Copy link
Increase text size
Decrease text size
Link copied

Former Cinnober blockchain lead Eric Wall joins Arcane Crypto

Mon, 11 Nov 2019, 11:30 am UTC

Eric Wall, a former blockchain lead at Cinnober, has joined Oslo, Norway-based Arcane Crypto, a bitcoin investment fund targeting high net worth Scandinavians and institutional investors around the globe.

Wall told CoinDesk that he joined the fund after NASDAQ acquired Cinnober, a financial technology provider to brokers, exchanges and clearinghouses, last year. During his three-year stint at Cinnober, he used to explain crypto to people in traditional finance.

Founded in 2018 by Norwegian investors Ketil Skorstad and Khristian G. Lundqvist, Arcane Crypto is an investment branch of crypto firm Arcane, which runs a technology team, trading arm, and Kryptografen.com, a Norwegian online news portal focused on cryptocurrencies. The company is also backed by Morten Klein, a poker player and chairman of the Swedish casinos company Cherry.

According to the official website:

“Arcane Crypto sees great potential in crypto­currencies and open blockchains. We particularly see big opportunities related to second layer technologies such as the Lightning Network. We are committed to contribute to this ever-growing ecosystem of programmable money, but are looking for opportunities to make money along the way.”

Wall did not reveal the assets which Arcane will be focusing on, but said that outperformance distinct from bitcoin revaluation would be the metric:

“I expect that the metric that really matters is how funds perform against bitcoin. Once the dust starts to settle on that, it’s going to be clear who’s been swimming naked.”

He further said that some altcoins could also be included in Arcane’s portfolio, but only after meeting strict criteria.

“We are seeing a maturing trend in the altcoin market. It’s already very different now than it was a few years ago. It’s becoming harder and harder for technically inept projects to fake-it-til-you-make-it. There’s only in a very few, select areas in the cryptocurrency design space that has merit to compete against bitcoin.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,937.25 (+3.06%)
  • Ethereum (ETH) $279.62 (+8.06%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $414.03 (+2.93%)
  • Bitcoin SV (BSV) $305.66 (-0.69%)
  • Bitcoin (BTC) $9,937.25 (+3.06%)
Feb 18, 2020 (Tuesday)
13:26
Enjin’s game development platform goes live on ethereum
12:14
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:14
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:13
Boerse Stuttgart's blocknox to offer crypto custody services to institutional clients
11:12
Crypto derivatives exchange Deribit lists daily ether options
10:48
UEFA EURO 2020 tickets to be distributed using blockchain-based ticketing system
10:12
South Korean and Singaporean crypto exchanges partner to develop new services
09:42
Russian central bank completes blockchain tokenization pilot in its regulatory sandbox
08:17
Crypto Technicals: ETH/USD retraces brief dip below 200H MA, close above 5-DMA to see upside resumption
08:16
Crypto exchange FCoin likely to default after up to $130M bitcoin shortfall
06:46
France-based Lagardère Sports partners with blockchain-based fan engagement platform Chiliz
05:36
Binance launches cloud solution to simplify launching cryptocurrency exchanges
04:52
Crypto Technicals: BTC/USD hovers around 21-EMA (9690), potential 'Golden Cross' limits downside
04:51
Telecom giants jointly test blockchain solution for automating roaming discount agreements
Feb 17, 2020 (Monday)
13:34
Fullerton Markets adds support for cryptocurrency deposits and withdrawals
13:02
Crypto asset custodian Copper raises $8M in Series A round
12:06
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:05
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:58
CFTC sues Colorado resident with fraud in crypto-related Ponzi scheme
11:22
Crypto Technicals: ETH/USD slips below 5-DMA, 'Golden Cross' to limit downside
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft