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Maker Price (MKR) Explodes Through $750 as Dai Cryptocurrency Awaits Augur Integration

Maker MKR price cryptocurrency rally

Maker (MKR), the central token of the Maker smart contract platform and the Dai stablecoin system, has experienced a phenomenal rally over the past month, bolstered a major partnership and an investment from one of the cryptocurrency industry’s top venture funds. Less than one month ago, on Sept. 12, MKR was trading below $300. Since then, the token has gone on a tear, rising 159 percent to a...

Andreessen Horowitz Invests $15 Million in MakerDAO's Asset-Backed Stablecoin

marc andreessen

Andreessen Horowitz has made a major investment in a cryptocurrency project that algorithmically adjusts the supply of coins to keep their value stable. The American venture capital firm, which has invested in crypto startups like CryptoKitties and OpenBazaar in the past, purchased 6 percent of the total supply of MKR tokens through its $300 million crypto fund, a16z. The fund committed a total...

A16z, Binance Lead $45 Million Pre-Sale for Blockchain Startup Oasis Labs

Some of the biggest investors in the cryptocurrency space have raised $45 million in a private pre-sale financing for Oasis Labs to privacy-focused smart contracts-enabled blockchain platform. Comprised of a team of academic heavyweights and security researchers from institutions including MIT and Berkeley, Oasis Labs confirmed its $45 million fundraising to develop and launch what it describes...

Andreessen Horowitz Launches $300 Million Crypto Fund, Plans to HODL

marc andreessen

Andreessen Horowitz, one of Silicon Valley's most prolific VC firms, has launched a $300 million crypto fund, something which was not surprising considering the fact they had a few job postings that correlated with a crypto fund back in April. Apart from this, they've also hired their first ever female general partner, Katie Haun, a former federal prosecutor who spearheaded the bust of famed...