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Crypto prices suffer as Korean government announces new regs, potential ban
The South Korean government announced new legislation today that would put increasingly tough regulations on the country’s burgeoning cryptocurrency markets. Under the legislation, Korea, which is the third largest market for cryptocurrencies in the world after the U.S. and Japan, would ban anonymous accounts and continually monitor crypto exchanges. Perhaps more ominously, the Wall… Read More
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Tech in 2017: Crazy, troubled and out of control?
Questions are being asked about platform power. Regulatory rules and knives are being sharpened. Politicians are eager to point the finger of blame. And with so much tech-fueled ammunition, who can blame them? Read More
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A look at 42 women in tech who crushed it in 2017
What a challenging, exhilarating year it has been for women everywhere, starting from the women’s March on Washington to former Uber engineer Susan Fowler’s eye-opening and now famous blog post to the #metoo movement that has swept the country, washing dozens of sexual predators out of their powerful roles in the process. All the while, women in tech have been driving their… Read More
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Thank Kim Jong Un for your crypto gains
Because of heavy sanctions placed on the country for its nuclear weapons testing, North Korea has long run a series of “side businesses” like drug trafficking, endangered species trading, money laundering and currency counterfeiting to provide hard cash to the Kim regime. Naturally, bitcoin trading came next. Read More
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Long Island Iced Tea shares went gangbusters after changing its name to Long Blockchain
Want to increase company value on the open market? Just change your name to something blockchain. At least, that worked for the Long Island Iced Tea Corp after changing its name to Long Blockchain Corp. In what is the most 2017 thing ever, company shares soared by as much as 500 percent in pre-market trading this morning after the company announced the name change. Read More
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Coinbase may have given away its own Bitcoin Cash surprise
On Tuesday, when Bitcoin Cash hit Coinbase, the popular user-friendly U.S.-based exchange, cryptocurrency’s reputation as the financial wild west was on full display. While anyone following along was well aware that Coinbase planned to add Bitcoin Cash, the currency created in August’s Bitcoin hard fork, things still got weird immediately. Read More
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The rise of the crypto accelerators
As cryptocurrency fever grips the tech world, and blockchain technologies gradually become more viable, there is a new wave of accelerators and incubators appearing to service this growing ecosystem. Some are covering funding and services, some are about services only. It’s fair to assume, however, that some kinds of cryptocurrency will be changing hands, of course, not to mention the… Read More
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Coinbase halts Bitcoin Cash trading as price briefly hits $8,500
After just announcing full support for Bitcoin Cash, buying and selling on Coinbase and GDAX is temporarily disabled. For about an hour Coinbase and GDAX were both showing Coinbase Cash prices at around $8,500, which is almost three times higher than the $3,500 price it’s trading at on all other exchanges. Read More
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Coinbase now lets you buy and sell Bitcoin Cash
Coinbase has just added full support for Bitcoin Cash (BCH) – meaning you can now send, receive, buy and sell the cryptocurrency. All users will also be credited an amount of Bitcoin Cash equal to their Bitcoin balance during the hard fork that occurred August 1st, 2017. Bitcoin Cash trading will also be available on GDAX, Coinbase’s institutional-focused exchange. Update: As of… Read More
Latest Crunch Report
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Open Garden wants to give you tokens for sharing your internet connection
Open Garden launched its mesh networking platform at TechCrunch Disrupt NY 2012. Since then, the company has gone through a few iterations and found unexpected success in its Firechat offline messaging service. Now, it’s ready for the next step in its evolution. The company now wants to make it easier for anybody with an Android phone to share their Wi-Fi connections with anyone who… Read More
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Feds look to cash in seized bitcoins at record prices
Federal prosecutors are looking to unload 513 bitcoins seized as part of a drug case in Salt Lake City. Worth about $500,000 when they were seized, their worth has now ballooned to over $8.5 million — and there’s no way the feds are letting that get away. Read More
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Facebook Messaging VP David Marcus joins Coinbase board
Coinbase is growing up fast — or at least trying to. As an emblem of its current effort to accommodate the massive demand on its platform, the mainstream U.S. cryptocurrency exchange just added Facebook Vice President of Messaging Products David Marcus to its board of directors. Read More
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With markets going crypto-crazy, SEC chairman weighs in
Given the crazy run cryptocurrencies like bitcoin, ether and litecoin have been on in the last week, it was only a matter of time before the Securities and Exchange Commission weighed in. Well, now it has in the form of an open letter from SEC Chairman Jay Clayton. Read More
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Coinbase CEO: ‘Please invest responsibly’
In a Medium post, the CEO of Coinbase, one of the most popular cryptocurrency exchanges out there, is urging users to be responsible about their investments. “We also wanted to remind customers of some of the risks associated with trading digital currency,” CEO Brian Armstrong wrote. “Digital currencies are volatile and the prices can go up and down.” Read More
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Crunch Network
6 red flags of an ICO scam
With exponential growth in public interest, esoteric terminology and a lax regulatory framework, it is no surprise that some ICOs have been used to fund scams and cheat investors of their money. While nothing can compete with quality due diligence, knowing which red flags to look for in order to steer clear of scams or bad ICOs can be helpful. Read More
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The price of bitcoin has doubled in two weeks, now above $16K
Bitcoin prices are hockey-sticking on a hockey stick. The cryptocurrency’s gains Thursday morning hit new heights, striking well above $18,000 across widely varying exchanges, coming to rest above $16,000 while the popular Coinbase exchange had been suffering major issues due to “record high traffic.” Read More
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Revolut merges mobile banking with cryptocurrency trading
Revolut is merging traditional banking and cryptocurrency to let you buy, sell, trade, and hold Bitcoin, Litecoin, and Ether alongside 25 world fiat currencies. The $90 million-funded mobile banking startup is trying to erase the divide between old and new money. Revolut‘s CEO Nikolay Storonsky announced on stage today at TechCrunch’s Disrupt Berlin conference that… Read More
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SEC’s new cyber unit takes its first action to halt an initial coin offering ‘scam’
The Securities and Exchange Commission has charged Canadian crypto company PlexCorp with violating securities laws by selling up to $15 million in an initial coin offering (ICO). ICOs have seen explosive growth over the past year as fledgling companies have used them to raise more than $3 billion in capital through various cryptocurrencies. Read More
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