“The technologies that we are creating today will literally give us super powers,” Adam Draper told a trendily dark, shockingly empty, incredibly large conference room in the Aria Resort in Las Vegas, where World Crypto Con 2018 was being held. It was before 11 a.m. on a Thursday, and Adam was standing on stage alongside his father, the well-known venture capitalist Tim Draper (who himself is the son and grandson of venture capitalists). “We’ll probably live 200 years and I don’t know, will get from one place to another just by thinking about it,” the younger Draper enthused. “And think about like, how people from 50 years ago, if they…
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Forget environmental damage, this is the worst thing you’ll see about crypto in a long time
Just a woman in XRP underwear writhing on the steps of the New York Stock Exchange
What a bunch of weirdos humanity is. We’re all out here trying to scratch together a living, and Rachel Siegel—the woman behind a truly remarkable new video “Top Six”—is no different. As crypto money continues to bring out our bizarre instincts, Siegel produced her rewritten version of Britney Spears’ “Toxic” with a focus on the top six cryptocurrencies. “Oh / The runs and the dips / I’m holding tight / Your top six, your dipping under” The video has been making the rounds on Reddit, although Siegel explained it’s just a first attempt at building an audience with viral videos about cryptocurrency. “My thesis is: there’s no way to get a common consumer…
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Must-reads for Nov. 6, 2018: Bitfury’s billion, crypto’s energy costs, and Pomp get dumped
These are the crypto stories you should be following today
Billionaire Novogratz Invests in Cryptocurrency Firm Bitfury (Bloomberg) Mike Novogratz’s Galaxy Digital has joined Naver Group of Korea in an $80 million round of funding for Bitfury. The company “sells gear used to mine cryptocurrencies and develops blockchain technology for clients including the Ukrainian government,” notes Bloomberg’s Ruben Munsterman and Ruth David. That puts its valuation above $1 billion. “If it conducts the IPO in the next two years, Bitfury will seek a valuation of $3 billion to $5 billion,” concluded Munsterman and David. Quantification of energy and carbon costs for mining cryptocurrencies (Nature) Another day, another Nature study on the impact of cryptocurrency mining. A week ago, the…
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If cryptocurrencies traded on a physical market, this is what it would look like right now (via Wikipedia)Cryptocurrency markets get a big slap in the face
Tens of billions in value lost—here’s why
The world’s crypto markets took a collective dive, and it all started while you were sleeping. The cross-currency crash began just after 4 a.m. on Wednesday, September 5, and it touched every token you can name. At the time of this writing, Bitcoin is barely above $6,000. Ether is down 23 percent to $220. Bitcoin Cash, XRP, and Litecoin all took substantive hits. Even DogeCoin is down. Where Tuesday’s crypto market capitalization was around $240 billion, it was about $217 billion less than 24 hours later. So what’s the deal? There are two pieces of information to help us understand this drop. First, Goldman Sachs has downplayed its plans to…
