Andreessen Horowitz (a16z) plans to raise $3.4 billion for its next seed and early stage fund. It is reported that fundraising activities are scheduled to begin later this year. According to Axios, Silicon Valley-based cryptocurrency-friendly venture capital firm Andreessen Horowitz (a16z) is targeting approximately $3.4 billion for its next early-stage and seed-stage fund. According to the report, a16z’s core fund will see a slight increase compared to previous efforts. New growth, cryptocurrency and bio vehicles Andreessen Horowitz is one of the VCs bullish on the AI space, where investment is growing significantly. However, as AI projects have found great success…
Author: Crypto Flexs
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November 23, 2023, Decentralized Finance (DeFi) space is shaken This was accomplished through a carefully planned exploit against KyberSwap, a leading decentralized exchange (DEX). The exploit, which Doug Colkitt, founder of Ambient Exchange, called “the most complex and carefully designed” he had ever seen, resulted in losses of approximately $46 million. To understand the complexity of the exploit, you must first understand ‘concentrated liquidity’. This feature, commonly used in DEXs such as KyberSwap, Uniswapand Ambient allow liquidity providers to increase capital efficiency by allocating assets within specific price ranges. However, this mechanism also introduces unique vulnerabilities that were exploited in…
The price of Ethereum has been on a steady and massive rise over the past few weeks, and the past seven days have not been much different. The altcoin surpassed $2,100 on Friday, November 24, and is now on track to hit a new yearly high. Interestingly, recent on-chain disclosures have provided insight into the future prospects of the cryptocurrency while also revealing what is causing the latest ETH price surge. On-chain data shows whales continue to buy ETH. Ali Martinez, a well-known cryptocurrency analyst, wrote in a post on According to on-chain data from Glassnode, ETH whales have been…
When Andre Cronje launched Yearn Finance (YFI), the DeFi craze was in full swing. The two events combined to send the sector into a complete frenzy. Uniswap’s UNI airdrop and governance token YFI broke all predictable resistance and reached $30,000. At the time, Bitcoin was trading at around $10,000. Now, after a downtrend, YFI seems ready to reach new highs. YFI is trading at $51.386 on the 24-hour chart with a gain of 15.4%. During the week, YFI rose 15.9%. YFI showing bullish momentum on the 24-hour chart. Source: YFIUSDT Tradingview Data from DeFi Pulse indicates a very optimistic outlook…
Phantom Foundation Director Andre Cronje confirmed that an employee lost $7 million worth of cryptocurrency in a phishing attack. However, all Phantom Foundation funds were safe. FTM prices fell following the news. A Phantom Foundation employee lost $7 million worth of cryptocurrency due to a phishing attack on his personal wallet. Co-founder and architect Andre Cronje said the attack did not affect user funds or the Phantom Foundation’s funds. the block. Previous reports incorrectly stated that the exploit ended with the attackers draining the Phantom Foundation’s wallet, causing the native Phantom (FTM) token to plummet. However, while zero-day exploits have…
BitMEX co-founder Arthur Hayes is bullish on Bitcoin (BTC). Hayes shared his thoughts on Hayes called U.S. Treasury Secretary Janet Yellen “Bad Gurl Yellen.” In post, Hayes encouraged his fellow Bitcoin enthusiasts to remain focused, highlighting the significant increase in US dollar liquidity. He suggested that BTC would rise in price to reflect the increase in dollar liquidity.advertising The attached chart shows the net change in RRP and TGA balances, indicating a possible link between increased dollar liquidity and BTC price. I got on my feet and observed how Bad Gurl Yellen is busy pumping out financial assets. Don’t get…
Bitcoin (BTC) has a new BTC price target to consider as the cryptocurrency market falls due to a series of liquidations.BTC/USD 1-hour chart. Source: TradingViewBinance, the largest global exchange, faces a hefty fine due to regulatory enforcement actions by the U.S. Department of Justice. CEO Changpeng Zhao, informally known as CZ, will have to leave his position and could even go to jail.This was a watershed moment for one of the biggest names in the cryptocurrency industry, and the market undoubtedly reacted with understandable concern.BTC/USD fell to $35,600, its lowest level since November 16, according to data from Cointelegraph Markets…
A Hollywood director reportedly made a 575% profit by trading popular meme asset Dogecoin (DOGE) using funds originally reserved for a Netflix show. Filmmaker Carl Erik Rinsch, who received $55 million from the big streaming service between 2020 and 2021 to finance his show “Conquest,” gave millions of that money to DOGE after a disagreement, according to a new report from The New York Times. I used it to invest. With the company. According to the report, Rinsch began acting erratically and missing production schedules shortly after receiving the funding, leading Netflix to believe there was no way the project…
I was trying to transfer some bitcoins from my Bitcoin Core wallet to another online wallet. I made this deal about 3 weeks ago. And I think they lowered the fee too much. In my wallet, the transaction with 0 nodes was marked as “unconfirmed”. I’ve read a few messages on this forum. I used the -zapwallettxes option and now that transaction no longer appears in the transaction list. But at the same time my wallet is now empty. Are those bitcoins lost forever? Thanks in advance for your help. Fabrizio
Unexpected restrictions on Changpeng Zhao’s user account CZao Changpeng “CZ” Zhao, the former CEO of cryptocurrency exchange Binance, has had his account temporarily blocked on social media site X, formerly known as Twitter. Users had to accept that Zhao’s account was “temporarily restricted” after being restricted on November 23. Although X did not provide a clear explanation for this action, there were hints that Zhao may have violated some platform rules. It is interesting to note that Zhao resigned as CEO of Binance and pleaded guilty to criminal charges as part of a deal with US authorities before taking this…