a16z Raises $4.5 Billion to Invest in Crypto Amid Broader Market Correction

a16z-raises-$4.5-billion-to-invest-in-crypto-amid-broader-market-correction

Andreessen Horowitz, also known as a16z, has raised $4.5 billion to pour into the cryptocurrency industry via a new fund. Thus, the company’s total funds raised for blockchain-related entities have shot up to $7.6 billion. Founded over a decade ago, a16z has become one of the largest venture capital firms with a focus on the … Read more

Ripple’s CEO Explains What Crypto Needs Most to Survive After the UST Meltdown

ripple’s-ceo-explains-what-crypto-needs-most-to-survive-after-the-ust-meltdown

Transparency is a “critical” value in the crypto industry, Ripple CEO Brad Garlinghouse has pointed out. Speaking to Fox Business news, the executive said operations clarity has become even more important with the recent “meltdown” of the UST stablecoin. On May 9, UST de-pegged from the dollar, bringing down the whole Terra (LUNA) ecosystem with … Read more

FTX’s SBF Says He Could Donate $100M to $1B on 2024 US Presidential Campaign

ftx’s-sbf-says-he-could-donate-$100m-to-$1b-on-2024-us-presidential-campaign

The CEO of cryptocurrency derivatives exchange FTX, Sam Bankman-Fried, believes he would donate anywhere between $100 million and $1 billion during the 2024 United States presidential election campaign. Donation for 2024 US Presidential Campaign In a recent podcast interview with American Journalist Jacob Goldstein, SBF asserted that he would spend something “north of a $100 … Read more

Bitcoin’s Bottom Might be Getting Closer According to Analyst

bitcoin’s-bottom-might-be-getting-closer-according-to-analyst

Bitcoin’s price could be getting closer to a local bottom according to at least one on-chain indicator. This comes as the cryptocurrency is trading in a tight range of around $30K for quite a while. The bitcoin price is currently sitting at around 57% below its all-time high reached in November last year. According to … Read more

After Adopting Bitcoin, Central African Republic Set to Build a Crypto Hub

after-adopting-bitcoin,-central-african-republic-set-to-build-a-crypto-hub

A month after adopting Bitcoin as legal tender, the Central African Republic (CAR) announced its first-ever crypto initiative – the Sango Project – designed to attract business and enthusiasts, take the Bitcoin legacy to the next level, and establish a so-called crypto island Sango with the Metaverse-related elements. An Initiative Set to Attract Investors Worldwide … Read more

Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

brazil’s-largest-crypto-exchange-partners-with-stellar-to-work-on-a-cbdc

On May 24, Mercado Bitcoin, the largest cryptocurrency and digital asset platform in Latin America, announced its partnership with the Stellar Development Foundation (SDF) to participate in the development of Brazil’s CBDC. According to an official post share by the Stellar Foundation, Mercado Bitcoin will work on one of the nine projects promoted by the … Read more

Circle CEO Urged Watchdogs to Accept That People Want Digital Cash

circle-ceo-urged-watchdogs-to-accept-that-people-want-digital-cash

The Circle CEO continued to push the adoption of digital currencies as he viewed cash’s features, including portability, privacy and role in securing individual sovereignty, are what could make digital cash alluring to people. “Cash Is King” In a panel discussion hosted by the World Economic Forum, Circle CEO Jeremy Allaire elaborated his bullish thesis … Read more

Crypto Investor and Influencer Arrested for Visiting Terra Founder Do Kwon’s Apartment

crypto-investor-and-influencer-arrested-for-visiting-terra-founder-do-kwon’s-apartment

The unknown person visiting Terraform Labs’ founder, Do Kwon, has been identified and later arrested. According to a BBC News report, an AfreecaTV streamer who goes by “Chancers” was the desperate man who knocked on the controversial exec’s home earlier this month. The social media personality made quite a fortune after entering the digital asset … Read more

Risk-Aversive Bets Reigned Amid Terra’s Notorious Plunge (Report)

risk-aversive-bets-reigned-amid-terra’s-notorious-plunge-(report)

Crypto exchange Bybit collaborated with blockchain analytics platform Nansen to publish another monthly report on the state of the crypto industry. It focused on the broader market condition, DeFi activities, and NFT markets. The paper regarded Terra’s notorious collapse as fundamentally destructive to the nascent crypto community but beneficial to other Layer-one competitors since they … Read more

Ray Dalio Still Holds ‘Tiny Percentage’ of Portfolio in Bitcoin

ray-dalio-still-holds-‘tiny-percentage’-of-portfolio-in-bitcoin

Bridgewater Associates founder Ray Dalio confirmed on Tuesday that a “tiny percentage” of his portfolio is allocated to Bitcoin. He acknowledged how it could play a special role in today’s worldwide inflationary environment, among a broader set of safe-haven assets. Cash is Still Trash In conversation with CNBC’s Andrew Sorkin, Dalio reiterated his “cash is … Read more