State of Crypto Report, Unstable Stablecoins, Fintech Prices Bottom?

The 2022 State of Crypto report is a16z crypto’s first-ever data-driven overview and analysis of web3 and crypto.

On Twitter and Reddit, stunned Luna and TerraUSD investors tried to take stock of their losses after the cryptocurrencies’ dramatic collapses last week. The two cryptos took a beating as Terra — a supposed “stablecoin” that was meant to retain a $1 price point — lost its peg, and the connected Luna crypto dropped 99% in a matter of days. Combined, the two cryptos shed tens of billions of dollars in value. Among the investors of Terra and Luna, so-called LUNAtics, a palpable sense of panic set in.

Americans are shopping and buying and “they’re paying their loans, at least to Affirm quite well,” Affirm’s Max Levchin said Thursday evening.

London-based fintech Thought Machine has doubled its valuation to $2.7bn as the cloud banking company pulls in institutional investors like Morgan Stanley and looks to expand its international presence.

Masa Finance has raised $3.5M to disrupt centralized credit by providing individuals, businesses and developers with tools to access credit via blockchain tech.

Over 15,000 people invested in the fintech company which closed after just three days.

Mizuho’s Dan Dolev says now’s the time to buy into fintech. With CNBC’s Melissa Lee and the Fast Money traders, Karen Finerman, Guy Adami, Tim Seymour and Steve Grasso.

A trio of former PayPal Ventures alums raise $158 million for Infinity Ventures, an early-stage fintech-focused fund

Consumers are using BNPL on just about anything. However, there are risks with this type of debt and little regulatory oversight to sufficiently protect borrowers.

The fund will be focused mainly on Series B and Series C rounds, based on a software model which eliminates ‘human judgement.’

These female founders and CEOs are setting the fintech agenda in Europe