Cryptocurrency Is Exploding With Big News, Says Altcoin Daily

The popular crypto channel Altcoin Daily shares the latest disrupting events happening in the cryptocurrency that may lead to the next explosion of the market.

Largest crypto fund ever created

Venture capital giant Andreessen Horowitz is launching “Crypto Fund III” backed by an additional $2.2 billion of investment capital.

Andreessen Horowitz, already prominent in Silicon Valley for its early bets on tech giants like Facebook, launched a stand-apart unit in 2018 dedicated to crypto or what partner Chris Dixon describes as “Web 3.0”. According to Altcoin Daily, the firm’s Crypto Fund III is by far the biggest fund dedicated to cryptocurrency to date.

“All of this is likely to deliver a boost to the crypto industry, which has been limping through a recent downturn marked by a dramatic drop in the price of Bitcoin and other cryptocurrencies”, says the crypto KOL.

Citigroup launches a digital asset unity

Wall Street giant Citigroup has officially launched a new business unit dedicated to the cryptocurrency and blockchain sp”

“The firm announced Thursday morning the new group, dubbed Digital Assets Group, which will sit within its wealth management division, Citi Global Wealth Investments, according to the memo”, says Altcoin Daily.

Besides, Morgan Stanley and Goldman Sachs have launched their own internal initiatives to help their rich wealth management clients access the crypto market.

Tesla, Facebook, Google Stocks launch on the Solana blockchain

Swiss-based company Digital Assets AG has launched tokenized stocks that can be transferred to any entity on the Solana blockchain. Popular stocks that will be immediately available for trading include Facebook, Google, Netflix, Nvidia, PayPal, Square, and Tesla.

“The transferable tokenized stocks launched on Solana will allow centralized and decentralized exchanges built on that public blockchain to add tokenized stock trading to their platforms”, according to the analyst.

Coinbase approved to enter Japanese Market

Another shaking news on the list is that Coinbase is now registered as a cryptocurrency exchange to operate in Japan. The Japanese financial regulator has approved Coinbase to trade five cryptocurrencies, including bitcoin (BTC), bitcoin cash (BCH), ether (ETH), stellar lumen (XLM), and litecoin (LTC).

“Coinbase unveiled its plan to enter the Japanese crypto market back in 2018. The company said at the time that it would be working hand-in-hand with the Japanese FSA to ensure compliance with local laws at every stage”.

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