• Latest
Emberfund Turns Your Phone Into a Crypto Hedge Fund

Emberfund Turns Your Phone Into a Crypto Hedge Fund

May 14, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Emberfund Turns Your Phone Into a Crypto Hedge Fund

coinnewsdaily by coinnewsdaily
May 14, 2019
in Business
0
Emberfund Turns Your Phone Into a Crypto Hedge Fund
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

When we think about investing in crypto we imagine a single, monolithic transaction and then years of HODLing. The folks at Emberfund imagine a different way.

Their app, available now for iOS and Android, lets you buy into an index of cryptocurrencies that automatically balances itself over time. The founders, Alex Wang, Mario Lazaro, and Guillaume Torche, have a background in AI and met when working at GumGum, another AI startup. They brought their machine learning and algorithmic smarts to bear on building a better crypto hedge fund.

The product works like a regular wallet. You add cash via the app and then select an investment strategy including a weighted fund of ethereum, bitcoin and litecoin, or something like the Marius 5 S-Tier Fund created by Quora commenter Marius Kramer. The system can automatically change the currency weightings based on prices and other indicators.

Click images to enlarge

“We’re the first product in the world that allows anyone to invest like a cryptocurrency hedge fund, with just $100,” said Wang. “A key differentiator is that we’re non-custodial so all assets are encrypted by the user’s mobile device, we never touch, custody or transmit user funds.

He continued:

“The rocket science is that we’ve figured out how to do asset management, without ever taking custody of assets.”

The team has even created an algorithmic hedge fund that trades automatically, greatly reducing human interaction.

The recent saturation of crypto hedge funds hasn’t stopped Emberfund from building its product. The founders bootstrapped the business themselves, chipping in $5,000 each. And they’ve gone a long way on such a small seed.

“We had almost $2 million in transactions last month and now have millions of assets under management,” said Wang.

“We were excited by the notion that this technology would enable the family in a third world country to have access to the same financial products as a Goldman Sachs banker and set out to build a product that would do just that,” said Wang.

App images courtesy of Emberfund

Credit: Source link

Tags: BusinessCryptoCrypto Business
Share76Tweet48
Previous Post

The Elk Is a Tiny Prototyping Board for Building Blockchain-Connected Devices

Next Post

Samsung to Roll Out Crypto Features on Budget Galaxy Phones

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
Samsung to Roll Out Crypto Features on Budget Galaxy Phones

Samsung to Roll Out Crypto Features on Budget Galaxy Phones

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$27,993.001.20%
  • ethereumEthereum(ETH)$1,775.491.20%
  • tetherTether(USDT)$1.00-0.63%
  • binancecoinBNB(BNB)$328.931.31%
  • rippleXRP(XRP)$0.4508480.59%
  • cardanoCardano(ADA)$0.3569581.23%
  • dogecoinDogecoin(DOGE)$0.074655-0.01%
  • matic-networkPolygon(MATIC)$1.112.02%
  • solanaSolana(SOL)$20.952.20%
  • polkadotPolkadot(DOT)$6.041.72%
  • litecoinLitecoin(LTC)$93.391.52%
  • shiba-inuShiba Inu(SHIB)$0.0000110.47%
  • tronTRON(TRX)$0.0642620.01%
  • daiDai(DAI)$1.00-0.40%
  • chainlinkChainlink(LINK)$7.262.05%
  • cosmosCosmos Hub(ATOM)$11.331.49%
  • leo-tokenLEO Token(LEO)$3.482.67%
  • moneroMonero(XMR)$160.460.11%
  • ethereum-classicEthereum Classic(ETC)$20.331.02%
  • okbOKB(OKB)$42.120.43%
  • stellarStellar(XLM)$0.0922220.96%
  • bitcoin-cashBitcoin Cash(BCH)$124.52-0.62%
  • filecoinFilecoin(FIL)$5.674.81%
  • crypto-com-chainCronos(CRO)$0.0691560.55%
  • vechainVeChain(VET)$0.0228920.44%
  • algorandAlgorand(ALGO)$0.2109701.39%
  • internet-computerInternet Computer(ICP)$4.971.01%
  • eosEOS(EOS)$1.142.02%
  • elrond-erd-2MultiversX(EGLD)$42.810.98%
  • tezosTezos(XTZ)$1.152.87%
  • aaveAave(AAVE)$72.841.95%
  • theta-tokenTheta Network(THETA)$1.021.49%
  • neoNEO(NEO)$12.281.66%
  • havvenSynthetix Network(SNX)$2.471.62%
  • paxos-standardPax Dollar(USDP)$1.00-0.63%
  • bitcoin-cash-svBitcoin SV(BSV)$36.51-0.02%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.750.89%
  • dashDash(DASH)$59.341.88%
  • makerMaker(MKR)$669.790.02%
  • huobi-tokenHuobi(HT)$3.680.21%
  • iotaIOTA(MIOTA)$0.2104712.18%
  • zilliqaZilliqa(ZIL)$0.0274401.95%
  • zcashZcash(ZEC)$36.361.94%
  • basic-attention-tokenBasic Attention(BAT)$0.2475354.52%
  • nemNEM(XEM)$0.0398462.43%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.120.61%
  • kusamaKusama(KSM)$33.603.45%
  • compound-governance-tokenCompound(COMP)$42.661.11%
  • bitcoin-goldBitcoin Gold(BTG)$16.40-1.22%
  • yearn-financeyearn.finance(YFI)$8,437.561.96%
  • omisegoOMG Network(OMG)$1.851.35%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2386530.05%
  • wavesWaves(WAVES)$2.171.14%
  • ontologyOntology(ONT)$0.2309024.23%
  • sushiSushi(SUSHI)$1.052.83%
  • digibyteDigiByte(DGB)$0.0096241.26%
  • umaUMA(UMA)$2.041.33%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%