Study: one in five new hedge Fund is cryptocurrency

The study of Crypto Fund Research showed that, despite a bear market this year, the total number of startup hedge funds 20% are cryptocurrency.

According Crypto Fund Research, over three quarters of this year was running 90 cryptocurrency hedge funds, and by the end of the year this figure can grow to 120, with a total of 596. Last year on the wave of popularity of cryptocurrency appeared 118 focused on their hedge funds.

“The number of crypto-currency hedge funds has increased dramatically since the beginning of 2017. Two-thirds of all currently operating CryptoRandom the start of the last seven quarters, including the third quarter of 2018,” the report says.

The founder of Crypto Fund Research Joshua Gnaizda (Joshua Gnaizda) noted that on the background of the decline of traditional hedge funds, the growth rate of the cryptocurrency is a noticeable deviation, and signs of a slowdown is not observed.

The company reminded that the hedge funds are part of 622 working cryptocurrency funds, including based on venture capital and direct investment. In total, they control assets of $4 billion.

We will remind, earlier Crypto Fund Research predicted that this year will be running 165 cryptocurrency funds, and the volume of their digital assets to double.


Acne Buterin appreciated spam attacks on the Ethereum network at $15 million

Ethereum founder Vitalik Buterin shared his calculations as to how much it could do a spam attack on the network of ETH, which took place in June. According to him, we are talking about approximately $15 million.

«According to my calculations, the recent spam-attack on the Ethereum network was worth about $15 million (~5 million cups of green tea ~75 Lamborghini, ~25 rounds, seed rounds Coinbase or ~0.9% ICO Telegram). Free market principles do not allow me to be upset that someone is using bloccano ETH as he wants, but wow,» – wrote in his Twitter Buterin.

If his calculations are correct, spamming cost a round sum, although it is unclear how coordinated this attack and what kind of coverage she actually had.

In his tweet Buterin avoids speculation on this subject. Instead, he shares his calculations, complemented by colorful equivalents, and expressed surprise at the amount which he succeeded in the end.

Recall that according to Buterin, decision scaling of the second – level sharding and Plasma will give Ethereum a capacity to handle 1 million transactions per second, and further – to 100 million transactions per second.


The Ethereum developers are optimistic about the fork Bizantium

At the end of last week was held the last meeting of the developers before Bizantium fork of Ethereum, scheduled for October 16.

At the meeting it was about how to ensure simultaneous updating of all clients Ethereum. This is necessary in order to avoid any unintentional splits.

To fork was held evenly across all nodes, clients need to make the necessary changes that accompany the update, and install a trigger on the unit # 4 370 000, which will mark the official transition to the new code.

After hardwork is completed, the Ethereum network will work faster. In addition, the launch of Byzantium will introduce new variables that will enhance the privacy.

The developers expect that clients Ethereum, which has not yet released an update that will do this in the coming days. The most popular client, Go Ethereum (Geth) has already been issued its release.

During the meeting revealed some shortcomings. So, the developers separate customers forgot to test their software for the relatively lower level of difficulty of mining to be submitted in Byzantium.

More meetings for the period up to the fork developers are not planning to pursue, provided there is no force majeure that require urgent discussion.

«We organize the discussion, if something goes wrong. Otherwise, we will meet the number 20», – said the Chairman of the meeting , Hudson and Jameson.

Recall that Bizantium is the first stage of hard forks Ethereum Metropolis. Currently, «Byzantium» is tested in a network Ropsten.

On the second stage, parforce under the name Constantinople («Constantinople»). His conduct will depend on, how will the introduction of new instruments in the first stage.


Justin San going to save DApps developers Ethereum and EOS.

Founder of TRON Foundation Justin San said about the desire to save DApps developers Ethereum and EOS from the collapse of their platforms.

To lend a helping hand to Justin San ready under one condition: if the developers will take their decentralized apps in the ecosystem of TRON.

The majority of Twitter users responded to the tweet of the head of TRON Foundation with humor.

User under the name EOS New York, who, presumably, is block-a producer network EOS wrote:

«I think we can handle it, given a billion dollars of venture financing of projects #EOS #EOSIO from Galaxy, SVK Crypto, Tomorrow, etc. good Luck, Justin.»

Previously, Justin San said the words Vitalik Buterin about the futility of growth of blockchain assets.


Coinbase adds support for more than 30 scriptaction

The largest American cryptocurrency company Coinbase announced that he was continuing to study the possibility of supporting more than 30 digital assets.

Representatives of the company stressed that Coinbase will continue its dialogue with regulators and banks to make tokens available to the largest possible number of jurisdictions.

«We plan to offer our members access to more than 90% of the most capitalized digital assets. To translate this into reality, we measure the assets in accordance with our Digital Asset Framework. Taking into account factors such as safety, compliance and project compliance with mission Coinbase. The essence of the latter lies in the creation of an open global financial system», — said in a company blog.

Further, Coinbase leads the list of considered scriptaction. They are: Cardano (ADA), Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), Civic (CVC), you Dai (DAI), district0x (DNT), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK) Network Loom (LOOM), Loopring (LRC), Decentraland (MANA), Mainframe (MFT), Maker (MKR), NEO (NEO), OmiseGo (OMG), (POE), QuarkChain (QKC), Augur (REP) Network Request (REQ), Status (SNT), Storj (STORJ), Stellar (XLM), XRP (XRP), Tezos (XTZ) and Zilliqa (ZIL).

Finally, the company representatives noted that information about adding new digital assets will be published in the Coinbase blog and Twitter.

Recently, Coinbase has added support for zcash for, Ethereum Classic token standard ERC-20.


Blockchain project EY will simplify the management of parks of Autonomous cars

Ernst&Young (EY) has launched a new project «Tesseract» for fleet management of Autonomous vehicles. Developed integrated platform will provide digital records of vehicles and trips on the technology of the blockchain, but also facilitate the sharing of ownership.

Platform Tesseract is designed to solve the main problems associated with the proliferation of sharing vehicles. The use of blockchain technology will accelerate the automatic execution of transactions between vehicle owners, operators and third party service providers through the use of a unified pay system.

Commenting on the project, the international Director of innovation at EY Paul Brody said:

«Blockchain technology, the time has come to change the automotive industry. Its use for transport services makes possible peer-to-peer interaction between owners with minimal infrastructure requirements. Data can be stored permanently and safely be managed while auto resolution and transaction processing greatly simplify things».

Recall that IBM and port operator PSA International will test the blockchain in the field of transportation.


Analysts predict revenue growth of kryptomere 2 times in 2018

In 2018 the income of crypto-currency exchanges can grow more than doubled – to $4 billion this is stated in the analytical report Sanford C. Bernstein & Co.

According to the authors of the report, the decline in cryptocurrency market are unlikely to affect the profitability of trading platforms.

Last year trade bitcoin and other cryptocurrencies has brought to the largest cryptobia $1.8 billion of income – about 8% of the revenue of the traditional exchanges.

Estimates for 2018 are based only on the fees. From the point of view segments only global business ordinary shares bypassed cryptotrading.

«As the formation of scriptaction as a class and the growth of institutional demand and offer many opportunities for traditional companies, including asset management, stockbrokers and custodial services,» the authors report.

While the giants of wall street such as Goldman Sachs Group Inc. and JPMorgan Chase, began to develop a new business, the conventional financial industry refers to the cryptocurrency with caution because of the uncertainty in regulation and price volatility – December the exchange rate of bitcoin has fallen by about 67%.

Because of these concerns, the American crypto currency exchange Coinbase, supported by a traditional banks, stock exchanges and venture capital, can achieve «enduring competitive position», which will continue as long as wall street becomes more involved in this market, analysts say.

While traditional companies are unlikely to trade cryptocurrency in the near future due to concerns related to the regulation and money laundering, made to Sanford C. Bernstein & Co.


In the state Duma introduced the first bill to regulate cryptocurrency

The state Duma received a draft law on regulation of decentralized virtual property – cryptocurrency and token. About it reports «Kommersant».

The authors of the document were made by ANO «Law of robots», the company «Voronkov ventures» and Heads Consulting. They propose to create a national cryptocurrency exchange, and its base currency to make cryptool. The exchange of digital currency normal, as mining is proposed to impose taxes. The project also defines legal status of participants of the stock market and the mechanism of initial public offering tokens (ICO).

On November 29 the document was sent to the head of the Duma Committee on financial market Anatoly Aksakov and the President of the expert Council on legislative support of financial technologies Martin Shakkum.

According to Aksakov, the earlier such initiatives, the Finance Committee was received. He also noted that the cryptocurrency qualified as a virtual property is «the right direction».

Currently, the draft law on the regulation of cryptocurrencies are also preparing the government and the Central Bank, but the state Duma believes it is important the existence of different positions, said Aksakov. The idea of cryptolabs and the creation of a public cryptocurrency exchanges he is skeptical.

Martin Shakkum , in turn, said that the expert Council for legislative support of financial technologies has received dozens of proposals relating to certain aspects of regulation, but complete sentences were not. Bill Shakkum have not read, but the idea of cryptorama evaluates categorical:

«No country has not released any national cryptocurrency in General, this idea is more than doubtful».

Earlier, Aksakov stated that the state Duma may pass laws on cryptocurrencies by the end of autumn.


In Hong Kong will use the blockchain to track diamonds

Hong Kong jewelry company Chow Tai Fook Jewellery Group will start to use blockchain-based platform for tracking diamonds.

Developed startup Everledger service based on blockchain platform IBM. It will allow customers to chain stores T Mark accurately determine the origin of diamonds and their quality, as was explained in Chow Tai Fook Jewellery Group.

“Nowadays, young consumers are often interested in the full cycle of diamonds, so jewelers increases the importance of identifying the origin and authenticity of the precious stones through the use of modern technologies”, — said one of the managers of the company.

Information about precious stones will be available through the app T Mark. Users will be able to get the information from the digital certificate of any diamond that is sold in stores of the company.

“This initiative not only provides the consumer with a convenient and effective management of your assets. This is a long term and valuable investment that enriches the knowledge of customers about diamonds,” said the team leader retailer company Kent Vaughn (Kent Wong).

As reported in Chow Tai Fook Jewellery Group, a ready-made blockchain-certificate for 3 thousand diamonds being sold in stores 4 T Mark. Ultimately, the initiative will be extended to 10 stores and 10 thousand diamonds.

Earlier, the De Beers Corporation, which is engaged in producing, processing and selling of natural diamonds, has begun to develop blockchain-based platform for tracking of the supply chain. A similar project announced by IBM together with a number of major participants in the international jewelry market, including Berkshire Hathaway Richline Group, Asahi Refining, LeachGarner and Helzberg Diamonds.


The Foundation of the Institute of the Internet goes to ICO

The Foundation of the Institute of development Internet (FIRI) plans to hold the ICO within three months. About this report «Izvestia» with reference to the Foundation’s President Alexei Fedorov.

The new Fund, which in late August announced the President’s Advisor, Chairman of the Board of the Institute of development Internet (IRI) Herman Klimenko, will be engaged in telemedicine projects. For projects, the Foundation plans to raise $60 million during the ICO. It is expected to produce 1 million tokens. The price of one token is $60. Alexey Fedorov expects that in a year the value of the Fund is estimated at $1 billion.

The Fund will identify problems in the development of digital medicine and to develop measures to overcome them. He also plans to increase the competitiveness of Russian companies in this industry in the global market and to promote investment in the field of digital medicine, information technology and the Internet.

The first draft of the Fund — recognition technology pathology medical digital images. Until mid-2018 it is planned to complete the identification of all pathologies with probabilities over 90%. Also in the plans is the recognition of the fundus and chest radiography. You plan to start working with MRI and CT.

Co-founder of the community of experts and investors in the blockchain-the economy DeCenter and founder of the Fund Russian Ventures Evgeny Gordeev sure that such a project has prospects:

«In the light of developments in the field of artificial intelligence and computer vision, as well as opportunities to consolidate medical developments from all over the country we see one of the most prominent venture capital stories. Medical project can attract millions of users. There is a world of people who don’t like to diagnose their ailments in automatic mode. If the analysis of the CT scan will cost only $1, multiplying this amount by the «Golden billion» people who do this kind of analysis from experts, we get the potential size of the market.»

It was founded by Yuri Klimenko (the son of Herman Klimenko), head of the Association of companies the Internet-trade (AKIT) Alexey Fedorov and Professor, Department of medical Informatics Moscow state University of medicine Georgy Lebedev. Director of the Fund appointed the Deputy Director of Iran’s Ekaterina Lobanova.