New money on West Coast flexes crypto muscle for homeless

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 $13.9 million during the evening.

In a sign of just how new much of the wealth is, the organization accepted bitcoin, ripple and ether for the first time this year.