New global fund to raise $300 million for digital currency investments

April 21, 2017 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Alphabit, a global fund that invests in digital currencies, has been launched with a target of $300 million, co-founder Liam Robertson said in an interview, as managers seek to tap growing demand for virtual assets that allow for instant, borderless transactions. Digital currencies such as bitcoin are issued and usually controlled by its developers, and are used by members of virtual communities. The sector’s market capitalization has surged more than 60 percent so far this year, and nearly 260 percent…

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