TerraUSD developers vote to create new blockchain without failed stablecoin May 25, 2022 02:26PM

By Hannah Lang

(Reuters) - Developers behind failed stablecoin TerraUSD have voted to abandon the token in favor of creating a new blockchain and digital asset weeks after the cryptocurrency collapsed, according to a tweet from the Terra blockchain protocol.

Unlike most other major stablecoins which are backed by other assets, TerraUSD's value was derived by complex algorithmic processes, linked to another paired token called Luna. Both... (continue reading...)

Minerd Says Bitcoin to Sink to $8,000 with Crypto Now Suspect - Bloomberg May 25, 2022 10:03AM

Minerd Says Bitcoin to Sink to $8,000 with Crypto Now Suspect - Bloomberg

  • Guggenheim Partners CIO Scott Minerd Said He Expects Bitcoin to Fall to $8,000 and That Cryptocurrency Has Become a Market of "A Bunch of Yahoos."

Andreessen Horowitz Raises $4.5 Billion for Its New Crypto Fund - Report May 25, 2022 08:55AM

U.S. venture capital firm Andreessen Horowitz is looking to pour billions of dollars into crypto and blockchain businesses amid the current bear market.

Andreessen launched a fresh $4.5 billion fund to support crypto and blockchain startups, the firm’s fourth fund for backing digital assets. The new fund takes Andreessen’s total funding raised for crypto investments to $7.6 billion, according to CNBC.

The firm introduced its first crypto-oriented fund four years ago... (continue reading...)

Bitcoin Erases Decline May 24, 2022 11:47AM

Bitcoin Erases Decline

Bitcoin Hits Low, Down 2% at $28,700 May 24, 2022 10:08AM

Bitcoin Hits Low, Down 2% at $28,700

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