Bitcoin & Beauty Products Powered This Hedge Fund’s Insane 46% Surge

Bitcoin & Beauty Products Powered This Hedge Fund’s Insane 46% Surge

Bill Miller, a former Legg Mason executive and a respected hedge fund manager, has recorded a 46 percent return year-to-date in 2019, with bitcoin and beauty product company Avon as key picks. Miller Value Partners Investors Score 46% Return in 2019 Despite the decline in the price of bitcoin from $14,000 to $9,700 in the…

Don’t Lose Your Crypto! 3 Ways DEXs Keep Your Funds Super Safe

Don’t Lose Your Crypto! 3 Ways DEXs Keep Your Funds Super Safe

TweetShareBy CCN: The recent Binance hack was a rude wake-up call to the entire crypto community. Some 7,000 bitcoins worth more than $40 million were taken from the centralized exchange. While crypto exchange hacks are nothing new, the Binance security breach was particularly shocking because the platform managed to attain a high level of confidence…

FBI Arrests ‘Crypto Bank’ CEO Who Embezzled ICO Funds

FBI Arrests ‘Crypto Bank’ CEO Who Embezzled ICO Funds

Advertisement Well, that escalated slowly. The CEO of “AriseBank,” who CCN previously reported as the target of an SEC injunction and civil proceedings in January, was arrested by the FBI this week without incident on charges of fraud to the tune of around $4 million, according to a press release from the Department of Justice.…

German Firm Xolaris Launches Two Bitcoin Mining Investment Funds

German Firm Xolaris Launches Two Bitcoin Mining Investment Funds

Advertisement CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. German investment firm Xolaris has launched a European private-equity fund focused on bitcoin mining. Xolaris expects to raise $34 million to $57 million for the four-year project, the company announced in a press release.…

Hong Kong Reveals Regulatory Framework for Crypto Exchanges, Funds

Hong Kong Reveals Regulatory Framework for Crypto Exchanges, Funds

Advertisement Twitter Facebook LinkedIn The Hong Kong Securities and Futures Commission (SFC) released a statement today stipulating the regulatory standards that would define the trajectory of virtual assets portfolio managers and fund distributors, according to an announcement on its website. As per CCN’s report, the regulator had proposed the framework in a research paper published…

Newsflash: Canadian Bitcoin Exchange ‘Hacked,’ Says All Funds are Gone

Newsflash: Canadian Bitcoin Exchange ‘Hacked,’ Says All Funds are Gone

Advertisement A small Bitcoin exchange based in Alberta, Canada, has gone offline. Before their Twitter page went offline, MapleChange had announced on Twitter that they “[had] no more funds to pay anyone back.” In the way of an explanation, the exchange had, approximately one hour before deleting its Twitter page, said that a “bug” had…

Report: Crypto Funds Makes 20% of Total Hedge Funds Launched in 2018

Report: Crypto Funds Makes 20% of Total Hedge Funds Launched in 2018

Advertisement The number of cryptocurrency hedge fund launches has increased dramatically in 2018 despite a bearish market, finds a new study. According to Crypto Fund Research, crypto funds now constitute 20 percent of the total hedge fund launches in 2018. The industry witnessed 90 cryptocurrency fund launches by the end of the third quarter of…

Breaking: Harvard & MIT Have Invested in Cryptocurrency Funds

Breaking: Harvard & MIT Have Invested in Cryptocurrency Funds

Advertisement At least five more university endowments have invested in cryptocurrency funds, suggesting that the “herd” of institutional investors is finally beginning to place at least a small bet on the nascent asset class. As first reported by The Information, a cadre of major educational institutions including Harvard University, Stanford University, Massachusetts Institute of Technology,…