Arrington XRP to Raise $100M & Acquire ByteSize

Arrington XRP Capital and TechCrunch founder hopes that the acquisition of the fund will allow his firm to improve its strategy in a bear market.
28 March 2019   276

Arrington XRP Capital Hedge Fund raised over $ 100 million at the end of a round of financing and acquired the Australian research consortium and private crypto-fund ByteSize Capital. It is reported by CoinDesk.

Arrington XRP Capital founder Michael Arrington hopes that the acquisition of the fund will allow his firm to improve its strategy in a bear market.

The reason is, like everyone, we didn’t do particularly great last year, but we did better than the market. And that was a win. We are seeing a new market. It’s not 2017. It’s not 2018. Funds like ours will continue to find ways to make money in markets that are unpredictable. We are seeing a new market. It’s not 2017. It’s not 2018. Funds like ours will continue to find ways to make money in markets that are unpredictable.
 

Michael Arrington

Founder, Arrington XRP Capital

In January, Arrington XRP supported the Totle blockchain startup. 

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   84

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.