Hedge Fund Specialist: Crypto Funds lost 29.2% in March

Barclay Hedge released its latest index, the Cryptocurrency Traders Index, revealing that players in the field failed 29.2% in March 2018
20 April 2018   220

And year to the current date, it is being declined 43.1% after three subsequent monthly losses. The researchers suppose that the new tool is an equal-weighted index of the monthly proceeds of a representative universe of 19 component funds that trade bitcoin and other cryptocurrencies, beginning Jan 1st 2018.

Estimated perfomance calculated with reported data from crypto funds for January-March of 2018
Estimated perfomance calculated with reported data from crypto funds for January-March of 2018 

Barclay Hedge, established in 1985 and previously known as The Barclay Group,  works for institutional investors around the world in the sphere of hedge fund and managed futures performance measurement and portfolio management. It supports  148 hedge fund indices for financial institutions in North America and Europe in its role as an independent index calculation agent.

The ability to trade Bitcoin futures on exchanges such as CME and Cboe, which are respected worldwide, provides a much-needed level of transparency, investor safety, and credibility to the price–discovery process and creates a level of institutional legitimacy that is crucial for growth in this sector. Within days of the launch of Bitcoin futures, Bitcoin rose to its all-time high of just under $20,000 on December 18 last year. Today’s prices are just over $8,000. Folks have their opinions, but no one really knows if it’s a bubble or a corre. 
Sol Waksman, president, founder, Barclay Hedge

The massive 2017 price revival saw an outbreak in the number of crypto hedge funds, with a whopping 167 planned to have launched during the year. Nevertheless, many are trying to survive the present market with at least nine crypto hedge funds having stopped operations.

ACINQ to Release Lightning API For Bitcoin Mainnet

Strike is API for easy acception of Lightning network payments
25 May 2018   48

Developers from ACINQ presented a version of Strike API for Lightning-payments in the main bitcoin network.

Strike is an API for easy acception of Lightning payments. From a technical point of view, the service works as follows: ACINQ receives and aggregates incoming payments, and then periodically sends transactions to the recipient's wallet. In other words, companies can offer their clients instant and low-cost payments, receiving funds through the usual cash transaction.

We take a 1% fee on payments, and that’s it. Automated payouts to your Bitcoin wallet are free of charge, because we batch them among merchants. The threshold for automated withdrawals can be set between 0.1–1 BTC.
 

ACINQ

Also, users can make a payment to the wallet manually, however in this case you will have to pay a commission of 0.5 mBTC.

According to ACINQ representatives, although using Strike and assuming the need to trust a third party, the level of risk is minimal, since the service sends an onchain-transaction every time the total amount of payments reaches a user-adjustable threshold.

The developers noted that the Strike integration with the WooCommerce plugin is currently underway. In addition, ACINQ is considering the possibility of partnership with the Canadian Internet company Shopify, which specializes in developing software for online and retail stores. The company serves 500,000 trading companies with a combined turnover of $ 45 billion.