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In the week ending 29 June 2018, in FinTech, regulatory filings showed that Polychain Capital became the first crypto fund with more than $1 billion in assets under management (could be less now with the recent slump). Andreessen Horowitz debuted a $300 million investment fund that will specialize in cryptoassets and projects that build on blockchains. Crypto hedge fund Multicoin is now valued at $75m after Fred Wilson's investment; banks are trying to launch crypto assets using R3 Blockchain technology. Japan said that major credit agencies will evaluate cryptocurrency users to prevent the utilization of digital assets in laundering money. Spencer Bogart forecasted "artificial" Bitcoin price suppression as hedge funds near the end of their lock-up period and may be forced to sell; and Nobel economist Robert Shiller calls Bitcoin a 'Social Movement' and a non-rational "epidemic of enthusiasm".

Meanwhile, Freedom Coin Fund is offering an alternative to traditional hedge funds; BKCM CryptoCurrency Hedge Fund announced that Frank Hourigan has joined the firm as chief operating officer; Mike Novogratz's investment fund has invested $20 million in a blockchain-based virtual reality platform called High Fidelity; a new study finds that use of alternative data and artificial intelligence will change investment research going forward; Bi......................

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