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Report: Andreessen Horowitz is Prepping a New Crypto Fund
Silicon Valley venture capital heavyweight Andreessen Horowitz is prepping an exclusive fund to buy and sell cryptocurrencies, Recode reports. Andreessen Horowitz has already beenactive in the blockchain and virtual currency space, investing in "blockchain companies like Coinbase, in crypto-specific funds like Polychain Capital and in initial coin offerings, but, as a fund, it has not yet publicly traded the actual
Blockchain and the Future of Corporate Culture and Profitability
It seems that nearly every day, processes, products, and services that used to be analog-only have been made digital. Ordering a taxi, publishing a book, and even dating, are all just some of the pieces of our lives that have made the switch into the online world. For each one of these newly-digital practices, an industry is born. Amazon.com, Inc.
Blockchain in Space? Bitcoin Legends Are Working On It
Aim for the stars, as they say. Blockchain developers view the satellite industry as ripe for a decentralized platform, and the impact of disruption could be huge. The worldwide satellite business market is estimated at $10.2 billion in 2017, according to Global Satellite Business Market report. Cost remains a barrier to growth and innovation in space, and some doubt whether
Report: Jack Ma's Private Fintech Biz is Poised to Become the World's Most Valuable Unicorn
Jack Ma's Ant Financial Services Group, which is currently in the midst of a $9-billion fundraising round, has seen its valuation driven up by investors outside of China, including some of the biggest names in the U.S., the Wall Street Journal reports. Sources tell the Journal that some of the investors outside of China planning to buy shares in Ma's
ICO Funding in 2018 Has Already Eclipsed Last Year's Total Funding
With $6.3 billion raised in the first three months of 2018, this year's funding for initial coin offerings has already surpassed the total for all of 2017, according to data released by CoinDesk. According to CoinDesk's data, first-quarter fundraising for the ICO market is 118 percent of the total for last year's, which "might go a long way toward undermining
How Amazon's Edging Closer to Retail, E-Commerce Dominance: Smart TVs
Through a partnership with Best Buy Co Inc (NYSE: BBY) to distribute Alexa-enabled smart TVs, Amazon.com, Inc. (NASDAQ: AMZN) is expected to more deeply penetrate both brick and mortar retail and the consumer home. It’s good news for Amazon — and not so good news for everyone else. The Rating Morgan Stanley analysts Brian Nowak, Simeon Gutman and Jonathan Lanterman
Why a New Jersey-Based Cryptocurrency Startup is Getting a Lot of Love From Investors
Call it the anti-Bitcoin: Whereas the world's most popular cryptocurrency has fluctuated wildly between euphoric highs and dreaded lows, a crypto startup based in Hoboken, New Jersey aims for something a lot more predictable, as TechCrunch reports. Called Basis, the startup is working on developing a "stable coin," according to TechCrunch, "whose elastic supply will ostensibly expand and contract to
Study: Tesla the Most Trusted Company in Autonomous Development Race, Despite Crash Investigations
Last quarter’s fatalities involving autonomous vehicle technology were seen to justify some of the concerns voiced by Tesla Inc (NASDAQ: TSLA) bears. Critics were confident the crashes would dent consumer enthusiasm toward self-driving cars and, in one case involving the Model X, weigh on the brand's image. To the contrary, a survey conducted by Autolist found Tesla still leads the
Coinbase Makes its Biggest Acquisition and Names its First CTO
Already one of the largest cryptocurrency exchanges in the world, Coinbase has now acquired Earn.com, a U.S.-based startup that offers a decentralized paid-email service utilizing blockchain technology. As part of the acquisition, Coinbase has named Balaji Srinivasan (pictured), co-founder and CEO of Earn.com, as its first chief technology officer. The entire Earn.com team will also transition over to Coinbase as
New York Attorney General Launches Inquiry Into Cryptocurrency Exchanges
New York Attorney General Eric T. Schneiderman announced on Tuesday that his office has launched "a fact-finding inquiry into the policies and practices" of cryptocurrency exchanges, sending letters to 13 major digital currency exchange platforms. Called the Virtual Markets Integrity Initiative, Schneiderman's inquiry seeks "key information on their operations, internal controls, and safeguards to protect customer assets" via a questionnaire