A new crop of bitcoin-focused hedge funds wants to direct sophisticated investors into the cryptocurrency markets.
Bitcoin Hedge Fund - Money MorningBut the Winklevoss brothers may be beaten to the punch (again), if New York-based SecondMarket Inc., a trading platform for nonpublic companies, has its way.
The new fund, dubbed Global Advisors Bitcoin Investment Fund—or GABI for short—will launch August 1 and hold Bitcoin denominated in sterling, initially marketing itself to a U.K., European and Middle Eastern clientele, then launching a U.S. companion fund.Gox (said to have resulted in the loss or theft of 850,000 Bitcoins), a telecommunications company, Perseus Telecom, and Bitcoin-trading platform Atlas ATS launched a high-speed global trading platform in March for digital currencies, with outposts in the U.S., Hong Kong and Singapore.Bitcoin Futures.
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If I want to wire money from London to Beijing, I still get charged an outrageous amount of money for it, and it takes days.Bitcoin Short: ETF Firm Rex Eyes Downside Potential With Fund Filing.The director of 1 of the first bitcoin hedge money made available praise for first coin offerings (ICOs) currently, arguing in an investor take note that the.The enterprise-facing Hyperledger Fabric blockchain now has its own accelerator, one backed by a notable venture investor.
Why Big Investors Are Betting Real Money on a Kik Cryptocurrency.Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
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Download Now: CoinDesk Launches Q2 State of Blockchain Report.The biggest challenge in all these endeavors, says Luria, is that while Bitcoin is demonstrably cheaper and faster than other payment processors like PayPal, Visa and Mastercard (all of which he has compared with Bitcoin), the security of Bitcoins remains a rather risky enterprise.
Just this week, the Winklevoss twins, Cameron and Tyler—best known for their legal skirmishes with Facebook co-founder Mark Zuckerberg—filed a statement with the Securities and Exchange Commission stating they will launch a publicly traded Bitcoin exchange-traded fund on the Nasdaq under the trading symbol COIN.SecondMarket also has announced plans to open a Bitcoin exchange in New York.A rapid-fire string of good news over the past week has help nudge up the price of Bitcoin.