Venture capital firm Andreessen Horowitz, also referred to as a16z, has recently announced it raised $9 billion that will be distributed among the company’s new trio of investment funds. The company made headlines last year when it launched a massive $2.2 billion crypto fund and later led a $100 million Series B investment in OpenSea, the largest non-fungible token (NFT) marketplace in the world.
The world of cryptocurrencies, blockchain and DeFi is one filled with all sorts of opportunities to earn an income. While many would prefer to simply hold on to dear life when it comes to various crypto assets (also known as ‘hodling’), there are nonetheless those that actively seek out new ways through which these digital assets can be utilised to earn a source of income. One of these ways is through yield farming, but as is the case with any investment strategy, it is imperative to understand what this method actually entails and how traders can get involved with it.
Digital payments giant PayPal is exploring the possibility of launching its own stablecoin to expand its growing suite of crypto products and services. The evidence of the company’s stablecoin endeavor was first spotted in the code of PayPal’s mobile app by software engineer Steve Moser, who shared his findings with Bloomberg on Friday.
The 2022 did not start very well for cryptocurrency investors as we have witnessed first significant market sell off already during the first week of the new year. To provide a little more detail, nearly every cryptocurrency lost more than 10% of its value on Thursday, January 6, following news that the U.S. Federal Reserve is planning to increase interest rates and start selling its $8.7 trillion portfolio. U.S. tech stocks also suffered some losses. Nevertheless, the losses were greater in the crypto sector where more than $790 million worth of long positions got liquidated. The total cryptocurrency market capitalization even dropped below $2 trillion on January 8, which has not happened since the beginning of October 2021. In this week’s article, we list coins that managed to stay relatively unaffected by the sell-off and those that are likely to undergo a speedy recovery.
On Wednesday, investment banking giant Goldman Sachs (GS) published a note to its client in which it detailed how Bitcoin could reach a $100,000 price tag and grow past $1.8 trillion market valuation.
Singapore, Singapore, 7th January, 2022, Overwolf, the all-in-one platform that enables creators to build, distribute, and monetize in-game apps and mods, today announced an investment in SYN CITY, the first-of-its-kind “mafia metaverse” game built for the blockchain. As part of the deal, Overwolf and SYN CITY will explore new user-generated content (UGC) opportunities in the…
Singapore, Singapore, 7th January, 2022, Chainwire ClearDAO announced its project token CLH will list on KuCoin on Jan 7th 13:00 UTC. The CLH/USDT trading pair will become available to users of the exchange. ClearDAO is the first KuCoin Spotlight project of 2022. ClearDAO has raised 3 million dollars in seed and private sales. Strategic investors…
Zug, Switzerland, 6th January, 2022, Autonomy Network, an off-the-shelf decentralized automation protocol, is thrilled to introduce AutoSwap, the first ever dApp to offer limit order, stop loss, impermanent loss protection, and recurring payment features for Binance Smart Chain-based DEXes such as PancakeSwap. The dApp will also be available on Ethereum, Polygon, Avalanche, Solana and other…
With cryptocurrency being as volatile as it is, it can be extremely hard to try and predict what might happen over a daily basis. Indeed, the virtual currency has managed to carve a reputation of being incredibly unpredictable and one that can potentially be an investors nightmare. However, there is no denying that digital assets have become rather widespread throughout the world, as their popularity has soared and the adoption levels have subsequently increased.