Mike Sullivan
Crypto Newsletter
Crypto

Investors Regroup; ConsenSys’ Consulting Stumble

By  |  Dec. 12, 2018 12:01 PM PST
Photo: Mike Sullivan

Crypto winter is here, but who can say when it actually began? It has now been about a month since the price of bitcoin started to drop off its $6,400 level, falling by almost half in that time. But many assets were already down more than 80% from their 2018 highs before the latest plunge. Even as prices remain low, however, market infrastructure continues to develop: Coinbase said it would list 31 new cryptocurrencies, and the Winklevii launched a mobile app for their exchange, Gemini.

We have a jam-packed newsletter this week. I talked to investors about how they are recalibrating after the bull market of 2017 fell apart in 2018. I also spoke to employees affected by layoffs at ConsenSys about the disorganization at the company’s consulting arm, one of the main targets in the layoffs.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Exclusive Asia E-commerce
China’s Ride-Hailing Giant Didi Plans Separate IPO of Grocery Business
Didi’s offices in Hangzhou, China. Photo: Bloomberg
Didi Chuxing, a Chinese ride-hailing giant that plans to go public in New York this summer, is already making plans to spin off its newly created grocery-delivery service a year or two after the initial public offering. Didi executives have told investors in the grocery service that it intends to take the grocery business public sometime between 2022 and 2023, according to a person familiar...
Latest Briefs
 
Tencent Trying to Prevent Forced Divestment of Riot, Epic Games
Uber’s Ride Hailing Business Performed Slightly Better in Q1
Microsoft Gaming Exec Details Failed Bid to get Cloud Gaming Service on iPhone
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Org Charts Google
At Booming Google, Search Chief Gives More Love to Product Managers
Even as Google’s business booms and hiring accelerates, senior leaders have made changes to the unit housing its biggest moneymakers—web search and advertising.
Shouzi Chew, TikTok's new CEO, and Zhang Yiming, CEO and founder of TikTok-owner ByteDance. Photos: Bloomberg
Asia
With New TikTok CEO, ByteDance Roots Itself Firmly in Asia
TikTok said Friday that it had tapped Shouzi Chew as its new CEO, installing a lieutenant from its parent company, ByteDance, to oversee one of its most important and challenging businesses.
Illustration by Jonathan Holt
Exclusive Facebook Entertainment
Spotify’s Next Dilemma: Grappling With Hate Speech
At a Spotify employee workshop held in late 2018, participants were presented with a series of statements which they were told came from a podcast on the service, urging violence against the police.
Will Epic Fail? — The Information’s 411
Apple's app store in on trial. Will Epic Games be able to loosen Apple's grip on app developers?
Apple's App Store is increasingly facing antitrust accusations. Illustration by Jesus Escudero.
Exclusive Apple Policy
The Guardians of Apple’s App Store Gird for Battle
For the next three weeks, one of Apple’s most senior executives, Phil Schiller, will spend his days in a sterile courtroom in Oakland, Calif., 50 miles from Apple’s gleaming spaceship-like headquarters in Cupertino.
TheRealReal CEO Julie Wainwright. Photo by Bloomberg.
E-commerce
Web Retailers Resume Brick and Mortar Expansion After Pandemic Pause
For years, e-commerce companies have experimented carefully with their own brick-and-mortar stores, which are costly to run but can help them snag new customers.