Cryptocurrency hedge funds have become a lot more popular in the past few months. Dozens of firms have set up ways to expose investors to the volatility of the cryptocurrency industry. It now seems Harvard University students have gotten into the game, as four of them have set up the Plympton Capital initiative. The Cryptocurrency Craze Continues For the average consumer, there are many ways to invest in Bitcoin and other cryptocurrencies. Buying said currencies directly is not even a requirement these days, although owning cryptocurrency directly is always preferable over dealing with custodians of funds. For those who aren’t lookingPowered by WPeMatico
The SEC has reportedly summoned the managers of several cryptocurrency-focused hedge funds. This sector has been rapidly growing over the past year and the American regulators apparently want to make sure they have a handle on the situation and to ensure that funds are not going to fields they disapprove of such as ICOs. Also […]
Billionaire investor Michael Novogratz pulled back from bitcoin toward the end of last year, citing market volatility, and ultimately scrapped his much-anticipated crypto hedge fund as a result. He’s since returned with a market-defining announcement of plans to open a full service crypto merchant bank, which some are describing as the ecosystem’s Goldman Sachs, and […]
The looming shadow the United States federal government casts over the vibrant cryptocurrency industry grew somewhat darker last week. “By and large, the structures of initial coin offerings that I have seen promoted involve the offer and sale of securities and directly implicate the securities registration requirements…”. This remark was published on December 11 by […]
The financial mogul Michael Novogratz, a former Fortress Investment Group executive, stated back in September that he planned to start a cryptocurrency hedge fund. Now according to reports, the former macro trader is putting the hedge fund on hold as he’s not as confident as he once was, regarding bitcoin’s price. Novogratz believes the price of […]
With the launch of bitcoin futures by two leading American options exchanges, lending the cryptocurrency more credibility among mainstream investors, Wall Street is turning to known figures to explain the phenomena. One proven financial wizard they might listen to is legendary value investor Bill Miller whose hedge fund is now holding 50% of its assets […]