Former Harvard Portfolio Manager Opens Hedge Fund

FinTech, Innovation, Investing, News | August 18, 2017 By:

Former Harvard University portfolio manager Lewis Fellas will open a hedge fund September 1 that will invest in digital currencies. Fellas, who handled Harvard’s $35.7 billion endowment before leaving its Harvard Management Co. last year, calls the new fund Bletchley Park Asset Management.

The new fund is registered in the Cayman Islands and will seek to raise $200 million in its initial stages.

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Australia Proposes New Crypto Exchange Regulations

Announcements, Crime, FinTech, Investing, News | August 17, 2017 By:

The Australian government will seek to regulate cryptocurrency exchanges under a new proposal released today by the government’s Justice Ministry. The enhanced regulations would strengthen anti-money laundering rules and bring crypto exchanges under the purview of the Australian Transactions and Reporting Analysis Centre (AUSTRAC), which deals with money transfers in the country.

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Blockstack to Launch $25M Venture Capital Fund

Announcements, Blockchain, FinTech, Innovation, Investing, News | August 17, 2017 By:

New York-based decentralized Internet and developer platform Blockstack is launching a $25 million venture capital fund to back development teams utilizing its technology.

Called Blockstack Signature Fund, the fund is backed by Lux, OpenOcean, VersionOne, RisingTide, and Compound.  Funding will go toward apps built in the Blockstack ecosystem.

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