Andreessen Horowitz’s new $2.2 billion crypto fund is chasing stablecoins, DeFi, and the builders no one is watching

Venture capital giant Andreessen Horowitz (a16z) has launched a $2.2 billion crypto fund, doubling down on investments in blockchain startups amid a surge in artificial intelligence venture capital. The new vehicle, called “Crypto Fund 5,” will invest in cryptocurrency entrepreneurs at all stages, with capital deployed over more than a decade, according to a company…

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China stopped issuing new robotaxi licenses over a glitch. America can’t stop them from rolling into active shooter situations

On March 31, more than a hundred Baidu Apollo Go robot taxis froze on the streets of Wuhan at the same time. Vehicles were stranded on overpasses and elevated roads, leaving passengers stranded for up to two hours. Weeks later, Beijing suspended all new self-driving licenses across the country. The suspension prevents robotaxi companies from…

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Canada just got its first regulated digital dollar to take on the U.S. stablecoin’s crypto dominance

Tetra Trust Company, a Canadian digital technology and financial services provider, has launched CADD, a Canadian dollar stablecoin approved by the Ministry of Finance and Finance of the Province of Alberta. The company said it is the first Canadian dollar-pegged stablecoin issued by a regulated financial institution in Canada. The company said reserves are held…

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