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New Money on West Coast Flexes Crypto Muscle for Homeless

  • Tipping Point raises more than $14 million at Bay Area gala
  • Coinbase’s Brian Armstrong, Ripple’s Chris Larsen are guests
A collection of bitcoin, litecoin and ethereum tokens.
Photographer: Chris Ratcliffe/Bloomberg
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Many of Silicon Valley’s tech moguls, venture capitalists and financiers are still building their empires, and most have decades to go before they have to start worrying about their legacies.

But at a gala Thursday night in San Francisco, America’s newly wealthy showed they can raise some serious money to fight poverty in the Bay Area. The nonprofit Tipping Point Community brought in more than $14 million by the next day.