[BeyondCC Daily Update] - 4 May 2020
The terms of the deal were defined by a16z and joined by some 40 other investment firms including Pantera Capital, Libertus, Blockchange, Animal Ventures, Distributed Global and Notation Capital, according to NEAR co-founder Illia Polosukhin. The token sale is the network’s second following a $12.1 million round last July.The Stablecoin Surge Is Built on Smoke and Mirrors
There’s a desperate shortage of dollars. Despite the Federal Reserve creating new money at an unprecedented rate, the U.S. dollar exchange rate is rising. The U.S. government is pouring trillions of dollars into the economy to support failing businesses and people losing their jobs. When governments and central banks put new money into the economy, consumer prices usually rise. But in March, against what you would expect, consumer prices fell by 0.4%.