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Alternative Market Briefing

Opalesque Roundup: Institutional investors are no longer on the sidelines about crypto: hedge fund news, week 20

Monday, May 21, 2018

In the week ending 18 May, 2018, in FinTech, institutional investors are no longer watching crypto from the sidelines and now wants a front seat in the action. Goldman Sachs as the very first institutional bank in the U.S. said it will soon leverage its own money to trade contracts linked to the price of Bitcoin for its clients. This is viewed as a huge step forward for traditional finance, whose players - Goldman Sachs chief among them - are typically very risk averse and wouldn't make a move like this unless they believed they could profit from it, according to this report

Crypto hedge fund BlockTower Capital is diving into venture capital investing with a new fund; Clipper Coin Capital has opened a crypto investment bank in Hong Kong; CME Group has launched an ethereum price indexes in partnership with Ethereum Futures Exchange. Kora Network is raising money through an ICO to access underserved communities with blockchain technology and to promote global economical growth.

Artificial intelligence funds failed to perform well during the market volatility in early 2018; Cody Willard has warned against bitcoin and recommended to buy in "after the (coming big) crash". An......................

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