cryptocurrencies
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David Sacks’s new startup wants make it safer for old-guard industries to jump into crypto
SEC chairman Jay Clayton made clear today that his agency, along with the Commodity Futures Trading Commission, remains acutely concerned about initial coin offerings and crytocurrency trades. In fact, toward that end, they’re now looking for more expansive powers when it comes to protecting customers on cryptocurrency exchanges from fraud.
“When you have an unregulated… Read More
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Fools and their crypto
I believe that the token sale economy will drive the next startup revolution. Just as sites like TechCrunch, organizations like Y Combinator and the men in Dockers and fleece sweaters who populate Sand Hill Road defined (and still define) the last startup revolution, crypto will define the next one. But, as it stands, we cannot trust the participants, nor can we trust the products. Read More
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How to price cryptocurrencies
Predicting cryptocurrency prices is a fool’s game, yet this fool is about to try. The drivers of a single cryptocurrency’s value are currently too varied and vague to make assessments based on any one point. News is trending up on Bitcoin? Ethereum looking sluggish? So how do you invest? Or, more correctly, on which currency should you bet? Read More
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Researchers find that one person likely drove Bitcoin from $150 to $1,000
Researchers Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman have written a fascinating paper on Bitcoin price manipulation. Entitled “Price Manipulation in the Bitcoin Ecosystem” and appearing in the recent issue of the Journal of Monetary Economics the paper describes to what degree the Bitcoin ecosystem is controlled by bad actors. To many it’s been obvious that… Read More
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Overstock and Coinbase briefly mixed up Bitcoin and Bitcoin Cash
A glitch on Overstock’s website allowed users to send amounts of Bitcoin Cash to Overstock when the system was expecting Bitcoin, leading to drastic discounts on many items. Given that BTC is about $14,000 and Bitcoin Cash is $2,400, the mistake could have been quite costly. Originally reported by Brian Krebs, the exploit allowed you to send the required amount of BTC in Bitcoin Cash.… Read More
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Israeli serial startup stars of blockchain tech return with QEDit, a zero-knowledge proof diligence tool
Leveraging some “mind boggling math” introduced as an update onto the Ethereum blockchain only a few months ago, QEDit is launching its product on our Battlefield stage at TechCrunch Disrupt Berlin. The company, which takes its name from the Latin phrase quod erat demonstrandum (which was what would have been demonstrated) relies on the principle of zero knowledge proofs to… Read More
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How to talk about cryptocurrency at the holiday dinner table
You’re sitting down to a nice meal and your aunt, always one step ahead, mentions she wants to start investing in Bitcoin. You freeze, a drip of gravy plopping off the ladle. It’s your time to shine. You got this. First, you know that the state of crypto is very, very good. This has been a banner year for cryptocurrencies. Bitcoin rose from $738 a year ago to $8220 as of this year.… Read More
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MasterCard has filed a patent on its own blockchain-based money transfer solution
In about 2014, most bitcoin companies quickly pivoted to the “next big thing:” blockchain. Among them were the financial and fintech houses that were eager to avoid SEC scrutiny of their cryptocurrency holdings but were happy to use blockchain technology to speed up transaction times. Many of those early efforts are now apparently bearing fruit. MasterCard, for example, has just… Read More
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Build your own token sale with CoinLaunch’s CoinCreator
Building a token sale is at once quite simple and quite complex. A number of issues crop up immediately, including, but not limited to, the need for an expensive team of lawyers, marketers, social media experts and an expensive crew to build your smart contract. CoinLaunch, a project by repeat entrepreneur Reuven Cohen, aims to reduce the complexity of at least one part of the process. Read More
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The makers of the Solarin secure cellie are building a bitphone
Bitcoin-powered cellphones — basically phones that can securely hold and send cryptocurrencies — have long been a fascinating if undeveloped concept in the crypto community. When phones talk to each other using BTC or other currencies — whether it’s to pay bills or send money to friends — you open up an interesting world of commerce. Read More
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