Disrupting the Dollar, Gold vs Bitcoin, Marvelous Montauk —The Ledger

On the shores of foggy Montauk, tech and finance executives gathered last week at Fortune’s Brainstorm Finance to talk about big ideas. Notably, they explored how the ethos of Silicon Valley is seeping into Wall Street, and asked whether big banks will be displaced–or if the old guard of the financial world will simply appropriate […]

Exclusive: Wells Fargo-Favored Mortgage Master Blend Raises $130 Million

Blend has raised $130 million in new venture capital funding. The cash injection likely puts the San Francisco-based fintech startup within striking distance of “unicorn” status, meaning a private valuation of $1 billion or more. The terms of the deal, including the latest valuation, were not disclosed. A source close to the deal who was […]

$11,000 and Climbing: Bitcoin Is Experiencing a ‘Fairly Extraordinary’ Bounce-Back

Bitcoin traded above $11,000 for the first time in 15 months, recouping more than half of the parabolic increase that captured the attention of mainstream investors before the cryptocurrency bubble burst last year. “The bounce-back of Bitcoin has been fairly extraordinary,” said George McDonaugh, chief executive and co-founder of London-based blockchain and cryptocurrency investment firm […]

Why Blockchain ‘Hype’ Needs to Stop

Hype–tons if it–has long infiltrated the blockchain and cryptocurrency space, and IBM blockchain general manager Marie Wieck, for one, would like it to end. “Stop the hype” with blockchain, she said at Fortune‘s Brainstorm Finance conference in Montauk, N.Y. on Thursday. Instead, she said, focus on the value proposition it brings to the table. “The […]

What’s Next in Blockchain? Ask This Teenage Engineer

A 17-year-old, brain-computer interface developer is challenging people to rethink the possibilities of blockchain by creating her own encrypted interface where people can share genetic data. Ananya Chadha–the youngest interviewee at Fortune‘s inaugural Brainstorm Finance conference in Montauk, N.Y.–told Fortune Editor-at-Large Shawn Tully that “blockchain is so powerful for things that most people forget about.” […]

Security Tokens Will Be the ‘Killer App’ of Cryptocurrency, Overstock CEO Says

Bitcoin has been around for more than a decade, yet the question still persists: “What’s the purpose of cryptocurrency?” Even though people have bought and sold billions of dollars of the stuff, it has yet to find a role in everyday life. Now, this search for the cryptocurrency world’s “killer app”–the equivalent of a transformative […]

Why Amazon Says It Won’t Be Taking on the Big Banks Anytime Soon

With Facebook announcing plans to launch Libra, a cryptocurrency, we appear to be entering in a new era of big tech wading into major financial undertakings. So, should we expect a significant move from Amazon on that front? Perhaps a digital currency of it’s own–or a push to compete with the big banks by offering […]

Tala CEO: How Facebook’s Libra Cryptocurrency Can Help Companies Scale

Facebook’s ambitious plan to release its own cryptocurrency dubbed Libra has been met with an avalanche of concern from regulators worldwide. House Financial Services Chairwoman and U.S. Rep. Maxine Waters (D.-Calif.) called for Facebook fb to pause work on Project Libra, which is slated for release next year, for further regulatory scrutiny. Markus Ferber, a […]

How Facebook’s Libra Will Turbo-Charge Its Ad Empire

Facebook has revealed the details of its Project Libra crypto coin, an ambitious plan to bring digital currency like Bitcoin to billions of people worldwide. The plan will be carried out with dozens of partners, including Uber and MasterCard, and could remake the global payment industry. But what’s in it for Facebook? For starters, Facebook […]

MoneyGram Surges 155% as Crypto Hype Feels a Bit Like 2017

MoneyGram International Inc. soared as much as 155% in early trading after a tie-up with blockchain-technology company Ripple. The rally is reminiscent of late 2017, when a wave of small-cap stocks saw valuations multiply as they re-branded as blockchain companies. The difference is that MoneyGram is an established company with about 2,400 staff and $1.4 […]