Crypto start-up Dfinity has set to launch a blockchain rival for AWS
One of the most ambitious and backward cryptocurrency projects is finally ready to see the light of day, among the signs that could turn the tremendous frenzy on digital assets back into trading when it officially begins trading on Monday.
Dfinity will release what it calls an “Internet computer,” a set of technologies aimed at supporting a new generation of decentralized applications and services being developed in the blockchain world.
Even before it is launched this week, the future of digital tokens that will be used to lubricate the wheels of its internal digital economy has suggested that it could claim a place among a few very valuable cryptocurrencies. At one point a very volatile and thin trade put the added value of its token at more than $ 100,000 million.
Digital Asset Management Firm Arca Raises $10 Million in Series A Funding
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Funding To Drive Further Expansion and Innovation in Delivering Digital Asset Investment Products
“We believe that the introduction of digital assets as a capital formation and growth bootstrapping mechanism is the greatest innovation in financial services since the Dutch East India company issued shares of its business to the public in the 1600s,” said Arca CEO Rayne Steinberg. LOS ANGELES (PRWEB) January 13, 2021
Arca, an asset management firm focused on investing and innovating in the digital assets space, today announced it has closed a $10 million Series A round of funding, led by RRE Ventures with additional participation from Alex Tisch, President of Loews Hotels & Co. and a coalition of top financiers led by Littlebanc Advisors.
Updated Dec 24, 2020 at 1:53 a.m. UTC
Digital Assets Find Their Footing in Unstable Times
The British poet Alfred Tennyson once wrote: “Hope smiles from the threshold of the year to come, whispering ‘it will be happier’…”
The majority of those reading that line hope it applies to 2021 because this past year has been one of the more difficult in modern times. A global pandemic that began in December 2019 has now affected 65 million people around the world, killing 1.5 million. It has made us change the way we live our lives, from where and how we work, our children’s schooling, sheltering in home, how we interact in our local economies and so much more.