cryptocurrency
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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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The company called Blockchain raises $40 million
Blockchain (the company) just raised a $40 million Series B funding round led by Lakestar. Blockchain has been working on the most popular bitcoin wallet in the world. You can open a wallet on the company’s website or through its mobile apps. GV, Nokota Management, Digital Currency Group and existing investors Lightspeed Venture Partners, Mosaic Venture Partners, Prudence Holdings… Read More
Latest Crunch Report
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Will Amazon become a force in fintech?
Amazon is the tech giant most likely to become a dominant player in fintech, predicted James Lloyd, Ernst & Young’s fintech lead, when speaking on stage at TechCrunch and TechNode’s event in Shenzhen, China on Monday. Lloyd told TechCrunch that he expects Amazon to expand further into payments, lending and credit scoring. “They’ll get into everything that… Read More
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What the hell is happening to cryptocurrency valuations?
The total market cap for all cryptocurrencies just surpassed $100 billion. The vast majority of these gains have come in just the last few months — on April 1st the total market cap was just over $25 billion — representing a 300 percent increase in value in just over 60 days. Read More
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How to stage an ICO (and answers to other lingering questions you might have)
Over the last month, it’s been hard to miss talk in the media and on social channels about initial coin offerings, or ICOs. What are they? Where did they suddenly come from? Who’s investing in them? When the popular investing platform AngelList announced on Monday that it’s jumping into the business of making ICOs easier to coordinate, attention reached a fever pitch… Read More
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Ledger grabs $7 million for its cryptocurrency hardware wallets
Things are going incredibly well for Ledger these days. People find bitcoins, ethers and other cryptocurrencies exciting again. And the French startup just raised a $7 million Series A round to make hardware security devices ubiquitous. MAIF Avenir, XAnge, Wicklow Capital, GDTRE, Libertus Capital, Digital Currency Group, The Whittemore Collection, Kima Ventures, BHB Network and Nicolas… Read More
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Crunch Network
Can you trust crypto-token crowdfunding?
In 2016, blockchain startups raised some $200 million in Initial Coin Offerings, a new form of crowdfunding based on cryptocurrency tokens. Some of the startups have raked in millions of dollars; several have failed to deliver. Expert opinion is highly polarized on the crypto-token crowdfunding hype, its reliability, its legality and its future. Here’s what you need to know. Read More
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The price of bitcoin is creeping back toward its 3-year high of $1,000
Does it feel like the only time you hear about Bitcoin is when the price is either abruptly soaring or sinking? Us too! This time it’s soaring. Bitcoin is up about 30% over the last month, and about 50% over the last 3 months. The current price is hovering right around $950. The last time it traded this close to $1,000 was in January 2014 when the price hit $1,023 – right before… Read More
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Hacked Bitcoin exchange Bitfinex will reduce balances by 36% to distribute losses amongst all users
Late last week we reported that Bitfinex, a popular Hong Kong-based Bitcoin exchange was hacked, losing about $70M worth of customer’s bitcoin. The loss caused the price of Bitcoin to drop about 20%, and it still hasn’t fully recovered to pre-hack levels. In the days following the hack little information was known about how it happened and how Bitfinex would reimburse affected… Read More
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Bitcoin drops 20% after $70M worth of bitcoin was stolen from Bitfinex exchange
Bitfinex, one of the most popular cryptocurrency exchanges online, has suffered a major hack. The company has posted a note on its website detailing the security breach, and while it doesn’t mention a total amount, one of their employees confirmed on Reddit that the total amount stolen was 119,756 bitcoins. Read More
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A Florida judge has ruled that Bitcoin isn’t money
Ever since it moved into the mainstream Bitcoin has had a bit of an identity crisis. Mainly because no one is really sure whether it should be considered money or property. The IRS says it’s property for tax purposes, the Commodity Futures Trading Commission says it’s a commodity, and most Bitcoin advocates like to say it’s the world’s most advanced… Read More
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Coinbase is adding support for Ethereum
Since Coinbase was founded in 2012, hundreds if not thousands of Bitcoin competitors (typically referred to as alt-coins) were created. But Coinbase ignored the noise and remained focused on supporting just one currency – Bitcoin. But today that changes, as Coinbase is announcing that they are adding site-wide support for Ethereum, a digital currency with a built in programming… Read More
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