TechCrunch Founder Arrington Raising $100 Million XRP Fund
TechCrunch founder and Silicon Valley staple Michael Arrington has announced his newest venture – an XRP-denominated crypto hedge fund.
An investor in Arrington XRP Capital has put up another $30 million, enabling the fund to acquire an Australian trading firm.
Arrington XRP Capital may stop funding U.S.-based blockchain startups after being subpoenaed repeatedly by the SEC.
Michael Arrington has also dived into blockchain capital investments with his $100m firm, Arrington XRP Capital.
A crypto lending startup backed by TechCrunch founder Michael Arrington launched a U.S. dollar credit platform on Monday.
Michael Arrington's crypto-fund has reportedly been subpoenaed by the Securities and Exchange Commission.