The Best in Crypto – 4/20/18

As Bitcoin Plunged, These Crypto Hedge Funds Kept Making Money

“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).

Saxo Bank: Cryptocurrencies Could See ‘Springboard’ Bull Market In Q2 2018

The major Danish Bank’s analyst Jacob Pouncey’s optimistic insight (Cointelegraph).

Crimean Gov’t Considers Crypto Fund To Attract Foreign Investment, Avoid Sanctions

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).

The Craigslist of Crypto Is Making Millions Where Bitcoin Is Needed Most

$27 million, to be exact (Coindesk).

€2 Million Donation to Fund World Food Programme Blockchain Project

The donation comes from Belgium to help fund the program, which includes its blockchain-based payments for pilot refugees (Coindesk).

Bitcoin ‘miners’ are losing money at any price below $8,600: Morgan Stanley

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).

Bitcoin Cash Approaches $1,000 Ahead Of Hard Fork

The altcoin rose up to $983.58 on Thursday (Forbes).

Ex-CEO of Bankrupt Exchange Mt. Gox Has a New Job In Crypto 

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).

How Cryptocurrency Takes Down the Cannabis Industry’s Biggest Barrier

“Cryptocurrency makes the cannabis industry more transparent and safer to operate, by taking cash out of the system. It also effectively decreases potential black market opportunities, while making legal compliance and taxation easier to monitor for regulators” (Medium: Cannco).

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