Connect with us

Crypto News

Just Announced: Finalists for $1 Million in Seed Funding by Samara Alpha Management, Bitcoin Magazine PRO

Published

on

Amsterdam, September 28, 2023 – Three finalists have been selected for the Bitcoin Alpha Competition, a crowd-sourced campaign to find the next top Bitcoin fund manager. The manager with the most promising approach for generating alpha in the bitcoin market will be awarded $1 million USD in seed capital and announced on the Main Stage of the Bitcoin Amsterdam Conference on Friday, October 13th by Samara Alpha Management.

Samara Alpha Management and Bitcoin Magazine PRO reviewed more than 150 applications from traditional finance and digital asset fund managers, and have selected the following finalists: Andrey Aakelyan (Theta Digital), Jaron Abbott (Armor Strategy), and Maximilian Pace (Animus Technologies). Of these three, one winner will walk away with one million dollars in seed funding – as well as all the necessary operational infrastructure to launch and run their fund strategy – thanks to the generous support of Samara Alpha Management and their signature seeding platform.

Below are insights into each of the finalists’ fund strategies:

Andrey ArakelyanTheta Digital

Theta Digital is focused on taking discretionary Long or Short positions in Bitcoin Futures at varying timescales to achieve incremental alpha denominated in BTC preserved by systematic risk management.

Jaron Abbott – Armor Strategies

The Armor Strategy utilizes a portfolio of indicators to quantitatively describe and measure the psychological behavior of panic selling in its early stages. Signals are aggregated and translated to predict and extract alpha from impending price moves.

Maximilian PaceAnimus Technologies

Animus Technologies is an AI-platform designed to develop data-driven trading strategies for cryptocurrencies. The result, developed over the past 6 years, is a systematic solution to reducing market volatility and enhancing investor returns over market cycles.

Bitcoin Magazine spoke with Roy Tse, Chief Risk Officer at Samara Alpha Management, for his thoughts on the competition and why Samara Alpha Management has made such a decisive move into the Bitcoin ecosystem:

“We have a belief that we can find interesting managers that are really adding accretive value to the Bitcoin space. At Samara, a lot of us believe in the power of Bitcoin and what it can do for the world.

Every day, we hear tons of great investment ideas and strategies. Given the current regulatory environment, and the disjointed-ness of the exchanges and markets, that is why many of these market opportunities emerge, similar to the early days of other traditional finance businesses that we’ve seen such as mortgage-backed trading and CLOs. Any time there is a new industry, there is a chance for novel financial strategies to succeed. But, to capitalize on that, the difficulty lies in the environment to set up the required infrastructure in such a new market, like Bitcoin and digital assets.

We are Bitcoin maximalists, we want to increase adoption. If folks can’t enter the market because of things like setting up their fund, or not knowing who to call – those are the pressure points we want to alleviate.

Because of that, we created the Samara seeding platform, which is essentially a fund in a box. We provide the ability for a manager to come in with a great idea and subscribe to a technology platform complete with all of the different disciplines needed to set up a Bitcoin investment management company. You have fund administrator connectivity with data coming through from the exchanges, pre-existing exchange partners and accounts, risk management functions complete with analytics, calculations and customization, liquidity management functions etc.

The million dollar prize for the Bitcoin Alpha Competition is very exciting for us, but the true excitement we have is for the seeding platform — being able to provide this functionality to fund managers with great strategies and helping them bring their ideas to life at the push of a button.”

With the crowning of the Bitcoin Alpha Competition winner at Bitcoin Amsterdam fast approaching, stay tuned for the announcement on Friday, October 13th for who will take home the $1 million prize as well as full access to Samara’s fund management platform.

For media inquiries and additional information on the competition, please contact: kristyna.mazankova@btcmedia.org

​ Three fund managers have advanced to the final stage in competing for $1 million in seed funding for their fund to generate alpha in the bitcoin market. The winner to be announced at the Bitcoin Amsterdam Conference. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto News

Bitcoin’s Turning Point: Counting Down to the Most Important Halving in History

Published

on

By

In celebration of the historic fourth Bitcoin halving and to ring in a new epoch in sound money, Bitcoin Magazine and Kraken are pleased to present the Bitcoin Halving Livestream. This event will bring together prominent voices in the Bitcoin space including Barstool CEO Dave Portnoy, Strike CEO Jack Mallers, Bitcoin Magazine Institutional Lead Dylan LeClair, and Ten31 Managing Partner Matt Odell.

This halving event – projected to occur between April 19, 2024 – will occur as Bitcoin reaches block 840,000, marking the point at which its relative supply issuance will drop below that of gold for the first time. Previous halvings have historically acted as a turning point in the market as the reduction in newly issued coins has been met with surging demand for the currency throughout each prior halving cycle.

This time around, the halving has been preceded by a new all-time high, an occurrence that has never happened since Bitcoin’s inception in January 2009. Between the launch of Spot Bitcoin ETFs in the United States (arguably the most successful ETF debut in history) by major financial institutions, and a potential resurgence in inflation, the Bitcoin bulls are on parade driving the market higher into uncharted territory.

Other guests slated to appear on the livestream are Bitcoin Magazine Chief Content Officer Pete Rizzo, Human Rights Foundation Director of Financial Freedom Christian Keroles, Simply Bitcoin Founder Nico Moran, Bitcoin Magazine Correspondent Isabella Santos, and Pomp Investments Founder Anthony Pompliano.


Click here for more information on the Bitcoin Halving Livestream powered by Kraken

In the countdown to Bitcoin’s fourth epoch, Livestream guests will review the Top 21 Moments of the past four years, as voted on by Bitcoin Magazine readers. Top moments include the rise of the Laser Eyes meme, MicroStrategy unveiling of its bitcoin-based treasury strategy, and the notorious rise and fall of disgraced FTX founder Sam Bankman-Fried. In partnership with Nitrobetting, Bitcoin Magazine will be awarding a 1 BTC prize pool for the Bitcoin Halving Challenge to contestants who most closely predict the price of the currency at Block 840,000.

Viewers will be able to count down to the halving with some of the biggest names in the space and commemorate the growth of Bitcoin with a New Year’s Eve-style celebration with Bitcoiners from around the world. The full roster of Livestream participants can be seen on www.BitcoinHalving.com and viewers can tune in on the Bitcoin Magazine YouTube channel, Twitter (X), LinkedIn, Rumble and Facebook.

Bitcoin has come a long way since the last halving in 2020, and it’s time to kick things up a notch as the world marches toward hyperbitcoinization. Don’t miss the Bitcoin Halving Livestream powered by Kraken so you can say you were there for the dawn of a new era in Bitcoin. 

For more information, visit www.BitcoinHalving.com and tune into the Livestream beginning at Bitcoin block height 839,974.

​ With the Bitcoin halving slated to occur in ~4 days, the biggest names in Bitcoin from around the world are counting down the most important halving yet. 

Continue Reading

Crypto News

Germany’s Largest Federal Lender LBBW Ventures Into Crypto Custody, Targets Mid-2024 Launch

Published

on

By

Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has announced plans to offer crypto custody services later in the year.

​ Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has announced plans to offer crypto custody services later in the year. 

Continue Reading

Crypto News

Amid a Week of Severe Crypto Lows, TON and ONDO Record Gains Despite Broad Market Declines – Market Updates Bitcoin News

Published

on

By

The past week has not been favorable for the majority of cryptocurrency assets, with only four specific digital currencies recording gains.

​ The past week has not been favorable for the majority of cryptocurrency assets, with only four specific digital currencies recording gains. 

Continue Reading

Shadow Banned

Copyright © 2023 mesh news project // awake, not woke // news, not narrative // deep inside the filter bubble