Reuters Bitcoin crossed the $8,000 mark for the first time on Wednesday since March ahead of “bitcoin halving” that will take place on May 12. Some analysts expect the bitcoin halving to increase prices. “After the two previous halvings, we’ve seen the price reach an all-time high within 3-9 months …
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Reuters The cryptocurrency market added $13 billion in value over the past day as bitcoin jumped more than 6% Thursday evening. Bitcoin has rallied more than 100% from its March 16 low and has eclipsed $10,000 for the first time since February. The three major reasons for the move include …
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Spencer Platt/Getty Images Hedge funds posted their best month in more than a decade as March’s lows gave way to a resounding rally through April. Eurekahedge’s Hedge Fund Index gained 3.7% last month, its biggest jump since May 2009. A combination of Federal Reserve action, risk-on attitude, and optimism toward …
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Reuters An investor in cryptocurrency hedge funds saw nearly 99% of a $250,000 investment wiped out after his chosen fund collapsed during the market meltdown. “I don’t really know what happened,” Vlad Matveev told the Financial Times. Matveev detailed Cryptolab Capital’s explanation in a Medium blog post: the fund took …
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