Crypto News 

1-22 Price Analysis – Hedge may be the alternative

“Price analysis of BTC, BCH, ETH, LTC and ETC for January 22” reports newsbtc.com. Suggestions: New positions can be set up when price gets close to support level, stop your loses if BTC breaks below its support level and book your profits.Correction remains the main trend in the short term, making it possible for price to move towards MA 20 on 4-hourly chart.Comments: LTC shares a similar move pattern with BTC, operations can be referred to that of BTC. Suggestions: Except for paying close attention to price move of BTC,…

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Crypto News 

Founder of $100 million crypto hedge fund: ‘I’ll lose a million dollars in a day and I’m like, OK’

“People are getting rich off cryptocurrency, especially those who took a chance on it early” writes Andrey Rudakov for cnbc.com. One high school dropout who invested in bitcoin when it was just $12 per token became a millionaire at age 18.The Winklevoss twins, who owned more than $11 million worth of cryptocurrency in 2013, became the world’s first bitcoin billionaires in 2017.San Francisco-based millennial Grant Hummer has also made a small fortune off cryptocurrency, and he’s angling to turn that into an even larger one. As Nellie Bowles of the…

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Futures News Oil 

Oil Trades Near Three-Year High as Hedge Funds Increase Bullish Bets

“Oil slipped from a three-year high amid speculation that a surge in hedge-fund buying had pushed prices up too quickly” writes unknown author for bloomberg.com. Commonwealth Bank of Australia’s Vivek Dhar weighs in on the price and production of oil.Money managers increased their bullish bets on U.S. crude to the highest in more than a decade, according to data from the Commodity Futures Trading Commission on Friday. Source: bloomberg.com Share This:

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News 

The only female investment partner at $20 billion hedge fund Canyon has left

“Dominique Mielle, who was a partner and senior portfolio manager at $20 billion hedge fund firm billion Canyon Partners, has left” writes Rachael Levy for businessinsider.com. Mielle was the only female investment partner out of the eight-person senior investment team for Canyon’s flagship fund displayed on the Los Angeles-based hedge fund’s website. The bulk of those assets are in hedge funds, with $16.6 billion as of mid-year 2017, according to the Absolute Return Billion Dollar Club ranking.The hedge fund industry has long lacked women in senior roles, particularly in investing jobs. Source:…

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News Oil 

T. Boone Pickens closes energy hedge fund, cites diminishing health

“Legendary energy investor T. Boone Pickens is shutting the doors on his energy hedge fund, BP Capital” writes Becky Quick for cnbc.com. The Wall Street Journal first reported Pickens fund was closing on Friday.After retiring at 68, he formed the energy investment firm BP Capital, where he made his first billion dollars.Pickens cited declining health as a reason for closing the fund.The fund will “move toward a family office structure,” he said, noting that key employees of BP Capital will be going out on their own. Source: cnbc.com Share This:

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News 

Oilman T. Boone Pickens to close hedge fund after two decades

“T. Boone Pickens, a famous oilman and investment manager, said he is closing the energy-focused hedge fund he has run for the last two decades as his health declines” writes Ryan Dezember for marketwatch.com. The 89-year-old Oklahoma native cited both his deteriorating health and weak financial performance as reasons for closing the fund, according to a letter that he plans to publish soon and was reviewed by The Wall Street Journal. Pickens said he is recovering from a series of strokes last year and a bad fall. “It’s no secret…

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Crypto Markets News 

Mike Novogratz is planning a crypto version of Goldman Sachs

“The person familiar with his plans said Novogratz envisions Galaxy as the Goldman Sachs of crypto.”” writes Finanzen Net Gmbh for businessinsider.com. That person said Novogratz plans to put his massive $400 million crypto fortune into the bank.Less than a month after tabling a plan to start a cryptocurrency hedge fund, famed trader Mike Novogratz announced he has a cryptocurrency bank in the works. Source: businessinsider.com Share This:

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News 

Michael Arrington Confirms the $100m XRP Hedge Fund is Live and Trading

“Michael Arrington confirmed the $100m XRP hedge fund is live and trading” writes Jp Buntinx for livebitcoinnews.com. Known as Arrington Capital, the hedge fund is now live and trading on the open market.Many people were surprised when Michael Arrington announced his hedge fund plan.Michael Arrington may be onto something with this new hedge fund.For all we know, this hedge fund may not impact the XRP price at all. Source: livebitcoinnews.com Share This:

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News 

U.S. charges ex-Och-Ziff executive with fraud, obstruction of justice

“NEW YORK (Reuters) – U.S. prosecutors have charged Michael Cohen, the former head of European investing at hedge fund Och-Ziff Capital Management Group , with fraud and obstruction of justice, according to court documents unsealed on Wednesday” writes Midwest Communications Inc for 95kqds.com. In September 2016, the New York-based hedge fund agreed to pay more than $400 million to settle charges that it bribed officials in Libya, Congo and several other African countries.The government also alleged that Cohen tried to cover up the facts when the U.S. Securities and Exchange…

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