TransferWise Reaches $3.5 Billion Valuation After Secondary Stock Sale

BlackRock and other large investment funds have acquired a $292 million stake in TransferWise, a cross-border money transfer service that has grown rapidly since launching in 2011, and is a star of Europe’s startup scene. In an announcement on Wednesday, London-based TransferWise said the stock purchase put the value of the company at $3.5 billion, […]

The Ledger: AT&T Blamed for Cryptocurrency Hacks, ‘Game of Thrones’ Meets Crypto, Barry Silbert Talks Bitcoin

Last week was blockchain week in New York, and on Wednesday I was at the Consensus conference to moderate a couple of panels, one of which was titled “Policing the Blockchain: Protecting Investors and Consumers.” It was an exciting discussion for me, because one of the panelists, Michael Terpin, had been the victim of a […]

Bitcoin: A Hedge for Trump’s China Trade War?

Global uncertainty is good for Bitcoin investors, it seems. As trade talks between the United States and China broke down earlier this month, the price of Bitcoin soared higher than it has all year. Market watchers have speculated that the cryptocurrency, commonly referred to as “digital gold,” benefited from investors’ jitters in the equities and […]

Breaking Up Facebook ‘Won’t Be Enough,’ Says Morgan Stanley Boss. Here’s His Proposal.

New York City’s just-concluded “blockchain week” was palpably more subdued than it has been in years past. (Or maybe I was just not invited back to the parties after my 2018 travelogue.) In any case, I took a brief break from the madness of the Fortune 500 issue close to drop by the Consensus conference, […]

Bitcoin Breaks $8,000, Extends Two-Week Winning Streak

Bitcoin climbed above $8,000, extending its longest winning streak since 2013 and giving fresh momentum to a cryptocurrency market that crashed only last year. Just hours after leaping 25% on Monday with no apparent explanation, the largest digital token added as much as 5.9% on Tuesday. That helped push the crypto universe’s total market value […]

The Ledger: Fin-Tech in Montauk, Binance Robbery Update, Go Away Fake Satoshi

It’s Blockchain Week in New York, and so this week’s newsletter is devoted to a special event–not the chaotic conference unfolding right now in midtown Manhattan, but a June gathering on the edge of the Atlantic ocean. It was almost two years ago when the three of us–Jeff, Jen, and Robert–first created The Ledger as […]

Bitcoin Comes to Whole Foods, Major Retailers in Coup for Digital Currency

Since its arrival ten years ago, cryptocurrency has struggled to enter mainstream commerce. This could soon change thanks to a new initiative, announced on Monday, that will reportedly see big name retailers–including Crate and Barrel, Nordstrom, and Amazon-owned Whole Foods–now accept Bitcoin and three other types of digital money. The retail initiative comes via a […]

The Ledger: Stripe’s Post-GDPR Plan, Facebook’s Crypto, Berkshire Hathaway’s Bitcoin Dis

A year ago, the European Union adopted the General Data Protection Regulation, or GDPR, a piece of legislation designed to force companies to protect people’s data. In just a few months, another data-related EU law is coming into effect: the second “payment services directive“, or PSD2. The new law, which becomes mandatory on September 14, […]