Just as blockchain technology is shaking up the startup space, it’s also revamping the way venture capital firms invest in emerging companies. Over the last year and a half, startups have raised nearly $ 4 billion through initial coin offerings, or ICOs, which are a kind of unregulated fundraising technique involving the creation of new digital tokens, or units of value. Venture capitalists have been wanting a piece of the action. Enter the Simple Agreements…"Here’s what you need to know about SAFTs — the cryptocurrency fundraising craze that’s shaking up venture capital"
Jamie Dimon has been a vocal critic of bitcoin since its earliest days, but his most recent comments have ignited a conversation about digital currencies on Wall Street. Two of the bankers’ main arguments against the cryptocurrency are that it is in a bubble, and it will ultimately be “crushed” by governments. We spoke with experts in the cryptocurrency space to examine those two critiques. They said bitcoin’s underpinning blockchain technology can’t be easily jeopardized…"We asked cryptocurrency experts to respond to Jamie Dimon’s bitcoin bashings — here’s what they said"
Earlier this month, the MIT Technology Review posted an article that asked “What the hell is an initial coin offering?” When befuddlement emanates from the Massachusetts Institute of Technology, arguably the world’s foremost grantor of geek cred, you know you are in truly new territory. Here’s what it is: An initial coin offering, or ICO, is a fundraising mechanism based on a “cryptocurrency,” such as bitcoin. An ICO can launch a whole new cryptocurrency (there…"Here’s how the ICO market is creating a new financial subculture"
Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. Global markets are mostly red. Janet Yellen will speak at the National Association for Business Economics conference. Brent oil is falling off two-year highs. Here’s Lutz: Good Morning! US Futures are mixed, as Nasdaq finally catches a bid as the Cloud names jump on RHT numbers – Globally, we are seeing the Haven bid unwinding slightly, with Gold, Swissie, Yen and Govvie…"Here’s a super-quick guide to what traders are talking about right now"
At first glance, Mario’s Gourmet Deli, a New York City bodega on the corner of West 106th Street and Amsterdam Avenue, looks like a regular corner store. But inside there’s an ATM that gives folks access to what some view as the future of payments and finance: bitcoin. The recently installed ATM was featured in a New Yorker piece by Ian Parker, who described it as a “machine with the body of a regular ATM…"I bought bitcoin at a deli — here’s how it works"
Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. US markets are in the green Tuesday morning, boosted by a tech rebound. The rest of the world is mostly in the red. Oil and copper are higher while gasoline is lower. Here’s Lutz: Morning! US Futures are up small, led by Tech rebounding 15bp – Gold, Yen, Swissie all remain elevated near y’days highs tho as peeps digest the DACA headlines impact…"Here’s a super-quick guide to what traders are talking about right now"
Right before I sat down to write this 10th Man, I read a New York Times article about how people are getting their identities stolen via their phone number. The one thing all these people had in common? They were vocal on social media about investing in bitcoin. They got hacked—and their bitcoins disappeared. In some cases, seven figures’ worth. That seems less secure than having gold or cash in your safe at home, buried…"Here’s why bitcoin could be illegal someday"
Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. US Markets are slipping. Trump threatened to shut down the government over his border wall. The Mexican peso is lower. Natural gas is retreating. Here’s Lutz: Good Morning! US Futures are retracing some of yesterday’s gain, with Russell down 30bp and S&P off 20bp as LOW and LZB will be weighing on Home Retail. Euro exchanges are trading around unchanged, with the…"Here’s a super-quick guide to what traders are talking about right now"
Bitcoin power brokers were unable to come behind a single solution that would have preserved a unified cryptocurrency by Tuesday morning’s deadline. As such, the digital currency has officially forked and split in two: bitcoin cash and bitcoin. Bitcoin cash is a fork of the bitcoin system: It’s a new software that has all the history of the old platform — the main difference being it will have 8 megabyte blocks instead of 1 megabyte…"Bitcoin might split again — here’s what you need to know"
This story was delivered to BI Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. Bitcoin has recovered somewhat from the drop in value seen last Sunday, with the price of the cryptocurrency reaching $ 2,701 at the time of this writing. The stabilization seems to be the result of Bitcoin miners reaching an agreement on the enactment of the Bitcoin Improvement Proposal. This agreement means the avoidance of a user-activated softfork (UASF), the possibility of which caused significant unease…"Here’s why Bitcoin is rebounding"