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Mike Arrington’s Hedge Fund Likes Bitcoin (BTC) More than Ripple (XRP)




A Ripple-denominated hedge fund called Arrington XRP Capital, which was founded by Mike Arrington himself seems to be actually holding more Bitcoin (BTC) than Ripple (XRP). Additionally, Mike Arrington also commented on the recent bull run that BTC has started, stating that he sees its price reaching $25,000 before the year ends.

Mike Arrington, the creator of the well-known Arrington XRP Capital hedge fund has made a lot of people question his November decision to make a hedge fund denominated in XRP. The $100M hedge fund was to invest mostly in cryptos and ICOs, with blockchain startups also being a possibility.

Now, more than half a year later, it would seem that the hedge fund actually has more BTC tokens than XRP, at least according to the recent Korea Blockchain Week interview.

Why go for Ripple (XRP)?

Arrington’s support for Ripple is no secret at this point, and he has pointed out on several occasions that quick cross-border transactions are where XRP shines the most. He is apparently pretty impressed with Ripple, and has called it a ‘really, really good way to move money’. This is the reason why he chose it for the fund since Ripple is not only fast but cheap as well.

Additionally, he noticed that the crypto world is filled with tribalism and that pretty much everyone hates XRP due to the controversies regarding its centralization, as well as nature. However, Arrington continues to claim that none of that is actually true and that decentralized cryptos have to struggle to become efficient, while Ripple is already there.

According to him, Ripple is the perfect choice for the hedge fund. Not only that, but he said that the biggest concern of the fund is its underlying assets, due to their diversity. Right now, the fund only holds a few million dollars worth of Ripple, which is around 3%-4% of the fund’s total amount.

The fund turns to Bitcoin

Arrington stated that the fund is extremely diversified, but has still admitted that the majority of the fund is comprised out of BTC. Still, there is a lot of other cryptocurrencies, like Ethereum, as well.

Another fund investment that came relatively recently included a US-based company called Mainframe. According to Arrington, Mainframe has made a lot of money for the fund, and he even stated that a significant number of investments came from Korean companies.

This is an important development, especially considering how Korean companies do not really like working with outsiders. In addition to crypto investments, the fund also invested in dApps and exchanges.

Finally, Arrington gave his own BTC price prediction for the end of the year. Bitcoin has recently turned bullish after more than half a year of constantly dropping. Currently, it’s price is at $8,247.22, but Arrington believes that it will continue to go up, and even reach $25k by the end of the year.

The potential approval of Bitcoin ETF is one of the reasons why many others believe that BTC will hit the price Arrington predicted. For now, the BTC ETF is expected to come in September of this year, but the decision currently lies with the SEC alone.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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