Odds and Ends 

These are the most successful companies to emerge from Y Combinator

The round was impressive for a couple of reasons: The founders are a pair of 22-year-olds that had set out to build a virtual reality company before pivoting to payments, and they had only completed Y Combinator, a well-known Silicon Valley startup accelerator, the year prior. Today, YC has released the latest list of its most successful companies since it began backing startups in 2005. Ranked by valuation and/or market cap, Brex, sure enough, is the youngest company to crack the top 20: Airbnb: An online travel community and room-sharing…

Read More
Headlines 

Why You Need a Physical Vault to Secure a Virtual Currency

I am transfixed by the plummeting signal strength on my phone as employees of cryptocurrency exchange Coinbase close the flap of the stuffy silver tent I’m standing inside. The fabric walls enclose a cubic space about 8 feet across and contain mesh that functions as a Faraday cage, which blocks electromagnetic radiation. By the time the tent is sealed, my connection to the outside world has drained away to nothing. Now the ceremony can begin. I’m about to witness an arcane ritual intended to bewitch Wall Street and help it…

Read More
Odds and Ends 

Robinhood adds zero-fee cryptocurrency trading and tracking

No-commission stock trading app Robinhood will let you buy and sell Bitcoin and Ethereum without any added transaction fees starting in February, compared to Coinbase’s 1.5 to 4 percent fees in the US. And as of today Robinhood will let all users track the price, news, and set up alerts on those and 14 other top crypto coins, including Litecoin and Ripple. “We’re planning to operate this business on a break-even basis and we don’t plan to profit from it for the foreseeable future” says Robinhood co-founder Vlad Tenev. “The…

Read More
Odds and Ends 

Coinbase ordered to give the IRS data on users trading more than $20,000

Most digital currencies exist in a sort of twilight state just beyond the grasp of federal regulators, but the U.S. tax authority is starting to get savvy to this whole bitcoin thing. On Wednesday, a federal judge in San Francisco ruled that Coinbase must supply the IRS with identifying information on users who had more than $20,000 in annual transactions on its platform between 2013 and 2015. After noticing that the number of tax returns claiming gains from virtual currency didn’t line up with the emerging popularity of digital currencies like…

Read More
Odds and Ends 

Bitcoin breaks $3,000 to reach new all-time high

Bitcoin has reached a record high valuation of $3,000 per coin to complete a rollercoaster week that begin with the long-awaited split of the cryptocurrency. A number of exchanges, including popular destinationsCoinbase and Kraken, valued a single bitcoin at over $3,000, an all-time high that is up $485 on the valuation one month ago. Earlier this year, Bitcoin surged to surpass $2,000 for the first time in May going on to almost reach $3,000 in June only for the valuation to crash. Over the last twelve hours, bitcoins value has…

Read More
Odds and Ends 

Crunch Report | Coinbase Reverses Stance on Bitcoin Cash

Coinbase says it will support Bitcoin Cash after all but it isnt committed to trading yet Toyota takes stake in Mazda, invests more in self-driving and AI Credits Written by: Tito Hamze, John MannesHosted by: Tito HamzeFilmed by:Mitch EasonEdited by: Joe Zolnoski Notes: I dont know what to wear on Crunch Report (Its a hard decision and I suck at dressing myself). If you are a startup andwant to me to wear something mail me an XL T-shirt and Ill wear it in an episode. Im not going to mention…

Read More
Odds and Ends 

Coinbase is reimbursing losses caused by the Ethereum flash crash

Earlier this week, GDAX, the digital currency exchange run by Coinbase,experienced a flash crash in its USD Ethereum market. Within seconds the price of ETH crashed from ~$320 to as low as $0.10. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses. While many initially thought the flash crash was the result of nefarious work, GDAX eventually confirmed that there was no indication of wrongdoing or account takeover. Instead, the flash crash was the…

Read More