The engineers will provide technical advice to Andreessen Horowitz’s portfolio companies.
Samuel Haig
Samuel Haig is a journalist who has been completely obsessed with Bitcoin and cryptocurrency since 2012. Samuel lives in Tasmania, Australia, where he attended the University of Tasmania and majored in political science and journalism, media and communications. Samuel has written about the dialectics of decentralization and is also a kangaroo riding enthusiast.
Top engineers working on Facebook’s wallet jump ship to A16z’s crypto fund El Salvador to build $4M veterinary hospital using profits from Bitcoin trust Salvadoran President Nayib Bukele said no Bitcoin will be sold to fund the investment, with the state instead drawing USD from its Bitcoin trust.
Globe-trotting Binance looks to Ireland for ‘centralized’ headquarters Binance established three subsidiaries in Ireland during September and the globe-trotting exchange may be settling down.
Rocket Pool delays launch after vulnerability discovered by rival Staking provider Lido was also found to be vulnerable to the bug that has delayed the launch of the Eth2 staking service Rocket Pool.
Senator pressures OCC nominee over missing Marxism thesis from Moscow Uni “I don’t think I’ve ever seen a more radical choice for any regulatory spot in our federal government,” said Senator Pat Toomey.
MakerDAO founder's plans to address climate change and pivot back to ETH Rune Christensen believes MakerDAO’s collateral should be mobilized to capital into sustainable investments.
Riot Blockchain tripled production this year and is hoarding $194M in Bitcoin Public mining firm Riot Blockchain has more than tripled its year-to-date Bitcoin production.
Laos partners with Soramitsu on CBDC research as regulated crypto mining begins Soramitsu, the firm that helped build Cambodia’s Bakong digital payments system, will work with the Laos government to research what a Laotian CBDC might look like.
Gensler confirms SEC won’t ban crypto... but Congress could Representative Patrick McHenry believes Gary Gensler’s SEC has disregarded standard practice when going after crypto.
Sentenced ‘Bitcoin czar’ named among Pandora Papers The ICIJ’s report suggests the “Bitcoin czar” may have been a member of the Carbanak hacking group.
El Salvador introduces fuel subsidy of $0.20 per gallon to locals who pay in BTC El Salvador is looking to bolster adoption of its government-issued Chivo Bitcoin wallet by offering discounts on petrol purchases of $0.20 per gallon to consumers who pay using BTC.
Compounding problems: $65M more COMP at risk as devs wait for time-locked bug fix While Compound’s developers submitted a fix for the protocol’s bug on Thursday, the update won’t take effect until a seven-day time-lock on code updates has passed.
US House of Reps to deliver verdict on infrastructure bill this week While Speaker Nancy Pelosi expects the infrastructure bill to pass, the Democrats are divided on whether to pass the legislation before the terms of a follow-up $3.5 trillion package is finalized.
Acting OCC head warns that ‘fools gold’ in DeFi reminds him of lead-up to GFC While crypto has weathered past hacks, scams and crashes, acting OCC head Michael Hsu warns that the risks may be multiplying as the technology goes mainstream.
SushiSwap denies reports of billion-dollar bug Claims by a self-professed white-hat hacker about a major security risk to SushiSwap liquidity providers have been rejected by one of the exchange’s devs.
Almost half of crypto owners turn to celebs like Kim Kardashian for advice: Survey A surprisingly large proportion of crypto owners report they would purchase a crypo asset because it is endorsed by a celebrity or influencer.
Biden to nominate anti-crypto and anti-big bank law professor to run the OCC Omarova has stated she hopes to “end banking as we know it” but believes large financial firms can abuse the crypto market outside of regulators’ view.
‘Extreme fear’ as Bitcoin price falls below $40K... and then bounces While many analysts believe Bitcoin is destined for six figures if support at $40,000 can hold up, others are predicting an imminent bear cycle.
Top Brazilian investment bank BTG Pactual launches crypto trading app Initially supporting only BTC and ETH, BTG Pactual’s new crypto trading platform plans to allow its users to trade a wide range of altcoins.
Optimism announces upgrades enabling ‘one-click’ roll-up deployment As competition between layer-two scaling solutions heats up, Optimism has announced one-click roll-up deployments.
$1.2B in Ether withdrawn from centralized exchanges in record daily outflow More than $1 billion worth of Ether has been withdrawn from centralized exchanges within a 24-hour period. It’s the second time this year, and the price went vertical last time.
Treasury plots stablecoin crackdown even as Tether’s dominance wanes While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4%, respectively.
Does Evergrande’s $300B debt crisis pose systemic risk to the crypto industry? As onlookers predict that top Chinese property developer and commercial paper issuer Evergrande will default, some analysts believe the firm poses systemic risks to crypto.
SkyBridge raises $100M for Algorand fund and files for crypto company ETF Anthony Scaramucci revealed that SkyBridge currently holds $700 million worth of cryptocurrency.
Coinbase increases junk-bond offering to $2B after investors swarm Coinbase has sold $2 billion worth of corporate bonds in an offering that saw $7 billion worth of bids placed.
PrimeDAO raises $2M to build a cooperative platform for DAOs PrimeDAO has raised $2 million from DeFi funds that share its vision for a collaborative platform enabling cooperation among decentralized autonomous organizations.
Solana and Arbitrum knocked offline, while Ethereum evades attack Solana’s validators are preparing a new release after the network was brought down by a sudden surge in transaction volume, while Ethereum evaded a malicious attack.
Cardano launches smart contracts after successful hard fork Cardano has completed its Alonzo hard fork to introduce Plutus-powered smart contract scripts.
El Salvador's bonds suffer as Bitcoin Law takes effect Bond investors appear to be betting against El Salvador’s controversial Bitcoin Law, but other factors need to be taken into account.
Ukraine passes legislation to recognize and regulate crypto Ukraine is hoping its new digital asset regulations will attract foreign crypto exchanges to set up shop in the Eastern European nation.