Marc Andreessen

Why Banks’ Best Bet is a Public Blockchain (With Bitcoin)

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Asking for blockchain without bitcoin struck Marc Andreessen as wanting “online” without the Internet. Siddharth Kalla, the chief technology officer of Acupay, a technology provider in New York specializing in cross-border finance, believes Andreessen was astute when he tweeted this observation in December.   Kalla, writing in American Banker, is the most recent financial observer […]

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Investment In Bitcoin Surpasses The Early Internet’s By 25%

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Investment in bitcoin is outpacing that of the early Internet by almost 25%, according to a report today by the International Business Times, a London, U.K.-based newspaper. Venture capitalist investment in bitcoin startups is projected to be $786 million in 2015, compared with $639 million in Internet companies in 1996, the report noted. The venture capital investing includes the $116 million raised by the San Francisco-based 21 Inc. in March, the most ever for a cryptocurrency sector startup. ‘A Fringe Technology’ Marc Andreessen from Andreessen Horowitz, the lead investor, said that bitcoin was similar to the Internet in its early […]

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