Bitcoin Mania

Bitcoin Startups Are Raking in Record Amounts of VC Cash

Child movie star Brock Pierce has gone on to lead a syndicate of 57 angel investors who invest in crypocurrency startups. (Photo via Brock Pierce)

At first, bitcoin was just the purview of cryptography nerds and libertarian redditors. Since then, digital currencies have been used to fund everything from World Cup betting rings to congressional elections. Now that bitcoin is out in front of legislators and safer than ever to use, investors are starting to pour record amounts into bitcoin startups.

From April through June of this year, bitcoin startups pulled in a record $76.8 million in investments, which is almost as much as the entirety of 2013, CB Insights reports. Read More

Planet Google

Google Glass App for Traders Will Let Them Watch Stock Prices Plummet While They Buy Their Hermès Ties

Testing, testing. (Photo: Getty)

As if being a Wall Street i-banker and working in a power suit till 4 a.m. every morning isn’t already appealing, now you can do it with a computer strapped to your face.  As Quartz reported yesterday, Fidelity Labs—sort of like the mad scientists’ division of Fidelity Investments—has developed a “market monitoring app” for Google Glass. Read More

Oh Snap

On Wall Street, ‘Everyone Snapchats Weird Shit’

gordon-gekko-from-wall-street

In between pushing piles of gold brick around and saying racist things in elevators, bankers are getting in touch with their inner teenagers by obsessively Snapchatting all day, New York Magazine reports.

The Financial District’s finest gravitate to the app because typical social media photos tend to linger, liable to pop up in a higher-up’s Google search, while Snapchat photos disappear after they’re viewed. Well, for the most part. Read More

Planet GOOG

New Use Case for Google Glass? Controling Misbehaving Wall Streeters

Pfft, American. (Photo: Google)

There’s always some trader who’ll find a way to lose a couple billion dollars, no matter what kind of risk management software Wall Street installs on its servers. Tape the phone calls, monitor the emails, and somehow they still get around the safeguards.

Well, a columnist for American Banker has been giving the problem some thought, and he’s decided the solution is Google Glasses. Read More

These Streets

Hey Wall Street: Now You Can Get Twitter on Your Bloomberg Terminal

Hey, they never promised you a rose garden. (Photo: Jared Keller, Twitter)

Guess the guys on Wall Street were feeling a little left out: Earlier this week, the S.E.C. signed off on official company announcements via social media (as long as shareholders are warned in advance where to look). And now, Bloomberg L.P. has announced that it will integrate tweets into the stream of information pulsing through the terminals that grace desks all over the financial industry.

Like everything else on the Bloomberg terminals, the tweets look butt-ugly. Read More

Sex Drugs and Code

Traders and Techies Still Using Provigil, the ‘Viagra for the Brain’

This man has no limits. (Photo: Think of a blue egg)

Provigil, the Adderall-like drug used to combat sleepiness, is experiencing a resurrgence fit for our maximum-efficiency lifestyle. Back in 2008, TechCrunch cofounder Michael Arrington penned a post about how Silicon Valley entrepreneurs were increasingly using the prescription pill to stay awake for long periods at a time and focus better. Now, New York Magazine reports Provigil is making a comeback among traders and entrepreneurs, some of whom affectionately refer to it as “Viagra for the Brain.” Read More

Silicon Wall Street

Tech Gets the Wall Street Treatment at FinTech Innovation Lab Demo Day

(Photo: True Office)

“That’s not Jamie Dimon,” joked Adam Sodowick, founder and CEO of True Office, as an avatar in his game walked onto the screen. However, Mr. Dimon’s employer, J.P. Morgan, was one of the 12 banks that mentored the FinTech Innovation Lab participants who demoed their products to potential investors and senior executives in the financial industry Wednesday morning at Credit Suisse. (Duh, “FinTech” stands for Financial Tech–get in the game!)

True Office was one of six companies who participated in the three-month long mentoring process, during which these FinTech entrepreneurs presented their products to and received guidance from key executives in the banking industry. True Office is a mobile game that allows companies to conduct more interesting and engaging compliance training.

“This is a very large and deeply unsexy market,” Mr. Sodowick said about compliance training. “It is akin to getting a flu shot.” But TrueOffice makes the training a game, arguably incentivizing users to pay attention and learn from the process. People may even end up reading the company’s policies, where they would inevitably learn that it is, in fact, unethical to lie about your Computer Science degree. Read More