Cryptocurrency news and leaks: ICO Deemed Proper By Lead VC Firm

The #1 venture capital firm has put its money where its mouth is on their most recent investment. You won’t hear much about it online, since the details of the investment were confidential (blatant…

Cryptocurrency news and leaks: ICO Deemed Proper By Lead VC Firm

The #1 venture capital firm has put its money where its mouth is on their most recent investment.

You won’t hear much about it online, since the details of the investment were confidential (blatant violation of SEC disclosure rules).

However, the details were and are pretty interesting.

According to the leaked document Andreessen Horowitz has invested over $24M in a newly launched trust company called Librecoin, as part of a larger fund of $100M.

The trust company is affiliated with a fintech company called Mogulus, which works on blockchain technology, specifically on cryptocurrency.

That means that if Andreessen Horowitz is successful with their bet on Nicodemosco, it will have a direct impact on Bitcoin. Even if Andreessen is big enough to launch a vast number of successful companies that work with Ethereum (ours for crypto), the impact will be positive for Ethereum, too.

Finally, as part of their initial investment they ask for a 6% discount on any contracts the new trust company signs. Some details of that are at the end of this post.

Andreessen Horowitz is investing in a new digital asset asset backed trust company (called Libre)

Andreessen Horowitz is one of the most powerful venture capital firms around

They received a lot of attention from the media for investments in Snapchat and Uber this year, the sort of things that rarely happen for anyone else in Silicon Valley.

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