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This Venture Capital Firm Is Going ALL IN on Bitcoin (BTC) and Ethereum (ETH)

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The declining and unsure crypto markets can be viewed via two sets of eyes. The first set is the pessimistic type that believes this is the end of the world as we know it with relation to cryptocurrencies. The second is the set of eyes that have that sparkle of optimism for the prices of most digital assets are at their lowest. This means this is a prime time to buy in and to buy in big on Bitcoin (BTC), Ethereum (ETH), other prominent coins and the obscure tokens just reaching the crypto markets.

One such Venture Capital firm is doing just that: buying in big into cryptocurrencies. This firm is known as Andreesen Horowitz and it has already raised $300 Million for its first crypto-focused fund. The firm has also brought in its first female general partner who is a former US Department of Justice prosecutor. Her name is Katie Haun and she will be leading the new fund.

Ms. Haun is quoted as saying:

“We want to see crypto move on beyond speculation phase and see it solve eventually billions of real-world problems. We may be investing in things that haven’t been invented yet.”

Ms. Haun helped launch the Justice Department’s first government task force for Crypto. She also worked on the high profile crypto case known as the Silk Road. She is also on the board of Directors of Coinbase and has taught Stanford’s Law School’s first-ever course on digital currencies and cybercrime.

Chris Dixon, general partner at Andreessen Horowitz, was optimistic about the cryptocurrency industry. He stated that the firm was taking a long-term and patient approach towards the industry. Mr. Dixon told CNBC that:

“We’ve experienced ups and downs in the cryptocurrency market, and expect there will be many more. There’s potential in the technology, and some of the downturns can be the best investments.”

Via this statement, Mr. Dixon showed that the firm was very bullish about cryptocurrencies in the long term. He added that:

“There are wild fluctuations in the price, and we see that as an opportunity. We’ve been unphased and investing consistently over time.”

Dixon also compared the current crypto atmosphere to that during the smartphone boom of 2009 and 2010. During that period of time, smartphones and their corresponding Apps ‘ruled’ technology. He was also quick to point out that the crypto industry is just getting started; that the industry is still young.

In summary, and as mentioned earlier, the current crypto market decline can be viewed through two sets of eyes. The first being the pessimistic type that believes it is all over. The second set is the optimistic pair of eyes as exemplified by the Andreessen Horowitz firm. We are truly at the beginning of something revolutionary.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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