Point72 Exec Leaves the Firm to Launch Crypto Hedge Fund in October

[ad_1] Former equities portfolio manager Travis Kling has left billionaire Steven Cohen’s Point72 Asset Management to launch his own digital assets fund, Bloomberg reported September 21.Point72 is an asset management firm founded in 2014 as the successor of investment company SAC Capital Advisors. The latter pleaded guilty to federal insider trading charges and paid a $1.8 billion fine. Point 72 has offices in New York City, Hong Kong, Tokyo, Singapore,

Lambos, Bling and Mansions — What Purchases Do Crypto Millionaire Make

[ad_1] One of the most hotly debated topics around cryptocurrencies is what people can actually purchase with Bitcoin and its altcoin brethren.With Bitcoin’s 10th birthday just around the corner, it's worth taking a look at some of the most outrageous and expensive things people have been able to purchase with BTC.We have certainly come a long way since the infamous Bitcoin pizza incident, where Laszlo Hanyecz ordered two pizzas from

Japanese Financial Watchdog Launches Investigation Following $60 Million Exchange Hack

[ad_1] The Financial Services Agency (FSA) of Japan has launched an investigation after $60 million worth of cryptocurrencies were allegedly stolen from local crypto exchange Zaif, Cointelegraph Japan reports Friday, September 21.According to the report, the FSA has sent its staff to Tech Bureau — Zaif's parent company based in Osaka — to verify whether the company will be able to cover customer losses.As Cointelegraph Japan has learnеd, the Japan

Bitmain Unveils Next-Generation ASIC Chip to Be Integrated into New Antminer Machines

[ad_1] Bitcoin (BTC) mining behemoth Bitmain has unveiled its next-generation ASIC chip soon to be used in the firm’s new “Antminer” crypto mining machines, Reuters reports September 21.An Application-Specific Integrated Circuit (ASIC) chip is a piece of tailored mining hardware geared to mine cryptocurrency based on a specific hashing algorithm.Bitmain CEO and co-founder Jihan Wu reportedly announced the new crypto-mining-specific ASIC chip BM1391 during his keynote lecture at the World

Swiss Bankers Ease Access for Crypto Startups to Prevent Mass Exodus

[ad_1] The Swiss Bankers Association (SBA) has issued basic guidelines for banks working with blockchain startups on Friday, September 21. As Reuters reports, the measure was taken to prevent a mass crypto exodus out of Switzerland.The document states that banks see blockchain as an opportunity for Switzerland to house financial and technology startups despite "risks," especially money laundering. Due to a significant increase of crypto-related companies based in the country,

CloudFlare’s Quest to Decentralize the Internet

[ad_1] On Sept. 17, a vital United States-based content delivery network (CDN) CloudFlare introduced a new decentralized content gateway via InterPlanetary File System (IPFS), a peer-to-peer (p2p) network run by thousands of computers bypassing the conventional HTTP system. Here’s how it supposed to work and why CloudFlare decided to support such a project.What is CloudFlare?CloudFlare is a company that provides content delivery network (CDN) services and DDoS protection. Basically, CloudFlare

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 21

[ad_1] The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.Michael Novogratz, founder of the digital asset management firm Galaxy Digital, has recently reiterated his view that cryptocurrencies have hit a bottom and a