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“# Andreessen Horowitz aims to raise $4.5 billion to invest in crypto funds ” A16z, a VC company with investments in Protocol Labs, Polychain Capital and Opensea among others, is now planning to raise $4.5 billion for its latest fund which is focused solely on cryptocurrencies, according to a report by U.K newspaper Financial Times….
“# Aleph.im raises $10M to develop censorship-resistant data storage ” The competition among the computing networks is warming up, with decentralized players coming into the stage with backing from the crypto ecosystem. Decentralized storage and computing network Aleph.im completed a $10 million funding round led by Stratos Technologies. Zeeprime, NOIA Capital, Theia, Bitfwd Capital have…
“# Canadian Bitcoin platform Shakepay raises $35M in Series A funding ” It’s another shake-up for the finance industry as Montreal-based Bitcoin (BTC) startup Shakepay raised $35 million from investors. The fresh funding from the United States-based venture capital firm QED Investors values the company at $251 million. Founded in 2015, Shakepay allows Canadians to…
“# MicroStrategy CEO won’t sell $5B BTC stash despite crypto winter ” Despite a 40% drop in the value of Bitcoin (BTC), MicroStrategy’s Michael Saylor has no intention of selling his firm’s $5-billion stash. Even if BTC suffers a lengthy bear market, Saylor told Bloomberg that he is a “Bitcoin bull” and does not intend…
“# El Salvador explores low-interest loans backed by Bitcoin ” It’s full steam ahead for El Salvador’s Bitcoinization. The next point on the orange agenda is in providing low-interest loans backed by Bitcoin (BTC) to small and micro-businesses. While the details of the BTC loans are currently not disclosed, Mónica Taher, an advisor for the…
“# Union Bank of the Philippines selects Metaco and IBM to facilitate digital asset custody operations ” On Thursday, Metaco, an enterprise cryptocurrency platform for securing, trading, issuing, and managing digital assets, announced the addition of UnionBank as its latest client. Founded in 1982, UnionBank is one of the largest banks in the Philippines, with…
“# Secret Network offers $400M in funding to bring others in on the secret ” Secret Network is offering $400 million in funding to grow its privacy-oriented ecosystem and expand user adoption. Secret Network is a decentralized ecosystem that utilizes trusted execution environments to enable private, secure computation over encrypted data. The ecosystem has four…
“# Canadian restaurant chain reports earning 300% gains on BTC investment to weather pandemic ” More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into Bitcoin, the owner reported the move helped save the business during the pandemic. According to a Tuesday report from Canadian news outlet Toronto…
“# Tom Brady’s NFT platform Autograph raises $170M to scale operations ” The nonfungible token marketplace Autograph co-founded by Super Bowl champion Tom Brady has announced it closed on a $170 million funding round. In a Wednesday announcement, Autograph said Andreessen Horowitz, or a16z, and VC firm Kleiner Perkin co-led the $170-million Series B round…
“# Showtime: NFT tickets take the stage in 2022, connecting artists and fans ” Nonfungible tokens have proven to be successful across a number of industries. From gaming to high-end luxury fashion, NFT use cases have demonstrated the importance of creating lasting connections between a company or a brand and its users/customers. As such, it…