Techmeme

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Nathaniel Popper / New York Times:
Silk Road now has numerous successors, mostly Asia-based; AlphaBay, now the leading dark web market, has 21k+ opioid listings, 4,100 for fentanyl, related drugs   —  Anonymous online sales are surging, and people are dying.  Despite dozens of arrests, new merchants — many based in Asia — quickly pop up.
Jun 10, 2017, 7:55 PMIn context
Nathaniel Popper / New York Times:
Renaud Laplanche, founder of Lending Club, launches a rival, Upgrade, and raises $60M from Union Square Ventures, Silicon Valley Bank, and others   —  Renaud Laplanche was the quintessential Silicon Valley success story, until he wasn't.  —  Mr. Laplanche, a French-born entrepreneur …
Apr 6, 2017, 9:50 PMIn context
Nathaniel Popper / New York Times:
Banks increasingly in contention with services like Mint and Betterment over the sharing of financial data, with some banks arguing tech firms should pay fees   —  SAN FRANCISCO — The big banks and Silicon Valley are waging an escalating battle over your personal financial data …
Mar 24, 2017, 10:50 AMIn context
Nathaniel Popper / New York Times:
Startups that once aimed to disrupt big banks in the US are now working with the banks and building services on top of existing financial infrastructure   —  SAN FRANCISCO — In 2011, Brett King was promoting his book, “Breaking Banks,” and creating a start-up that he hoped would do to the banks …
Feb 26, 2017, 5:35 AMIn context
Nathaniel Popper / New York Times:
Crowdfunding advocates express concern about crowdfunded startups failing to comply with the 2012 Jobs Act   —  SAN FRANCISCO — Ryan Feit left behind his lucrative career at a private equity firm to chase the dream of crowdfunding.  —  Mr. Feit, a 33-year-old graduate of the Wharton School …
Jan 30, 2017, 7:50 AMIn context
Nathaniel Popper / New York Times:
Wall Street clearinghouse DTCC to use Bitcoin-inspired distributed ledger tech to facilitate transactions beginning early next year, led by IBM   —  After months of talk and hype, the world's biggest banks have taken the first steps toward moving a significant piece of financial infrastructure onto …
Jan 10, 2017, 11:45 PMIn context
Nathaniel Popper / New York Times:
Filings show former Lending Club CEO Renaud Laplanche is creating a new online lending venture, Credify Finance   —  Just months after being forced out as the chief executive of the Lending Club, Renaud Laplanche is starting a new venture to lend money online.
Nov 16, 2016, 8:05 PMIn context
Nathaniel Popper / New York Times:
Goldman Sachs launches its new online lending platform Marcus, which is limited to email invitees and offers unsecured loans of up to $30K   —  After years of behind-the-scenes planning, Goldman Sachs is opening its new online lending platform, Marcus, on Thursday.
Oct 13, 2016, 11:30 AMIn context
Nathaniel Popper / New York Times:
World Economic Forum report envisions blockchains as the “beating heart” of global finance, estimates 80% of banks will start using the technology in 2017   —  A new report from the World Economic Forum predicts that the underlying technology introduced by the virtual currency Bitcoin …
Aug 13, 2016, 11:20 PMIn context
Nathaniel Popper / New York Times:
How a handful of Chinese companies that control a majority of the Bitcoin network are playing a central role in the community's civil wars   —  A delegation of American executives flew to Beijing in April for a secret meeting at the Grand Hyatt hotel, just blocks from Tiananmen Square.
Jul 2, 2016, 7:00 AMIn context

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