Jacquelyn Melinek

Backpack’s founders, who are building a crypto exchange and wallet, have experienced strong growth since launching in 2022. But the road wasn’t easy. FTX co-led Backpack’s $20 million strategic investment round in September 2022. Less than two months later, in November 2022, FTX collapsed. “We lost 80% of the operating capital...

Dogwifhat and politically inspired tokens of President Biden and Trump also see price spikes Jacquelyn Melinek 9 hours The token behind Solana, a layer-1 blockchain that’s competitive with the Ethereum blockchain, has been through the wringer after it plummeted from a high of about $260 in late 2021 to a low around...

The crypto scene continues to remain so hot that bitcoin is hitting one new high after another. It surpassed $72,700 on Monday. This was initially driven by the approval of spot bitcoin ETFs, but is now being pushed higher ahead of a “halving” event, which will limit the amount...

Welcome to TechCrunch Crypto, formerly known as Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Hello and welcome back to the TechCrunch Crypto newsletter. To start things off, here’s a shameless plug: I went...

Welcome to TechCrunch Crypto, formerly known as Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Hello and welcome back to the TechCrunch Crypto newsletter. I was out last week, so there was no...

Welcome to TechCrunch Crypto, formerly known as Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Hello and welcome back to the new and improved TechCrunch Crypto newsletter. This is our fifth edition with,...

The price of bitcoin hit $50,000 today, a month after the U.S. Securities and Exchange Commission approved 11 applications for spot bitcoin ETFs. The issuers of those ETFs have seen demand skyrocket beyond initial predictions of a few billion. Assets under management at these issuers total around $28.35 billion, making...

Welcome to TechCrunch Crypto, formerly known as Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. Hello and welcome back to the fourth edition of the new and improved TechCrunch Crypto newsletter. You probably...

Solana Labs co-founder teases possibility of third mobile device Jacquelyn Melinek 11 hours Last month, Solana Mobile’s flagship web3 smartphone, the Saga, sold out. Last week the Solana Labs’ subsidiary launched its second phone and got over 40,000 preorders in less than a week. But the company is not slowing down anytime...

The next iteration will look similar to an “Apple product,” CEO says Jacquelyn Melinek 15 hours It’s been a little over 180 days since Worldcoin publicly launched – and its futuristic looking Orb device is getting an upgrade, Alex Blania, CEO and co-founder of Tools for Humanity, shared exclusively with TechCrunch. “The new...