A Long, Strange Trip for the ‘Uber for Nurses’
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Crypto Global
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crypto
Yuga Labs’ Metaverse Land Sale Underscores Pressure on Ethereum
By
Aidan Ryan
· May 2, 2022 6:44 PM PDT ·
1 comment
It was a weekend of heavy traffic, and I’m not talking about cars. Two major blockchains, Ethereum and Solana, suffered significant disruptions due to a surge of transactions related to non-fungible tokens. The gridlock was so bad that one popular NFT creator has floated the prospect of building its own blockchain—underscoring the urgency of...
It was a weekend of heavy traffic, and I’m not talking about cars. Two major blockchains,...
Crypto Global
crypto
Robinhood Reports Drop in Crypto Revenue; Apollo Hires Ex-J.P. Morgan Crypto Banker
By
Aidan Ryan
· April 28, 2022 4:07 PM PDT
Is it finally safe to say the meme stock craze is dead?It was another rough quarter for retail brokerage and crypto trading firm Robinhood, which reported its first quarter results on Thursday. The company reported total net revenue of $299 million, a 43% decrease from the first quarter last year when the explosion of “meme-stock” activity led...
Is it finally safe to say the meme stock craze is dead?It was another rough quarter for retail...
Crypto Global
crypto
FTX CEO Sam Bankman-Fried Clarifies His Comments on Yield Farming
By
Akash Pasricha
· April 27, 2022 5:30 PM PDT
Part of FTX CEO Sam Bankman-Fried’s goal in staging Crypto Bahamas is to legitimize digital assets and the companies behind them, similar to the way traditional financial institutions engender trust, he told me in an interview on Tuesday.We spoke in Nassau ahead of the conference, which started Wednesday, in partnership with hedge fund...
Part of FTX CEO Sam Bankman-Fried’s goal in staging Crypto Bahamas is to legitimize digital...
Inca Digital CEO on the Wave of Crypto Hacks
By
Aidan Ryan
· April 26, 2022 5:23 PM PDT
Crypto Global
crypto
Inca Digital CEO on the Wave of Crypto Hacks
By
Aidan Ryan
· April 26, 2022 5:23 PM PDT
A $3 million theft from holders of Bored Ape Yacht Club and other related NFTs has added to what’s a rapidly growing list of large cryptocurrency thefts. On Monday, Yuga Labs—the startup behind the popular digital art collection—said a hacker posted a fraudulent link on the collection’s Instagram account publicizing a fake airdrop, or free...
A $3 million theft from holders of Bored Ape Yacht Club and other related NFTs has added to what’...
Crypto Global
crypto
FTX Meets Wall Street in the Bahamas; Decentralized Twitter Is Back in Play
By
Akash Pasricha
· April 25, 2022 6:01 PM PDT
Two thousand of crypto’s biggest backers and founders are flocking to the Bahamas this week for a conference jointly held by crypto exchange FTX and investor forum SALT, which is entitled Crypto Bahamas. Back in its heyday, SALT was a glitzy hedge fund conference at the Bellagio Hotel in Las Vegas that hosted former presidents Bill Clinton and...
Two thousand of crypto’s biggest backers and founders are flocking to the Bahamas this week for a...
Crypto Global
crypto
Key Crypto Takeaways from The Information’s Women in Fintech Summit
By
Akash Pasricha
· April 21, 2022 4:17 PM PDT
On Thursday, The Information hosted a day-long fintech summit as part of our Women in Tech Leadership Forum. Crypto and blockchain were hot topics of discussion, with executives talking about everything from how to get a job at a blockchain startup to the big opportunities at the intersection of crypto and automated investing. Here are four...
On Thursday, The Information hosted a day-long fintech summit as part of our Women in Tech...
Crypto Global
crypto
Crusoe Energy Valued at $1.75 Billion For Clean Bitcoin Mining
By
Akash Pasricha
· April 20, 2022 5:48 PM PDT
One of the biggest critiques of crypto is the energy consumption of digital assets. Bitcoin mining, the process by which computers solve complicated mathematical puzzles to keep the blockchain running, uses more energy than some small countries. Crusoe Energy is one of a handful of startups offering a greener alternative.The Denver company,...
One of the biggest critiques of crypto is the energy consumption of digital assets. Bitcoin...
Robinhood May Be Too Late Entering Europe; Blockchain.com Considers IPO
By
Akash Pasricha
· April 19, 2022 6:01 PM PDT
Crypto Global
crypto
Robinhood May Be Too Late Entering Europe; Blockchain.com Considers IPO
By
Akash Pasricha
· April 19, 2022 6:01 PM PDT
If at first you do not expand, try, try again. Robinhood, which scrapped plans to expand in the U.K. in 2020, is betting its acquisition of U.K. crypto-investing platform Ziglu will help kickstart its international expansion. But Robinhood now will be fighting for share in a far more crowded European market for stock and crypto trading than it...
If at first you do not expand, try, try again. Robinhood, which scrapped plans to expand in the...
Crypto Global
crypto
Crypto Startup Funding Keeps Climbing (Chart); Moonbirds NFTs Surge in Debut
By
Akash Pasricha
· April 18, 2022 5:18 PM PDT
Our two new charts confirm what investors and founders have been telling us for a few weeks: crypto startup funding is still red hot even though total funding into startups has fallen from late last year. Venture capitalists sunk $10 billion globally into crypto startups in the first three months of this year, up 13% from the final...
Our two new charts confirm what investors and founders have been telling us for a few weeks:...
Crypto Global
crypto
Sam Bankman-Fried Would Be ‘Excited’ to Help Elon Musk Decentralize Twitter
By
Akash Pasricha
· April 14, 2022 6:37 PM PDT
If Elon Musk gains control of Twitter, FTX CEO Sam Bankman-Fried would be “excited” to help him decentralize the social network and move it to a blockchain, if that were Musk’s vision, he told me in an interview Thursday. “Would I be tempted to take part in it financially as well?” Bankman-Fried said. “It’s certainly something I’d consider,...
If Elon Musk gains control of Twitter, FTX CEO Sam Bankman-Fried would be “excited” to help him...
Crypto Global
crypto
How MoonPay, Hollywood’s Crypto Concierge, Really Makes Money
By
Akash Pasricha
· April 13, 2022 7:05 PM PDT
A few weeks back, my colleague Margaux MacColl wrote a story for our Weekend magazine about Paris Hilton’s fascination with crypto and her involvement as an investor and customer of MoonPay, a company that walks Hilton and other celebrities through NFT purchases. On Wednesday, the Miami-based startup announced Hilton wasn’t the only...
A few weeks back, my colleague Margaux MacColl wrote a story for our Weekend magazine about Paris...
Circle’s SPAC Deal Gets More Circuitous
By
Akash Pasricha
· April 12, 2022 6:28 PM PDT
Crypto Global
crypto
Circle’s SPAC Deal Gets More Circuitous
By
Akash Pasricha
· April 12, 2022 6:28 PM PDT
Circle’s road to a SPAC listing just keeps getting more circuitous. The issuer of U.S.-dollar pegged cryptocurrency USD Coin said Tuesday it had closed a $400 million private fundraising round led by prior investor Fidelity Management and Research that included new participant BlackRock and hedge fund manager Marshall Wace, an existing...
Circle’s road to a SPAC listing just keeps getting more circuitous. The issuer of...
Crypto Global
crypto
How Uniswap Labs Plans to Become a Bigger VC Investor
By
Akash Pasricha
· April 11, 2022 6:53 PM PDT
Compared to the fiery end to 2021, this year is off to a much slower pace for venture investment. My colleague Mahira Dayal covered that trend in a list of 12 charts we published today. But there’s reason to believe the story might be different for crypto startups.One data point to that effect: yet another crypto company is launching a venture...
Compared to the fiery end to 2021, this year is off to a much slower pace for venture investment....
Crypto Global
crypto
Elementus Wants to be the Google of Blockchain; Bolt Gets Serious About Crypto
By
Aidan Ryan
· April 7, 2022 6:16 PM PDT
Just like Google helps users navigate the internet, and Yellow Pages’ directories help people find businesses, Elementus CEO Max Galka thinks his startup can be the universal search engine for blockchains.“Google, in some sense, is like the Yellow Pages for the web, right?” Galka told me Thursday morning at his startup’s offices near Manhattan’s...
Just like Google helps users navigate the internet, and Yellow Pages’ directories help people...
Crypto Global
crypto
Binance’s VC Arm Wants to Raise an Outside Fund
By
Aidan Ryan
· April 6, 2022 6:19 PM PDT
As the head of Binance Labs, the venture arm of crypto exchange Binance, Bill Qian is already quite busy. Using Binance’s balance sheet, the venture team has led deals such as Wednesday’s $150 million funding round for Axie Infinity-developer Sky Mavis. But it has set its ambitions on doing much more. In a video interview from Dubai, Qian...
As the head of Binance Labs, the venture arm of crypto exchange Binance, Bill Qian is already...
Hivemapper, a Blockchain for Maps, Raises Funding; FTX Backs IEX
By
Akash Pasricha
· April 5, 2022 5:42 PM PDT
Crypto Global
crypto
Hivemapper, a Blockchain for Maps, Raises Funding; FTX Backs IEX
By
Akash Pasricha
· April 5, 2022 5:42 PM PDT
If you’re a fan of neat ways entrepreneurs are applying blockchain, this one’s for you. Hivemapper, a San Francisco-based startup, said Tuesday it raised $18 million in a Series A led by Multicoin Capital for its decentralized mapping protocol that rewards users with tokens for collecting dashcam footage. Right now, mapping platforms like...
If you’re a fan of neat ways entrepreneurs are applying blockchain, this one’s for you. ...
Crypto Global
crypto
Justin Kan on What The Axie Infinity Hack Means for Blockchain Gaming
By
Akash Pasricha
· April 4, 2022 6:50 PM PDT
Justin Kan founded Twitch for people playing video games, but his new startup, Fractal, is for people making them. On Friday, the company announced it raised $35 million in a seed round led by Paradigm and Multicoin Capital. I spoke with Kan about the startup’s strategy helping game developers mint NFTs and trade them, and about other big trends...
Justin Kan founded Twitch for people playing video games, but his new startup, Fractal, is for...
Crypto Global
crypto
The Math on Blockchain.com; a Crypto Deal 238 Years in the Making
By
Akash Pasricha
· March 31, 2022 6:12 PM PDT ·
2 comments
Blockchain.com’s new $14 billion valuation makes it one of the most highly valued crypto startups. But it could have been worth even more. The cryptocurrency exchange confirmed to The Information on Thursday that it had completed its Series D funding round at a $14 billion valuation, following a Bloomberg report. The company did not...
Blockchain.com’s new $14 billion valuation makes it one of the most highly valued crypto...
Crypto Global
crypto
Helium Becomes Nova Labs and Reaches Unicorn Status
By
Akash Pasricha
· March 30, 2022 5:18 PM PDT
Crypto’s newest unicorn is marking the occasion with a new name, but the decision is more than just a branding choice. Helium Inc., the company behind the Helium blockchain network, said Wednesday it would now be known as Nova Labs. The newly named startup announced it closed $200 million in an all-equity funding round at a $1.2 billion...
Crypto’s newest unicorn is marking the occasion with a new name, but the decision is more than...
BlockFi Security Chief on the State of Cybersecurity Hiring; Celsius Hires New CTO (Exclusive)
By
Aidan Ryan
· March 29, 2022 5:19 PM PDT
Crypto Global
crypto
BlockFi Security Chief on the State of Cybersecurity Hiring; Celsius Hires New CTO (Exclusive)
By
Aidan Ryan
· March 29, 2022 5:19 PM PDT
Security is a top concern for crypto companies, particularly as high-profile hacks and data breaches lead to billions of dollars in stolen assets. Tuesday, the Ronin Network—the blockchain protocol and network that powers the popular video game Axie Infinity—said hackers had stolen more than $600 million in one of the largest crypto hacks ever....
Security is a top concern for crypto companies, particularly as high-profile hacks and data...
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