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Last week, A16z reportedly said it would raise $3.5 billion for its VC fund, as well as another $1 billion for Web3 seed investments. Last week, A16z reportedly said it would raise $3.5 billion for its VC fund, as well as another $1 billion for Web3 seed investments. A16z, a VC company with investments in Protocol Labs, Polychain Capital and...
Solana and other blockchains may snag market share from Ethereum over time, the bank said in a research note. TheSolanablockchain could become the âVisa of the digital asset ecosystemâ as it focuses on scalability, low transaction fees and ease of use, Bank of America told clients in a research note after hosting Solana Foundation member Lily Liu. Solana has experienced...
Even if a country doesnât agree with the fundamentals of bitcoin, they will be forced to acquire some as a form of insurance, Fidelity wrote in a recent report. While 2020 and 2021 are considered the years of bitcoinâs institutional adoption,in a new reportFidelity Digital Assets wrote that 2022 might be the era of adoption of bitcoin by sovereigns. The...
Users can purchase belt buckles, chargers, and other merchandise as of Friday. Portrait of cute red Shiba Inu dog looking at camera (Federico Moreno via Getty Images) What to know Dogecoin (DOGE) payments wentlive on the Tesla storein Asian hours on Friday, with prices seeing an 11% increase shortly afterward. Thestoredisplays pricing information in both U.S. dollars and dogecoin. The...
The famed fund manager had invested heavily in bitcoin in his funds before. Bill Miller (Tim Boyle/Bloomberg via Getty Images) Nelson Wang is CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000. Market-beating fund manager and billionaire Bill Miller is so bullish on bitcoin that it and investments tied closely to...
The development of an in-house stablecoin was first discovered in the source code of Paypalâs iPhone app by developer Steve Moser. The development of an in-house stablecoin was first discovered in the source code of Paypalâs iPhone app by developer Steve Moser. American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin....
The Swiss sister entity to Jordan-based Arab Bank is offering clients access to AAVE, COMP, UNI and more. Arab Bank Switzerland, the Geneva-headquartered affiliate of Middle Eastern lender Arab Bank PLC, has extended its wealthy investor-focused cryptocurrency offerings to include 10 of the major decentralized finance (DeFi) tokens. The bank, whichbegan offering crypto custody and brokerage of bitcoin and ether...
Grayscale Bitcoin Trust and Ethereum Trust AUM have dropped 30% and 22%, respectively over this time period. Grayscale Investments has $43.6 billion in crypto assets under management (AUM), the digital asset manager tweeted on Friday â a more than 28% decline from the$61 billionthe digital asset manager held in early November. AUM in the Grayscale Bitcoin Trust, the firmâs largest...
The metric has fully recovered after a plunge in mid-2021 as the Chinese government clamped down on local miners. Hashrate figures for Bitcoin set new highs on Sunday night after crossing previous highs from mid-2021, data from analytics tool Glassnode show. Hashraterefers to the amount of computational power used by miners dedicated to the minting of new bitcoins and verification...
The countryâs adoption of BTC as legal tender wasnât enough to keep the cryptocurrency near $50K in September. Hi Market Wrap readers! During the final two weeks of 2021, weâre using this space to recap this yearâs most dramatic moments in cryptocurrency markets â and highlight the key lessons from this fast-evolving corner of global finance. Over a series of...