NYT Reporter: Facebook Seeking $1 Bln in Venture Capital for Crypto Project

Facebook is reportedly seeking support from various venture capital (VC) firms to develop its supposed digital token, New York Times (NYT) tech reporter Nathaniel Popper tweeted on April 8.

Citing sources familiar with the matter, Popper states that Facebook is seeking a $1 billion sum to develop its cryptocurrency project. He states that seeking outside investment could keep the project more in line with the crypto community’s decentralized ethos:

“Given that one of the big allures of blockchain projects is the decentralization,

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Renvale Capital Holds Annual Meet the Profession Networking Dinner and Discusses Korea Legislations


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Arrington XRP Capital Owns More BTC Than Ripple

Altcoins

During a recent interview with CNBC Crypto Trader’s Ran Neu-Ner, Michael Arrington of Arrington XRP Capital revealed that his fund owns more BTC than XRP, and discussed the company’s decision to denominate in XRP.

Also Read: Huobi Informs Users on Decision to Launch P2P Trading in India

Arrington XRP Capital’s Exposure to XRP is “3 – 4%”

Arrington XRP Capital Owns More Bitcoin Core Than RippleIn an interview with CNBC Crypto Trader during their coverage of Korea Blockchain Week,

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