10 Elite Hedge-Fund Managers Made a Jaw-Dropping $7.7 Billion in 2018

According to the inaugural ranking of hedge fund managers by news outlet Bloomberg, the top ten highest-earning hedge fund managers made a mouth-watering $7.7 billion in 2018. James Simmons led the inaugural list, earning $1.2 billion in additional income in 2018, which saw his net worth swell to $16.55 billion. His hedge fund, Renaissance Technologies, is one of the largest hedge funds by assets under management, with over $80 billion in assets as at the close of last year. The top five was rounded up by Ray Dalio (Bridgewater Associates, $1.26 billion), Bitcoin-bashing Ken Griffin (Citadel, $870 million), John Overdeck

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Crypto Markets Experience Mixed Trading Session, Analysts Expect Ethereum and Litecoin to Drop in Near-Future

The crypto markets have continued to gradually drift lower following last Friday’s market surge. Most cryptocurrencies have dropped today, with Ethereum trading down marginally, and XRP dropping nearly 2% due to concerns regarding the newly announced JP Morgan crypto (JPM Coin) possibly being a competitor. Many analysts now expect major cryptocurrencies, including Litecoin and Ethereum,

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Litecoin (LTC) Up 26.3% In the Last Week, What’s Bogging Down Price?

Litecoin prices up 26.3 percent Adoption levels on the rise Transaction volumes low but up from Dec 2018 Despite short-term sell pressure, Litecoin (LTC) is on the rise and adoption levels picking up. We can only conclude this as bullish and a pre-requisite for higher highs above $50. Litecoin Price Analysis Fundamentals The price of

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Bloomberg Editor Says JPMorgan’s Cryptocurrency Will ‘Obliterate’ Ripple; is XRP in Trouble?

On February 14, JPMorgan, the $340 billion banking giant, launched a stablecoin called JPM Coin. Industry experts foresee the stablecoin thrashing Ripple and its cryptocurrency XRP in the long run. Joe Weisenthal, co-host of Bloomberg’s What’d You Miss? said: If it turns out that the Blockchain/Coin framework turns out to be a good one for banks transferring money around, then the JPM Coin should absolutely obliterate Ripple. Think about it, let’s say you were in the business of transferring money, why would you take on the exchange rate volatility risk associated with having Ripple as a bridge currency, when you

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Analysts Claim That Ethereum and Litecoin Are Currently Bearish Despite Recent Gains

Following last week’s incredibly positive price action in the crypto markets, Bitcoin and most major cryptocurrencies have been able to maintain a large majority of their recent price gains. At the time, this positive price action allowed Litecoin to skyrocket over 30% and Ethereum to surge well over 10%. Despite this, both Litecoin and Ethereum

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