30 Aug '17, 7pm

via @clusterstock

via @clusterstock

Bitcoin themed balloons float in the air during the "Inside Bitcoins: The Future of Virtual Currency Conference" in New York. Reuters/Lucas Jackson The market for cryptocurrencies is red-hot, and dozens of crypto-focused hedge funds are looking to get in on the action. Digital currencies, such as Bitcoin, are powered by distributed ledger technology and are not controlled by a centralized authority. The market for such currencies has exploded with over 800 coins on the market with a combined marketcap of $166 billion. Autonomous NEXT, a fintech analytics firm, released a list of 55 cryptocurrency hedge funds on Tuesday, illustrating the mounting interest in the space. "Like wild mushrooms, crypto hedge funds have been taking root in the volatile and unregulated soil of the crypto economy," Autonomous NEXT said in a post on their website. "So we went digging, and digging an...

Full article: http://www.businessinsider.de/bitcoin-price-surge-leads-t...

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