Andreesen Horowitz, a venture capital company referred to as a16z, announced that they have successfully raised $7.2 billion in funds for investing in various technology domains such as gaming and artificial intelligence. However, they are not allocating additional resources towards cryptocurrency investments at this time. In its strategy for growth, the company plans to invest … Read more
During the previous market surge, venture capital firms impulsively invested heavily in blockchain gaming initiatives. However, industry insiders claim that these firms are now adopting a more thoughtful and long-term strategy for their investments in this sector. Shi Khai Wei, the founder of LongHash Ventures, a venture capital firm specializing in cryptocurrencies, expressed amazement to … Read more
The SEC investigation of Uniswap, which we became aware of a year ago, is now leading to legal action against Uniswap Labs. A Wells notice, an advance warning from the SEC prior to filing a lawsuit, has been issued. The Uniswap situation isn’t due to any deceit or misappropriation of funds by those constructing its … Read more
The bulls ceded the $150 level to the bears recently as selling pressure intensified. Further losses appeared likely, and $150-$160 is a firm resistance zone. On April 14th, Solana (SOL) bulls experienced a momentary relief as the price surpassed the psychologically significant level of $150. It’s possible that the v1.17.31 update played a role in … Read more
According to reports, Senator Sherrod Brown, who chairs the US Senate Banking Committee, intends to move forward with a substantial stablecoin legislation by linking it with proposals concerning marijuana companies and recovering banker compensation. Based on a Bloomberg article from April 16, Senator Brown expressed his willingness to support stablecoin legislation in Congress, under the … Read more
At WebSummit Rio on April 16, Animoca Brands’ founder Yat Siu participated in a discussion called “The Return of Bitcoin’s Vengeance: Is Web3 Regaining Popularity?” At the panel, Siu said he has no doubt that Bitcoin (BTC) will reach $1 million: “I believe that Bitcoin could reach over a million dollars at some point. But, … Read more