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In the week ending 08 December, 2017, in FinTech, deVere Group said that the surge in cryptocurrency signals the dawn of fianancial technology era, but added bitcoin is still a major gamble. CBOE Global Markets is racing to launch bitcoin futures on December 11, ahead of its rival CME. With the planned bitcoin futures, hedge funds are preparing to trade against bitcoin. Bitcoin has now surpassed the market cap of General Electric, which was once the largest company in the world, with $160bn; Michael Novogratz expressed worry that the surging bitcoin price might attract government regulation as prices went beyond $16,000 in a stunning rally that sounded the alarm bells louder. An $11m bet by Tyler and Cameron Winklevoss over four years ago has made them the world's first bitcoin billionaires.

BlueCrest Capital has raised more than $200m to launch its own Asia-focused hedge fund; Greg Coffey is eyeing to launch a new hedge fund with James Saltissi; Brevan Howard is readying two funds focused on Greece, betting on a recovery in the economy; Silverpeak Credit Partners is launching a $250m special situations credit fund; Tomofumi Oda is leaving Point72 to launch his own Japan-focused hedge fund, Blue Swell Asset Management; J.P. Morgan Asset Management is launching its first single-strategy alternative beta ETF, the JPMorgan Event Driven ETF; Helvetic Investments and Swiss Asia are launching cryptocurrency funds, at a time when bitcoin mania is reaching frenzied growth; and TMT Investments announced a new $60m fund that will invest e......................

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