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DenCity (DNX)

Where you choose your Meta Life

Start 22 Nov 2017 - End 16 Dec 2017

Price: 1 BTC = 238235.2944 DNX

BGF Discount: 55%

Price for BGF Users: 1 BTC = 529411.7652 DNX

Price: 1 BTC = 238235.2944 DNX

BGF Discount: 55%

Price for BGF Users: 1 BTC = 529411.7652 DNX

PRE-SALE OVER

DenCity is an AI and Blockchain powered platform that provides you an engaging and immersive VR experience and lets you make a world of your own. A user will not only be able to explore learn and create a life of his/her choice in accordance with the real world rules but also earn tokens that will be of use in the real world.

DIEGO MATIC

ANDRE BROZ

DEAN BAROZZI

JUHA HARINEN

RAFAEL STOPPA

Our Ideology

At BGF we truly believe in a decentralised ecosystem where the trust lies in a network that is resistant to corruption and modification from untrustworthy sources in the society. Our vision might have been a far fetched dream a few years ago but today with the advent of Blockchain we see our vision becoming a reality.

Our firm commitment in our value system constantly drives us to support great ideas in the blockchain and cryptocurrency domain. We not only provide the necessary capital influx to accelerate great ideas but also bring in the required tech and non-tech expertise to enable a team to achieve its ideas and goals for the future of mankind.

Bitcoin Investment Trust Becomes the First Publicly Traded Bitcoin Fund

The Wall Street Journal reports that Barry Silbert’s Bitcoin Investment Trust (BIT) is about to become the first publicly traded Bitcoin fund. The BIT will be an interesting option for traditional investors looking for exposure to Bitcoin who prefer not to trade Bitcoin as currency. The BIT is sponsored by Grayscale Investments, a part of Silbert’s Digital Currency Group.

Currently, the BIT, launched in 2013, is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables accredited investors, with annual incomes greater than $200,000 or assets of more than $1 million, to gain exposure to the price movement of bitcoin for a minimum investment of $25,000 without the challenges of buying and securely storing bitcoin. BIT-accredited investors are shielded from hacking attacks and unregulated entities, which would be appealing for small investors as well. But the BIT hasn’t been publicly available to small investors so far.

The Winklevoss twins also are planning a Bitcoin Exchange Traded Fund (ETF), the Winklevoss Bitcoin Trust ETF, which will be available to all investors on NASDAQ with the ticker COIN. The launch date is unknown, but Cameron and Tyler Winklevoss say that everything is proceeding according to plan. According to their Securities and Exchange Commission (SEC) filing, the value of COIN shares will reflect the dollar exchange rate of Bitcoin on Winkdex.

The Winklevoss ETF is still going through the lengthy ETF registration process with the SEC. But BIT is taking a shortcut, permitted by a rule that that allows holders of a private fund to sell their shares publicly after a 12-month lockup period and completing a less arduous approval process with the Financial Industry Regulatory Authority (FINRA). Without SEC registration, the BIT can’t formally be considered as an ETF, but once existing shares are offered publicly it will be equivalent to an ETF in practice.

Silbert said that FINRA granted BIT’s request for a permanent ticker symbol, GBTC, which “is expected to be effective shortly.”

In a statement, the Digital Currency Group said, “Although we have been assigned a ticker symbol, no assurances can be given as to when or if such trading will commence, or that an active public secondary market for BIT shares will develop or be maintained.”

Each share of BIT is worth approximately one-tenth of a bitcoin. As of Friday, the trust’s net asset value stood at $24.43 per share. The Wall Street Journal article notes that many investors purchased their BIT shares in 2013 when the dollar exchange rate of bitcoin was about $100, so they would make a profit selling now. New investors, including small investors, will be able to buy BIT shares soon.

Bitcoin space and the traditional stock market are increasingly converging, and the Bitcoin economy as a whole will continue to have DiY and “underground” aspects. But it is evident that regulated, professional Bitcoin services will become more common, and take Bitcoin closer to mainstream.

A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)

SAN FRANCISCO — There are hedge funds with blockbuster returns. Then there is the Pantera Bitcoin Fund.

The fund — one of the first in the world to dedicate itself to virtual currencies — released its returns in a letter sent to investors on Tuesday. The figure for the life of the fund, which was set up in 2013, is eye popping: 25,004 percent.

A significant portion of the gains have come this year, thanks to the skyrocketing price of an individual Bitcoin, which hit $19,000 on Monday. (The fund’s 25,004 percent figure was actually counted back when Bitcoin was at $15,500, a week ago.)

For comparison, the top performing hedge fund in the world last year returned 148 percent, according to Preqin, a hedge fund tracker. Since 2013, the Pantera Bitcoin Fund’s compound annual returns have been around 250 percent.

The Pantera Bitcoin Fund did not have to do much to get those returns. It just bought Bitcoins and held them as the price went up. Its performance is a reminder of the unprecedented gains that Bitcoin has experienced, with some analysts arguing that Bitcoin’s moves have been even greater than the movements of Dutch tulip bulb prices back in the 1600s.

But Dan Morehead, who founded Pantera Capital and the fund after a career at Goldman Sachs, said it was not an easy decision to create a Bitcoin-focused hedge fund in 2013, when Bitcoin was primarily known as a currency for online drug markets.

“The first hard part was actually deciding to launch a cryptocurrency fund when everyone else thought that was crazy,” he said on Monday.

Many of the investors in the Pantera fund have not enjoyed its full 25,004 percent return. Some bought in at the beginning and then sold out when Bitcoin’s price was in a slow steady decline during 2014 and 2015. Others bought in during the current boom and have reaped only the returns that Bitcoin has experienced over the last year. Those still aren’t bad, at around 1,900 percent.

Those gains have given Pantera a lot of competition. More than 150 hedge funds focused on virtual currencies have been created this year, bringing the total number of such funds to 175, according to the research firm Autonomous Next.

Pantera estimated that in dollar terms, the fund has made $2.1 billion for its investors. Investors have taken out Bitcoins worth around $1.7 billion to hold for themselves, to avoid paying Pantera’s 0.75 percent annual fees. That has left Pantera holding coins worth $400 million. Overall, investors originally put about $150 million into the fund.

Like all hedge funds, Pantera is open only to accredited investors with significant assets. The minimum investment is $50,000.

The relatively straightforward strategy of the Pantera Bitcoin Fund, which has offices in San Francisco, could be replicated by small investors buying and holding Bitcoins.

But in its investor letter, Pantera noted that investors who go through Coinbase, the most popular service with small investors, pay fees ranging from 1.5 percent to 4 percent each time they buy or sell Bitcoin, creating more costs than Pantera charges its investors.

The Pantera Bitcoin Fund has developed strategies for buying and selling at good prices and also buys and holds an alternative to Bitcoin, Bitcoin Cash, which was created this summer.

Mr. Morehead said his fund has been attractive because it allows investors access to Bitcoin without going to Bitcoin exchanges, the places where people buy and sell the tokens, which have been hacked many times in recent years.

Several of the fund’s early investors came from the top ranks of the enormous asset manager the Fortress Investment Group. One of them, Michael Novogratz, is looking to start his own $500 million virtual currency hedge fund.

There have been a number of attempts to set up a similar fund for small investors, a so-called exchange traded fund, or E.T.F. So far, though, regulators have rejected those efforts.

Meanwhile, Pantera has expanded its own offerings with six other funds. Most recently, it began the Pantera Digital Asset Fund, which owns 25 virtual currencies, including several that were created through so-called initial coin offerings.

Mr. Morehead said there is a chance that the value of a Bitcoin could plummet to zero, given how early and undeveloped the technology still is. He said he tells investors to put only around 1 percent of their net worth in virtual currencies. But he thinks that 1 percent could do very well.

“There are a lot of famous people who have said Bitcoin is a joke,” he said on Monday. “They might be right. But if they are wrong and it goes up 25 times, they are missing out on a huge trade.”

Follow Nathaniel Popper on Twitter: @nathanielpopper

The Bitcoin Cash Fund

A community-driven, grassroots project to accelerate the adoption of Bitcoin Cash.

The Bitcoin Cash Fund is a non-profit organisation, with the mission of distributing donated funds to projects that promote Bitcoin Cash.

What Is Bitcoin Cash?

A person-to-person online global digital cash system.

A decentralized currency not controlled by any one person.

A secure, high-speed and low-cost payment system.

Our Mission

Our mission is to help Bitcoin Cash (BCH) serve one billion users within five years.

We believe that the key to success for Bitcoin Cash lies in making sure it is adopted as a global payment system. To achieve this we need to rapidly grow both business and user adoption in unison to develop a closed-loop economy that benefits everyone.

The Bitcoin Cash Fund supports community projects that help further these goals. We believe there is a tremendous amount of energy in the BCH community, and we aim to harness that energy and make BCH the currency of the future.

How Can I Help?

Submit a Proposal

Do you have a brilliant idea of how to promote adoption of Bitcoin Cash? Fill out our proposal form and we may help fund it!

We have active projects right now that need help from talented people like you. Volunteering is a great chance to earn some Bitcoin Cash while working with like-minded enthusiasts.

Want to help out but don't have time to get involved yourself? No problem! Your donations are what make this all possible.

These corporate sponsors are fully aligned with our goals and are pushing Bitcoin Cash adoption forward at a lightning pace.

Be Wary Of This Skyrocketing Bitcoin Fund

Bitcoin is flying. Prices for the digital currency briefly topped $2,800 in May, the latest milestone in what's become a parabolic move higher. Consider these figures: In the past month, bitcoin is up 68%; year-to-date, it's up 154%; over the past year, it's up 350%; and over the past two years, it's up 973%.

But as incredible as those moves have been, the performance of one bitcoin fund makes them look paltry by comparison. That fund is the Bitcoin Investment Trust (GBTC), which has more than tripled in the past month alone, while rising an eye-popping 1,600% over the past two years.

2-Year Returns For Bitcoin And GBTC

The market value of the trust ballooned to as much as $1.1 billion in May, compared with $224 million at the beginning of the year.

Dangerous Premium To NAV

GBTC is an "open-ended trust" and the first publicly traded bitcoin investment vehicle. The fund made its debut on the OTC market in May 2015, and since then has been doing its best to track the price of bitcoin―with limited success.

Indeed, even though GBTC is a self-proclaimed open-ended trust (and its sponsor Grayscale has periodically created new shares), it's acted more like a closed-end fund, with huge premiums the norm.

The share price of GBTC was last trading at double the value of its underlying bitcoin holdings. At 131%, GBTC's premium to its net asset value is astronomical by any measure, and close to the highest level it's ever been. For investors buying into the fund, such large premiums are a disaster waiting to happen.

Premiums are a fickle thing, and can fluctuate wildly depending on the supply and demand for shares. For example, GBTC's premium has ranged from zero to 142%, with an average of 40%, since May 2015.

Not An ETF

For investors used to buying exchange-traded funds, such large premiums are almost unheard of. In an ETF, large premiums and discounts are arbitraged away through the creation/redemption mechanism. When a premium becomes large, authorized participants will buy up the underlying, deliver it to the ETF provider in exchange for ETF shares, and sell them for a profit, pushing the ETF market price back towards the fund's NAV.

But GBTC isn't an ETF. It doesn't abide by the stringent regulations and disclosure requirements of the Investment Company Act of 1940, and currently, its only AP is Genesis Global Trading, an affiliated company that has only offered shares to investors in private placement transactions, according to Spencer Bogart, managing director and head of research for BlockChain Capital.

Up until early this year, share creations for GBTC took place through private transactions with accredited investors. Those new shares were subject to a one-year lockup period before they could be sold on the public market, hindering the ability to arbitrage any premium above NAV.

After Jan. 19, Grayscale completely stopped issuing shares in connection with an SEC filing it made (more on that later), which means that what little ability to arbitrage the premium away before is now completely gone.

Meanwhile, redemptions for GBTC have been completely suspended since 2016 after the trust and its AP were found to be in violation of an SEC rule.

Put that all together and you have a product that can't be considered an ETF even by the loosest definition. Grantor trusts, '40 Act funds, '33 Act commodity pools and even ETNs are often lumped together under the ETF umbrella. They all hold securities with a fluid, unrestricted creation and redemption mechanism that serves to keep the traded price close to the underlying fair value. GBTC fails that test (not to mention it doesn't trade on an actual exchange).

Only Game In Town … For Now

Even with its flaws, clearly there's been a lot of demand for GBTC. Currently, the trust has a market value of nearly $1 billion and even counts two ETFs among its holders: the ARK Web x.0 ETF (ARKW) and the ARK Industrial Innovation ETF (ARKQ).

For investors who don't want to go through the hassle and risk of buying bitcoin directly from a digital currency exchange and storing it themselves, GBTC is, in many ways, the only game in town.

But it doesn't have to be. The Winklevoss Bitcoin Trust ETF (COIN) was rejected by the SEC in March. The commission didn't allow the ETF to see the light of day because it was concerned about the lack of regulation in bitcoin markets, which could harm investors. Yet COIN would be vastly superior to the readily available GBTC, which is likely to burn investors who buy at premium prices.

GBTC's sponsor Grayscale is well aware of the deficiencies of its product. In January, the firm made a filing with the SEC to do an initial public offering on the NYSE. Grayscale also lined up three APs to replace its affiliate Genesis, if the filing is approved.

In other words, the sponsor hopes to convert GBTC into a fully fledged ETF.

That's probably a smart move. If COIN or another bitcoin ETF comes to market and competes with GBTC in its current form, the latter will likely see an exodus of assets as investors gravitate toward the superior ETF structure.

Indeed, in March, when it looked like the SEC could green-light the Winklevoss ETF, GBTC's premium briefly dropped to zero as demand for the product waned.

Stark Choice For SEC

Currently, the SEC is reviewing its disapproval of COIN. There's no timetable for when the commission will reach a decision. The SEC is also considering the Grayscale filing to IPO GBTC shares on the NYSE; that decision will be reached by Sept. 22.

There's plenty of skepticism about whether the SEC will turn around and finally approve a bona fide bitcoin ETF after already rejecting two [along with COIN, the SEC rejected the SolidX Bitcoin Trust (XBTC)].

But as the massive inflows into bitcoin in general and GBTC in particular indicate, investors are going to buy up the digital currency regardless of what the commission does. The SEC can either help investors by allowing a regulated ETF that trades close to NAV come to market, or stand in the way and see those same investors hurt when they buy bitcoin directly from untested exchanges or through the flawed GBTC.

At the time of writing, the author did not hold any positions in the securities mentioned. Contact Sumit Roy at [email protected] .

Bitcoin Cash Fund and Yeewallet Plan to Airdrop 20 BCH

On Tuesday, May 8, the Bitcoin Cash Fund and the Yeewallet team announced a partnership that aims to further spread bitcoin cash (BCH) adoption. The organizations’ plan to bolster BCH adoption by airdropping 20 BCH to Yeewallet users who meet the airdrop requirements.

The Bitcoin Cash Fund and Yeecall Partner to Further Spread BCH Adoption

This week, the Bitcoin Cash Fund (BCF) and the creators of the Yee application have announced a strategic agreement that aims to spread bitcoin cash adoption to the millions of Yeewallet users. The firm’s Yeewallet is a recently launched multi-cryptocurrency wallet that also features internet voice calls using the popular Yeecall platform. BCF is a nonprofit organization that’s been committed to spreading bitcoin cash adoption worldwide, and the group believes Yee’s 33 million users getting some BCH will help promote the cryptocurrency’s use. Yee has also just added BCH support for the Yeewallet interface, with the firm explaining that this week’s airdrop will help the bitcoin cash network effect spread.

“Yee believes that the support of BCH on Yeewallet will not only enrich the Yeecall’s application scenario and satisfy our Yeecall users’ needs, but also extend the BCH’s influence and promote the development of BCH community,” explains the Yee company.

The Yeewallet is a multi-cryptocurrency wallet that was launched on the first week of April. It is also integrated with the popular Yeecall app – that has 33 million users.

Breaking Down the Barrier to Entry With 33 Million Users

In order to participate in Yee’s bitcoin cash airdrop, users need to meet specific requirements by the specific snapshot date (5/9/18 23:59:59 GMT+8) which is: Yeewallet users must hold at least 10,000 tokens of the company’s native coin called YEE , and those who meet the requirements will share 20 BCH. The Bitcoin Cash Fund board member Paul Wasensteiner tells news.Bitcoin.com that “the BCH airdrop will be divided proportionally based on the quantity of YEE they have in their wallet, with a minimum of 10,000 YEE as a requirement.”

News.Bitcoin.com also chatted with Paul Wasensteiner about the latest BCF initiative with Yee – who told us he believes that the airdrop is a great opportunity to spread bitcoin cash far and wide.

“Bitcoin Cash technology needs to be ingrained into almost everything we use to communicate — The internet allowed almost any person in the world to communicate with anyone else, and Bitcoin Cash will do the same for money. By integrating a Bitcoin Cash wallet into a popular messaging app like Yeecall, and even providing some free BCH so people can see how easy it is to use, the barrier to entry for these users has been completed removed,” BCF’s Wasensteiner explains.

33 million people will now have access to complete financial freedom. Using Bitcoin Cash should be as easy as sending a tweet, and we feel this partnership is a huge step in making this a reality, and brings us closer to our goal of reaching one billion users within five years.

Making Bitcoin Cash Accessible and Easy to Use for Every Single Person Worldwide

Wasensteiner tells news.Bitcoin.com that full instructions on how to participate in the BCF and Yee airdrop can be found here , and Yee users can also join the official group in Yeecall. Wasensteiner also emphasized that initiatives like these that utilize bitcoin cash will help promote the goal of financial freedom to every single person worldwide.

“Bitcoin Cash is going to open up the global economy and bring financial freedom to every single person on the planet, but before we can achieve that we need to make it as accessible and as easy to use as possible,” Wasensteiner concludes.

What do you think about the BCF initiative with Yee? Do you think initiatives like this are good for spreading adoption? Let us know your thoughts on this story in the comments below.

Images via Shutterstock, the Bitcoin Cash Fund, Yeewallet, and Pixabay.

Fund Someone Today!

If you are the generous type looking to help individuals or companies with Bitcoin funding then you’ve come to the right place.

We created Bitcoin Fund Me to facilitate a safe place to send Bitcoin and crypto currency donations. Funding systems are often mis-used, so we’ve put together a review team to manually review all submissions to Bitcoin Fund Me. Our hand picked selection system prevents false postings, making sure you don’t help someone that doesn’t really need it! We put your donations in the hands of real people who will use the funds properly.

In need of funding?

No problem simply click on the “Start A Campaign” tab and submit the form. After we’ve reviewed your submission, we may have some follow up questions to complete the approval process. Once we’ve approved your campaign, it will be posted to our site.

Once your campaign is over we will send you the donated coins minus a 4% fee.

A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)

SAN FRANCISCO — There are hedge funds with blockbuster returns. Then there is the Pantera Bitcoin Fund.

The fund — one of the first in the world to dedicate itself to virtual currencies — released its returns in a letter sent to investors on Tuesday. The figure for the life of the fund, which was set up in 2013, is eye popping: 25,004 percent.

A significant portion of the gains have come this year, thanks to the skyrocketing price of an individual Bitcoin, which hit $19,000 on Monday. (The fund’s 25,004 percent figure was actually counted back when Bitcoin was at $15,500, a week ago.)

For comparison, the top performing hedge fund in the world last year returned 148 percent, according to Preqin, a hedge fund tracker. Since 2013, the Pantera Bitcoin Fund’s compound annual returns have been around 250 percent.

The Pantera Bitcoin Fund did not have to do much to get those returns. It just bought Bitcoins and held them as the price went up. Its performance is a reminder of the unprecedented gains that Bitcoin has experienced, with some analysts arguing that Bitcoin’s moves have been even greater than the movements of Dutch tulip bulb prices back in the 1600s.

But Dan Morehead, who founded Pantera Capital and the fund after a career at Goldman Sachs, said it was not an easy decision to create a Bitcoin-focused hedge fund in 2013, when Bitcoin was primarily known as a currency for online drug markets.

“The first hard part was actually deciding to launch a cryptocurrency fund when everyone else thought that was crazy,” he said on Monday.

Many of the investors in the Pantera fund have not enjoyed its full 25,004 percent return. Some bought in at the beginning and then sold out when Bitcoin’s price was in a slow steady decline during 2014 and 2015. Others bought in during the current boom and have reaped only the returns that Bitcoin has experienced over the last year. Those still aren’t bad, at around 1,900 percent.

Those gains have given Pantera a lot of competition. More than 150 hedge funds focused on virtual currencies have been created this year, bringing the total number of such funds to 175, according to the research firm Autonomous Next.

Pantera estimated that in dollar terms, the fund has made $2.1 billion for its investors. Investors have taken out Bitcoins worth around $1.7 billion to hold for themselves, to avoid paying Pantera’s 0.75 percent annual fees. That has left Pantera holding coins worth $400 million. Overall, investors originally put about $150 million into the fund.

Like all hedge funds, Pantera is open only to accredited investors with significant assets. The minimum investment is $50,000.

The relatively straightforward strategy of the Pantera Bitcoin Fund, which has offices in San Francisco, could be replicated by small investors buying and holding Bitcoins.

But in its investor letter, Pantera noted that investors who go through Coinbase, the most popular service with small investors, pay fees ranging from 1.5 percent to 4 percent each time they buy or sell Bitcoin, creating more costs than Pantera charges its investors.

The Pantera Bitcoin Fund has developed strategies for buying and selling at good prices and also buys and holds an alternative to Bitcoin, Bitcoin Cash, which was created this summer.

Mr. Morehead said his fund has been attractive because it allows investors access to Bitcoin without going to Bitcoin exchanges, the places where people buy and sell the tokens, which have been hacked many times in recent years.

Several of the fund’s early investors came from the top ranks of the enormous asset manager the Fortress Investment Group. One of them, Michael Novogratz, is looking to start his own $500 million virtual currency hedge fund.

There have been a number of attempts to set up a similar fund for small investors, a so-called exchange traded fund, or E.T.F. So far, though, regulators have rejected those efforts.

Meanwhile, Pantera has expanded its own offerings with six other funds. Most recently, it began the Pantera Digital Asset Fund, which owns 25 virtual currencies, including several that were created through so-called initial coin offerings.

Mr. Morehead said there is a chance that the value of a Bitcoin could plummet to zero, given how early and undeveloped the technology still is. He said he tells investors to put only around 1 percent of their net worth in virtual currencies. But he thinks that 1 percent could do very well.

“There are a lot of famous people who have said Bitcoin is a joke,” he said on Monday. “They might be right. But if they are wrong and it goes up 25 times, they are missing out on a huge trade.”

Follow Nathaniel Popper on Twitter: @nathanielpopper

6 New Hedge Funds Seeking Bitcoin Returns

It's been a bumper year for bitcoin hedge funds. While the entry of big money from Wall Street into the bitcoin markets is discussed with equal measures of glee and rage in the community, some big-money financiers are already making moves in the cryptocurrency markets.

We're not talking about Barry Silbert's Bitcoin Investment Trust or the Winklevoss twins ' bitcoin index fund. No, there's a new class of funds running money for wealthy individuals, families and institutions, aimed to get these sophisticated investors into the bitcoin game.

Here's a roundup of the new bitcoin funds so far:

Global Advisors Bitcoin Investment Fund

The Global Advisors Bitcoin Investment Fund, which goes by the catchy acronym GABI, has claimed the title of the world's first regulated bitcoin hedge fund. That said, it's regulated in Jersey, the British Crown dependancy that is one of the world's top tax havens. The fund is due to launch on 1st August, according to Newsweek, and will seek clients in the UK, Europe and the Middle East.

The GABI Fund is run by Daniel Masters, a former energy trader at Shell and JP Morgan, where he rose to run its global energy trading division in the late nineties. In 1999, Masters also co-founded Global Advisors, a Jersey-based commodities hedge fund.

The new fund hasn't made public its planned fund size, or its likely trading approach, but Newsweek's Leah McGrath Goodman reports that Masters is bullish on bitcoin's long-term future and is attracted to the money-making opportunities in its current price volatility.

So what does regulation mean for GABI? According to the Jersey Financial Services Commission, "certified funds" like GABI must adhere to a code of practice established by the regulator that are designed to protect clients. This includes demonstrating the existence of financial resources and adequate insurance, setting up risk-management systems and being subject to future guidance from the commission .

Future guidance for bitcoin funds will be forthcoming, as the commission's Financial Crime Strategy Group is due to make recommendations on the risks linked to cryptocurrencies by the end of the year.

Pantera Capital

Pantera Capital brings some serious Wall Street pedigree to the table. The fund, which buys bitcoin as an asset, but also acts as a venture capital backer to bitcoin startups, is packed with a roster of high-profile names from high finance. Its principal is Dan Morehead, a former chief financial officer and head of macro trading at the legendary hedge fund Tiger Management.

Pantera's fund size is about $150m, which is three times larger than SecondMarket's Bitcoin Investment Trust, according to regulatory filings. It's fuelled by money from large institutional investors like Fortress Investment Group and venture capital firms Benchmark Capital and Ribbit Capital. Pantera also counts Mt. Gox and Ripple creator Jed McCaleb among its executives.

The firm put its sizable bankroll to use in search of early-stage company deal flow – even flying bitcoin startups to Lake Tahoe in private jets to be wined and dined, according to Bloomberg News. Pantera emerged as a backer of current top exchange (in terms of US dollar trading) Bitstamp, having put in $10m.

It's unclear how well Pantera has done with its bitcoin holdings so far. However, we do know that Fortress lost some $3.7m on a $20m bitcoin investment in 2013, according to The Wall Street Journal, before throwing its cryptocurrency lot in with Pantera.

Bitcoins Reserve

One group of traders hoping to cash in on the persistent price differences among various bitcoin exchanges is Bitcoins Reserve. Calling itself a "cryptocurrency arbitrage fund", Bitcoins Reserve hopes to buy low on one exchange and sell high on another, using automated trading software that it has developed itself.

The fund, a subsidiary of a British Virgin Island-incorporated firm called Chesham Group Ltd, says in its prospectus that it has returned 765% in the 12 months ending April 2014, beating bitcoin's price movement by more than 200 points.

Bitcoins Reserve is a relative minnow compared to other companies in this article; saying it wants to have just $5m under management by year's end. The firm hasn't publicly disclosed its current fund size. It's worth noting that Bitcoins Reserve was the victim of a phishing attack earlier this month, losing 100 BTC to the scam.

Binary Financial

This San Francisco-based fund began to build a public profile when it was named as an investor in ASIC manufacturer BitFury's hefty $20m round at the end of May. The firm is stocked with technology startup pedigree, with Jonathan Teo, who led investments in Twitter and Instagram, as a partner at Benchmark Capital, holding the post of chairman.

Binary also trades on its own account and for clients, however, deploying a range of trading strategies, including arbitrage, according to managing partner Harry Yeh, who's based in Vancouver. Yeh wouldn't say how much he has under management, although he said the fund's clients tended to be accredited investors.

Coin Capital Partners

Another hedge fund that's making big investor promises is New York-based Coin Capital Partners. The fund launched in May, promising "hedge fund industry best practices" and "investment grade" exposure to bitcoin.

Coin Capital intends to court accredited investors under the scrutiny of the Securities and Exchange Commission, and says it employs a straightforward buy-and hold-strategy for investors with a "long-term bullish stance" on the bitcoin price.

The firm is run by Samuel Cahn, a lawyer and investment manager who previously managed an arbitrage fund, who told trade title FINAlternatives that his fund has been seeded from a family office. His partners in the fund are brothers Sigmund and Drew Sommer.

Coin Capital has not disclosed its fund size.

Falcon Global Capital

Falcon Global Capital is bringing both financial firepower and its powers of professional persuasion to bear for its clients. The firm, which isn't a wheeling and dealing hedge fund, but rather an asset management vehicle for investors to buy and hold bitcoins, has also launched a lobbying initiative on Capitol Hill to raise awareness of bitcoin among legislators. Falcon's co-founder is Brett Stapper, himself a federally registered lobbyist.

Falcon, like the other funds listed here, targets accredited investors looking to buy relatively big chunks of bitcoin, but who don't want the hassle of procuring the coins themselves, or the risk of losing them through a security oversight.

The company buys bitcoin for its clients, with the smallest order being $25,000, and uses London startup Elliptic for its insured storage services.

Disclaimer: This article should not be viewed as an endorsement of any of the companies mentioned. Please do your own extensive research before considering investing any funds in these products.

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 of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

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Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be… more

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.

I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.

WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and… more