Investment

When Ferrari? Tokenized Supercar Gives European Investors Exposure to Asset Class

Crypto startup CurioInvest is selling tokens for a rare supercar valued with a $1.1 million hard cap. The tokens represent a limited-edition 2015 Ferrari F12 TDF, a supercar that in 2016 was valued around $450,000, but which was listed at auction in Los Angeles for more than $1.5 million just eight months later. Rey Fernando …

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Blockchain Is Part Of China’s Master Plan for New Competitor Island to Hong Kong

Chinese authorities have released a master plan for turning southern island province Hainan into a free trade port, Xinhua news reports on June 1. A trade port system will focus on facilitating free trade, investment and cross-border capital flows in the whole island. Government institutions reform The master plan encourages government institutions to use blockchain …

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Andreessen Horowitz Forecasts Fourth Crypto Bull Cycle

Less than a month after launching a new $515 million crypto fund, Andreessen Horowitz (a16z) is predicting that “high-quality projects” may drive a new growth cycle in the industry. The famous venture capital fund, which has a substantial crypto portfolio, said in a post Friday it anticipated some of the better projects created in the …

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Crypto Long & Short: Mining Derivatives Point to Growing Sophistication

Well, it happened. Block 630,000 was processed on the Bitcoin blockchain (while we were on the air with our Crypto Long & Short show on Monday, how cool is that!), and the bitcoin subsidy paid to miners was cut from 12.5 bitcoins to 6.25. It felt momentous, as we all witnessed a pre-programmed economic system …

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Investors on CoinList Pour $10M Into Celo Token Sale in Roughly 12 Hours

Silicon Valley blockchain startup cLabs just raised $10 million for the Celo project through a token sale to investors on the CoinList platform.  Roughly 109 investors from dozens of countries participated in the auction, paying an average of $5 per Celo Gold (cGold) token. Most investors hailed from Germany and the United Kingdom, according to …

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While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest $500M Into the Crypto Industry

The private venture capital firm Andreessen Horowitz (a16z) has announced the company is investing $515 million into the cryptocurrency industry. The firm says its “excited” to bolster crypto networks and businesses. Further, the company hopes to strengthen ideas like next-generation payments, a modern store of value, decentralized finance, content monetization, and Web 3.0 concepts. Andreessen …

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