ICO. Bitclub Network

There are now more than 120 hedge funds focused solely on bitcoin, digital currencies

There are now more than 120 hedge funds focused solely on bitcoin, digital currencies Data shared exclusively with CNBC from financial research firm Autonomous Next shows the number of funds investing in digital assets like bitcoin has grown rapidly to 124. Autonomous Next also estimates that the "crypto-funds" have about $2.3 billion in total assets under management. While several leading Wall Street banking executives remain skeptical about bitcoin, more seasoned money managers are moving into digital assets management. More than…

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Bitcoin price drops $200 after new ruling from Chinese regulators

Bitcoin price drops $200 after new ruling from Chinese regulators Bitcoin's price fell after China announced a ban on initial coin offerings (ICOs) from $4,584 to around $4,350 per bitcoin. This move to be shortlived, according to experts. The move by China is not the first time the country's regulators have attempted to crack down on cryptocurrency. The price of bitcoin fell sharply after Chinese regulators announced a ban on organizations from raising funds using initial coin offerings (ICOs).  …

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