27 Feb '17, 9am
What Corporates Really Think Of Cryptocurrencies
anonymous data scientists competing for bitcoin provide artificial intelligence-based market prediction models used by San Francisco–based hedge fund Numerai to strengthen its investing strategy. Reports in Forbes last week said this company is now developing its own digital currency, Numeraire, making it one of the first digital currencies released by an entire company. According to the fund’s founder Richard Craib, the digital currency could act as an incentive for data scientists to develop more sophisticated market prediction models — which has massive implications for the hedge fund space altogether, introducing a way investors use cryptocurrencies to boost their own performance.