Man Group may launch Bitcoin futures trading

This is said by the Luke Ellis, CEO of Man Group to Reuters
15 November 2017   1161

Man Group is the  world’s largest publicly traded hedge fund, with $103.5 billion under their control. Man Group is a London based firm with 1,250 employees and 2016 revenue of $827 million. If it will start Bitcoin futures trading, it will be big step for Bitcoin and blockchain. 

Luke Ellis, CEO of Man Group told Reuters:

Conceptually digital currencies are an interesting thing. It’s not part of our investment universe today – it could be. If there is a CME future on bitcoin, it would be. There is a big difference between a digital currency and a traditional currency...Traditional ones are supported by governments who have armies and tax men that can make people follow their rules, and digital ones don‘t. But that doesn’t invalidate digital currencies at all. You’ve got a few countries where there is a real problem about getting paid your money back - like Venezuela and Lebanon. There are high yields but not if you’re not going to get your money back, and (then) there’s a whole bunch of countries that trade with sort of no premium. Is transparency about what’s going on in small and mid-cap stocks going to get materially worse? Yes. Is it going to create some what are inherently false markets which will hurt some inexperienced investors? Yes.
 

Luke Ellis

CEO, Man Group

It is worth reminding that abovementioned CME Group reported on the start of Bitcoin futures trading in December. It doesn't seems possible that Man Group will launch BTC futures trading to that date too, but, we can see that institutional investors are very interested in Bitcoin.

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   273

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.