Article Trunk



Posts Tagged ‘money’

Petal’s no-fee credit card for the credit score-less is now open to the public

Petal, the startup credit card company that’s offering a no-fee credit line to people without a credit history, is now publicly available. Launched earlier this year by co-founders Jason Gross, Andrew Endicott, Andrew Ehrich, and Jake Arenas, Petal has received a $34 million credit facility from Jeffries and Silicon Valley Bank to bring its consumer ...

$100 bills outnumber $1s, and they’re stuffed in our mattresses

For the first time, the most common US bill in circulation is the $100: these benjamins aren't being used to transact our daily business -- they're the preferred form of savings after a long spell of low inflation and nonexistent interest rates, when there are so many obvious reasons to distrust the banks. (via ...

Fund raises $200 million to lend cash to startup employees whose liquidity is locked up in equity

Troy Capital Group has closed its $200 million fund to provide loans to startup employees whose liquidity is locked up in company stock. The fund, backed by the multi-billion dollar private equity giant Oaktree Capital, is the latest investment vehicle from Troy Capital Partners, a four year-old venture firm founded by MySpace co-founder Josh Berman; Samit ...

Coinbase now lets users buy ‘bundles’ and launches its own index for the top 50 coins

Coinbase is shaking things up quite a bit lately and its latest tools are geared toward cryptocurrency traders just getting their toes wet. On Thursday, the company announced that it would add a feature called Coinbase Bundle. The new offering lets users purchase a market-weighted sampling of Coinbase’s five available cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, ...

Crypto mining giant Bitmain reveals heady growth as it files for IPO

After months of speculation, Bitmain — the world’s largest provider of crypto miners — has opened the inner details of its business after it submitted its IPO prospectus with the Stock Exchange of Hong Kong. And some of the growth numbers are insane. The document doesn’t specify how much five-year-old Bitmain is aiming to raise from ...

It looks like Coinbase is preparing to add a lot more cryptocurrencies

Coinbase aspires to be the New York Stock Exchange of crypto, and it is taking a small — but not insignificant – step to offering a lot more cryptocurrencies after it revamped the process of listing new digital assets. The exchange currently only supports just five cryptocurrencies — Ethereum, Bitcoin, Bitcoin Cash, Ethereum Classic and ...

VCs say Silicon Valley isn’t the gold mine it used to be

In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ The author outlined reasons why the Valley has “peaked.” Venture capital investors are deploying capital outside the Bay Area more than ever before. High-profile entrepreneurs and investors, Peter Thiel, for example, have left. Rising ...