cryptocurrency
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Led by Stellar cofounder Joyce Kim, SparkChain Capital is a new $100M fund for blockchain and cryptocurrency startups
Over the past 18 months, investments in blockchain startups tackling a variety of problems have climbed. SparkChain Capital, a new $100 million early-stage fund launched by SparkLabs Group, wants to contribute by backing blockchain and cryptocurrency-related companies that are solving real-world issues. Read More
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The HOLD 10 Index is a passively managed fund of the top 10 cryptocurrencies
This year the market capitalization of all cryptocurrencies has grown from about $13 billion to well over $150 billion, fueled by infusions of capital from all different types of investors. But regardless of this extreme growth, it’s still very complicated for most people to invest in cryptocurrency. So one startup is launching a private index fund designed to let you passively hold a… Read More
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Russia may soon issue its own official blockchain-based currency, the CryptoRuble
Russia will issue its own official cryptocurrency, the CryptoRuble, capping months of speculation about the country’s approach to the technology. While in a way it indicates an embrace of the likes of Bitcoin and Ethereum, the CryptoRuble is unlikely to share the truly decentralized nature of other coins. Read More
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Surreptitious cryptocurrency miners hide on Politifact and hundreds of other sites
Politifact is the latest and perhaps most high-profile website to host code that secretly hijacks visitors’ CPUs to mine cryptocurrency. Driven by a boom in cryptocoin value and a lack of protections against JavaScript routines like this one, this surprising form of audience monetization is now found on hundreds of sites. Read More
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Bitcoin just passed $5,000
This morning bitcoin shot past $5,000, and is now hovering around $5,300 — up nearly 10 percent from yesterday. It’s the first time the cryptocurrency has confidently shot past $5,000. Some exchanges saw the price hit $5,000 for a few minutes in September, but it only lasted for about 10 minutes, making today the first sustained movement past the historic milestone. Read More
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Coinbase is launching instant purchases and ditching the 3-5 day wait period
Coinbase just announced that users can instantly purchase cryptocurrency and have it be funded from a U.S. bank account. Until now, these types of purchases took between 3-5 days to complete, as Coinbase waited for funds to transfer via ACH before they credited your purchase. Read More
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Confirmed: Korean crypto exchange Korbit sold to Nexon parent for $80M
The parent company of games giant Nexon has confirmed that it acquired Korea’s second largest cryptocurrency exchange, Korbit, in a deal that values it at just over $120 million. A spokesperson from NXC, the corporation that is the largest shareholder of $11.5 billion-valued Nexon, confirmed to TechCrunch that it paid 91.3 billion KRW (approximately $79.5 million) for 65.19 percent… Read More
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How to run a token sale
Seed funding is drying up. Accelerators are scrambling for revenue. Things are changing drastically in the startup ecosystem. So how do you raise money when your product needs more than some Django code and an AWS instance? You run an ICO, right? Read More
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21.co announces a token system to get people to join its paid messaging network
Today at Disrupt, 21.co CEO and co-founder Balaji Srinivasan outlined his company’s unusual evolution and announced the launch of a new system for kickstarting the site’s user base by incentivizing people with tokens for doing things like signing up, getting verified and performing certain tasks. The company opted to move away from the increasingly popular ICO model because… Read More
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Crypto Asset Visualizer turns your bitcoin into an AR pile of cash
Built in fewer than 24 hours at TC Disrupt SF 2017’s hackathon, CAV, or Crypto Asset Visualizer, does exactly what it sounds like – it makes it easier to visualize your cryptocurrency holdings. Using augmented reality, CAV calculates the USD value of your crypto holdings, then displays a virtual pile of cash on the ground in front of you. Right now it’s a demo – and… Read More
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Wificoin lets you buy hotspot access with cryptocurrency
It’s infuriating to see a public wifi connection you’re not allowed to use, such as the ones from mobile carriers like T-Mobile and ISPs like Comcast. If you’re not a subscriber, there’s often no way to pay for one-time access. But TechCrunch Disrupt SF 2017 Hackathon project Wificoin wants to help you buy or earn access to hotspots nearby. Here’s how it works. Read More
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Bitcoin price drops following report that China is going to shut down local exchanges
Another day, another crash and another Chinese ban. This time, as Reuters spotted, a single report from financial news site Caixin is saying that the Chinese government is considering banning cryptocurrency exchanges in China. In particular, the report is saying that Chinese citizens won’t be able to use exchanges to buy bitcoins, ethers and more using Chinese yuan, and vice versa. Read More
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Bitcoin just passed $4,000
What a day for Bitcoin. 24 hours ago the cryptocurrency was trading below $3,700. About an hour ago it surged passed $4,000 and has no signs of stopping. It’s now trading around $4,135.00. For reference, a week ago Bitcoin hit an all-time high as it passed $3,000 for the first time. Check out the chart below to see what the price has done in the last 24 hours. So the million… Read More
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Vitalik Buterin and Naval Ravikant to discuss Ethereum at Disrupt SF
Cryptocurrencies are back. But did they ever go away? If you ask cryptocurrency advocates, they’re going to tell you that it’s been a slow and steady rise filled with initial coin offerings, forks and updates. That’s why we’re excited to welcome Ethereum co-founder Vitalik Buterin and AngelList co-founder and CEO Naval Ravikant at TechCrunch Disrupt SF. They’re… Read More
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Crunch Network
From barter to blockchain: A history of money
The Big Bang brought the universe into existence 13.7 billion years ago. Life first appeared on our planet 3.8 billion years ago. Earth witnessed a hominid species, Home erectus, walking upright for the first time 1.9 million years ago. And, 7,000 years ago, money was invented. Read More
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WTF is bitcoin cash and is it worth anything?
Early yesterday morning bitcoin’s blockchain forked — meaning a separate cryptocurrency was created called bitcoin cash. Right now, bitcoin cash is actually worth quite a bit — on paper at least. Some are trading it at around a value of $400 per coin, which makes it the fourth-largest cryptocurrency by market cap right now. Read More
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Singapore, like the US, says it may regulate some ICOs
Less than a week after the SEC said that it may regulate certain crypto token sales, better known as ICOs, Singapore has followed suit to say it too will regulate offerings that are deemed to be securities. Already a global financial hub, Singapore has developed into a destination of sorts for ICOs, with the likes of TenX ($80 million), Golem ($8.6 million) and Qtum ($15.6 million) among those… Read More
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Dear Floyd Mayweather, you’re why the SEC exists
Dear Floyd Mayweather: While perusing Facebook, I chanced across your post drumming up interest in the upcoming Stox initial coin offering (ICO). I understand your motivations in wanting to diversify your portfolio of investments, but I caution that your actions are reckless and potentially financially damaging to you and your fans. Read More
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SEC regulators are coming after ICOs
It looks like ICOs, shorthand for initial coin offerings, are about to undergo a lot more scrutiny. The SEC has concluded that the digital currency financing events will be regulated as securities, meaning unregistered offerings could be subject to criminal punishment. The decision was announced on Tuesday. To reach its findings, regulators evaluated an offering facilitated by “The… Read More
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While investment firms ponder ICOs, this team is barreling ahead with a $100 million ICO fund
Most investors are trying to get a handle on initial coin offerings, which have begun racing through the tech ecosystem like a fire, causing excitement and confusion and some degree of terror. One San Francisco-based firm is barreling full steam ahead into the world of ICO investing: Pantera Capital. Read More
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