Last week, the Wall Street Journal reported that a syndicate of investors was in the closing stages of a $125 million deal to purchase CoinDesk. Founded in 2013 and sold to DCG in 2016, CoinDesk has been an important voice in the crypto world as an online publication and for its Consensus events. Benzinga interviewed
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No answers yet — Whats going on with the reports of a room-temperature superconductor? Rumors are flying of confirmation, but the situation is still frustratingly vague. John Timmer – Aug 4, 2023 2:07 pm UTC Enlarge / Pellet of LK-99 being repelled by a magnet.Hyun-Tak Kim (CC BY 4.0) reader comments 362 with In late
In the early hours on Monday, Sam Altman, CEO of OpenAI and the driving force behind AI models like ChatGPT, launched his latest venture Worldcoin (WLD). With OpenAI going from a non-profit private organization, to a for-profit private organization in 2019, some questions bear asking: What is Worldcoin? Is it safe? What is it for?
Frameworkers of the world, unite — Turning my Framework laptop into a tiny desktop was fun. Now it needs a job. “Reuse” doesn’t get as much attention as the other two Rs, but it’s important. Kevin Purdy – Aug 7, 2023 11:00 am UTC Enlarge / The Framework Slabtop, as I dub it. Not a
Despite the ongoing digitization of payments, this industry is still struggling to meet the growing demands of the public. Because of this, many financial market players are looking towards blockchain as a potential way to speed up the process. Blockchain is a groundbreaking technology that offers a multitude of use cases and benefits for businesses
Private equity firms are increasingly offering sweeteners such as fee discounts to secure backing from deep-pocketed investors, in a sign that the industry is facing its toughest-ever fundraising environment. Blue-chip firms including CVC Capital Partners, Ardian, TPG and Cinven have all in recent months offered investors either a discount on management fees or other incentives
Berkshire Hathaway’s cash and investments in short-term Treasuries surged to $147bn at the end of the second quarter, underscoring Warren Buffett’s faith in the backbone of global financial markets despite the rocky political climate in Washington. The sprawling conglomerate — which owns the BNSF railroad and Geico insurer — increased the holdings by nearly $17bn
The US and China are opening new lines of communication to tackle contentious issues, in one of the first signs of progress towards stabilising relations since secretary of state Antony Blinken visited Beijing in June. According to three people familiar with the situation, Washington and Beijing will create two working groups to focus on Asia-Pacific
Affirm Holdings, IncAFRM stock is trading lower afterPiper Sandleranalyst Kevin J. Barker downgraded the stock from Neutral to Underweight with aprice target of $11.00. Barker expects persistently higher rates to pressure operating margins as AFRM needs to hold more loans on the balance sheet. In addition, he expects tighter underwriting standards, increased pricing, and the
So far, 2023 has been a tough year for crypto, with a persistent down market and regulatory uncertainty that will likely send many blockchain ventures overseas for more favorable conditions. Yet the potential of blockchain to improve life for everyone remains with an increasing number of projects with practical use cases. A recent survey by
Dangerous stuff — Frackers can use dangerous chemicals without disclosure due to Halliburton loophole Facking industry exempt from disclosure of 28 chemicals regulated by federal law. John Hurdle, Inside Climate News – Aug 4, 2023 1:45 pm UTC A fracking rig targets the Marcellus Shale.Wikimedia Commons reader comments 8 with For almost 20 years, US
South Korean Fintech CompanyU Fintech Hub Incannounced today that it has successfully raised $4 million in a recent capital funding round led by Forest Partners. What Happened?With this current funding round, U Fintech Hub has raised approximately $10 million in capital. U Fintech Hub operates the global remittance platform "Utransfer," specializing in B2B and C2C
Co-ownership — Trans-Atlantic joint venture aims to build new international space station Airbus replaces Lockheed Martin as habitat builder for the planned Starlab space station. Stephen Clark – Aug 4, 2023 12:00 am UTC Enlarge / Artist’s illustration of the planned Starlab space station.Voyager Space reader comments 76 with Voyager Space, one of several US
The trial in Dominion v. Fox News, which has already resulted in bombshell revelations about the right-wing media giant and the 2020 election, is scheduled to begin Tuesday. Unless a settlement is reached, a jury will determine whether Fox is financially liable for broadcasting and promoting false claims about Dominion Voting Systems voting machines rigging
capacity for growth — Western Digital HDD capacity hits 28TB as Seagate looks to 30TB and beyond WD believes it can wring a bit more capacity out of existing PMR and SMR tech. Andrew Cunningham – Aug 1, 2023 10:19 pm UTC Enlarge / Western Digital is gearing up to sample its first 28TB HDDs
Bosses looking for an edge in the post-COVID remote work era have turned to a militaristic approach to team building — with some paying upwards of $100,000 for “Top Gun”-style simulations to rally their troops, according to a report. The C-suite executives — from companies as varied as Nike, Pepsi and Bank of America —
Despite the ongoing digitization of payments, this industry is still struggling to meet the growing demands of the public. Because of this, many financial market players are looking towards blockchain as a potential way to speed up the process. Blockchain is a groundbreaking technology that offers a multitude of use cases and benefits for businesses
After HCA Healthcare announced this month that the personal identification data of roughly 11 million HCA patients in 20 states had been exposed in a breach, people may be justifiably concerned that their own medical data and identities could be stolen. This story also ran on NPR. It can be republished for free. Consumers should
It’s never enough — Internet providers that won FCC grants try to escape broadband commitments “Coalition of RDOF Winners” lobbies FCC but won’t reveal its full member list. Jon Brodkin – Aug 2, 2023 9:18 pm UTC EnlargeGetty Images | Yuichiro Chino reader comments 85 with A group of Internet service providers that won government
PITTSBURGH (JTA) — The overriding feeling in this city now that the gunman convicted of murdering 11 Jews here in 2018 has been sentenced to death is gratitude. Not for the penalty itself, which was the preference of some but not all of the victims’ families and which some local Jews openly opposed, and not even