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Hedge fund Numerai is offering $50 million of its numeraire (NMR) token to quants, researchers and even fellow funds that provide original stock market “signals” into its data clearinghouse, Numerai Signals.UPDATE (10/12/20 19:32 UTC): This article has been updated to reflect who can utilize Numerai and how the payout mechanism
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Cayman Islands-based The Panxora Group is kicking off a new quantitative hedge fund on Monday, November 2, 2020 — designed to generate profits from the rapidly
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Former White House chief of staff under U.S. President Donald Trump Mick Mulvaney is running a hedge fund. Since 2014 Mulvaney has been recognized as a pro-Bitcoin (BTC) official, encouraging practical regulation of cryptocurrencies.The new fund called Exegis Capital was announced during a podcast with S&P Global Market Intelligence. Mulvaney
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"Bitcoin is ... the only known commodity in the universe that has a deterministic and fixed supply," the Winklevoss brothers wrote in a blog post saying the cryptocurrency may one day hit $500,000. Source
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Mathew J. D’Souza, crypto entrepreneur and CEO of Blockware Solutions, died on Aug. 21 after a seven-year fight with leukemia. He was 29. D’Souza’s firm, a major U.S.-based mining rig distributor, announced his death and said a memorial service would be held in Park Ridge, Ill., where the company is
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The Dow Jones slumped on Tuesday, despite briefly rising after the opening bell. The index is on the cusp of its biggest makeover in nearly a decade. One bearish hedge fund refuses to concede that the stock market recovery is for real. The Dow Jones Industrial Average (DJIA) rally fizzled on Tuesday, as
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The open interest for CME Bitcoin Futures has surged over 100% over the last month as concerns of inflation drive institutional players to the crypto market. Institutions see BTC as a good hedge while the central banks continue to add more money to the ecosystem.Chicago Mercantile Exchange’s (CME) Bitcoin futures see
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Since Black Thursday, Bitcoin (BTC) has become a better hedge against the U.S. dollar than gold. At the same time, its correlation with the S&P 500 Index reached unprecedented highs.Correlations chart. Source: Coinmetrics.Diverging paths after Black ThursdaySince the disintegration of the Bretton Woods system in 1971, investors have looked to
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According to Kraken crypto exchange CEO Jesse Powell, there has been a massive influx of new accounts from all types of investors. The trend coincides with Bitcoin’s (BTC) strong recovery from $3,600 to over $9,000.Powell’s statement aligns with similar observations made by Coinbase earlier this year when the exchange also
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While fears of a “great monetary inflation” have driven the recent bitcoin narrative, other aspects like censorship resistance and peaceful protest matter just as much. Today’s main topic: Why inflation isn’t the only bitcoin narrative that matters.When bitcoin’s halving coincided with the most aggressive central bank policy of all time, it
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