Crypto Hedge Fund Arca to Lay Off 30% of Its Staff
By
Darya Rudz
The company cited the challenging environment as a reason behind its headcount cut.
The company cited the challenging environment as a reason behind its headcount cut.
The new Arca venture fund will support startups in the NFT, online gaming, and Web 3.0. markets. The fund is targeting 14 investments this year.
Both the European and Asia branches of Fidelity International are exploring the perception of customers towards cryptocurrencies via a newly launched trading simulator specifically designed for digital assets.
Arca plans to tokenize the shares of a bond fund which will be a stablecoin compatible with the ERC20 standards and recorded on the Ethereum blockchain network.