Sign up to receive 5 free days of our daily summary for tech news.

Subscribe today for just $10/month for your first 3 months to access daily conference calls during the week of the Uber IPO. 

Crypto

Bear Market Fallout; Civil Pivots

I hope you had a restorative Thanksgiving holiday, and that you were able to concentrate more on food and family rather than on the value of your crypto holdings. Bitcoin remains in a slump, hovering around $4,300 as of this afternoon, though it has recovered from its lows of a few days ago, when it traded at $3,600.

Still, there are signs that the market downturn might be taking a toll: Steemit, a decentralized social-media platform, has laid off 70% of its staff, citing the weak market. We could see this becoming a pattern in the coming weeks as crypto companies find themselves strapped for cash (or need the extra money to pay SEC fines, as I wrote last week).

Below, we have new details about Civil, the blockchain-based journalism startup whose ICO last month failed rather spectacularly. Plus, you will find takeaways from the Consensus: Invest crypto conference.

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

No subscription? You're missing out.

Join the high-powered community of tech and business leaders who rely on The Information's original news and in-depth reporting.

Subscribe

Recent Articles

Crypto Venture Capital

The People With Power at Coinbase

By Jon Victor

Crypto Venture Capital

After the Crypto Boom, Investors Proceed With Caution

By Jon Victor

Crypto

Surging, or Stalling?

By Jon Victor

Crypto Venture Capital

ConsenSys Seeks $200 Million From Investors After Bumpy Year

By Jon Victor