Wall Street veteran launches $1.5B crypto fund, MELD ISPO shines spotlight on Cardano, Dec. 2

Crypto converted another Wall Street veteran this week after former Citi executive Matt Zhang launched a $1.5 billion digital asset fund. A new funding mechanism allowing users to access early-stage crypto startups shined the spotlight on Cardano’s massive community. One of Latin America’s biggest crypto exchanges raised $50 million in private funding to expand its operations. 1inch Network raised another $175 million from leading crypto venture capitalists to expand DeFi liquidity.  These were just some of the week’s biggest business headlines from the world of crypto. Every Thursday, Cointelegraph’s Crypto…

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a16z shines the spotlight on DAOs by leading Syndicate’s Series A

California-based venture fund Andreessen Horowitz announced Tuesday that it is leading a Series A investment round for Syndicate, a decentralized platform with the lofty vision of democratizing investing by allowing users to create decentralized autonomous organizations, or DAOs.  Ali Yahya, one of Andreessen’s general partners, said that the company was attracted to Syndicate’s vision of DAOs being at the center of economic coordination between people. DAOs, which are internet-native organizations that are collectively owned and managed by community members, have the potential to replace the archaic legacy systems currently in use.…

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Litecoin Signal Shines, Suggests Downtrend Against Bitcoin Is Over

Litecoin is trading at around $200… still. The altcoin has failed to set a new all-time high like Bitcoin, Ethereum, and others in the top ten have, yet it has clung onto the ranks for its entire lifetime. A signal has appeared – across several of the highest timeframes – that could suggest that the long downtrend against Bitcoin is about to come to an explosive ending. Litecoin Loses Luster During Bear Market, Can’t Catch A Spark Few coins have had as difficult of a time recovering since the last…

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Bitcoin’s rollercoaster ride, Ether shines, XRP mystery: Hodler’s Digest, Jan. 3–9

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Brace for impact? After hitting $42,000, Bitcoin price volatility may rise Another week, another spate of all-time highs. Bitcoin managed to crack $42,000 on Friday, surging by 9% in just three hours.  A sharp correction soon followed, with prices tumbling by 7% in the following…

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Road Warrior Animal Death Shines Spotlight on WWE Employment Practices

Road Warrior Animal has passed away at the age of 60. He joins the ranks of several other wrestlers who have died far too young. Once again, this brings up the question of WWE’s employment practices—and how they almost doom their wrestlers to a short, painful life by not providing appropriate care for their needs. Road Warrior Animal has passed away. In a statement released to his official Twitter page, his family confirmed that the WWE Hall of Famer—best known for his work with the Road Warriors tag-team group, where…

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Venezuela’s Maduro Shafted From Gold Storage, Self-Sovereign BTC Shines

Venezuela’s allegedly corrupt leader, Nicolás Maduro, recently lost a court battle involving approximately $1 billion of gold.  “The UK High Court has ruled against Venezuela’s government in a legal battle over access to $1bn (£820m) of gold stored in the Bank of England,” BBC said in a July 2 article.  As a self-sovereign digital asset, Bitcoin lies outside of centralized control. If Maduro stored that value in Bitcoin, he may still have access to those funds. Source link

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Research Shines Light on Questionable Practices From Crypto Exchanges

New analysis of the top 10,000 Ether wallet addresses certainly paints a very bullish picture for Ethereum as it moves towards Proof-of-Stake consensus. However, it also suggests that some highly questionable practices are being employed by certain major cryptocurrency exchanges and Ether (ETH) whale accounts. The Poloniex/Tron axis According to the report’s author, Adam Cochran, when Circle bought Poloniex back in February 2018, it moved assets into better cold wallets and had strong reserves. However, when the exchange was acquired by a group that included Tron’s Justin Sun, it is…

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Elon Musk Is Making Hay While the Sun Shines on Tesla & SpaceX

Elon Musk has another fundraising effort planned for SpaceX. The Tesla boss recently announced a possible IPO for his Starlink project as well as an additional $2 billion common stock offering of TSLA. All these moves suggest Musk might be feeling less than confident about the health of the global economy. As Wall Street speculates about the health of the global economy, one tech billionaire isn’t hanging around to wait and see if a recession hits the United States. Tesla and SpaceX boss Elon Musk is making some serious moves…

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