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.
  • Moses
  • 2020.07.20 11:19:57
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more info....contact me on whatsapp :+12067425358 happy new year to you all ..............................................................................................................................................................
  • 0
  • ·
  • 0
More
  • Bitcoin (BTC) $10,922.50 (+1.26%)
  • Ethereum (ETH) $359.11 (-0.06%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $229.93 (+3.20%)
  • Binance Coin (BNB) $26.55 (-0.16%)
  • Bitcoin (BTC) $10,922.50 (+1.26%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft