Bitcoin Archive

Watch all six episodes of our series Trust Disrupted: Bitcoin and the Blockchain

Our latest video series explores the world of bitcoin and the blockchain, and you can now watch all six episodes on YouTube and TechCrunch.com. The series features Nathaniel Popper, a New York Times reporter and the author of the book on which the series is based, along with several bitcoin developers, influencers and scholars tracing the history of bitcoin and analyzing its future. Episode 1 seeks to explain …

A kid held up a sign with his Venmo ID on ESPN and thousands of people sent him money

Each Saturday during the college football season ESPN hosts College GameDay, an pre-game show with a bunch of football experts and hundreds of screaming college kids in the background. Today one of those screaming college kids was Sam Crowder, a student who brilliantly decided to hold up a sign with his Venmo username asking his mom to send him beer money. Cue the Internet, and instead …

Rakuten buys struggling bitcoin startup Bitnet to create a ‘blockchain research lab’

Rakuten has confirmed that it has acquired the assets of Bitnet, a bitcoin wallet startup it invested in, which will be used to create a ‘bitcoin lab’ for the Japanese retail giant. The transaction is undisclosed but it follows a Wall Street Journal report in July which speculated that a deal was in the works. Rakuten took part in a $14.5 million investment round for Bitnet nearly two …

Bitcoin drops 20% after $70M worth of Bitcoin was stolen from Bitfinex exchange

Bitfinex, one of the most popular cryptocurrency exchanges online, has suffered a major hack. The company has posted a note on their website detailing the security breach, and while it doesn’t mention a total amount, one of their employees confirmed on Reddit that the total amount stolen was 119,756 bitcoins.   That amount converts to about $77,000,000 based on a price of $650 USD per …