Monthly Archives: April 2020

Andreessen Horowitz Looks to Double Down on Crypto With New $450M Fund

Private U.S. VC firm, Andreessen Horowitz intends to form another crypto asset fund, shooting for $450 million in capital. Private venture capital firm Andreessen Horowitz may have plans for another crypto asset fund.  Established by Marc Andreessen and Ben Horowitz over 10 years ago, the firm looks to start its second crypto investment fund, hoping to garner $450 million in capital for the endeavor, Financial Times said in an April 14 article, citing sources familiar with the situation. The firm is known in crypto Also going by the name […]

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Algorand Announces $43 Mln Grants Program to Foster ‘Borderless Economy’

The Algorand Foundation has launched a $43 million grants program to foster a “borderless economyâ€� on the Algorand blockchain. The Algorand Foundation announced a 250 million ALGO (roughly $43 million) grants program to foster development on the Algorand blockchain on April 14. Cointelegraph spoke to Fangfang Chen, the Algorand Foundation’s head of operations, to find out more about the program. Algorand launches $43 million grants program The funds will be allocated to “qualified investors across four major categories: innovative research, development tools for the Algorand blockchain, use […]

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Send on Bitcoin, Receive on Ethereum: Atomic Loans Launches Bitcoin DeFi Solution

Atomic Loans may have cracked the nut of Bitcoin DeFi as much as anyone can, as its users can use Bitcoin as direct collateral for a cross-chain loan disbursed on Ethereum. Atomic Loans is launching a decentralized finance (DeFi) product that is likely to be the closest to a direct implementation on Bitcoin’s (BTC) chain. It doesn’t quite avoid using an external smart contract platform, but it allows directly using Bitcoin for collateral. The startup announced on April 14 that it had raised $2.45 million in seed […]

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China Sees New Blockchain Innovation Alliance, With Huawei and Alibaba as Members

Over 100 well-known global enterprises joined China’s new blockchain innovation alliance in megacity Chongqing. China has welcomed its first provincial-level Blockchain Innovation Alliance on April 14, according to ChinaNews.  Major enterprises settles  More than 100 well-known enterprises, both domestic and foreign, have joined the alliance. Members include Inspur, Tsinghua Unigroup, Huawei, IBM, Tencent, Alibaba and Baidu, according to the announcement.  The Alliance is located in the intelligent industry cluster in Yuzhong District.  It aims to build an open platform for blockchain communication, cooperation, innovation, and application among […]

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Bitmain to Compensate its Past Customers After Price Cut

Leading mining ASIC producer Bitmain announced the intention to grant a partial refund to customers that bought AntMiners S17+ and T17+ before the price cuts. Leading cryptocurrency mining application specific integrated circuit (ASIC) producer Bitmain announced the intention to grant a partial refund to the customers that bought its AntMiner S17+ and T17+ before the price cuts. A post published by Bitmain on April 14 announced that customers who purchased AntMiner S17+ and T17+ machines from mid-February to the end of April will receive compensation coupons. Who […]

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This Altcoin Has Thrived Amid Global Lockdown, Seeing 102% Growth in 28 Days

Little-known multi-chain architecture project, Komodo (KMD), saw 102% growth against the dollar over the past month, after plunging 75% one month previous. Little-known altcoin Komodo (KMD) had a strong month amid the global lockdown. In the past 28 days the KMD coin price increased 102% against the dollar, while many larger cap cryptocurrencies struggled for momentum.  From a coin price of $0.239453 on March 16, the value of Komodo climbed to a peak of $0.485010 on April 14 — a 102% increase.  KMD/USD 1 Month Chart: Coin360 […]

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Nefarious Parties Peddled Half a Million Zoom Profiles on Darknet

Recent data shows parties selling a massive number of Zoom accounts in the far reaches of the internet. Recent data shows parties selling a massive number of Zoom accounts in the far reaches of the internet.  In darknet and hacking forums, perpetrators are pawning off 500,000 user accounts from the popular internet video conferencing site, BleepingComputer said in an April 13 report. Hackers utilized former leaked information The infiltrators used multiple methods to gain access to the plethora of Zoom accounts. “These credentials are gathered through credential […]

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Major Fintech and Blockchain Backer SoftBank Expected to Lose $12.5 Billion

SoftBank is expected to lose $12.5 billion driven by its investment in WeWork. SoftBank Group Corp (SFTBY), the parent company of Fortress Investment Group is expected to lose $12.5 billion for the fiscal year that ended in March, per an April 13 report from Bloomberg. WeWork — $24 billion loss It seems that Vision Fund is the main culprit of the anticipated loss. SoftBank Group announced that it would lose $24 billion, driven by its ill-fated investment in WeWork. On the bright side, the company has a […]

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Maker Foundation Faces New Lawsuit Demanding $28M for Black Thursday Liquidations

A new class action suit looks to refund investors for Ether liquidation on Maker on Black Thursday early in March. A new class-action lawsuit against DeFi giant the Maker Foundation alleges that the company misrepresented the risks investors in the ecosystem faced, leading to catastrophic losses of collateral on MakerDAO on March 12. The allegations and who stands to gain The complaint, which was filed in the Northern District Court of California on April 14, accuses three entities affiliated with Maker of negligence and intentional misrepresentation before […]

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World Bank Digs Deeper Into DLT and FinTech for Financial Inclusion

The world’s largest development bank, the World Bank Group, has issued a new report on payment aspects of financial inclusion in the fintech era. Financial institutions all over the world are increasingly experimenting with emerging technologies like blockchain to streamline payment systems and achieve financial inclusion. In a new study, the World Bank has once again emphasized blockchain’s potential for financial inclusion. Issued by the Bank for International Settlements on April 14,the new report from the World Bank Group on “Payment aspects of financial inclusion in the […]

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