Bitcoin

<ul><li>a16z announces first international office in London amid U.S. crypto tensions.</li><li>The firm invests $43m in UK-based AI and crypto startup, Gensyn.</li><li>The new branch is intended to foster talent through blockchain clubs and educational programs.</li></ul>VC firm Andreessen Horowitz (a16z) is venturing into the U.K. crypto scene, establishing its first overseas office in London. This move comes amidst rising regulatory tensions in the U.S., leading to the firm eyeing the U.K. as a potentially more hospitable environment for <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/" rel="noopener noreferrer nofollow">cryptocurrency</a> ventures.The new branch will spearhead a16z’s crypto fund operations under the leadership of General Partner Sriram Krishnan. The firm underpins its move with a $43 million investment in Gensyn, a UK-based AI and crypto startup touted as the “Airbnb for GPUs.” This investment follows a series of previous injections into other UK-based crypto ventures such as Arweave, Aztec, and Improbable.<a href="https://coinedition.com/andreessen-horowitz-a16z-plans-u-k-office-amid-u-s-crypto-tensions/" rel="noopener noreferrer nofollow">See the Original On CoinEdition</a>

Andreessen Horowitz (a16z) Plans U.K. Office Amid U.S. Crypto Tensions

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