Category Archives: Cryptocurrency

NYSE operator’s crypto project Bakkt brings in $182M

The Intercontinental Exchange’s (ICE) cryptocurrency project Bakkt celebrated New Year’s Eve with the announcement of a $182.5 million equity round from a slew of notable institutional investors. ICE, the operator of several global exchanges, including the New York Stock Exchange, established Bakkt to build a trading platform that enables consumers and institutions to buy, sell, store and spend digital assets. This is Bakkt’s first institutional funding round; it was not a token sale. Participating in the round are Horizons Ventures, Microsoft’s venture capital arm (M12), Pantera Capital, Naspers’ fintech […]

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Layer1 wants to thrive in the age of the crypto crash

A year ago, crypto was reaching ever new highs, and I was talking about whether ICOs would supplant the VC funding round and warning about Kim Jong Un’s crypto trading operations. And then the world turned upside down. Crypto prices are near rock-bottom prices, with Bitcoin hanging around $4,000 and Ethereum around $113, down from their highs earlier this year of around $16,600 and $1,400, respectively. While that has put a dampener on the enthusiasm of a lot of cryptocurrency retail investors, the bigger question is how […]

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Spot is a cryptocurrency app to control all your wallets and exchange accounts

Meet Spot, a beautifully designed mobile app to control your cryptocurrencies. Spot looks like a portfolio-tracking app. But the company has built a strong foundation to add more features in the coming months. Spot wants to be your unique gateway to the world of cryptocurrencies. “Spot’s vision isn’t to build a portfolio tracker — we went a bit overboard with this feature,” co-founder and CEO Edouard Steegmann told me. “Eventually, we want to become the app to manage all your cryptos, a sort of Revolut but with […]

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Coinbase’s Earn.com becomes a crypto webinar with crypto rewards

Coinbase acquired Earn.com for at least $120 million back in April. And the company now plans to transform Earn.com into Coinbase Earn, a website with educational content to learn more about cryptocurrencies. Users who complete those classes will earn tokens. Coinbase bought Earn.com partly so that it could appoint Earn.com co-founder and CEO Balaji Srinivasan as Coinbase’s CTO. The previous iteration of Earn.com wasn’t a priority for Coinbase. Earn.com started as a service where you can contact busy people for a small fee. Busy people would get […]

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Coinbase lets you convert one cryptocurrency into another

It’s hard to believe that you still had to convert your BTC into USD in order to buy ETH on Coinbase. The company is finally adding direct cryptocurrency-to-cryptocurrency conversions. The feature works with Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX) and Bitcoin Cash (BCH). It is only available to U.S. customers for now, but the company plans to roll out the feature to other countries too. Let’s look at the fees more closely. If you live in Europe or the U.S., every time […]

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Today in brighter crypto news: SEC says tokens are securities

Crypto news got a little boost last week after a dark month of crashes, stablecoins and birthdays. The SEC ruled that two ICO issuers, CarrierEQ Inc. and Paragon Coin Inc., were in fact selling securities instead of so-called utility tokens. “Both companies have agreed to return funds to harmed investors, register the tokens as securities, file periodic reports with the Commission, and pay penalties,” wrote Pamela Sawhney of the SEC. “These are the Commission’s first cases imposing civil penalties solely for ICO securities offering registration violations.” From […]

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Tinder’s head of product has left

Tinder’s chief product officer Brian Norgard wants to get back to his entrepreneurial roots, citing former PayPal executive-turned-venture capitalist Keith Rabois as inspiration. Norgard, who joined Tinder as part of the acquisition of his Kleiner Perkins-backed ephemeral messaging startup Tappy in 2014, has confirmed to TechCrunch that he’s left the app-based dating company to focus on building products and investing in early-stage businesses. Tinder has not yet identified his successor, but Norgard says “it’s all positive vibes” between him and the company. Norgard began as Tinder’s head […]

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The corpse of Kodak coughs up another odd partnership

Kodak isn’t feeling very well. The company, which sold off most of its legacy assets in the last decade, is licensing its name to partners who build products like digital cameras and, most comically, a cryptocurrency. In that deal, Wenn Digital bought the rights to the Kodak name for an estimated $1.5 million, a move that they hoped would immediately lend gravitas to the crypto offering. Reader, it didn’t. After multiple stories regarding the future of the coin it still has not hit the ICO stage. Now […]

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DLab is a new East Coast accelerator for crypto

SOSV, a 20-year-old fund with $500 million in assets under management, has been running accelerators for years. Their oldest one, HAX, is the premier hardware accelerator in San Francisco and Shenzhen, and they’ve recently launched a food accelerator in New York and a pair of biology accelerators. Now, however, they’ve just announced DLab, a crypto accelerator that is paired with Cardano to build out distributed apps and solutions. It is led by Nick Plante, a programmer integral in drafting the JOBS Act and who co-founded Wefunder, a […]

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