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Andreessen Horowitz Secures USD 2.2B For These 5 Crypto Areas


US-based venture capital powerhouse Andreessen Horowitz (a16z) announced a new USD 2.2bn fund to continue investing in crypto networks. "This fund allows us to find the next generation of visionary crypto founders, and invest in the most exciting areas of crypto. We invest in all stages, from...

South African ‘Exit Scam’ Sees Brothers Vanish with USD 3.6B in Bitcoin


An apparent exit scam in South Africa could have left investors out of pocket to the tune of USD 3.6bn after the two brothers who operate the Africrypt project “vanished” following reports of a hushed-up “hack.” Per Bloomberg, Hanekom Attorneys, a legal firm in Cape Town was hired by investors,...

AfriCrypt Disappears with $3.6 Billion Worth of Bitcoin


AfriCrypt, the well-known South African crypto trading platform, stopped functioning back in April. The owners, Raees and Ameer Cajee, who are also brothers, claimed that the shutdown was because of piracy concerns. Now, both of them have disappeared alongside $3.6 billion worth of Bitcoin. Both...

Korean Civil Service Rewards Taxman who Found USD 32M in Hidden Crypto


Hwang Byung-gwang (third from left). The South Korean tax service appears in a congratulatory mood after a series of swoops on high-band tax evaders unearthed millions of dollars worth of undisclosed crypto – and has rewarded a tax who uncovered a taxman dodger’s hidden USD 32.3m crypto stash. Per...

Latest South Korean Tax Evasion Busts: Crypto Worth USD 47m Seized


The South Korean crackdown on high-band taxpayers who have used crypto purchases to hide the scale of their earnings from the taxman has rolled on to the affluent Gyeonggi Province, catching some big fish – with crypto confiscated from rich doctors and TV stars. Since gaining the powers they needed...

Bitcoin Dips Below USD 30,000


The most popular cryptocurrency, bitcoin (BTC) dropped below the USD 30,000 threshold today, while altcoins bleed even more. Last Tuesday, its price was c. USD 40,500. Since then, the price fell nearly 27% in a week, while in the last 24 hours, it's down more than 9% - trading at USD 29,732...

Decentraland Sees a Record USD 913,000 Virtual Land Sale


Ethereum (ETH)-based open-world virtual reality (VR) game Decentraland just recorded the largest virtual land acquisition in its history. The buyer, virtual real-estate firm Republic Realm paid over USD 913,000 for 259 parcels of digital in-game land, paid in 1,295,000 MANA tokens. The virtual...

Bitcoin Fluctuates Around USD 39K, Ethereum and Altcoins Recover Losses


Bitcoin price failed to stay above the USD 40,000 pivot level and it extended its drop after the Fed news. BTC broke the USD 38,500 support, but the bulls protected USD 38,000. It is currently (04:58 UTC) trading around USD 39,000. Besides, most major altcoins are recovering losses. ETH declined...

Bybit-backed BitDAO Announces USD 230M Funding Round to Fuel R&D


The recently created decentralized autonomous organization (DAO) BitDAO says it has raised over USD 230m from a private sale funding round. In a press release shared with Cryptonews.com, the DeFi group stated that it had received support from the likes of Peter Thiel, the Founders Fund, Pantera...

Will Cardano (ADA) Ever Reach $100?


Cardano is facing some difficulty in breaking the resistance zones and trading in a consolidated range has become frustrating for investors. Currently, ADA is sandwiched between Binance coin having a market cap of $57 billion and Dogecoin with a market cap of $42 billion. At the current valuations...

MicroStrategy Gets Another USD 500M To Spend on Bitcoin + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ____ Investments news MicroStrategy confirmed that it has raised USD 500m in order to buy more bitcoin (BTC). They would spend USD 488m of this...

Bitcoin Breaks USD 41,000 While Paul Tudor Jones Doubles Down On It


Paul Tudor Jones. Source: a video screenshot, Youtube, Goldman Sachs After three weeks of being stuck below the USD 40,000 level, bitcoin (BTC) finally broke it and went even higher. Meanwhile, famous hedge fund manager Paul Tudor Jones says he certainly wants 5% of his portfolio in BTC. BTC...

Bitcoin Rallies Again – Will It Cross $40000?


The rise in interest and acceptance of El Salvador as their official currency was pushing BTC above the support levels, but the new possibility of being used as a currency for buying Tesla’s has created a huge impact on BTC. With some more positive news, Bitcoin price can move ahead to test...

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