Korea’s KB Financial Scores Patent for Blockchain Cybersecurity App
South Korean finance juggernaut KB Financial has reportedly been awarded a patent for its blockchain-based cybersecurity app, according to Cointelegraph, citing local news source The Digital Times. The new patent centers on a blockchain-cored solution which improves an “essential” security program for fintech apps by separating it from individual apps, thereby enhancing safety. The separation also has the bonus of
Fidelity Launches New Crypto Unit to Service Institutional Investors
Fidelity Investments announced on Monday that it has launched a new unit to manage cryptocurrency assets for hedge funds, family offices and market intermediaries. The new company, called Fidelity Digital Asset Services, LLC, will offer institutional investors custodial services and trade execution. The company said in a statement that it began researching digital assets in 2013 as part of its
Seeking Alpha in Bitcoin or Ethereum? Try Cryptocurrency Hedge Funds
Cryptocurrency hedge funds are still a fairly new investment vehicle, but we’re already getting a pretty good idea of how they stack up against simple passive investments in two common underlying currencies. The bitcoin price and ethereum price have both plunged this year, leaving cryptocurrency hedge funds scrambling for cover. However, performance data shows that in a down year, investing
Cryptocurrencies Saw About $13 Billion in Value Erased in Three Hours
Stop us if you've heard this one before: Cryptocurrencies suffered massive losses that has placed its record highs of 2017 further in the rearview mirror. In a year of unrelenting terrible news for digital coins, Thursday's results were a doozy: Bitcoin had dropped almost 5 percent in morning trading to $6,303, while XRP and ethereum both plunged more than 10
Activist Investor Plans to Disrupt the Traditional VC Model, Blockchain Style
One of Asia’s pioneer activist investors is now looking to transform the venture capital space through a decentralized blockchain ecosystem, writes the Block Tribune: The man who set up one of the first activism hedge funds in Hong Kong has launched SuperNode Community (SNC), a decentralized blockchain ecosystem that aims to democratize the traditional venture capital (VC) model for startups.
Summer Capital Acquires Stake in Pending ‘Cryptocurrency Investment Bank’
Hong Kong-based investment firm Summer Capital is betting that regulators will allow SEBA Crypto AG to become the world’s first crypto investment bank, according to the SCMP: Summer Capital spokesman Jack Chung said he expects SEBA, which is headquartered in the affluent Swiss municipality of Zug, to receive approval as a banking and securities dealer by the Swiss Financial Market
Yale's David Swensen Makes First Investments in Cryptocurrency
David Swensen, the legendary chief investment officer of Yale University's $29.4-billion endowment, has apparently bucked the trend of some other high-profile investors and begun betting on the cryptocurrency market. CNBC is reporting that Swensen has invested in two crypto-focused venture funds: Andreessen Horowitz's recently launched $300 million fund and Paradigm, which is a new fund focused on blockchain and cryptocurrency