Crypto Crash Widens Divide Between Rich and Amateur Traders

No cryptocurrency investor has been spared the pain of plunging prices. But the fallout from more than $700 billion in losses is far from even.

#armstrong-brian-1983, #bitcoin-currency, #careers-and-professions, #coinbase-inc, #computers-and-the-internet, #currency, #executive-compensation, #gemini-trust-co-llc, #high-net-worth-individuals, #labor-and-jobs, #layoffs-and-job-reductions, #start-ups, #unemployment, #virtual-currency, #winklevoss-cameron, #winklevoss-tyler

Elon Musk and Kraken’s Jesse Powell Shouldn’t Claim to Be Free Speech Advocates

In Silicon Valley, entrepreneurs are lauded as innovators whose vision exceeds that of ordinary mortals. Sometimes they start believing the hype.

#armstrong-brian-1983, #black-people, #coinbase-inc, #computers-and-the-internet, #discrimination, #kraken-payward-inc, #labor-and-jobs, #musk-elon, #powell-jesse-cryptocurrency-executive, #race-and-ethnicity, #silicon-valley-calif, #space-exploration-technologies-corp, #twitter, #workplace-hazards-and-violations

‘Venture Capitalists Are Going to Turn Into Vulture Capitalists,’ and Other Predictions From Andrew Ross Sorkin

The New York Times DealBook editor and Kara Swisher try to make sense of the economy.

#audio-neutral-informative, #coinbase-inc, #netflix-inc, #sorkin-andrew-ross, #stocks-and-bonds, #twitter, #united-states-economy, #virtual-currency

Inside a Corporate Culture War Stoked by a Crypto C.E.O.

Jesse Powell, who leads the crypto exchange Kraken, has challenged the use of preferred pronouns, debated who can use racial slurs and called American women “brainwashed.”

#bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #kraken-payward-inc, #layoffs-and-job-reductions, #powell-jesse-cryptocurrency-executive, #start-ups, #virtual-currency, #workplace-environment

Crypto Firms Quake as Prices Fall

Crypto companies are laying off staff, freezing withdrawals and trying to stem losses, raising questions about the health of the ecosystem.

#banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #layoffs-and-job-reductions, #start-ups, #virtual-currency

What Sheryl Sandberg’s Exit Reveals About Women’s Progress in Tech

Silicon Valley is losing one of its most visible, outspoken and powerful women. Any gains have been incremental at best.

#metoo-movement, #advanced-micro-devices-inc, #all-raise-nonprofit, #alphabet-inc, #amazon-com-inc, #apple-inc, #appointments-and-executive-changes, #autodesk-inc, #bartz-carol-a, #boards-of-directors, #brougher-fancoise, #burns-ursula-m, #california, #carta-inc, #catz-safra, #coinbase-inc, #computers-and-the-internet, #discrimination, #facebook-inc, #fiorina-carleton-s, #friar-sarah, #gadde-vijaya, #google-inc, #herd-whitney-wolfe, #hewlett-packard-enterprise-company, #hiring-and-promotion, #hood-amy, #hyman-jennifer, #instacart, #international-business-machines-corporation, #lake-katrina, #mayer-marissa, #meta-platforms-inc, #microsoft-corp, #nextdoor-com-inc, #olivan-javier, #oracle-corporation, #pao-ellen, #pinterest, #project-include, #realreal-inc, #reddit-inc, #rent-the-runway, #sandberg-sheryl-k, #simo-fidji, #social-media, #space-exploration-technologies-corp, #stitch-fix-inc, #su-lisa-1969, #twitter, #venture-capital, #wainwright-julie, #wojcicki-susan, #women-and-girls, #xerox-corporation, #yahoo-inc, #zuckerberg-mark-e

Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic

A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies.

#armstrong-brian-1983, #banking-and-financial-institutions, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #united-states-economy, #virtual-currency

Bitcoin Is Increasingly Acting Like Just Another Tech Stock

The cryptocurrency’s plunging value has mirrored losses in the Nasdaq, a benchmark that’s weighted toward tech stocks.

#bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #gold, #inflation-economics, #russian-invasion-of-ukraine-2022, #stocks-and-bonds, #virtual-currency

Everyone Has Crypto FOMO, but Does It Belong in Your Portfolio?

A growing array of investment options make it easier to put digital tokens alongside traditional investments. Here’s what to know.

#betterment-llc, #bitcoin-currency, #coinbase-inc, #content-type-service, #fidelity-investments, #gemini-trust-co-llc, #personal-finances, #retirement, #virtual-currency

It’s Hard to Tell When the Crypto Bubble Will Burst, or If There Is One

Die-hard enthusiasts, slick operators and the lure of riches have kept digital asset prices soaring. Traditional notions of value don’t apply.

#banking-and-financial-institutions, #binance, #bitcoin-currency, #blockchain-technology, #chainalysis-inc, #coinbase-inc, #contessoto-glauber, #cuban-mark, #dogecoin-project, #ethereum-foundation, #open-markets-institute, #securities-and-exchange-commission, #virtual-currency

Eric Adams Is Taking His First Paycheck in Crypto

Mr. Adams, who wants New York City to become the global capital for cryptocurrency, will have his paycheck converted into Bitcoin and Ethereum.

#adams-eric-l, #bitcoin-currency, #coinbase-inc, #miami-fla, #new-york-city, #suarez-francis-x-1977, #virtual-currency, #wages-and-salaries

The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups

Tech executives and engineers are quitting Google, Meta, Amazon and other large companies for what they say is a once-in-generation opportunity with crypto.

#amazon-com-inc, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #dorsey-jack, #entrepreneurship, #executive-compensation, #facebook-inc, #google-inc, #labor-and-jobs, #marcus-david-a, #nonfungible-tokens-nfts, #social-media, #start-ups, #virtual-currency, #wages-and-salaries

Venture Capital Funding for Crypto Companies Is Surging

It has risen more than in any other year, partly driven by the investing arms of large firms already in the crypto industry.

#blockchain-technology, #coinbase-inc, #venture-capital, #virtual-currency

How Venture Capitalists Think Crypto Will Reshape Commerce

From banking to gaming, investors are sending billions of dollars to crypto inventors who seek to disrupt industries. Here’s a look at some of those bets.

#andreessen-horowitz, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #compound-labs-inc, #computers-and-the-internet, #dapper-labs-inc, #ethereum-foundation, #nonfungible-tokens-nfts, #venture-capital

How Venture Capitalists Think Cryptocurrency Will Reshape Commerce

From banking to gaming, investors are sending billions of dollars to crypto inventors who seek to disrupt industries. Here’s a look at some of those bets.

#andreessen-horowitz, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #compound-labs-inc, #computers-and-the-internet, #dapper-labs-inc, #ethereum-foundation, #nonfungible-tokens-nfts, #venture-capital

Andreessen Horowitz’s Plan to Dominate Crypto

The Silicon Valley firm Andreessen Horowitz, whose founders played big roles in the development of the internet, aims to own a huge part of the digital currency world — and set the rules for it, too.

#andreessen-horowitz, #andreessen-marc-l, #coinbase-inc, #creative-artists-agency, #haun-katie, #horowitz-ben, #ovitz-michael, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #united-states-politics-and-government, #venture-capital, #virtual-currency

Big Hires, Big Money and a D.C. Blitz: A Bold Plan to Dominate Crypto

The Silicon Valley firm Andreessen Horowitz, whose founders played big roles in the development of the internet, aims to own a huge part of the digital currency world — and set the rules for it, too.

#andreessen-horowitz, #andreessen-marc-l, #coinbase-inc, #creative-artists-agency, #haun-katie, #horowitz-ben, #ovitz-michael, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #united-states-politics-and-government, #venture-capital, #virtual-currency

Cryptocurrency Regulators Rush To Create First Major Rules

Concerned about the potential for a digital-era bank run, the Treasury Department is working on an oversight framework for the fast-growing sector.

#andreessen-horowitz, #banking-and-financial-institutions, #bitcoin-currency, #blockfi-inc, #coinbase-inc, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #financial-stability-oversight-council, #gemini-trust-co-llc, #gensler-gary-s, #liang-nellie, #mastercard-inc, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #stablecoin, #treasury-department, #virtual-currency

Crypto’s Rapid Move Into Banking Elicits Alarm in Washington

The boom in companies offering cryptocurrency loans and high-yield deposit accounts is disrupting the banking industry and leaving regulators scrambling to catch up.

#andreessen-horowitz, #banking-and-financial-institutions, #blockfi-inc, #coinbase-inc, #federal-reserve-system, #gensler-gary-s, #powell-jerome-h, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #treasury-department, #virtual-currency, #warren-elizabeth, #yellen-janet-l

The World’s Biggest Crypto Exchange Still Lacks U.S. Footing

The founder of Binance, Changpeng Zhao, needs investors for the company’s U.S. unit after a recent venture capital deal fell through — a setback that cost him a C.E.O.

#binance, #brooks-brian-p, #california, #coinbase-inc, #gensler-gary-s, #initial-public-offerings, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #united-states, #venture-capital, #virtual-currency, #zhao-changpeng

As Scrutiny of Cryptocurrency Grows, the Industry Turns to K Street

Companies behind digital currencies are rushing to hire well-connected lobbyists, lawyers and consultants as the battle over how to regulate them intensifies.

#banking-and-financial-institutions, #biden-joseph-r-jr, #binance, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #conflicts-of-interest, #lobbying-and-lobbyists, #regulation-and-deregulation-of-industry, #ripple-labs-inc, #securities-and-exchange-commission, #trump-donald-j, #united-states-politics-and-government, #virtual-currency

We’re All Crypto People Now

Bitcoin and other cryptocurrencies have gone from curiosity to punchline to viable investment, making them almost impossible to ignore — for better or worse.

#bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #nonfungible-tokens-nfts, #virtual-currency

Gary Gensler, Wall Street’s New Watchdog, Has a Full Plate

Gary Gensler, the new S.E.C. chairman, wants to improve corporate disclosure and regulate digital assets better. But a lot awaits him already.

#archegos-capital-management-llc, #banking-and-financial-institutions, #biden-joseph-r-jr, #center-for-american-progress, #coinbase-inc, #derivatives-financial-instruments, #gensler-gary-s, #ripple-labs-inc, #securities-and-exchange-commission, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #united-states-politics-and-government, #virtual-currency

In Coinbase’s Rise, a Reminder: Cryptocurrencies Use Lots of Energy

The company’s stock market arrival establishes Bitcoin and other digital currencies in the traditional financial landscape. It also elevates a technology with astonishing environmental costs.

#bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #global-warming, #greenhouse-gas-emissions, #virtual-currency

Why Coinbase’s IPO Is a Cryptocurrency Coming-Out Party

With acceptance from traditional investors, a profitable start-up that eases transactions is offering proof of the industry’s staying power.

#armstrong-brian-1983, #banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #ethereum-foundation, #initial-public-offerings, #tesla-motors-inc, #tusk-bradley-1973, #venture-capital, #virtual-currency

Don’t Fear Cryptocurrencies. Manage Them.

The idea that regulation chills activity in new markets is intuitive, but not always accurate. Sometimes the opposite is true.

#bitcoin-currency, #coinbase-inc, #regulation-and-deregulation-of-industry, #united-states-politics-and-government, #virtual-currency

The Start-Up Enemies of Wall Street Are Booming

Times are flush for young tech companies like Stripe and Coinbase, which are having a moment as they upend the financial establishment.

#affirm-inc, #banking-and-financial-institutions, #brex-inc, #coinbase-inc, #computers-and-the-internet, #coronavirus-2019-ncov, #e-commerce, #initial-public-offerings, #mobile-applications, #mobile-commerce-and-payments, #robinhood-financial-llc, #start-ups, #stripe-inc, #venture-capital

Coinbase Users Say Crypto Start-Up Ignored Their Pleas for Help

As Coinbase prepares to be the first major cryptocurrency company to go public, it is struggling with basic customer service, users said.

#banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #customer-relations, #cyberattacks-and-hackers, #regulation-and-deregulation-of-industry, #suits-and-litigation-civil, #virtual-currency

Payments Start-Up Stripe Surges to $95 Billion Valuation

The company has benefited in the pandemic as people turn to online shopping. It is now the most valuable start-up in the U.S.

#airbnb, #coinbase-inc, #coronavirus-2019-ncov, #dublin-ireland, #e-commerce, #robinhood-financial-llc, #sequoia-capital, #start-ups, #stripe-inc, #venture-capital

From Crypto Art to Trading Cards, Investment Manias Abound

Each market frenzy seems crazier than the last. But all have the same roots.

#art, #bitcoin-currency, #coinbase-inc, #collectors-and-collections, #computers-and-the-internet, #interest-rates, #mergers-acquisitions-and-divestitures, #nonfungible-tokens-nfts, #quarantine-life-and-culture, #robinhood-financial-llc, #shoes-and-boots, #sneakers, #stocks-and-bonds, #stockx, #trading-cards, #virtual-currency

Cryptocurrency Start-Up Underpaid Women and Black Employees, Data Shows

An analysis of internal pay data at the San Francisco company Coinbase shows disparities that were much larger than those in the tech industry.

#armstrong-brian-1983, #black-people, #coinbase-inc, #corporate-social-responsibility, #discrimination, #hiring-and-promotion, #labor-and-jobs, #start-ups, #wages-and-salaries, #women-and-girls

Coinbase’s I.P.O. Has Big Potential, and Big Risks

The cryptocurrency giant’s initial public offering holds big potential — and significant risks.

#coinbase-inc, #engie-sa, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #private-equity, #special-purpose-acquisition-vehicles-spacs, #tpg-capital, #venture-capital

‘Tokenized’: Inside Black Workers’ Struggles at Coinbase

Coinbase, the most valuable U.S. cryptocurrency company, has faced many internal complaints about discriminatory treatment.

#armstrong-brian-1983, #bitcoin-currency, #black-lives-matter-movement, #black-people, #coinbase-inc, #computers-and-the-internet, #corporate-social-responsibility, #discrimination, #hiring-and-promotion, #minorities, #race-and-ethnicity, #start-ups, #venture-capital, #virtual-currency, #workplace-environment, #workplace-hazards-and-violations

To Do Politics or Not Do Politics? Tech Start-Ups Are Divided

Coinbase, Expensify, Soylent, Clubhouse and others are embroiled in a culture war over politics and the workplace.

#clubhouse-mobile-app, #coinbase-inc, #computers-and-the-internet, #corporate-social-responsibility, #entrepreneurship, #expensify-inc, #george-floyd-protests-2020, #labor-and-jobs, #presidential-election-of-2020, #silicon-valley-calif, #social-media, #soylent, #start-ups, #venture-capital, #workplace-environment