Feb 9, 2017

Bitcoin startup seeks to 'solve common problems'

21 Co., a Silicon Valley startup that has raised over $110 million from venture capitalists to develop software and hardware for bitcoin mining, appears to be undergoing something of a mission expansion.

The Silicon Valley company this week unveiled a product that allows users to replace their public email with a new inbox that people outside that user's network must pay to send into. It uses bitcoin infrastructure, and seems aimed at investors, top business executives, celebrities or anyone else who receives far more inbound email than they can (or want to) handle. As CEO Balaji Srinivasan explained on Product Hunt: "You can keep the money or donate it to charity. It's like LinkedIn InMail, except you actually get paid."

Why is that name familiar? Balaji Srinivasan is one of President Trump's candidates to run the U.S. Food and Drug Administration, a position that has not yet been filled.

Pivot: A source close to 21 tells Axios that the new mail product isn't a stand-alone business in itself, but rather is the "first in a series of offerings using distributed micropayments to try and solve common problems." It is unclear how this move affects what had been 21's core business, as Srinivasan has not returned a request for comment.

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World coronavirus updates: Confirmed cases top 1.2 million

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The number of novel coronavirus cases surpassed 1.2 million worldwide Saturday night, as Spain overtook Italy as the country with the most infections outside the U.S.

The big picture: About half the planet's population is now on lockdown and the global death toll was nearing 64,800, by Sunday morning, per Johns Hopkins data.

Go deeperArrowUpdated 6 mins ago - Health

U.S. coronavirus updates: Death toll surpasses 8,500

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the coronavirus surpassed 8,500 in the U.S. early Sunday, per Johns Hopkins data. The death toll in the U.S. has risen over 1,000 every day for the past four days, since April 1.

The big picture: President Trump said Saturday America's is facing its "toughest week, between this week and next week." Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said the U.S. should expect to see deaths continue to rise in this period.

Go deeperArrowUpdated 34 mins ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2:30 a.m. ET: 1,203,485 — Total deaths: 64,784 — Total recoveries: 247,001Map.
  2. U.S.: Total confirmed cases as of 2:30 a.m. ET: 312,237 — Total deaths: 8,501 — Total recoveries: 14,997Map.
  3. Public health latest: CDC launches national trackers and recommends face coverings in public. Federal government will cover costs of COVID-19 treatment for uninsured. The virus is hitting poor, minority communities harder and upending childbirth.
  4. 2020 latest: "We have no contingency plan," Trump said on the 2020 Republican National Convention. "We're having the convention at the end of August."
  5. Business updates: Restaurants step up for health care workers. Employees are pressuring companies to provide protections during coronavirus.
  6. Oil latest: Monday meeting among oil-producing countries to discuss supply curbs is reportedly being delayed amid tensions between Saudi Arabia and Russia.
  7. Education update: Many college-age students won't get coronavirus relief checks.
  8. 1 🏀 thing: The WNBA postpones start of training camps and season.
  9. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  10. Other resources: CDC on how to avoid the virus, what to do if you get it.

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