Sep

Hedge Funds Are Hacking Blockchains to Guide Crypto Investments

Proliferation of ICOs raises risk of faulty, fraudulent deals
Crypto hedge funds have raised more than $800 million

Lucas Ryan of MetaStable Capital took a deep dive into the computer code underpinning the digital currency Monero to see if it worked as promised. He even took a core piece written in C ++, and rewrote it in the programming language Python.

The extra effort paid off. After taking the time to vet Monero before its investment, the San Francisco-based hedge fund has seen a 100-fold return, said Joshua Seims, who started MetaStable with Ryan three years ago…

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Hedge Funds Are Hacking Blockchains to Guide Crypto Investments

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