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Morning Report: There Are 54 Cryptocurrencies Worth More Than $10M

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.

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