Bitcoin futures trading on CBOE, the world’s largest futures exchange, just launched at 5pm CT. Within a minute of the launch bitcoin spiked about 10% from ~$14,700 all the way up to $16,200 before settling a few minutes later to around $15,500, up about 5%. Now an hour after launching the actual price of bitcoin is still up, trading around $15,350. Currently the settlement price of… Read More
Source: TechCrunch
Lumoid, a tech gear rental startup is no longer in business and its founder Aarthi Ramamurthy is moving on to Facebook. The startup launched as just a “crazy idea,” when it came out of Y Combinator four and half years ago, Ramamurthy wrote on a Facebook post this weekend announcing the shut down. Lumoid went on to raise nearly $6 million over the last four years. This spring,… Read More
Source: TechCrunch
The new trailer for Netflix’s latest science fiction series, Altered Carbon, finally gives viewers a window into the plot for its first season. Like the Richard K. Morgan cyberpunk novel on which it’s based, the first run of shows will focus on solving a murder most foul. In a world where the rich and elite can have their consciousness transferred to other bodies, essentially… Read More
Source: TechCrunch
GE is a great example of a traditional company that has recognized the need to transform into a digital organization, but by all measures 2017 has been a tough year for the industrial giant financially. The company stock price has tumbled, and last week it announced that it was laying off 12,000 employees in its power business worldwide. While you can’t attribute all of the… Read More
Source: TechCrunch
GE is a great example of a traditional company that has recognized the need to transform into a digital organization, but by all measures 2017 has been a tough year for the industrial giant financially. The company stock price has tumbled, and last week it announced that it was laying off 12,000 employees in its power business worldwide. While you can’t attribute all of the… Read More
The tech revolution is no longer confined to Silicon Valley or the California statehouse.
Earlier this week, Steve Case announced that his Rise of the Rest seed fund, designed to invest in innovation in the Mid West and other areas traditionally overlooked by investors, had raised $150 million with commitments from tech executives including Jeff Bezos and Eric Schmidt. We are, as Peter… Read More
Source: TechCrunch
It’s refreshing, in this difficult time, when technology and the tech industry seem trapped in a quicksand of endless ethical compromises and disconcerting emergent properties, to come across something tech-related of which one can say, awed, without complications or caveats: holy shit this is amazing. Which happened to me today! Let me share it with you. The Flying Eye Hospital,… Read More
Source: TechCrunch
Lost amid the furor over the Federal Communications Commission’s terrible, horrible, no good, very bad decision to reverse net neutrality regulations is another, equally awful ,decision on a program to provide subsidies for broadband internet subscriptions to low-income households in cities and tribal regions around the country. Read More
Source: TechCrunch
When a country lacks an open internet, the government (and companies friendly with said government) are able to do anything from simply blocking or banning apps entirely (EG: Facebook, Twitter, Skype, WhatsApp for censorship or economic reasons) to more aggressive moves such as Egypt’s effective shutdown of their internet service providers. Read More
Source: TechCrunch
In an effort to envision how the pending tax bill might affect U.S. startups and their investors, Crunchbase News reached out to tech industry taxation experts. We touched the M&A climate, tax treatment of interest expenses and whether rising costs of living in high-tax states will prompt an exodus to cheaper locales. Here, then, are some thoughts on the potential impacts. Read More
Source: TechCrunch