Andreessen Horowitz Taps First Female General Partner for Crypto

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Venture capital giant Andreessen Horowitz has tapped Katie Haun as its first female general partner. In her new role, Haun will be a leader of the firm’s newly formed $300 million cryptocurrency fund. With Haun’s appointment, announced Monday, Andreessen Horowitz … Continued

Crypto Billionaire Sued by Sequoia After Funding Deal Goes Awry

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Binance founder Zhao Changpeng sued in Hong Kong court Dispute sheds light on how VC firms have valued the exchange clamping down on digital-asset exchanges around the world amid concern that the venues may be flouting securities laws. Source: Bloomberg … Continued

Bitcoin Breaches $8,000 Level as March Slump Accelerates

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Twitter joins Facebook, Google in banning crypto coin ads Biggest digital currency is down about 60% from record high The U.S. Securities and Exchange Commission sent a number of subpoenas earlier this month to ICO teams it suspects are breaking … Continued

22-Year-Old Behind $5 Billion Crypto Is Just Getting Started

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(Machine translation provided by Google and reviewed by Bloomberg editors.) Dominik Schiener would have had 500,000 reasons to turn his back on cryptocurrencies. That is the amount of euros the young man from Berlin lost in 2013/2014 in an attempt to … Continued

Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says

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The tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse, according to Goldman Sachs Group Inc.’s global head of investment research. Most digital currencies are unlikely to survive in … Continued

U.S. Stocks Drop as Treasury Selloff Gains Steam: Markets Wrap

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U.S. stocks and Treasuries fell in tandem Thursday ahead of a slew of technology earnings, as the threat of higher rates from the Federal Reserve continued to rattle equity markets coming off their best month since March 2016. The Nasdaq … Continued

Asia Stocks Slide; Rising Yields Spur BOJ to Act: Markets Wrap

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Asian shares dipped, with technology stocks leading declines after some disappointment with U.S. corporate earnings. Rising pressure on bond yields round the world stirred the Bank of Japan into action to keep rates from getting out of whack with policy … Continued

George Soros Says Trump Administration Is Danger to the World

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Donald Trump is risking a nuclear war with North Korea and predicts that the groundswell of opposition he’s generated will be his downfall. “I consider the Trump administration a danger to the world,” the billionaire investor said in a speech … Continued