Finance

  • Bitcoin Might Be The Next Big Thing In The Remittance Market Crunch Network

    Bitcoin Might Be The Next Big Thing In The Remittance Market

    Since its inception in 2009, bitcoin has been disrupting the money exchange market and the currency industry. As the remittance market is moving from brick and mortar retail network to digital, bitcoin might be the next technology to keep reducing and easing money transactions. Read More

  • The Shift In Assets Crunch Network

    The Shift In Assets

    Asset prices are more sensitive to very low interest rates than most suspect. Global interest rates are now at historic lows. Conversely we are seeing record prices for asset prices be they share prices of listed companies, privately held Internet startups, art, collectible cars or real estate. Read More

  • What The U.S. Can Learn About Financial Inclusion From The Developing World Crunch Network

    What The U.S. Can Learn About Financial Inclusion From The Developing World

    Financial inclusion — expanding access to financial services to those on the margins — is often advocated as a priority for the developing world. And rightly so: It can increase economic security for the people who need it most and promote economic development where those people live. Read More

  • Happy Bitcoin Pizza Day!

    Happy Bitcoin Pizza Day!

    Every May 22 cyphernerds around the world celebrate Bitcoin Pizza Day, the day when early bitcoin enthusiast and programmer Laszlo Hanyecz offered 10,000 bitcoins – about $25 at that time – for two Papa John’s pizzas (pictured above). In 2010 he posted this to a bitcoin message board: I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I… Read More

  • PayPal CEO Dan Schulman, “We Have A Lot Of Work Ahead Of Us”

    PayPal CEO Dan Schulman, “We Have A Lot Of Work Ahead Of Us”

    Digital commerce company PayPal is moving to establish itself as “more than just a button” to a global payments platform as it readies a split from parent company eBay later this year. “We’re coming into the market at a time when the financial services industry is going through some fundamental shifts,” new PayPal CEO Dan Schulman said at PayPal’s… Read More

  • Index Ventures Hires Dropbox Exec Ilya Fushman As General Partner

    Index Ventures Hires Dropbox Exec Ilya Fushman As General Partner

    Dropbox shed an executive today. The storage and file-sharing company’s Ilya Fushman is joining Index Ventures as a general partner. Index Ventures led Dropbox’s $250 million Series B round of funding. Benchmark, Greylock and IVP also participated in that round. According to startup and funding database CrunchBase, Dropbox has raised north of $1 billion during its life. Read More

  • JFDI Asia Doubles Investment And Trials Remote Participation In Its Accelerator Program

    JFDI Asia Doubles Investment And Trials Remote Participation In Its Accelerator Program

    JFDI Asia, the Singapore-based accelerator program, is literally doubling down its investment in early-stage startups and experimenting with allowing participants of its 100-day program to spend time away from its physical base. Read More

  • Bubble 2.0? Crunch Network

    Bubble 2.0?

    Federal Reserve Chairwoman Janet Yellen weighed in on the prospects of an equity bubble at a meeting with International Monetary Fund Director Christine Lagarde earlier this month. The danger warnings beat to the drums of Mark Cuban’s worse than 2000 prediction because the tech sector was singled out as the asset class with overinflated valuation. Read More

  • This Week On The TechCrunch Bitcoin Podcast: Russia And Presidential Dreams

    This Week On The TechCrunch Bitcoin Podcast: Russia And Presidential Dreams

    It’s Friday, which means that your friends at TCBTC, the TechCrunch bitcoin podcast, are back with another heaping helping of all things bitcoin. Let’s bit! This week, John Biggs and I almost managed to say nothing that will annoy the faithful, but by the end of the episode that was no longer the case. We’re going to bring back our friend Lopp next week to dig into the… Read More

  • Vouch Raises $6 Million Series A For Its Social Network For Credit

    Vouch Raises $6 Million Series A For Its Social Network For Credit

    Vouch, a so-called “social network for credit” founded by ex-PayPal and ex-Prosper alumni, now has an additional $6 million in Series A funding to continue to grow its business. While there are a number of alternative lending startups on the market today, Vouch’s differentiating factor is that it leverages a person’s social connections in order to determine their… Read More

  • PayPal To List On Nasdaq Under PYPL Ticker After eBay Spinoff

    PayPal To List On Nasdaq Under PYPL Ticker After eBay Spinoff

    Payments company PayPal is inching closer to spinning off from its marketplace parent eBay. Today its designated CEO, Dan Schulman, announced that it plans to list on Nasdaq and use PYPL as its ticker — the original ticker it used before eBay acquired it in 2002. The  company plans to spin off eBay in the second half of this year. To date, some 18 billion transactions and… Read More