JPMorgan sees higher BTC price potential, a16z unveils $4.5 billion crypto fund and PayPal hints at more crypto involvement: Hodler’s Digest, May 22-28
Cointelegraph
Published May 28, 2022 04:30PM ET
Updated May 28, 2022 04:40PM ET
h4 /h4 h4 Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil
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/h4 h4 GameStop (NYSE:GME) unveils beta cryptocurrency wallet and upcoming NFT platform/h4 h4 /h4 h4 Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote/h4 h4 /h4 h4 Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level/h4 h4 /h4 h4 ‘Yikes!’ Elon Musk warns users against latest deepfake crypto scam/h4 h4 Crypto spam increases 4,000% in two years LunarCrush
/h4 h4 Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account/h4 h3 /h3 h3 The Moon ‘created’ his lavish reality and says you can, too/h3 h3 Crypto is changing how humanitarian agencies deliver aid and services/h3 h3 How Terra’s collapse will impact future stablecoin regulations/h3
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Venture capital player Andreessen Horowitz, or a16z, has unveiled a new $4.5 billion cryptocurrency fund. The a16z fund is the fourth of its kind and more than double the amount of its third crypto investment fund. With $3 billion earmarked for venture investments and $1.5 billion for early-seed projects, the fund will look to invest in companies at various stages in their life cycle. Andreessens new fund provides a strong indicator that venture capital interest in the crypto market remains high despite evidence of a brutal bear market.
h4 /h4h4 JPMorgan (NYSE:JPM) places BTC fair price at $38K, declares crypto a preferred alternative asset/h4
A client-focused note from JPMorgan this week detailed the banking giants thoughts on Bitcoin, claiming $38,000 as the assets fair value. The seemingly bullish outlook came on the heels of depressed price action for Bitcoin, which has been rangebound below $30,000. But even in February, when BTC was valued at $43,000, JPMorgan strategists said that $38,000 was fair market value. This weeks client note from JPMorgan also pointed to the possibility of positive price action for the entire crypto space provided venture capital investment doesnt waver.
h4 /h4 h4 WEF 2022: PayPal (NASDAQ:PYPL) looks to embrace all possible crypto and blockchain services/h4
/h4 h4 Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account/h4 h3 /h3 h3 The Moon ‘created’ his lavish reality and says you can, too/h3 h3 Crypto is changing how humanitarian agencies deliver aid and services/h3 h3 How Terra’s collapse will impact future stablecoin regulations/h3
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Written By: Cointelegraph
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