The Louisiana Supreme Court building is pictured in New Orleans. Fair Wayne Bryant was convicted in 1997 of stealing hedge clippers and sentenced to life. Bill Haber/AP hide caption toggle caption Bill Haber/AP The Louisiana Supreme Court building is pictured in New Orleans. Fair Wayne Bryant was convicted in 1997 of stealing hedge clippers and sentenced to life. Bill Haber/AP A Louisiana man serving a life sentence for stealing a pair of hedge clippers in 1997 was paroled on Thursday, after spending more than two decades in prison for his crime. That act of simple burglary wouldn’t normally lead to a […]
Hedge
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Hedge fund Numerai is offering $50 million of its numeraire (NMR) token to quants, researchers and even fellow funds that provide original stock market “signals” into its data clearinghouse, Numerai Signals. UPDATE (10/12/20 19:32 UTC): This article has been updated to reflect who can utilize Numerai and how the payout mechanism works. Source link
Saving Local Newspapers Squeezed By Hedge Funds By Steven Waldman, Journalism and Liberty. September 28, 2020 Saving Local Newspapers Squeezed By Hedge Funds2020-09-282020-09-28https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/news.jpg200px200px Above photo: Drew Angerer/Getty Images. A Replanting Strategy. Hundreds of newspapers are languishing in the hands of hedge funds and chains. It’s time to replant them with community nonprofit groups and mission-driven owners. Download this white paper as a pdf The conversation about the crisis in local news has tended to focus on two solutions: helping create local news startups and supporting local newspapers still in existence. Each approach has limitations and promise. Birthing nonprofit news organizations is […]
The upcoming U.S. presidential election has become one of the most contentious in history, fraught with searing divisions over everything from the economy to race to the continued health of democracy itself. So it’s not surprising that Wall Street options traders are now pricing in expectations of elevated market volatility around the November election. Analysts for the investment banking giant Goldman Sachs noted earlier this month that price swings of nearly 3% are implied around election day in the Standard & Poor’s 500 Index of U.S. stocks. What’s surprising is that options trading on notoriously volatile bitcoin prices, which often trade in sync with stocks, […]
Sputnik (New Delhi): To maintain stability, India’s banking regulator, the Reserve Bank of India (RBI), has pumped an additional $127 billion into the financial market as a result of the ongoing COVID-19 pandemic. At present, the RBI has foreign exchange reserves said to be worth an estimated $538 billion. When the Board of India’s apex bank, RBI, met earlier this month, it had a prominent agenda, even though officially the meeting was convened to approve a dividend of $7.6 billion to the Indian government. The board discussed a phenomenal rise in the foreign exchange reserves held by banking regulator Reserve Bank […]
“Bitcoin is … the only known commodity in the universe that has a deterministic and fixed supply,” the Winklevoss brothers wrote in a blog post saying the cryptocurrency may one day hit $500,000. Source link
Mathew J. D’Souza, crypto entrepreneur and CEO of Blockware Solutions, died on Aug. 21 after a seven-year fight with leukemia. He was 29. D’Souza’s firm, a major U.S.-based mining rig distributor, announced his death and said a memorial service would be held in Park Ridge, Ill., where the company is based, on Wednesday. Despite a short life, he was greatly accomplished. He graduated with a Bachelor of Science in Accountancy (with Honors) in 2012 and a Master of Accounting Science in 2013 from the University of Illinois at Urbana-Champaign. Before entering the crypto world, D’Souza worked with accounting firm KPMG. In crypto, however, […]
Every epic tale needs a tragic hero, and one of the top candidates for that role in this century’s dramatic passage so far has to be the hedge fund manager. Toppled from their masters-of-the-universe pedestal in the early 2000s, they now eke out meager gains, dodge investor recriminations about fees and occasionally attempt to stay relevant by explaining to the rest of us where the current confusion is taking the global economy. True, there are some formidable brains and admirable initiatives among the former kings of finance. But so far, after a promising legacy and the occasional shining moment, this has not […]
The Louisiana Supreme Court denied Fair Wayne Bryant’s request to review his life sentence for stealing hedge clippers. Bryant has already spent nearly 23 years in prison for the crime. Paul J. Richards/AFP via Getty Images hide caption toggle caption Paul J. Richards/AFP via Getty Images The Louisiana Supreme Court denied Fair Wayne Bryant’s request to review his life sentence for stealing hedge clippers. Bryant has already spent nearly 23 years in prison for the crime. Paul J. Richards/AFP via Getty Images A Louisiana man will continue to spend his life in prison for stealing a pair of hedge clippers, after […]
Another crypto hedge fund is winding down, Huobi launched a new unit to invest in DeFi and the Twitter hacker is reportedly a bitcoin millionaire. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf Fund DownNeural Capital, a crypto hedge fund, has closed, having lost half its money since launching in 2017. Three people familiar with the matter said the fund’s crypto-assets were liquidated in December and the fund is in the process of refunding leftover money to investors, a […]
Neural Capital, a hedge fund that traded cryptocurrency assets, has quietly shuttered. The fund’s managers, Arij “Ari” Nazir and Christopher Keshian, were new to the hedge fund industry and involved in more than one fund when they started Neural Capital. Keshian told CoinDesk he has not kept in touch with Nazir since parting from Neural Capital. “Right now, I’m working on a project that is still very much under wraps,” said Keshian, declining to comment further. Nazir did not respond to requests for comment. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic […]
Cryptocurrency hedge fund Tetras Capital is calling it quits. Tetras Capital’s closure adds to a growing line of cryptocurrency hedge funds folding after crypto prices slid from peak highs in 2017. The fund launched in 2017 with a focus on altcoins, Tetras Capital co-founder Alex Sunnarborg said in a 2019 Forbes interview. Requests for comment from Tetras Capital, Sunnarborg, Bernstein and Garrambone were not returned by press time. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary […]
For the 4th of July The Drudge Report highlighted four websites on its front page. Breitbart, The Gateway Pundit, Zero Hedge and the far left website Axios. Advertisement – story continues below What’s that about? Drudge has been moving towards the left the last few years. Today it is unrecognizable for most of its readers. TRENDING: Two Women Activists Hit by Car on I-5 Outside Seattle — Suffer Serious Injuries After Hitting Windshield and Front Grill …..Video Source link
A cryptocurrency hedge fund helmed by three Brazilian bankers has lost half of its money even though it returned positively over the past 16 months. The value of São Paulo-based BLP Asset Management’s crypto-asset hedge fund, Genesis Block Fund, is down 56.3% from its inception to date. That is because despite gains of 34.9% in 2019 and 46.6% from January to May 2020, it suffered a 77.9% plunge in 2018, its first year. BLP Asset Management’s returns are a reminder cryptocurrency funds that took a hit in 2018 — when prices of digital currencies crashed — have a harder time getting […]
Twitter reportedly said its suspension of the account of libertarian market news website Zero Hedge more than four months ago was a mistake, as it reversed the decision. The account was frozen for doxing a Chinese scientist. “We made an error in our enforcement action in this case,” a spokesman for Twitter told Bloomberg in an email. “Based on additional context from the account holder in appeal, we have reinstated the account. We have a dedicated appeals process for all account holders.” Zero Hedge returned to Twitter with a sarcastic “What did we miss”. Its previous posts on the platform were […]
While fears of a “great monetary inflation” have driven the recent bitcoin narrative, other aspects like censorship resistance and peaceful protest matter just as much. Today’s main topic: Why inflation isn’t the only bitcoin narrative that matters. When bitcoin’s halving coincided with the most aggressive central bank policy of all time, it set a clear narrative framework for bitcoin as an inflationary hedge. This was captured by people like legendary hedge fund investor Paul Tudor Jones, who warned of a “great monetary inflation.” In this episode, NLW argues 1) that inflation could be a dangerous narrative to focus on too closely due to […]
Heavy losses are rocking alternative crypto-asset funds at Pantera Capital, one of the oldest cryptocurrency investment managers, and providing stark contrast to its bitcoin fund’s gains. Pantera Capital’s flagship bitcoin fund – a fund holding bitcoin (BTC) since 2013 and bitcoin cash (BCH) since 2017 – lost 75.6% in 2018 and gained 87.7% in 2019, according to internal materials seen by CoinDesk. The last two years dragged the bitcoin fund’s historical returns to 10,162%, down 54% from 2017’s peak of 22,321% but still exceeding all-time returns at elite funds hundreds of times over. On the newer end, three hybrid Pantera Capital […]
Paul Tudor Jones, a pioneer of the modern hedge fund industry, is ready to bet on bitcoin’s price as an inflation hedge. Jones’ Tudor BVI Global Fund, managed by Tudor Investment Corp., has been authorized to hold as much as “a low single-digit percentage exposure percentage” of its assets in bitcoin futures, according to a note sent to investors this month. The firm manages $38 billion, of which $22 billion is in the flagship BVI fund. Bloomberg News reported the disclosure earlier Thursday. It is not clear from the letter whether Tudor’s fund has begun buying futures, what kind (physically delivered or […]