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The heartbreak of an exceptional man in finance
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Berkeley Haas anniversary marks 125 years of reimagining business | Haas News
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What is Internet Computer? A guide to the latest buzzy cryptocurrency Fortune 2 hrs ago © Stephen McCarthy/Sportsfile via Getty Images
A new cryptocurrency called Internet Computer made a splashy debut this week, becoming one of the largest digital coins after its value skyrocketed to $45 billion.
The coin, developed by the Dfinity Foundation, a nonprofit in Zurich, Switzerland, is a competitor to other hot cryptocurrencies like Ethereum and Bitcoin. Internet Computer debuted at a price of $731 on Monday then dropped to $146 within minutes before rebounding somewhat. Two days later, the coin was priced at about $280, down 60% from its big debut, but still with a total market capitalization of $34.6 billion.
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