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In the week ending 06 October, 2017, in 153 FinTech Initial Coin Offerings, hedge funds are seen as main contributors to these ICOs with Blockchain named as the top hedge funds investing into ICOs. 153 projects were able to raise the impressive amount of $2.3 billion through ICOs. Hedge funds are also critized for "being first among equals" when it comes to digital token sales by technology startups, receiving preferential discounts and terms and then often cashing out. While legal, the maneuver is drawing comparisons to some of the eyebrow-raising practices that took place during the IPO heyday of the 1990s, when many preferred investors would quickly resell shares for big profits.

Goldman Sachs CEO Lloyd Blankfein he is still thinking about Bitcoin. "No conclusion - not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold".

AQR Capital said that computers do not replace human stock pickers but instead, augment them; Man Group sees machine learning it as the "next phase" in systematic trading; IMF chief Christine Lagarde said that cryptocurrency could displace central banks, conventional banking, and challenge the monopoly of national monies; bitcoin has crystalized a clear divide betw......................

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