Arrington will create a $100 million fund in XRP

He has announced to create hedge fund to support ICOs
30 November 2017   1229

TechCrunch founder Michael Arrington has announced to create hedge fund which will be called Arrington XRP Capital. investors will buy shares of the fund and receive distributions in XRP. It is the native cryptocurrency of the Ripple Consensus Ledger (RCL) which is the fourth largest cryptocurrency by total market cap.

We’ll pay our own fees and salaries out in XRP as well. We want to “eat our own dog food” and be active users of crypto currencies in as many parts of our fund operations as possible, not just investors. This will make us better investors.

 

Michael Arrington

TechCrunch founder

The founding partners of Arrington XRP Capital decided to denominate the fund in cryptocurrency rather than fiat. It makes it easier for cryptocurrency holders and foreign investors to participate in the fund. They chose XRP because its fast and secure settlement infrastructure. Besides it has also been adopted by big companies for example American Express.

The fund is going to invest in cryptocurrencies and initial coin offerings (ICOs), and it may be it will obtain small equity stakes in blockchain startups.

Ledger Live to be Released

Ledger Live is a complex application that combines the functions of managing a hardware device and digital assets
10 July 2018   234

On Monday, July 9, the release of new software for hardware bitcoin wallets Ledger Nano S and Ledger Blue under the name Ledger Live with support for Windows, Mac and Linux operating systems.

According to the developers, Ledger Live is a complex application that combines the functions of managing a hardware device and digital assets. The new software has replaced many browser extensions based on Chromium.

Installing a new device and connecting an existing account to Ledger Live takes place as quickly as possible. Simultaneously, all crypto-currencies are now available in one account, which eliminates the need for users to use different applications for Bitcoin, Ethereum or Ripple.

It is noteworthy that the user interface provides data on the cost of all crypto assets in real time, and also displays the status of transactions.

The first version of Ledger Live does not support ERC-20 tokens, but the developers have already promised to add this option in the next releases.