New Active Trading Bitcoin Fund Seeks UK Investors
A new bitcoin investment fund, which will actively trade the bitcoin markets, will soon launch in London. The Bitcoin Superfund will use a combination of algorithmic and human trading to achieve a higher rate of return than a simple 'buy-and-hold' strategy, its founders claim. There is no specific launch date at present, but the Superfund is in the process of identifying institutional and high-net-worth investors to reach a target of £5m ($8.3m) under management at launch. Don't just hold, trade. Rival bitcoin investment funds already exist, notably the Exante Bitcoin Fund and....
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On-chain data shows large institutional investors are still active in the Bitcoin market through over-the-counter (OTC) trading. While Bitcoin Fund Flow Ratio Goes Down, Tokens Transferred Moves Up As pointed out by an analyst in a CryptoQuant post, institutional investors still seem to be active in the BTC market behind the scenes. The “tokens transferred” […]
A16z has launched a new fund that seeks to invest $600 million in gaming experiences including Web3 and metaverse. The fund, which seeks to build the future of the gaming industry, aims to back several startups and projects in different areas including gaming studios, the intersection of gaming and consumers, and infrastructure. This move complements the investments that the VC has made in other gaming and metaverse-involved startups.
A16z Doubles Down on Gaming
Executives at a16z seem to be enticed by the intersection of metaverse, Web3, and gaming happening now in the industry.....
Popular Australian trading platform Btc.sx is in negotiations with US and Asian investors. Btc.sx is a Bitcoin derivatives trading platform, created in Australia. Operating from their office in Singapore and London, Sydney was more expensive; they offer derivatives. These can best be described as instruments that allow investors to trade in something indirectly. As the name implies, they are "derived" units of value. Btc.sx is currently the most popular platform for doing trades like this. The success of this website attracted major capital. The trading platform is on the brink of securing....
First Global Credit announces a 10BTC trading fund for the winner of a market trading competition. From March 16, users taking part will have a month to trade their way through global financial markets. Players in the contest will use First Global Credit's paper trading service to work the international markets with a fund of 100 virtual bitcoins. Competing against each other to day-trade their way to profit, the winner will be the user who makes the most gains for their virtual fund. Day-trading may seem like an intimidating market to some; however, this “Wolf of Wall Street” level of....
Bitcoin ATM operator SatoshiPoint is now backed by two experienced Angel investors, including Alistair Milne (an investor in several Bitcoin startups and manager of the Altana Digital Currency Fund). The financing will fund the expansion plans of SatoshiPoint and further extend its capabilities, allowing individuals to buy and sell Bitcoin at more locations and digitally online in larger quantities. “These are exciting times for Bitcoin, SatoshiPoint and the UK. I’m really excited to be working with pro-active investors and ecstatic to have closed my first round of funding”.