How Airbnb went from renting air beds for $10 to a $30 billion hospitality behemoth

Happy 10th anniversary Airbnb. When we first wrote about the company a decade ago, it was a spare website cobbled together by its founders for the low low price of $20,000. AirBed And Breakfast Takes Pad Crashing To A Whole New Level In the years since, the marketplace Airbnb created has radically transformed the rental […]

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Sequoia India and Accel back on-demand scooter startup in $12.2M deal

Two of India’s most prominent VCs are backing a motorbike on-demand service after Sequoia India and Accel led a $12.2 million investment in Metro Bikes. Sequoia India and Accel were joined in the round by Raghunandan G, who founded TaxiForSure which sold to Ola, among other investors. Metro Bikes started out as a luxury bike rental service […]

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With new tech coming online, cities need a department of urban testing

Shaun Abrahamson Contributor Shaun Abrahamson is a managing partner at Urban Us Ventures and serves on the Investment Committee at URBAN-X. More posts by this contributor How should startups work with city governments? The design and operation of cities is the province of urban planning. But an explosion of startups in cities means a lot […]

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‘Satoshi Nakamoto’ says he’s writing a book, but is it really him?

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Satoshi Nakamoto, the pseudonymous creator of decentralized cryptocurrency Bitcoin, appears to be writing a memoir. 

The post announcing the book (which may or may not be finished) appeared on June 29 on the site nakamotofamilyfoundation.org, along with an excerpt from the book. 

The excerpt, titled “Duality” and written from a first person perspective, details the early days of Bitcoin. But there’s no way of telling if the real Satoshi Nakamoto is actually the author — and there are several signs that point to “no.” 

“Announcing the first excerpt to a literary work consisting of two parts. The excerpt is provided. I wanted to include it as a brief glimpse of history. Even for those that can’t read the full book, I wanted to make this available to everyone. A short story if you will, with some of the most brought up questions and answers. I wanted the people and the facts to be known. Or as much of it. I’m still saving most for the books, the best parts hopefully,” says an announcement post on the website.  Read more…

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India’s budget hotel network unicorn OYO expands into China

The tech world sees plenty of Chinese companies move into India — including the likes of Alibaba and Xiaomi — but few expand the other way. OYO Rooms, the billion-dollar Indian startup that pioneered budget hotel networks, is looking to buck the trend, however, after it launched operations in China. Today the company officially announced its […]

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The cryptocurrency market has been a bloodbath in March, but recovery may not be far off

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It’s been a bad month in crypto-city. 

Bitcoin, the largest cryptocurrency by market cap, is trading at $7,076 — a 7% decrease in the last 24 hours and a 34.6% decrease on a monthly basis. The second largest coin, Ethereum, is being absolutely pummeled, having dropped 5% to $398 in the last 24 hours, and losing more than half of its value (55.1%) since March 1. And none of the other major cryptocurrencies fared much better. 

A part of this price drop can be explained by an onslaught of bad news, mostly having to do with increased regulatory scrutiny of ICOs (initial coin offerings) and cryptocurrency trading in most of the world’s markets. The fact that Facebook, Google and Twitter all banned cryptocurrency-related ads on their platforms didn’t help. Other recent news, including a rumor of a new mining chip being built for Ethereum (which could make it more centralized) as well as an important, bearish technical indicator called the “death cross” happening on Bitcoin’s charts, have certainly contributed.  Read more…

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Neighbor, a p2p self-storage marketplace, bags $2.5M seed

Neighbor is another startup with designs on your spare space. Not for letting to guests to bed down in, like Airbnb, but for self-storage. The 2017 founded, Salt Lake City based startup is announcing $2.5 million in seed funding today, raised from Peak Ventures and Pelion Ventures. The core business idea is to build a […]

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Airbnb hosts can kick you out after you’ve checked in

Last month, Logan Kugler checked into the home of a Los Angeles-based Airbnb host. The plan was to stay there for about one month, but Kugler found himself checking out just three days after checking in. That’s not because he wanted to, but because the host cancelled his reservation. This story is not about any […]

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Child pornography links found in Bitcoin’s blockchain

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Some of Bitcoin’s most important features — the immutability and the distributed nature of its blockchain — might spell trouble for the cryptocurrency. 

A German team of researchers have found some objectionable content within Bitcoin’s blockchain, including links to child pornography and, possibly, at least one such image. Since the totality of Bitcoin’s blockchain has to be downloaded in order to mine Bitcoin or run a full Bitcoin node — a program that validates transactions on the network — that means anyone who does so is in possession of potentially illegal content. 

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