Tagandreessen horowitz

$12 Billion University of Michigan Endowment Might Deepen its Crypto Stake

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Institutional investors are finally wading into crypto. Want proof? The University of Michigan's $12 billion endowment said it could increase its investment in a crypto-network technology fund managed by American venture-capital firm Andreessen Horowitz. Financial terms weren't disclosed, but the latest cash infusion into Andreessen's CNK Fund would add to the $3 million the university invested...

Leading VC Investor: Dismissing Crypto is Like Dismissing Internet in 1993

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Benedict Evans, a general partner at Andreessen Horowitz (A16Z), one of the most successful venture capital firms in the world, has said that crypto is quite similar to the internet in 1993. As with any other emerging technology or market, the cryptocurrency space has seen a large number of failed projects and scams over the past several years. However, according to Evans, if investors focus on...

Newsflash: Crypto Giant Coinbase Worth $8 Billion, Will List 'Hundreds' of Tokens

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Coinbase, long one of the largest companies in the crypto industry, now ranks among the world's most valuable tech startups following the conclusion of a new funding round. The San Francisco-based cryptocurrency exchange operator announced on Tuesday that it had closed a $300 million Series E funding round led by Tiger Global Management. The funding round, which Coinbase President & COO Asiff...

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

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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...

Yale University Has Invested in Two Cryptocurrency Funds: Report

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The “herd” of institutional investors that cryptocurrency bulls such as Mike Novogratz have perennially said is just over the horizon is finally making an appearance, as reports have emerged that one of the world’s largest university endowments has invested in two cryptocurrency funds. Yale University Endowment Makes Cryptocurrency Play Citing an anonymous source familiar with the matter...

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

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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...

How Ethereum Hackathons are Drastically Improving Blockchain Systems

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Since mid-2017, Ethereum hackathons have been held in many major cities across the globe, to encourage the development of decentralized applications (dApps) and blockchain-based systems. ETHGlobal, the biggest Ethereum hackathon organization to date, has played a key role in facilitating the growth of the Ethereum open-source developer community, providing technical workshops, educational talks...

Cryptocurrency Startup Dfinity Raises $102 Million to Build ‘Internet Computer’

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Cryptocurrency startup Dfinity has raised another $102 million to fund the development of its “world computer,” bringing its total capital intake to nearly $200 million. Announced on Wednesday, the funding round was led by a16z crypto, Andreessen Horowitz’s dedicated cryptocurrency fund, and crypto hedge fund Polychain Capital. The two firms were also joint leaders in Dfinity’s most recent...

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