Bitcoin prices are crazy high. It's The Daily Crunch.

THE DAILY CRUNCH FRIDAY, DECEMBER 8 2017 By Anthony Ha Bitcoin prices surge, Spotify and Tencent swap investments and Apple fixes a HomeKit vulnerability. All that and more in The Daily Crunch for December 8, 2017. 1. Why is bitcoin's price so high? Bitcoin's price has risen stratospherically — but why? And is it going to come crashing down again? The primary theory put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections thanks to the introduction of the first BTC futures products. 2. Coinbase hits top spot on Apple's US App Store despite struggling to handle bitcoin demand Speaking of which: There's no greater sign of bitcoin fever than the fact that Coinbase — an app that lets you buy the cryptocurrency — has become the most downloaded app in the App Store. Sponsored By: CrunchBoard Get Your Job Openings Filled All jobs on CrunchBoard, TechCrunch's official job board, are highly visible throughout the TechCrunch network, including on every page of TechCrunch.com and in all our newsletters. If you're looking to make your job postings visible to a broad network of highly-engaged, highly-skilled readers, be sure to purchase a posting package today! Learn More… 3. Spotify and Tencent agree to swap stakes in their music businesses Tencent Music Entertainment (TME), the Chinese firm's subsidiary that manages its music streaming and karaoke services, will make an undisclosed minority investment in Spotify through new shares, while Spotify will buy a similar undisclosed stake in TME. 4. Uber lands investment from Singapore's largest taxi operator in blow to rival Grab Uber has struck a major deal in Southeast Asia after ComfortDelGro, Singapore's largest taxi operator, agreed to buy a majority share of the ride-hailing giant's Singapore-based car rental business. 5. Apple issues fix for HomeKit vulnerability impacting smart locks and other devices The fix appears to be a server-side update, meaning that the end-user doesn't have to update anything for it to take effect. 6. San Francisco made things much tougher for robotic delivery startups this week In a five-to-one vote, the committee handed down some strict regulations on delivery robots, which have been piloted on city sidewalks over the past several months. 7. Meet "Genies", the lifelike personalized avatars that reenact news "We plan on making Bitmoji obsolete." Well, we'll see. Get more stories at techcrunch.com  Newest Jobs From CrunchBoard: Full-Stack Developer at Confidential - [Legal Tech] (New York, NY, United States) Senior Android Engineer at Quizlet (San Francisco, CA, United States) Backend/API Engineer at Quizlet (San Francisco, CA, United States) Part-time Helpdesk Support at Children's Council of SF (San Francisco, CA, United States) Web Developer at Children's Council of SF (San Francisco, CA, United States) SEE MORE JOBS ON CRUNCHBOARD Post your tech jobs and reach millions of TechCrunch readers for only $200 per month View this email online in your browser If you do not want to receive this email or you would like to update your preferences click here. 410 Townsend Street, San Francisco, CA 94107 © 2017 AOL Inc. All rights reserved.   Privacy Policy   Terms of Service