“Funds specializing in virtual currency market making and arbitrage strategies delivered first-quarter gains even as their mostly bullish peers lost 40 percent on average. That’s a big reversal from last year, when digital assets soared and market-making funds lagged far behind their long-biased counterparts” (Bloomberg).
The major Danish Bank’s analyst Jacob Pouncey’s optimistic insight (Cointelegraph).
The Crimean Deputy Prime Minister Georgy Muradov said, “We are discussing ways to avoid sanctions. One of these methods is the creation of a cryptocurrency investment fund in Crimea where we will accumulate cryptocurrency resources, transfer them to normal money, and then use them for the realization of any kind of investment projects on Crimean soil” (Cointelegraph).
$27 million, to be exact (Coindesk).
The donation comes from Belgium to help fund the program, which includes its blockchain-based payments for pilot refugees (Coindesk).
Equity Analyst Charlie Chan said, “We estimate the break-even point for big mining pools should be US$8,600, even if we assume a very low electricity cost (US$0.03 kW/h)” (CNBC).
Mark Karpelès is the new chief technology officer at London Trust Media, a Denver-based company with the world’s largest paid virtual private network service (Fortune).