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Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say
19.2.2021
Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point
German Cannabis Firm Hedges Bitcoin to Protect from Massive Currency Devaluation
18.2.2021
On Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany that’s listed on the Frankfurt Stock Exchange and Xetra, has announced it is leveraging bitcoin to hedge against the euro. Synbiotic’s chief executive officer, Lars Müller explained that the company...
Even The Justice Department Is Looking Into The GameStop Stock Fiasco
12.2.2021
While the dust starts to settle around GameStop’s meme stock phenomenon, investigations into the hedge funds, trading platforms, and the Reddit community that fueled it are just getting started. Many people have already lost a lot of money, but even more could be on the line if lawmakers...
Bill Miller’s Multibillion-Dollar Hedge Fund to Add Bitcoin Exposure via GBTC
7.2.2021
Billionaire hedge fund manager Bill Miller’s flagship fund will soon be able to add bitcoin exposure by investing in Grayscale’s bitcoin trust (GBTC), according to its filing with the U.S. Securities and Exchange Commission (SEC). The fund currently has about $2.25 billion in assets...
Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison
7.2.2021
The founder of two cryptocurrency hedge funds has been charged in U.S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments. The U.S. Department of Justice (DOJ) announced Thursday that...
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’
6.2.2021
Grayscale Investments has surpassed the milestone of $30 billion in net crypto assets under management (AUM). The company says the tremendous growth is due to institutional investors, particularly hedge funds. Grayscale revealed Friday that its net total crypto assets under management now stands...
Bill Miller-Run $2.25B Fund May Buy GBTC to Gain Bitcoin Exposure of Up to 15%
6.2.2021
The fund noted that it would not expose more than 15% of its $2.25 billion in assets to bitcoin
Crypto Hedge Fund Founder Pleads Guilty to $90M Fraud
5.2.2021
Virgil Capital founder Stefan Qin lied to investors and siphoned off millions to fund a lavish lifestyle
Hedge or cyclical? Eternal debate on Bitcoin’s status sees a new twist
4.2.2021
Crypto might not be a great hedge in the strict traditional sense, but it can guard investors against policy and currency risks
Congress Calls On Reddit Meme Stock Trader To Testify About GameStop
4.2.2021
Rep. Maxine Waters announced that Reddit investor DeepFuckingValue, AKA YouTuber Roaring Kitty, AKA former insurance marketer Keith Gill, will testify before Congress about what the hell has been going on with GameStop’s stock later this month.Read more
CME chief economist hints Bitcoin is gaining ground on gold as a hedge
3.2.2021
Why can't we be friends? The gold versus Bitcoin debate rages on
Crypto hedge fund refutes JPMorgan’s claim that Bitcoin ETF is short-term negative for BTC
3.2.2021
Research from Tyr Capital Arbitrage SP refutes JPMorgan’s claim that a Bitcoin ETF holds negative connotations for the BTC price
Wall Street Bets and Gamestop Saga to Be Made Into a Movie
2.2.2021
The Wall Street Bets saga, an incredibly ridiculous story about a group of amateur Reddit investors who beat career Wall Street hedge funds at their own game, is to be made into a movie. According to a report by online news site Deadline on Jan. 31, Metro Goldwyn-Mayer (MGM) won the rights...
Silver Squeeze Goes Viral, Ounce of Ag Jumps Above $30, Wallstreetbets Fans Question Trend’s Legitimacy
2.2.2021
This past week, another social media trend started on the Reddit forum r/wallstreetbets, which aims to initiate a large silver short squeeze in order to push the price of the precious metal to $1,000 per ounce. However, the silver squeeze trend comes with controversy, as numerous wallstreetbets...
GameStop’s Stock Can’t Save You
1.2.2021
GameStop’s rollercoaster ride through the absurd machinery of the stock market has been fun to watch. It sent some of CNBC’s finest minds scrambling to Wikipedia to find out what Reddit is and allowed for Very Serious Thought Leaders to peddle all sorts of pet theories, like blaming GameStop’s...
Have the Hedge Funds Infiltrated Reddit’s WallStreetBets?
1.2.2021
The media keeps saying WallStreetBets is going after silver; WallStreetBets members say it’s a campaign to co-opt and divide them
Robinhood Can’t Democratize Finance Using Old Tools
1.2.2021
Robinhood saw the ire of traders last week because it promised to be different. It turned out to be fancy app on top of an antiquated system
Hedge fund behind shorting GameStop reports 53% loss in January
31.1.2021
A Melvin Capital client claims that the firm has "massively de-risked" its investment portfolio following the controversy involving short-selling GameStop stocks
World’s Largest Hedge Fund Bridgewater Has Crypto Plans — Founder Ray Dalio Calls Bitcoin ‘One Hell of an Invention’
31.1.2021
The founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm, has clarified his view on bitcoin and cryptocurrency. Ray Dalio also reveals that he and his colleagues at Bridgewater “are intently focusing on alternative storehold of wealth...
The Small Guys Rebel Against their Big Brother Hedge Funds
30.1.2021
What the GameStop stock market chaos can teach crypto and why the Bank of International Settlements is pitching central bank digital currencies (CBDC) instead of crypto. Also the privacy concerns around China’s digital yuan