New data released by Trading Platforms indicates that it costs USDF25.2 million per day in electricity to process bitcoin transactions. The consumption cost is based on bitcoin’s 30-day average transaction of 328,418 as of 17 January, 2021, and the energy footprint per 1 BTC transaction confirmation of 612 kWh equivalent to USD76.74.
As more hedge funds pile into cryptocurrencies, market inefficiencies and price dispersion are bringing fresh arbitrage opportunities for managers.
As more hedge fund firms pile into the digital asset and cryptocurrency space, analysts at the London-listed hedge fund giant Man Group say bitcoin’s recent volatility could be seen as “price discovery” in a new asset class, which will ultimately give way to greater stability in the currency, and more credibility among investors.
EQUOS, the cryptocurrency exchange of digital assets financial services company Diginex Limited, has launched Bitcoin (BTC) Perpetual Futures Contracts.
Alternative investment firm SkyBridge Capital has launched of the SkyBridge Bitcoin Fund LP, which provides mass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin.
Arrano Capital, the blockchain arm of Venture Smart Asia Limited, has licensed the MVIS CryptoCompare Bitcoin Index (MVBTC) for its recently launched bitcoin fund.
Hedge funds trading cryptocurrencies doubled their assets under management last year - but returns remain volatile, with the ability to survive hinging heavily on performance, a new industry survey has found.
Stack, a provider of cryptocurrency trackers and index funds has launched an institutional grade bitcoin index fund in response to investor demand for controlled exposure to the high-yield potential of bitcoin globally.
Cryptocurrency liquidity provider and electronic OTC trading specialist B2C2 has launched a product for trading gold directly against Bitcoin (XAU/BTC).
PrimeXBT, a Bitcoin-based margin trading platform offering up to 500x leverage across forex, stock indices, commodities, and cryptocurrencies, has launched a new lower fee structure that includes a reduction in overnight financing fees on all crypto trading pairs, as well as a 10x reduction in trading fees across all forex pairs.