Saturday, 20 September 2014
Last updated 1 day ago
Feb 14 2014 | 9:21am ET
You can shop online with them, buy basketball tickets with them and even send your sweetheart a floral arrangement on this Valentine's Day with them. And now, you can invest in a hedge fund, with bitcoins.
New York-based NYSO HEDGE has begun accepting deposits in the controversial cryptocurrency. The firm started taking them a week ago—and in three days had garnered $5.4 million worth.
NYSO has called bitcoin 95% more secure than a credit card and 70% more secure than cash, and "has deemed bitcoin deposits as safe as wire transfers with careful research and considerations."
NYSO's bullishness comes at a difficult time for bitcoin. Recent weeks have revealed a critical software flaw in the digital currency, one that shut down several prominent bitcoin exchanges. And regulators have increased their scrutiny, with Russia recently banning its use.
No matter how you wish to invest with NYSO, it'll take the equivalent of a $25,000 deposit.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.