World’s First Bitcoin Mining Fund Launched to Meet Big-Time Investor Demand

World’s First Bitcoin Mining Fund Launched to Meet Big-Time Investor Demand

Bitcoin cloud mining provider Genesis Mining has announced they will be launching the world’s first Bitcoin mining fund, called Logos Fund. This fund will allow investors to become a part of Bitcoin, without having to get involved with mining or buying the cryptocurrency through an exchange. Similarly to how Bitcoin ETFs allow investors to get involved in Bitcoin without holding the digital currency itself, Genesis Mining and the Logos Fund want to achieve a comparable goal. The Logos Fund will be catering exclusively to accredited investors, high net worth individuals, and investments....


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One time-tested measurement of an industry's promise is the amount of investment capital flowing into new ventures in the space, and now angel investor group BitAngels has closed a new fund that highlights the bright future of digital currencies and decentralised applications. Billed as the world's first "distributed veteran entrepreneur and angel investor group," BitAngels has been an active organization in the bitcoin community, having invested $7m into digital currency startups since its inception in 2013. BitAngels co-founders Michael Terpin and David Johnston sat down with CoinDesk at....

Quotes

So the Bitcoin experience gives us a glimpse of Libertarian paradise: What life would be like with as little government interference as possible, in a market free of burdensome laws and taxes. Unfortunately, that experience looks like a total nightmare. It's characterized by radical instability, chaos, the rise of a boss-class of criminals who assassinate people they don't like, and a mass handover of wealth to a minority even smaller than the 1% that currently

Jim Edwards, Founding editor of Business Insider UK