While I’m the first to say the National Urban League and many of my colleagues in the field are doing great work, too many companies are relying on us alone to change the world.
Really stupid “smart contract” bug let hackers steal $31 million in digital coin
Company says it has contacted the hacker in an attempt to recover the funds. Good luck.
Square is changing its name to Block
The fintech giant Square is changing its name to Block, effective December 10. The name change, which has been in the works for over a year, is intended to house the company’s various products — including music streaming service Tidal, Cash App, TBD, and of course, Square — under one brand. This announcement comes just […]
DAOs as the future? Hard pass, thanks
While the problems DAOs might solve are real, DAO proponents misunderstand the nature of these problems and offer a tool that creates more harm than benefit.
Coinbase acqui-hires team behind BRD crypto wallet
As crypto proponents look to onboard a new generation of users, one of the major consumer onramps has been a host of consumer wallet apps with slick interfaces. Today, Coinbase announced that it is bringing on the team from BRD — a crypto wallet startup that first launched its mobile wallet back in 2014. While […]
TabTrader raises $5.8M for a mobile app that aggregates crypto exchange data
As many of the top cryptocurrencies seem to temporarily stabilize near all-time highs, users looking to speculate on tokens that are a bit more volatile are searching across exchanges to find deals. Amsterdam-based startup TabTrader has been capitalizing on this search with a platform that aggregates prices and token availability across dozens of exchanges. While […]
NFT music rights startup Royal banks $55M investment led by a16z Crypto
Less than three months after announcing a $16 million seed round led by Founders Fund and Paradigm, NFT music rights startup Royal has raised another major bout of funding, banking a $55 million Series A from Andreessen Horowitz’s crypto investment arm. The startup partners with musicians and allows users to buy NFTs which represent collective […]
Congress must clarify how the infrastructure bill will impact cryptocurrency
The crypto tax element of the $1 trillion U.S. infrastructure bill is not clearly written, and the government risks squashing a burgeoning part of the economy.
Will DAOs revolutionize media or just create playgrounds for the rich?
Over the past few weeks a virtual flash mob called the ConstitutionDAO, with thousands of cryptocurrency fans, crowdfunded almost $45 million to buy a copy of the U.S. Constitution. Although they lost the auction, they had already spun up a line of sweatshirts, emblazoned with emojis, distributed by the newsletter company MorningBrew. The plan? Purchase […]
As crypto unicorns multiply, the US stands out as ground zero for blockchain winners
The market for crypto-focused investing is growing rapidly. News that Paradigm put together a $2.5 billion fund the other day is a reminder of the scale of funds now available to startups looking to build on the blockchain. Andreessen Horowitz has a mega-fund in the market as well, while Coinbase Ventures is setting a blistering […]