Weekend Recap

June 25th-27th, 2020

Most coins have dropped ∼50%. Is crypto dead?

Venture Capital firm a16z doesn’t think so. Andreessen Howoritz is a massive firm that has backed some of the most reputable companies out there. In the crypto space, they’ve backed Uniswap, OpenSea and dydx. Now they’ve created a new $2.2 billion fund to invest in more crypto-related projects. Click below to read the full post.

Chris Dixon @cdixon

1/ Today we’re announcing Crypto Fund III, a $2.2 billion fund to continue backing visionary crypto founders and help accelerate crypto into its next phase

a16z.coma16z crypto fund IIIAndreessen Horowitz announces a new $2.2 billion crypto fund to continue investing in crypto networks and the founders and teams building in this space.

“The history of crypto shows that asset prices may fluctuate but innovation continues to increase through each cycle. We’ve never been more excited about where crypto is headed and we’re going all in on the talented, visionary founders who are determined to be part of crypto’s next chapter.”

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Jay-Z buys a Punk

Jay-Z paid a total of 55 ETH for a look-alike Punk.

CryptoPunks Bot @cryptopunksbot

Punk 6095 bought for 55 ETH ($123,600.95 USD) by 0x3b417f from 0x1aff1e. larvalabs.com/cryptopunks/de… #cryptopunks #ethereum

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Elon Musk agrees to re-visit Bitcoin with Twitter CEO Jack Dorsey

Despite canceling Tesla orders in Bitcoin, Elon will join Jack Dorsey for a conversation on Bitcoin. You can register for the event below.

Documenting Bitcoin 📄 @DocumentingBTC

Elon Musk has agreed to a public discussion with Jack Dorsey about #Bitcoin on July 21st during a one-day special event. Register for free to listen:

thebword.orgThe B Word

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Tanzanian government looking into Bitcoin adoption

While nothing is confirmed, geopolitical game theory continues to play out on the heels of El Salvador’s proposed Bitcoin law. The Tanzanian President’s interest is the latest update - how many more will follow?

Cointelegraph @Cointelegraph

The Tanzanian central bank may overturn its crypto ban. This comes after the country’s President asked the bank to explore #Bitcoin and other digital assets.

buff.lyTanzania central bank may rescind crypto ban after presidential endorsementTanzania’s central bank is reportedly working on directives from the country’s president to examine possible modalities for adopting cryptocurrency in the country.

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Chainlink gearing up for global adoption outside of DeFi

Last week, Sergey Nazarov, founder of Chainlink, gave a presentation alongside SWIFT.

SWIFT (The Society for Worldwide Interbank Financial Telecommunication) is our current cross-border payment system connecting banks all over the world. A partnership with Chainlink would shift our global financial system to a cryptographically secure, borderless, smart-contract based system. Additionally it would allow banks to integrate with almost any blockchain, as Chainlink is blockchain-agnostic.

CoinDesk @CoinDesk

Six of the world's biggest banks, including @Citi and Bank of China endorsed SWIFT's new international payments system. By @JamieCrawleyCD

trib.al6 Leading Banks Back SWIFT’s New International Payments Platform - CoinDeskSix of the world’s leading banks have endorsed international payments network SWIFT’s new platform, set for launch in November 2022.

Chainlink - Official Channel @chainlink

At @swiftcommunity’s Smarter Securities event, Chainlink Co-founder @SergeyNazarov & SWIFT Capital Markets Strategy Director Matthieu de Heering explored how enterprises can use #Chainlink to connect to multiple blockchains from existing backend systems.

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Onward,

Josh