Andreessen Horowitz’s Katie Haun on new crypto fund, China’s crackdown

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  • CNBC Television published this video item, entitled “Andreessen Horowitz’s Katie Haun on new crypto fund, China’s crackdown” – below is their description.

    Andreessen Horowitz is launching a multibillion-dollar fund to invest in a volatile ecosystem it’s betting will be as influential as the internet. The Silicon Valley venture capital firm, founded by Marc Andreessen and Ben Horowitz, announced its new $2.2 billion cryptocurrency-focused fund on Thursday. It plans to deploy that capital across blockchain and digital asset start-ups. Kathryn Haun, general partner at Andreessen Horowitz, will lead the fund. She joined “Squawk Box” on Thursday to discuss.

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    In This Story: Cryptocurrency

    A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

    Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.

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