News - Page 42

Silicon Valley's renowned venture capital firm, Andreessen Horowitz, is set to amass around $3.4 billion for its upcoming early-stage and seed-stage funds. This represents a significant increase from the firm's previous fundraising endeavors. In addition, Andreessen Horowitz has plans to expand its investment horizons by introducing new growth, crypto, and bio vehicles in 2025.

Wall Street is making a significant move into the world of bitcoin, with the promise of billions in new investment through ETF vehicles. This development marks a turning point for the digital assets industry, as mainstream institutions step in to make tokens safer for investors and bring greater regulatory clarity.

Bitcoin (BTC) price remains relatively unchanged on Monday. The weekend session was noticeably uneventful, with BTC upholding support at $34,000. Investors are looking forward to a busy week, with the Federal Open Market Committee (FOMC) expected to meet and deliberate the next decision on interest rates in the United States.

In the aftermath of FTX, there were concerns about the future of centralized exchanges (CEXs) and the rise of decentralized exchanges (DEXs). However, data shows that CEXs are still thriving and offer unique advantages for traders and investors.

Terraform has filed a motion for summary judgment in response to the Securities and Exchange Commission's (SEC) investigation. The motion argues that after two years of investigation, the SEC has failed to provide sufficient evidence to prove that the defendants did anything wrong. Terraform highlights that during the discovery period, more than 20 depositions were taken and over two million pages of documents and data were exchanged. Despite this extensive process, the SEC has not made any progress in demonstrating its case. Terraform has requested Judge Jed Rakoff of the U.S. District Court for the Southern District of New York to dismiss the SEC's case and avoid proceeding to trial.

CoinShares recently reported significant inflows, although they noted that these inflows were only the 21st largest weekly gain over the past three years. This suggests that investors may still be exercising caution when it comes to deploying capital.

Rise In, a leading education platform that onboards Web 2.0 developers into Web 3.0, has further expanded its talent community with the acquisition of US-based BlockBeam. BlockBeam is one of the first and largest Web 3.0-focused ed-tech companies in the US, with partnerships with over 90 university blockchain clubs. Rise In's mission is to become the go-to place for anyone interested in learning and building Web 3.0. They provide free Web 3.0 education in partnership with major blockchain ecosystems. The acquisition of BlockBeam will allow Rise In and its partners to access top colleges and universities in the world and train the next generation of Web 3.0 developers in the US.

Bitget, the world’s largest crypto copy trading platform, is excited to announce the initial listing of Memecoin (MEMECOIN) on its platform.

A commissioner from the U.S. Securities and Exchange Commission (SEC) has released a statement dissenting against the agency’s enforcement action against the blockchain-based file-sharing payment network LBRY. In a lengthy statement, SEC Commissioner Hester Peirce expresses her puzzlement regarding the SEC's decision to bring a case against LBRY, as there was little evidence of fraud. She questions why the SEC targeted LBRY, which she believes had a legitimate real-world application, instead of pursuing other digital asset projects engaged in illegal activities.

The SOL coin has recently reached a 10-month high of $35, indicating a robust recovery in the cryptocurrency market. However, there is a crucial resistance trendline at the $35 mark that could pose a challenge for further price growth. This article explores whether the current rally can push past this pivotal level.

ZachXBT, a prominent figure in the crypto community, recently issued a warning to users who may have stored their seed phrase or keys in LastPass. According to ZachXBT, it is crucial to migrate your crypto assets immediately if you have ever used LastPass for this purpose.

The Biden administration has recently introduced a comprehensive executive order aimed at establishing stringent standards for AI safety, security, and ethical usage within governmental spheres. This order also includes measures to fortify AI systems' integrity and protect consumer privacy.

Celestia, a decentralized network, is set to launch its native token with a total supply of 1 billion. This puts its fully diluted value at $3.1 billion, based on the futures price.

XRP Healthcare, the first pharma and healthcare platform on the XRP Ledger (XRPL), has announced its expansion into the thriving healthcare markets of Dubai and the Middle East. This move represents a significant leap in their journey, combining healthcare innovation with the transformative power of blockchain technology.

The recent downturn in the cryptocurrency market has affected the Pepe coin recovery rally, causing a bearish reversal and eroding the asset's market value by approximately 13.35% over the past four days. However, there are key levels that can support buyers and potentially resume the previous recovery.

The estate of bankrupt crypto exchange FTX and its associated trading arm Alameda Research recently transferred approximately $19.4 million in crypto assets. This movement was detected by blockchain tracking firm Lookonchain. The transferred assets mainly consisted of Solana (SOL) and several other altcoins.