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Bittorrent Creator Bram Cohen’s Crypto Project Chia Sparks Hard Drive and SSD Shortages

On May 3, tokens stemming from the Chia network, a smart transaction blockchain created by the Bittorrent creator Bram Cohen, will start trading and transactions will be fully enabled. Rather than leveraging the proof-of-work consensus algorithm, Chia will utilize a model called proof-of-space which relies on storage. With Chia’s transactional launch pending, the project has sparked shortages over the demand for hard drives and solid-state drives (SSDs). Chia Network Fuels High-End Hard Drive and SSD Shortages Bram Cohen, the inventor of the popular torrenting application Bittorent has created a cryptocurrency that’s set to launch next month. Because Cohen is behind…

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Andreessen Horowitz leads $28M Aleo raise

Several other high-profile investors contributed to the raise, including Coinbase Ventures and Galaxy Digital. Aleo, a privacy-focused blockchain, has secured $28 million in investments to bring its zero-knowledge applications to a wider market. California-based venture capital firm Andreessen Horowitz led the private investment round. Notable contributions also came from Coinbase Ventures, Galaxy Digital, Variant Fund, Polychain Capital and the Joseph Lubin-led Ethereal Ventures, among others. Described as the “first platform for fully private applications,” Aleo uses a cryptography technique called zero-knowledge proof, or ZKPs, to achieve scalability, privacy and interoperability for off-chain transactions. Perhaps the most notable blockchain use case…

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Andreessen Horowitz Joins Coinbase In Board Of Directors

Andreessen Horowitz joins Coinbase in the board of directors of the company in their renewal phase as we are reading further in the Coinbase latest news. The leading American exchange Coinbase announced the renewal as Andreessen Horowitz joins the team, as per the official announcement posted on the Coinbase blog. Brian Armstrong, the company’s CEO explained that they have made two major replacements. Marc Andreessen is the co-founder of the venture capitalist firm Andreessen Horowitz which is among the most important players in the crypto space with major projects such as Libra, Dfinity, Maker, and Crypto Kitties as a part…

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Nigerian Bitcoin Exchange YellowCard Raises $1.5 Million

Yellow Card has raised $1.5 million in a seed round as the project expands beyond Nigeria. The seed round saw YellowCard receive investments from Polychain, VC firm Andreessen Horowitz, and Celo. YellowCard started as a bitcoin gift card platform and has evolved into a cryptocurrency exchange with over 30,000 merchants. According to figures from the platform, it has processed more than $35 million in transactions. Recently, YellowCard has been expanding across the continent, entering South Africa and Botswana. In recent social media updates, YellowCard has indicated plans to expand into Kenya and Cameroon in September. View this post on Instagram…

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Nigerian Crypto Startup Yellow Card Raises $1.5 Million For Expansion in Africa

Yellow Card has raised $1.5 million in a seed round. The Nigerian crypto startup said it will use the money to expand its operations in Africa while making it easier for people on the continent to buy and sell digital assets. Investors in the new round include Polychain, venture capital firm Andreessen Horowitz, and Celo, through the Celo Ecosystem Fund. In a statement, Yellow Card said it intends to “become the dominant exchange across the continent.” The company recently expanded into South Africa and Botswana and added 30,000 new vendors. “Along with the fundraise, Yellow Card is announcing that it…

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African crypto exchange raises $1.5M from Andreessen Horowitz and others

Crypto is truly a global asset class. Showing continued digital asset growth in Africa, Nigeria-based crypto exchange, Yellow Card, has secured over $1 million in investments from a number of players in the crypto industry, including venture capital firm Andreessen Horowitz.  "Yellow Card has raised $1.5 million from investors to help further our expansion and solidify ourselves as the #1 place to buy and sell Bitcoin in Africa," Chris Maurice, the exchange's CEO, told Cointelegraph.  Noting the seed round as finished, Maurice added: "We raised 1.5 million from Andreessen Horowitz, Polychain, Celo and others. The goal of the raise is to…

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Uniswap Raises $11 Million as DEX Trading Volume Soars

One of the most widely used decentralized exchange Uniswap has raised $11 million in a Series A funding round led by Andreessen Horowitz (a16z). Uniswap’s market share has been growing rapidly in the past several months, and the team behind it indicated that they will utilize the funds for the third version of the platform. Uniswap Raises $11M In April 2019, the DEX raised $1.8 million in a seed round. Over a year later, a filing submitted to the US Securities and Exchange Commission (SEC) suggested that the company has sold $11 million in securities on June 5th. Uniswap confirmed…

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Libra rival Celo launches 50-member Alliance For Prosperity

Some Libra Association representatives like Andreessen Horowitz and Coinbase Ventures are double-dipping, backing a competing cryptocurrency developer platform. Launching today with over 50 marriages , non-profit The Celo Foundation’s’ Alliance For Prosperity’ renders a nature for makes to build decentralized mobile apps that are based on Celo’s blockchain platform and USD stablecoin. The open-source Celo platform is still in testing with plans to officially launch its mainnet in April. The non-profit founded in 2017 has raised $36.4 million, including its Series A where Andreessen Horowitz’s a16z Crypto bought $15 million usefulnes of Celo Gold tokens. The biggest differentiator of Celo’s…

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