In recent news pertaining to cryptocurrency exchanges, images circulating online show Pantera Capital’s Digital Asset Fund had a lifetime-to-date performance of minus 40% as of the end of August, Bittrex has announced the delisting of Bitshares, Bitcoin Gold, and Bitcoin Private, and Indian cryptocurrency exchange, Bitbns, has been accused of falsifying its trade volume. A post circulating on Twitter detailing the “August performance” of Pantera Capital’s Digital Asset Fund shows that the fund’s life-to-date losses were 40.8% as of the start of September.
The post also shows that the fund lost 22.3% in August alone, and is down 72.7% from the all-time highs posted by the fund in January.
Earlier this month, Bloomberg reported that the Grayscale Bitcoin Investment Trust has lost 80% of its value when compared with the fund’s December 2017 all-time highs after it recently established a new for 2018, signifying that the bearish performance of cryptocurrencies has fueled losses across numerous virtual currency funds.