• Ohanian/Colbert
    Cryptocurrencies,  Innovators

    Reddit co-founder’s cryptocurrency explanation stuns Colbert audience

    Alexis Ohanian talks crypto on The Late Show

    Reddit co-founder Alexis Ohanian stepped down from his role at “the front page of the internet” earlier this year to focus on his venture fund, Initialized Capital. Changing gears from social media (of which he is generally skeptical) to investment and business development, Ohanian appeared on The Late Show with Stephen Colbert this week to sound off on everything from blockchain technology to his marriage to tennis superstar Serena Williams. Ohanian co-founded Initialized Capital in 2012, and the fund notably counts Coinbase and Instacart as some of its highest-profile investments. After Colbert made his way through fluffy pop culture interview fodder with the 34-year-old entrepreneur, he asked him about cryptocurrency.…

  • FBI
    Alt coins,  Cryptocurrencies,  Media,  People

    Victim of $2 million livestreamed theft claims FBI involvement, responds to allegations

    Ian Balina seems to be having a rough week and some are now making big accusations

    We love a good heist story. But there’s a big difference between the Icelandic heist where $2 million in mining rigs were stolen and the story from Monday where a single crypto YouTuber named Ian Balina lost $2 million to hackers. “I’ll be ready to talk when the criminal has been arrested,” he told Modern Consensus Tuesday. “We have identified who did it and this is a lot bigger than me. Other big names in crypto have been hacked by this criminal. Currently working with FBI, that’s all that I can say.” A representative from the FBI field office in New York City could not confirm they were investigating the…

  • As crypto prices fall, traders train each other to stop suicides (via Shutterstock)
    Bitcoin,  Cryptocurrencies,  Innovators

    The Last Crash: As crypto prices fall, traders train each other to stop suicides

    A Facebook group admin finds himself going from trading advice to trying to save lives

    Four years ago, Autumn Radtke was an American living in Singapore. At just 28 years old, she was CEO of one of the earliest crypto exchanges, First Meta. In a corner of the tech world where few women are prominent, she was making a name for herself.   On February 25, 2014, the website for the Mt. Gox exchange suspended all trading as news emerged that 744,408 bitcoins—worth more than $400 million at the time—were stolen in Japan. The news depressed crypto markets around the world. A day later, police discovered Radtke’s body. As was later reported, she had googled suicide methods, found which one she thought was most effective,…

  • Bill Gates
    Innovators

    Bill Gates trashes cryptocurrencies yet his foundation uses Ripple

    The billionaire technologist doesn’t understand crypto, say people who think they understand crypto

    Bill Gates, the famed technologist-turned-world-savior took some time off from delivering toilets to the Third World to conduct a Reddit AMA interview this week. He reminisced on his early days at Microsoft. He threw in his two cents on how automation will affect the future of work (he’s pro-automation). And he surely took a moment to address cryptocurrency. “What’s your opinion on cryptocurrencies?” writes Reddit user Askur1337 in language that’s just about as neutral as you can get. Gates surely cracked his knuckles before typing back a critical paragraph. “The main feature of cryptocurrencies is their anonymity. I don’t think this is a good thing,” wrote the Microsoft cofounder. “The…