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Hong Kong investment firm to establish cryptocurrency bank

FxWirePro: BTC/EUR on verge of 'Symmetric Triangle' breach, stay short below 5355

Barclays denies developing crypto-trading platform, but bitcoin bulls prolong stern rallies

Australia's naval upgrade may not be enough to keep pace in a fast-changing region

FxWirePro: WTI and Brent trade updates as geopolitical risks causing oil price volatility

FxWirePro: ETH/EUR bears in minor trend resumes at ascending triangle resistance, uptrend drifts in whipsaws – Trade Tunnel Spreads

FxWirePro: A glance at beta of GBP put options against G10 majors amid Brexit crunch

Cryptocurrency Brief: Bitcoin surges over 10 pct in 24 hours following massive Tether sell-off, Hong Kong SFC to introduce crypto regulations to protect investors – Monday, October 15th, 2018

LTC/USD Chart pack - Investing properties and trade recommendations

FxWirePro: Capitalize on GBP/JPY upswings and bid 2m skews to execute diagonal put spreads

SWIFT likely to be revitalised by Ripple and Santander

FxWirePro: Bullish/bearish scenarios, OTC indications of EUR/USD and hedging strategies on potential risk events

Why a wetland might not be wet

Crypto and vols buzz in EM economies despite struggling prices

New set-up of Coinbase at Dublin for Brexit deadlock

FxWirePro: Expression of USD/BRL put/call calendars ahead of 2nd round of Brazilian politics

FxWirePro: Trend of Stable-coins – Top brass exchanges to list new stable-coins

FxWirePro: Harvard’s budding entrepreneurs to create crypto-hedge fund

Monday, April 23, 2018 11:15 AM UTC
0
comments

R&D is an ongoing phenomenon, about four decades ago, the operating system software was revolutionized and as a result, Microsoft was found in 1975. Two decades ago internet revolution took place, Google is established. Form last two decades, social networking has been the hot potato and umpteen numbers of social networking companies have formed including FB, Hangout, Whatsapp etc.

If your eye swings on the current era of technology, you may wonder what's happening with the latest generation, at Harvard tech entrepreneurs appear to cash in on cryptocurrency.

Bushra Hamid, the 19-year-old Syrian immigrants, joined her hands with her mates to establish Plympton Capital, which is going to a hedge fund meant for digital currencies.

Last week, we mentioned that the leading global hedge fund data whizz, Barclay Hedge launched its latest equal-weighted index, the Cryptocurrency Traders Index, evidencing that participants in the industry plunged almost over 29% in March 2018. It is down by 43% year to date, posted three consecutive monthly losses.

Contrary to this news, Hamid mentions about her aims to launch within six to eight weeks, starting with a whopping $1 million. Plympton, named for a street in Cambridge, Massachusetts, funds are already raised about $700,000 from her kith and kins.

While many techno-savvies have fiddled in cryptocurrencies, funds became interested in the last few years. About 226 have opened so far, most of them within the past year, managing as much as $5 billion in the capital, according to Autonomous Research.

Bitcoin, the bellwether for the entire market, has retreated from last year's heights, sending the crypto fund returns down 48 percent in the first quarter, according to the Eurekahedge Crypto-Currency Hedge Fund Index.

Hamid has been apparently contacting attorney John Lore for assistance in building funds as for the cryptocurrency hedge fund industry, it seems the ideal time to start up the infrastructure to set up a fund.

Currency Strength Index: FxWirePro's hourly BTC spot index has shown 83 (which is bullish), while hourly USD spot index was at 87 (bullish) while articulating at 11:06 GMT. For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex.

FxWirePro launches Absolute Return Managed Program. For more details, visit: 

http://www.fxwirepro.com/invest

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Economics Monitor

October 23 19:00 UTC Released

ARTrade Balance

Actual

314 %

Forecast

150 %

Previous

-1127 %

October 23 14:00 UTC Released

EZConsumer Confid. Flash

Actual

-2.7 %

Forecast

-3.2 %

Previous

-2.9 %

January 31 00:00 UTC 383024383024m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 383024383024m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 394844394844m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 383024383024m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 394844394844m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 383024383024m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 383024383024m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 383024383024m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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