Exclusive: With Nvidia’s Help, Revenue Surges at Smaller Cloud Providers
Read more
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...
Helium Becomes Nova Labs and Reaches Unicorn Status
By
Akash Pasricha
· March 30, 2022 5:18 PM PDT
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...
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...
Crypto Global
crypto
How a NFT-Backed Loan Startup Is Like a Pawn Shop; Biden’s Crypto Plan
By
Aidan Ryan
· March 28, 2022 5:27 PM PDT
Gabe Frank, the co-founder and CEO of NFT-backed loan provider Arcade, likens his startup to the pawn shops, owned by his dad in El Paso, Texas, that he worked at growing up.“What they do is they enable liquidity, they take custody of the asset, they make a loan. If the borrower doesn't come back, then the pawn shop keeps the asset and they can...
Gabe Frank, the co-founder and CEO of NFT-backed loan provider Arcade, likens his startup to the...
Crypto Global
crypto
Larry Ellison’s Sailing League to Form a DAO With Blockchain Protocol
By
Aidan Ryan
· March 24, 2022 5:37 PM PDT
People are still figuring out what to do with DAOs, the decentralized autonomous organizations that typically allow members to vote on proposals through the number of crypto tokens they hold. Some are social clubs, others buy land, and some venture capitalists are using them to mingle with founders. Now an international sailing league co-founded...
People are still figuring out what to do with DAOs, the decentralized autonomous organizations...
Cowen’s Crypto Launch Highlights Growing Role of Crypto Custodian Startups
By
Akash Pasricha
· March 23, 2022 5:45 PM PDT
Crypto Global
crypto
Cowen’s Crypto Launch Highlights Growing Role of Crypto Custodian Startups
By
Akash Pasricha
· March 23, 2022 5:45 PM PDT
Every week, Wall Street warms up a little more to crypto. On Wednesday, New York investment bank Cowen Inc. launched a digital assets arm dubbed Cowen Digital to trade 16 different cryptocurrencies on behalf of its clients. It tapped its former head of derivatives sales and trading, Drew Forman, to run the group. And like a growing number of...
Every week, Wall Street warms up a little more to crypto. On Wednesday, New York investment bank...
Crypto Global
crypto
FTX’s New Gaming Exec Aims to Develop ‘Crypto as a Service’ for Publishers
By
Aidan Ryan
· March 22, 2022 5:39 PM PDT
Steve Sadin, the former vice president and studio head at WB Games Boston, joined FTX earlier this month to lead gaming partnerships for the fast-growing crypto exchange. I spoke to Sadin via Zoom about the news Tuesday that FTX’s U.S. affiliate was buying Good Luck Games, the publisher of digital card game “Storybook Brawl.”Sadin said one of...
Steve Sadin, the former vice president and studio head at WB Games Boston, joined FTX earlier...
Crypto Global
crypto
Compound Labs CEO on How Interest Rate Hikes Will Buoy Crypto Lending
By
Aidan Ryan
· March 21, 2022 5:25 PM PDT
Federal Reserve interest rate hikes should do more than just raise the costs of credit card loans. They should also boost investors’ demand to earn money from lending their crypto holdings to other investors. Crypto lending, or yield farming, is already a booming activity offered by startups specializing in decentralized finance. It’s also...
Federal Reserve interest rate hikes should do more than just raise the costs of credit card...
Crypto Global
crypto
A Deeper Look at Gemini’s Investment Strategy; Inside The Crypto-Crazed SXSW
By
Aidan Ryan
· March 17, 2022 4:20 PM PDT
In case you missed it, my story today shows the increasing number of crypto companies that have launched VC arms. Out of the top 25 most valuable crypto companies, 20 have made at least one investment and 15 have launched or plan to launch venture arms to make investments in other startups. Just in the past year, eight of the 15 companies...
In case you missed it, my story today shows the increasing number of crypto companies that...
Ripple to Give Out $794 Million of Tokens for Developers; Recapping Yuga Labs’ Big Year
By
Aidan Ryan
· March 16, 2022 6:03 PM PDT
Crypto Global
crypto
Ripple to Give Out $794 Million of Tokens for Developers; Recapping Yuga Labs’ Big Year
By
Aidan Ryan
· March 16, 2022 6:03 PM PDT
Ripple will give out 1 billion of its XRP tokens as grants for developers to create projects based on its payments-oriented distributed ledger, the company’s representatives told The Information. Based on the value of the digital currency, XRP, that translates to $794 million in tokens, which Ripple says it will disperse over the next 10...
Ripple will give out 1 billion of its XRP tokens as grants for developers to create ...
Crypto Global
crypto
ConsenSys’s MetaMask Growth Drives $7 Billion Valuation
By
Akash Pasricha
· March 15, 2022 6:18 PM PDT
To anyone wondering if the months-long crypto slump that tanked token prices is holding back investments in blockchain startups, ConsenSys’s whopping $450 million Series D fundraising, at a $7 billion post-money valuation, provides a partial answer.The New York company more than doubled its valuation since its previous funding round in November,...
To anyone wondering if the months-long crypto slump that tanked token prices is holding back...
Crypto Global
crypto
FTX Ventures’ Amy Wu on Startup Valuations and Rate Hikes; Stellar Foundation Backs Early Stage Startups
By
Akash Pasricha
· March 14, 2022 6:20 PM PDT
The Federal Reserve is expected to raise the federal funds target rate this week by a quarter percentage point, from 0%-0.25%, and major banks have forecast it will steadily raise rates to as high as 2% this year. One way of valuing companies, using discounted cash flows, suggests these rising rates should compress private valuations even among...
The Federal Reserve is expected to raise the federal funds target rate this week by a quarter...
Crypto Global
crypto
LimeWire Adds to Brands Launching NFT Efforts; Stripe Digs Deeper into Crypto
By
Aidan Ryan
· March 10, 2022 4:44 PM PST
One main takeaway from my conversation with Volition Capital founding partner and GameStop board member Larry Cheng—published in yesterday’s edition of Crypto Global—is that a strong sense of community is vital to successful NFT initiatives. “You either have to have a very engaged community or you have to have the capacity to build one,” he...
One main takeaway from my conversation with Volition Capital founding partner and GameStop board...
Volition Capital’s Larry Cheng Is Coming Around to Crypto; Bain’s Botched Announcement
By
Aidan Ryan
· March 9, 2022 4:20 PM PST
Crypto Global
crypto
Volition Capital’s Larry Cheng Is Coming Around to Crypto; Bain’s Botched Announcement
By
Aidan Ryan
· March 9, 2022 4:20 PM PST
At this point, it feels like a new venture fund dedicated to crypto is launching every week. But not all investors are completely on board yet. Larry Cheng, a founding partner of 12-year-old Volition Capital and an early investor in pet company Chewy, told me he started out as a real skeptic about the crypto and Web3 sectors. But after...
At this point, it feels like a new venture fund dedicated to crypto is launching every week. But...
Crypto Global
crypto
Bain Capital Ventures Launches Crypto Fund; Crypto Meets Drug Development
By
Akash Pasricha
· March 8, 2022 5:48 PM PST ·
1 comment
Another week, another gigantic crypto fund. Bain Capital Ventures (BCV) is the latest to join the fray, unveiling a $560 million fund on Tuesday dedicated to crypto investments. The new fund brands itself as Bain Capital Crypto (BCC), separate from BCV, which is a limited partner in the new fund. The crypto fund has backed 12 startups to...
Another week, another gigantic crypto fund. Bain Capital Ventures (BCV) is the latest to join the...
Crypto Global
crypto
FTX’s European Expansion by the Numbers; Another Mega NFT Startup Valuation
By
Akash Pasricha
· March 7, 2022 5:44 PM PST
FTX is expanding into Europe. The cryptocurrency exchange, which ranks as the third largest globally based on daily spot-trading volume, opened its trading platform to Europe on Monday. To learn why FTX is heading to Europe despite the current geopolitical climate, I calculated how big this market could be for the company.
FTX is expanding into Europe. The cryptocurrency exchange, which ranks as the third largest...
Crypto Global
crypto
The Big Deal Over Staking-Startup Lido; Serena Williams’ Diversity-Driven $111 Million Fund
By
Akash Pasricha
· March 3, 2022 6:45 PM PST
On Thursday, Andreessen Horowitz announced it was investing $70 million in Lido, a startup that makes money “staking” for blockchain protocols. What’s noteworthy is that Andreessen Horowitz did this deal alone, a sign of its confidence. So we decided to break down the business model.The situation: Many newer blockchains rely on a process called...
On Thursday, Andreessen Horowitz announced it was investing $70 million in Lido, a startup that...
The Ukraine Lawyer Trying to Freeze Russians’ Crypto Wallets
By
Aidan Ryan
· March 2, 2022 6:03 PM PST
Crypto Global
crypto
The Ukraine Lawyer Trying to Freeze Russians’ Crypto Wallets
By
Aidan Ryan
· March 2, 2022 6:03 PM PST
Ukraine’s embattled government has called on crypto exchanges to block Russian users from using their crypto wallets to try to evade global sanctions. To find out how that effort is working, I talked to a Ukrainian lawyer who has been helping collect information about the crypto assets of Russian politicians.“This is our personal war, because,...
Ukraine’s embattled government has called on crypto exchanges to block Russian users from using...
« First
‹ Prev
1
2
3
4
5
6
7
8
9
…
Next ›
Last »
Join now to read full stories
Get Started