Decentralizing Amazon, Yale's move to crypto, and Circle acquires SeedInvest

Bitcoin $6,574                     Ethereum $223.19 
Crypto Mkt Cap $218 Billion        BTC Dominance 52.10%  

“It’s not just ‘how do we let companies do ICOs? It’s ‘how do we support the tokenization of everything?” — Jeremy Allaire, CEO Circle on his company’s acquisition of SeedInvest

The Big Block

E-commerce has been a growing part of how businesses and consumers purchase products and services since the beginning of the consumer internet era in the mid-1990s. E-commerce now drives trillions of dollars worth of sales, and is still growing at double-digit percentages year over year. Startup brands are increasingly becoming digital-native verticals, selling their products exclusively online — at least at first.

Leading the growth of e-commerce marketplaces are companies like Amazon, Alibaba, and eBay — the American firms both more than 20 years old, and Alibaba closing in on that milestone. The services provided by these marketplaces are important: Connecting sellers and buyers worldwide through the internet has already had a lasting impact on consumer purchasing behaviors and how businesses operate. However, as commerce becomes increasingly digitized and consolidated — Amazon, Alibaba, and eBay account for 65% of cross-border e-commerce purchases — the risks of centralization becomes more apparent.

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Around The Block

Yale’s endowment enters the crypto fray

Yale’s endowment invested in Paradigm, a fresh $400 million crypto fund founded by Coinbase co-founder Fred Ehrsam and former Sequoia partner Matt Huang. This investment follows Yale’s decision to invest in Andreessen Horowitz’s $300 million venture fund earlier this year as reported by CNBC. — More

Survey: Cryptocurrencies make Americans feel uncertain and confused

Clovr, a startup focused on promoting blockchain adoption, conducted a survey of over 1000 participants to gauge how Americans feel about cryptocurrency. The survey was separated into five categories: general knowledge, market sentiment, reason for investing, traits of investors, and demographics. — More

Circle to acquire crowdfunding firm SeedInvest — More

Celsius heats up with interest-paying crypto accounts — More

CFTC: Cryptocurrency scams contributed to an increase in fines — More

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