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- Morgan Stanley CEO James Gorman is less critical of crypto than some of his fellow investment banking executives. “I don’t think crypto is a fad. I don’t think it’s going to go away,” Gorman said during the bank’s third-quarter earnings call on Thursday, Bloomberg has reported. “I don’t know what the value of bitcoin should or shouldn’t be. But these things aren’t going away,” the CEO added.
- American venture capital firm Andreessen Horowitz (a16z) said it is setting up a new USD 515m fund “to invest in crypto networks and businesses.” The fund will have a special focus on the following areas: Next-generation payments, modern store of value, decentralized finance, new ways for creators to monetize, and web 3.0, they added.
- Aurora Labs, which develops an Ethereum Virtual Machine (EVM) scaling solution for decentralized applications on NEAR, Virtual Machine (EVM) scaling solution for decentralized applications on NEAR, Read More Developers Can Now Build Ethereum-Compatible Blockchains