Blog Archives

Online payment processor Stripe launches new cryptocurrency-friendly system Stellar

Posted on 31st July, 2014

In the startup world, Stripe is already a Silicon Valley success story. Founded in 2010, the online payment processor has hit most of the high points in the tech company fairy tale: Y Combinator acceptance; over $110 million in investment by venture capital firms like Sequoia Capital, and Andreessen Horowitz; and a massive valuation bubble […]

Ripple Labs board member Jesse Powell resigns amid ongoing controversy

Posted on 26th May, 2014

Last week, not-quite alt-coin Ripple found itself facing an existential crisis when co-founder Jed McCaleb revealed he was planning to sell off his 9 billion XRP stash. The announcement caused a dramatic XRP price crash, halving Ripple’s currency value in less than a 24 hours. McCaleb’s planned cash-out also hinted at deeper problems behind the […]

Major alt-coin Ripple crashes as co-founder announces 9 billion XRP dump

Posted on 23rd May, 2014

Although designed as a trustless payment network rather than as a true virtual currency, Ripple has been one of the best known and highest profile alt-coins for the last several years. The system’s native currency, ripples (XRP), have traded as high as $0.06 in recent memory, giving it a surprisingly high market cap for a […]

Mt.Gox creator Jed McCaleb lost around $50,000 to the site, never met Karpeles

Posted on 1st May, 2014

Speaking with Ars Technica, Mt.Gox founder Jed McCaleb revealed that he personally lost around $50,000 in the Tokyo-based bitcoin exchange’s collapse. Although he sold he site to French bitcoin entrepreneur Mark Karpeles in 2011, McCaleb retained a 12% stake in the company. Unlike many Mt.Gox users, however, McCaleb’s losses were in standard fiat accounts, rather […]

What is Jed McCaleb’s “secret Bitcoin project”?

Posted on 13th February, 2014

The Bitcoin press has been abuzz today with the recent call for alpha testers for a “secret Bitcoin project” created by Jed McCaleb. Why all the interest? McCaleb is best known as the creator of the Mt.Gox (which he sold to investor Mark Karpeles in 2011), and one of the innovators behind today’s Bitcoin and […]