Bitcoin's impressive rise above $50,000 has ignited fervor in the crypto world, spurring discussions on wallet dynamics. The passion economy is evolving with new investments, showcasing the burgeoning creator landscape, especially in Asia. Meanwhile, live e-commerce is on the rise, with TalkShop Live securing funding and drawing inspiration from successful Asian models. Valuation challenges reveal the quirkiness of startup funding, tackling the changing dynamics in tech and venture capital amidst this exciting boom.
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Bitcoin's Price Surge
Bitcoin's price crossed $50,000, significantly increasing from $30,000 at the beginning of the year and $10,000 in 2020.
This represents a 66% increase year-to-date and a substantial 400% growth since 2020.
question_answer ANECDOTE
Blockchain.com Funding
Blockchain.com, a popular crypto wallet service, raised $120 million, totaling $190 million in funding.
They claim 28% of all Bitcoin transactions have gone through their platform since 2012.
insights INSIGHT
Crypto Wallet Types
Crypto wallets can be custodial (like Coinbase) or non-custodial (like Blockchain.com).
Custodial wallets hold your tokens on your behalf, while non-custodial wallets give you direct control.
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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. In very good Show News™, Chris is back! He's working on the next iteration of the show, something that you will be able to see starting Very Soon. Get hype!
Today though, we had a delectable dish of dynamic doings, namely news items of the following persuasion:
Bitcoin broke the $50,000 barrier, something that we wanted to talk about. Especially in light of Coinbase's $77 billion valuation. Natasha walked us through some growth metrics, and Alex was sad that he isn't already retired. Danny remains a full-on crypto bull.
And on the blockchain thing, Blockchain.com raised $120 million, proving that there is huge amounts of capital available for the guts-and-bolts tooling of the bitcoin world.
Pipe17 closed an $8 million round that caught our eye. By building a service to help smaller ecommerce operations connect their tooling to one another, the company is betting on smaller ecommerce needing pipes to link up their various software services. This reminded us of Alloy, another neat company in ecommerce automation that also recently raised money.
And that's our show! We are back early Monday morning for a packed week. So keep your podcast app warm, we're coming for it.
Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
Equity