Finance

  • Bitcoin’s Price Skyrockets Following PayPal’s Hug

    Bitcoin’s Price Skyrockets Following PayPal’s Hug

    This morning, PayPal rolled out broader support for bitcoin, allowing merchants to accept the cryptocurrency as payment for digital goods. The reaction to bitcoin itself has been immediate and positive. The PayPal integration is minor — users won’t be able to start stashing their bitcoin in their PayPal accounts, but merchants that use certain PayPal services, and are located in… Read More

  • PayPal Enables Bitcoin Transactions For Merchants Selling Digital Goods

    PayPal Enables Bitcoin Transactions For Merchants Selling Digital Goods

    Bitcoin’s momentum among key merchants and platforms on the web keeps accelerating. After hinting at it a few weeks ago when Braintree enabled Bitcoin-based transactions for PayPal developers, the company is now enabling Bitcoin across the PayPal network for merchants of digital goods. The company has expressed interest in bitcoin for a while, with eBay CEO John Donahoe saying in the… Read More

  • Robinhood Raises $13M To Democratize Stock Market With Zero-Commission Trading App

    Robinhood Raises $13M To Democratize Stock Market With Zero-Commission Trading App

    Half a million people have already signed up for Robinhood’s unlaunched zero-fee stock trading service. Now the startup has raised $13 million to hire talent to make its app totally secure so it can start adding people from its private beta waitlist. Unlike competitors E*Trade and Scottrade that charge people $7 to $10 per trade, Robinhood doesn’t need to spend money on… Read More

  • Return Of The M&A Crunch Network

    Return Of The M&A

    2014 has seen an unprecedented number of M&A transactions globally, especially within the tech sector. Global tech M&A was up 55% over last year, soaring to its highest level since 2000. Technology related transactions this year alone have generated over $100B. Read More

  • Going Digital: A New Frontier For Finance Crunch Network

    Going Digital: A New Frontier For Finance

    Financial services are no longer the enigma they once were. Gaining ever-increasing accessibility, these services are on the brink of exploding. While obtaining greater access to financial services comes in part because our world is becoming more digital, it is also a result of new, innovative and disruptive influences chipping into what has long been a cozy oligopoly among established… Read More

  • Bitcoin Slips Back Under $400

    Bitcoin Slips Back Under $400

    After a steady decline from former, mid-year highs, bitcoin is now back under the $400 mark. The cryptocurrency hit that mark in April, at which point TechCrunch pointed out that the stuff was off 60 percent from its record highs. Read More

  • Alibaba Is the Biggest American IPO Ever

    NYSE Traders Weigh In On Alibaba’s IPO

    We were on the floor of the New York Stock Exchange this morning for Alibaba’s debut. The Chinese e-commerce company had the biggest initial public offering ever for a US-listed company, and its share price jumped another 36 percent when it opened at $92.70. (After approaching $100, the stock closed at $93.89.) Read More

  • Alibaba Spikes, Yahoo Sags

    Alibaba Spikes, Yahoo Sags

    Alibaba’s IPO touched down today to large success. The company’s shares soared more than 38 percent in regular trading, pushing the valuation of the Chinese e-commerce company north of $225 billion. The success of the offering, however, did not bolster Yahoo, whose stock fell during midday trading, dipping under the $40 mark before partially recovering. Yahoo owns a large stake… Read More

  • Alibaba Opens Trading At $92.70, Up 36 Percent From Its IPO Price

    Alibaba Opens Trading At $92.70, Up 36 Percent From Its IPO Price

    Alibaba just opened trading on the New York Stock Exchange at $92.70 per share, up 36 percent from the $68 share price of its initial public offering. The Chinese e-commerce giant raised $21.8 billion in its IPO, making it the biggest US public offering ever. Read More

  • Winter Is (Probably) Coming (Soon)

    Winter Is (Probably) Coming (Soon)

    That’s the gist of a recent interview that venture capitalist Bill Gurley gave. His words matter because they cut to the simple fact that too many companies are burning too much money. Making money is better than losing money, but losing money — burn — can be the prudent and responsible thing to do. Under certain circumstances, it’s great to burn: If you are quickly… Read More

  • Before $100 Million Raise, Square Was In Talks With Apple

    Before $100 Million Raise, Square Was In Talks With Apple

    According to a filing obtained by VCExperts, Square has raised another $100 million in capital. The company authorized 6.4 million Series E shares, according to the document, at a per-share price of $15.46. Square has raised incredible amounts of money. The company has raised hundreds of millions of dollars, has a nine-figure credit line and, now, a fresh $100 million traunch to use. The… Read More

  • Bitcoin Wallet And Platform Coinbase Opens To Europe

    Bitcoin Wallet And Platform Coinbase Opens To Europe

    In a really big deal for San Francisco-based Coinbase, one of the world’s leading Bitcoin wallets and merchant processing platforms, the startup is opening its doors to European customers in 13 countries. This will be its long-awaited first foray outside of the U.S. The company is one of the biggest Bitcoin wallets in the world with 1.6 million customers, 36,000 merchants including… Read More

  • Twitter To Raise Up To $1.5B In Debt Offering

    Twitter To Raise Up To $1.5B In Debt Offering

    Twitter wants more cash. The company announced two $650 million debt offerings in a filing today, each with a potential $100 increase provided that the sales are oversubscribed. Assuming full tip, including the $100 million boosters, Twitter will raise up to $1.5 billion with the two offerings. Half the debt will be due in 2019, and the other half in 2021. The company famously raised… Read More

  • Self Lender Wants To Help People Build And Repair Their Credit

    Self Lender Wants To Help People Build And Repair Their Credit

    The credit system in America isn’t great. It’s hard for people to establish and rehabilitate their standing inside of it. Today at the Disrupt Startup Battlefield, Self Lender launched its consumer finance service to help people with limited credit history build credit, as well as assist people with weaker credit profiles boost their scores. Read More

  • Gem Is A Bitcoin API To Seamlessly Build Bitcoin Services With Bank-Grade Security

    Gem Is A Bitcoin API To Seamlessly Build Bitcoin Services With Bank-Grade Security

    Meet Gem, a new bitcoin startup with a different take and a focus on developer tools. Gem provides a highly available, scalable API for bitcoin developers to abstract the bitcoin storing layer. In other words, Gem will store, encrypt and backup your users’ bitcoins so you don’t have to take care of this cumbersome aspect. The startup is launching today in private beta at… Read More

  • PayPal’s Braintree Embraces Bitcoin, One-Touch Payments

    PayPal’s Braintree Embraces Bitcoin, One-Touch Payments

    Nearly a year after PayPal acquired it in an all-cash $800 million deal, online and mobile payments platform Braintree is unveiling one-touch payments and is integrating Bitcoin. Bill Ready, who led the company through its sale, says that mobile conversion rates are still far off from where they are on the desktop web. That’s partially because it’s a lot more tedious to enter… Read More

  • Fantasy Bit League Presents | Disrupt SF 2014 Hackathon

    Fantasy Bit League Wants You To Bet Bitcoin On Football

    On stage this morning at the Disrupt SF 2014 hackathon, Fantasy Bit League pitched its creation: A way to wager bitcoin in your fantasy football league. As it turns out, betting on fantasy football is legal in every state in the U.S. Apparently it’s considered a game of skill, and not chance. Think of it as more like poker than blackjack, if you will. Read More

  • Alibaba Proposes To Go Public For As Much as $66 Per Share, Valuing The Firm At More Than $160B

    Alibaba Proposes To Go Public For As Much as $66 Per Share, Valuing The Firm At More Than $160B

    Alibaba, the Chinese e-commerce giant run by Jack Ma, has submitted F-1 paperwork to the SEC with the expectation that it will go public on September 8 under the NYSE symbol BABA. The filing appeared on SEC.gov today. 20.1 million shares will be on offer. Japanese investor Softbank currently owns 34 percent of the company while Yahoo owns 22 percent. The initial price is expected to hit at… Read More

  • KnCMiner Raises $14 Million To Take Bitcoin Mining To The Moon

    KnCMiner Raises $14 Million To Take Bitcoin Mining To The Moon

    Swedish maker of bitcoin miners, KnCMiner, has announced a $14 million Series A to help build out new mining chips along with hosted mining services. Founded by Sam Cole and Andreas Kenner, the company raised with GP Bullhound advising. Creandum led the round. “The funding will enable KnCMiner to expand its mining operations and ability to offer services to consumers in relation to… Read More

  • Symphony Commerce Raises $21.5M To Build Out Its Commerce-As-A-Service Toolset

    Symphony Commerce Raises $21.5M To Build Out Its Commerce-As-A-Service Toolset

    Symphony Commerce has raised a $21.5 million Series B round of capital, led by CRV, and participated in by Bain Capital, and FirstMark Capital. Previously, Symphony raised a $12.2 million Series A round of funding. Both Bain and FirstMark took part in that prior funding event. Read More