Morning Report: Remember bitcoin? It’s trading near record highs, and its ilk are chugging along even after the media spotlight has at least partially moved on.
If you head over to for a jaunt, I understand if you leave confused. The headlines can be a bit hard to parse.
For fun, here are the top five posts over there, as of the time of writing:
- Wladimir van der Laan (Bitcoin Core Lead Maintainer): “Bitcoin Core tests: performance in VM” []
- UASF nodes are more than Bitcoin Unlimited 1.0.1.3 []
- Bitfinex Removed from BitcoinAverage Calculations | BitcoinAverage []
- ViaBTC FUD: Segwit makes scaling harder, LN is bad, Core dev team is bad. []
- ASICBOOST isn’t an efficiency gain []
See?
But if you place aside the internal politics of the bitcoin world — a place where investors have poured over the years — there is enough good news to keep our cynicism at bay, at least for now.
To wit, bitcoin is trading at over $1,200 per coin, comfortably above its late 2013 peak. That prior high followed a dramatic run in the price of bitcoin over a very short period of time, which drove media attention and consumer mindshare.
But past bitcoin, there is more potentially good news in the cryptocurrency market. According to , there are three cryptocurrencies worth over $1 billion in aggregate, nine worth more than $100 million, and 54 worth more than $10 million. Going down further, there are 153 cryptocurrencies with a market cap of over $1 million.
I highlight all of this as it is nearly time to take another look at the bitcoin ecosystem. It hasn’t lived up to its previous short-term hype, but bitcoin chugs along all the same.
From the :
PetSmart buys online pet retailer Chewy
- PetSmart online pet supply retailer in what is reportedly one of the largest e-commerce acquisitions ever. PetSmart did not disclose terms, but Recode the purchase price as $3.5 billion. After the purchase, Dania, Florida-based Chewy will continue to be led by its current CEO, Ryan Cohen, and will operate largely as an independent subsidiary.
Oracle acquires Moat
- In other acquisition news, Oracle that it is buying , a provider of marketing data and analytics. New York-based Moat, founded in 2010, previously raised about $68 million in venture funding.
Female founder numbers stay flat
- The percentage of startups that have at least one female founder was flat in the first quarter of 2017, according to a . Overall, just 17 percent of startups had a female founder in Q1, a level that hasn’t changed much over the past five years. In other news from ½ûÂþÌìÌÃ, we look at why Cloudera plans to go than its last private funding round.
Stay up to date with recent funding rounds, acquisitions, and more with the ½ûÂþÌìÌà Daily.


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