money

  • Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

    Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

    Zelle, the PayPal rival backed by more than 30 U.S. banks, is preparing to launch its standalone mobile app on Tuesday, September 12th. The move is meant to give the U.S. banking industry a foothold in the person-to-person payments business, where they’re losing ground to services like PayPal, Venmo, Square Cash and, very soon, Apple’s iMessage, powered by Apple Pay. Read More

  • A candid conversation about workplace sexism at Disrupt SF

    A candid conversation about workplace sexism at Disrupt SF

    Women have been in the workforce for decades, yet many are still encountering frustrating obstacles when trying to move up the career ladder. These situations can happen in any industry, but the tech and startup community has been under added scrutiny because female founders are less likely to get funding and a paltry 7% of venture capital partners are women.  Now some people have been… Read More

  • Basis Set Ventures gets real to get to the heart of AI startups

    Basis Set Ventures gets real to get to the heart of AI startups

    Lan Xuezhao has spent the last few months pulling together $136 million for her new machine intelligence-focused venture capital fund, Basis Set Ventures. I met Xuezhao for tea on a park bench in Potrero Hill earlier this week to chat about her strategy for the fund. Read More

  • Geoff Lewis has left Founders Fund to start his own fund

    Geoff Lewis has left Founders Fund to start his own fund

    Geoff Lewis has left Founders Fund, where he was partner, and is starting a venture fund of his own. This means he’ll no longer be working with Peter Thiel, directly anyway. Founders Fund will be one of his LPs. The news was first reported by Bloomberg, which said that he intends to raise more than $100 million for the new fund. We understand that the exact amount has not been… Read More

  • Teenage bitcoin millionaire is back with a better Botangle

    Teenage bitcoin millionaire is back with a better Botangle

    Erik Finman gained notoriety and a certain fame as a 14-year-old entrepreneur and bitcoin investor who’d managed to turn a $1,000 investment in the cryptocurrency into more than a million dollars and a chance to never see the inside of a college institution. Now, several years after its sale, Finman is buying back his original startup: Botangle. Read More

  • Bitcoin breaks $3,000 to reach new all-time high

    Bitcoin breaks $3,000 to reach new all-time high

    Bitcoin has reached a record high valuation of $3,000 per coin to complete a rollercoaster week that begin with the long-awaited split of the cryptocurrency. A number of exchanges, including popular destinations Coinbase and Kraken, valued a single bitcoin at over $3,000, an all-time high that is up $485 on the valuation one month ago. Earlier this year, Bitcoin surged to surpass $2,000 for… Read More

  • From barter to blockchain: A history of money 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

  • Paytm, India’s top digital payment firm, plans to rival WhatsApp with messaging and games

    Paytm, India’s top digital payment firm, plans to rival WhatsApp with messaging and games

    WhatsApp is about to get an unlikely competitor in India, its largest global market based on users. That’s because Paytm, the $8 billion-valued company behind the country’s top digital wallet, is in the process of expanding its services into person-to-person communication, games and other mobile content. The planned update, which was first reported by the Wall Street Journal, will… Read More

  • SAIF Partners closes new $350M fund for India’s resurgent tech startup scene

    SAIF Partners closes new $350M fund for India’s resurgent tech startup scene

    SAIF Partners, one of India’s most active investment firms, has returned with a new fund of $350 million, its sixth to date. Unlike other firms, SAIF opted to keep its newest fund at the same size as its previous one because it allows it to be selective on deals, a number of partners told TechCrunch in an interview. SAIF has more than $4 billion in assets under management. Its… Read More

  • Gas pump card skimmer now phones home

    Gas pump card skimmer now phones home

    In an unsurprising move by credit card thieves, police have found a new credit card skimmer that sends stolen data via SMS. By tearing apart cheap phones, crooks are able to send credit card information to their location instantly without having to access the skimmer physically or rely on an open Bluetooth connection. Brian Krebs received images of the skimmer from an unnamed source. They… Read More

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