‘This is the angriest I’ve ever been’: 24-year-old astrologer lost $440,000 by day trading crypto and now lives on credit card debt. Caleb Hammer responds Personal finance YouTuber Caleb Hammer has seen it all — from models who just want to “spend, spend, spend” to 40-year-olds who outright refuse to work. But one of the … Read more
Jonathan Raa | Nurphoto | Getty Images Crypto had a big bounceback year in 2023. Now, venture investors are returning. Venture funding for crypto-related companies in the fourth quarter of 2023 totaled $1.9 billion, a 2.5% increase from the prior quarter, PitchBook said Thursday. It marks the first time that venture VC investments in crypto … Read more
The global venture capital market is enduring a long period of limited exits. Startups are staying private longer, M&A is quiet in part due to sharpened regulatory oversight, and the IPO market remains frozen. This means many historical venture deals are slowly rotting on the vine, in IRR terms. The crypto market is no different, … Read more
An image of bitcoin and U.S. currencies is displayed on a screen during the Interpol World Congress in Singapore on July 4, 2017. Roslan Rahman | AFP | Getty Images Cryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI reading. Bitcoin was down 3% to $48,535.17, according to Coin Metrics. The day … Read more
The long-awaited launch of bitcoin spot ETFs in the United States this year helped engender a wave of optimism that the value of the well-known cryptocurrency would quickly appreciate. The logic was simple: With an easy, low-cost avenue now available for regular investors to purchase bitcoin, the supply-demand curve would shift and the value of … Read more
Don’t care about cryptocurrency? Think if you don’t buy Bitcoin, the whole thing doesn’t affect you? Think again. Globally, crypto mining uses as much electricity as the Netherlands. All that energy use has serious climate implications. And studies have shown it could be raising the price you pay for electricity at home. Exactly how much … Read more
The book traces the following thesis: At first, the internet was open, but limited. Private companies brought interactivity to the web and grew fat on the proceeds, but that made it difficult for users to leave their networks and for competitors to enter the market. The concentration of power in the hands of Big Tech … Read more
“It’s the single best time to invest in [crypto] companies,” according to 10T Holdings and 1RoundTable Partners’ CEO, Dan Tapiero. Crypto reporter Jacquelyn Melinek has the inside scoop on why his firm is taking the long view to ride out the volatility of the web3 landscape as it raises its fourth fund. Full TechCrunch+ articles … Read more
When WIRED reached out to Tether Holdings—the company that issues the stablecoin that shares its name—it responded in a statement following publication of this article that “Tether proactively collaborates with global law enforcement agencies to identify and prevent illicit use of” its cryptocurrency, adding that its “commitment to the highest standards of compliance is evident … Read more
The U.S. District Court for the Eastern District of New York stands in the Brooklyn borough of New York City on Jan. 18, 2019. Drew Angerer | Getty Images Federal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of more than $150 million in a crypto fraud scheme. Prosecutors … Read more