Jonathan Kirkwood is a cofounder and managing member of Ten31, a venture capital firm that exclusively invests in the bitcoin ecosystem. In this discussion we cover why Ten31 only focuses on bitcoin, how his firm tries to pick winners in the space, his thoughts on the rise of ordinals and meme tokens on bitcoin and how he is preparing his portfolio firms for the halvings. We also focus on bitcoin miners and ways that they are trying to take advantage of the surge in artificial intelligence...

With so many blockchains being developed with seemingly similar value propositions, many people are starting to wonder which one will emerge victorious and leave the others in its wake. However, that may not be the right way to look at the landscape. In fact, it has become common in the industry to say that there is going to be more than one winner. After all, blockchains have important differences such as the amount of time it takes to process a transaction and how much it costs to use. One...

Coinbase, the giant U.S. crypto exchange is entering the blockchain business with a bang, but the path from announcement to activation is strewn with challenges as the company renews its attempt to diversify from its core trading business. Base, officially announced last week, is a new blockchain platform that is compatible with Ethereum ETH -0.8%, the largest multipurpose distributed ledger. Base will be a layer 2 platform that sits atop Ethereum and offers users faster and cheaper...

Forbes: What does Galaxy’s trading desk do? Jason Urban: Galaxy's trading desk primarily facilitates client flow. This includes spot trading, lending and financing, on both traditional venues and on chain. One of the things that has allowed us to survive is that we've taken a very traditional approach to risk management. And we've taken an exceedingly traditional conservative approach to rules and regs. Forbes: When FTX collapsed back in November, your CEO Mike Novogratz said that Galaxy had...