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In the week ending 11 August, 2017, in FinTech, hedge funds that are tied to cryptocurrencies are exploding, with over 70 launches in the pipeline. This meteoric rise of bitcoin is rippling through financial markets and is costing some investors billions. Finles Capital is anticipating oversubscription for the EUR100m ICO of FundCoin; YouTube said that AI is better than humans at removing extremist videos post-brand safety crisis. Chinese cryptocurrency NEO completed its rebranding from Antshares and is up 13000% this year; B2C2is suing Quoine over bitcoin trades that were allegedly wrongfully reversed, which resulted in proceeds being deducted. A much discussed letter by Neal Berger indicated that the robot takeover is postponed as quant funds are flattened in equities.

Arion Investment Management is planning to launch its first commodities hedge fund to trade base and precious metals.

The Lyxor Global Macro Index was down -0.8% fr......................

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