Exclusive: With Nvidia’s Help, Revenue Surges at Smaller Cloud Providers
Read more
Crypto Global
crypto
Policy Is a Priority for Coinbase; Paradigm’s Exits
By
Aidan Ryan
· Feb. 22, 2023 4:53 PM PST
Coinbase CEO Brian Armstrong has one big priority this year: Policy. As I wrote last week, regulators are increasingly cracking down on crypto in the wake of the FTX blowup. Recently, that has included actions to rein in stablecoins and staking. In a letter to shareholders on Tuesday, Coinbase said that it expects 2023 to be a year of “...
Coinbase CEO Brian Armstrong has one big priority this year: Policy. As I wrote last week,...
Crypto Global
crypto
Regulators Take a Big Swing at Crypto—and Executives Vow to Fight Back
By
Aidan Ryan
· Feb. 15, 2023 3:00 PM PST ·
3 comments
Here come the regulators. Right after I was last in your inbox, the crypto exchange Kraken announced it would shut down its staking services in the U.S. It also agreed to a $30 million settlement with the Securities and Exchange Commission over its staking services, which the agency alleged was offered and sold as an unregistered security....
Here come the regulators. Right after I was last in your inbox, the crypto exchange Kraken...
Crypto Global
crypto
Robinhood’s Post-FTX Bump Turned Out to Be Short Lived
By
Aidan Ryan
· Feb. 8, 2023 4:29 PM PST
Robinhood’s crypto trading business got a boost from the implosion of FTX in November, but it turned out to be very short lived. As we’d reported at the time, Robinhood’s crypto trading volume surged 60% from October to November, which likely reflected former FTX customers moving over to Robinhood’s app. But the question was how much of...
Robinhood’s crypto trading business got a boost from the implosion of FTX in November, but it...
Stripe’s Ill-Timed Crypto Re-Entry; SBF Needs to Stay Off Signal
By
Aidan Ryan
· Feb. 1, 2023 4:13 PM PST ·
1 comment
Crypto Global
crypto
Stripe’s Ill-Timed Crypto Re-Entry; SBF Needs to Stay Off Signal
By
Aidan Ryan
· Feb. 1, 2023 4:13 PM PST ·
1 comment
My colleagues have been busy covering the latest at payments giant Stripe, which is in talks with existing investors that include Joshua Kushner’s Thrive Capital to raise $3 billion. Those talks are likely to value Stripe at $55 billion to $60 billion—a far cry from the $95 billion valuation it landed in its last funding round in early...
My colleagues have been busy covering the latest at payments giant Stripe, which is in talks with...
Crypto Global
crypto
How Crypto Deal Activity Could Pick Up Soon; Gemini and DCG’s Latest Woes
By
Aidan Ryan
· Jan. 25, 2023 3:59 PM PST
The crypto crash of 2022 led several companies to fall and file for bankruptcy. That could lead to more dealmaking in the coming months.On the venture side, a slew of startup stakes will soon be up for grabs from bankrupt crypto firms Three Arrows Capital and FTX. Akash and I reported on Friday that Three Arrows is gearing up to sell off its...
The crypto crash of 2022 led several companies to fall and file for bankruptcy. That could lead...
Crypto Global
crypto
The DOJ’s Bitzlato Buzzkill; Genesis Teeters Toward the Edge
By
Aidan Ryan
· Jan. 18, 2023 4:38 PM PST
So, how about that DOJ presser? The U.S. Department of Justice promised a “major, international cryptocurrency enforcement action” on Wednesday, prompting speculation that it might announce news related to the crypto exchange Binance (which it has reportedly been investigating for its compliance with U.S. anti-money laundering laws and sanctions...
So, how about that DOJ presser? The U.S. Department of Justice promised a “major, international...
Crypto Global
crypto
Gemini’s Blind Spot; What’s on Coinbase’s Chopping Block
By
Aidan Ryan
· Jan. 11, 2023 3:20 PM PST
The Gemini-Genesis battle has reached a boiling point.Cameron Winklevoss, the Gemini co-founder and president, published an open letter Monday that called for the Digital Currency Board to remove CEO Barry Silbert from his post and had a scathing assessment of the financial health of Genesis, DCG’s crypto lending subsidiary.
The Gemini-Genesis battle has reached a boiling point.Cameron Winklevoss, the Gemini co-founder...
Is Web3 Still Trending?; Polkadot’s Bold Statement
By
Aidan Ryan
· Jan. 4, 2023 2:30 PM PST ·
1 comment
Crypto Global
crypto
Is Web3 Still Trending?; Polkadot’s Bold Statement
By
Aidan Ryan
· Jan. 4, 2023 2:30 PM PST ·
1 comment
With the industry in a definitive crypto winter (for more on the 2022 chaos, read Akash’s retelling in last week’s newsletter), one notable casualty has been the term Web3 itself. The buzzword, which refers to the vision of a third generation, decentralized internet, had spread like wildfire and came to serve as shorthand for describing...
With the industry in a definitive crypto winter (for more on the 2022 chaos, read Akash’s...
Crypto Global
crypto
The Year That Crypto Shattered
By
Akash Pasricha
· Dec. 28, 2022 1:52 PM PST
It really has been a monstrous year for crypto. The sector climbed to stunning heights with check sizes swelling beyond comprehension. But now, a string of blowups—and crypto’s once-wunderkind Sam Bankman-Fried charged with wire fraud and money laundering—have plunged markets into a cold and bitter crypto winter. The story of 2022 can be...
It really has been a monstrous year for crypto. The sector climbed to stunning heights with check...
Crypto Global
crypto
OpenSea CEO Devin Finzer on the Future of NFTs and Surviving the Downturn
By
Aidan Ryan
· Dec. 21, 2022 2:19 PM PST
At the center of the NFT boom earlier this year was OpenSea, the NFT marketplace that has been the go-to shop for buying and selling NFTs. The company announced a $300 million Series C round in January, notching a $13.3 billion valuation. But since then, trading volumes have dropped more than 90% amid a bear market that has also seen a...
At the center of the NFT boom earlier this year was OpenSea, the NFT marketplace that has been...
Crypto Global
crypto
Binance and Coinbase CEOs Go on the Defensive
By
Aidan Ryan
· Dec. 14, 2022 3:03 PM PST
Top executives at Binance and Coinbase have been busy penning messages to reassure their employees and customers that they’re no FTX.Binance CEO Changpeng Zhao told his staff that he expects the “next several months to be bumpy” but Binance will get through it and be “stronger for having been through it,” according to a Bloomberg report.
Top executives at Binance and Coinbase have been busy penning messages to reassure their...
Robinhood’s Crypto Trading Surges After FTX Meltdown—Boding Well for Coinbase
By
Aidan Ryan
· Dec. 7, 2022 2:27 PM PST
Crypto Global
crypto
Robinhood’s Crypto Trading Surges After FTX Meltdown—Boding Well for Coinbase
By
Aidan Ryan
· Dec. 7, 2022 2:27 PM PST
Signs are emerging that FTX’s dramatic collapse last month has benefited other major crypto trading platforms—at least in the short term. One example is stock and crypto trading app Robinhood, which reported November trading metrics on Wednesday. Most of the data it reported were similar to its October figures, with total funded accounts...
Signs are emerging that FTX’s dramatic collapse last month has benefited other major crypto...
Crypto Global
crypto
What’s Next for Aptos and Mysten; CeFi Beats DeFi in Filling FTX Hole
By
Aidan Ryan
· Nov. 30, 2022 4:24 PM PST
It’s hard to write about much in crypto right now without mentioning FTX. In just three years, the exchange spread influence—and money—far and wide. And its sudden implosion has created a massive vacuum. I reported on Tuesday about how FTX Ventures’ role as a significant player in crypto investments leaves its portfolio companies in limbo....
It’s hard to write about much in crypto right now without mentioning FTX. In just three years,...
Crypto Global
crypto
Bankruptcies Boost Analytics Startups—For Now; Sequoia’s Black Eye
By
Aidan Ryan
· Nov. 23, 2022 1:00 PM PST
The FTX collapse has left many customers in limbo, with billions of dollars stuck on the bankrupt exchange. And contagion has been spreading to firms including BlockFi and Genesis, as I mapped out last week. But high-profile implosions have been good for business in one corner of the crypto world: The analytics firms that are helping...
The FTX collapse has left many customers in limbo, with billions of dollars stuck on the bankrupt...
Crypto Global
crypto
What the FTX Crash Means for VCs and Startups
By
Aidan Ryan
· Nov. 16, 2022 4:42 PM PST ·
1 comment
The FTX saga continues to move at a blistering pace, with FTX, FTX US and Alameda Research all filing for Chapter 11 bankruptcy last Friday and Sam Bankman-Fried, its co-founder, resigning as CEO. We're starting to see the contagion of the FTX collapse spread to crypto lending companies including BlockFi and Genesis, both of which have halted...
The FTX saga continues to move at a blistering pace, with FTX, FTX US and Alameda Research all...
The (Swift) Rise and Fall of the FTX Empire
By
Aidan Ryan
· Nov. 9, 2022 4:40 PM PST ·
1 comment
Crypto Global
crypto
The (Swift) Rise and Fall of the FTX Empire
By
Aidan Ryan
· Nov. 9, 2022 4:40 PM PST ·
1 comment
It’s often casually thrown around that crypto moves faster than other industries. That has never been more evident than it was over the past few days.In case you’ve been living under a rock, Sam Bankman-Fried’s FTX crypto empire has fallen. On Tuesday, the world’s largest crypto exchange, Binance, signed a letter of intent to acquire FTX, a...
It’s often casually thrown around that crypto moves faster than other industries. That has never...
Crypto Global
crypto
Robinhood’s Crypto Doldrums; NFT Fyre Festival
By
Aidan Ryan
· Nov. 2, 2022 4:35 PM PDT ·
1 comment
Robinhood’s latest financial results show that the crypto winter isn’t thawing anytime soon, at least when it comes to trading.The stock and crypto trading app generated $361 million in revenue in the third quarter, essentially flat versus the same period last year. Crypto trading revenue was flat too, coming in at $51 million. Overall...
Robinhood’s latest financial results show that the crypto winter isn’t thawing anytime soon, at...
Crypto Global
crypto
Is AI Stealing Web3’s Thunder?; The Most Promising Crypto Startups
By
Aidan Ryan
· Oct. 26, 2022 1:00 PM PDT
“In Silicon Valley, crypto and the metaverse are out. Generative AI is in,” the New York Times technology columnist Kevin Roose proclaimed last week, joining other industry watchers in weighing in on what’s top of mind for those who control the Silicon Valley war chests. But are crypto investments really out of style?It’s a tempting claim to...
“In Silicon Valley, crypto and the metaverse are out. Generative AI is in,” the New York Times...
Crypto Global
crypto
Inside The Bitcoin Mining Squeeze; Slow Start for Aptos
By
Aidan Ryan
· Oct. 19, 2022 3:05 PM PDT
Until this year, much of the crypto world had been focused on profiting from the boom in crypto prices. Now, some big investors are looking for ways to make money from the crash. A 60% drop in bitcoin prices this year, along with the increasing difficulty of mining the cryptocurrency, has hurt miners—especially those that borrowed money to...
Until this year, much of the crypto world had been focused on profiting from the boom in crypto...
What’s Behind Crypto’s Confusing Week of Breakthroughs and Setbacks
By
Akash Pasricha
· Oct. 12, 2022 1:30 PM PDT
Crypto Global
crypto
What’s Behind Crypto’s Confusing Week of Breakthroughs and Setbacks
By
Akash Pasricha
· Oct. 12, 2022 1:30 PM PDT
If you spend any time on crypto Twitter, you’ve probably seen this expression pop up: “We’re still so early!” It’s a phrase that sums up all the sector’s craziness—hacks and other problems come with the territory, while industry “firsts” on mainstream adoption are seen as big signals for what’s to come. Well, this week’s news cycle—a set of...
If you spend any time on crypto Twitter, you’ve probably seen this expression pop up: “We’re...
« First
‹ Prev
1
2
3
4
5
6
…
Next ›
Last »
Join now to read full stories
Get Started