Why would a fairly successful financial executive in his early 70s get involved with a FinTech startup serving the cannabis industry? Richard Laiderman gets asked this a lot. People seem to be curious. His glib answer is that its fun. In the 1940 essay, A Mathematicians Apology, G.H. Hardy felt the need to explain why
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Jeremy Hunt has warned trade unions not to jeopardise Britain’s recovery, saying that high pay demands will hit the fight against inflation and harm the workers they are trying to protect. In an interview with the Financial Times, the UK chancellor did not deny that ministers had blocked a potential 10 per cent pay offer
UK ministers blocked a possible deal to call off this month’s rail strikes by preventing the industry from offering unions higher pay deals and adding tough new conditions at the last minute. Employers had planned to offer a 10 per cent pay rise over two years to the RMT union, but were blocked by the
Rising interest rates have crushed high-growth tech stock valuations in 2022, and most of the high-profile fintech IPOs of recent years are now trading well off their post-IPO highs. On Wednesday, DataTrek Research co-founder Jessica Rabe said fintech startups are now relying heavily on private financing. Coinbase Global Inc COIN , SoFi Technologies Inc SOFI
At this point, you have probably absorbed, directly and indirectly, more than enough information on Web3s disgraced hero, Sam Bankman-Fried (SBF) and his currently insolvent businesses, FTX FTT/USD and its sister company, quantitative trading firm Alameda Research. Yet the story continues to unfold well beyond the investigations underway by the US Securities and Exchange Commission
Bitcoin and Ethereum traded lower on Wednesday evening as the global cryptocurrency market cap dropped 1.8% to $841.15 billion at 7:21 p.m. EST. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD -1.3% -1.75% $16,856.27 Ethereum ETH/USD -2.9% -4.75% $1,233.13 Dogecoin DOGE/USD -4.3% -10.5% $0.096 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour
Ending Jack Mas Ant Groups two-year-long regulatory feud, Chinese authorities will reportedly impose a fine of more than $1 billion on the billionaires fintech company. What Happened: Chinas central bank which has been driving the revamp at Ant after the Xi Jinping-led administration scuttled the company's $37 billion IPO at the last minute in 2020
An FTX FTT/USD customer who claimedhe lost $750,000 after the exchange went bankrupt has filed a lawsuit against the NBA's Golden State Warriors based on the teampromoting the allegedly fraudulent crypto exchange, according to a Reuters reportfromMonday. Elliott Lamfiled the class-action lawsuit in San Francisco, naming Sam Bankman-Fried, Caroline Ellisonand the Golden State Warriors in
President Joe Bidens administrationhas called for stronger regulatory controls over Bitcoin BTC/USD and other cryptocurrenciesin response to the scandal, potential fraud, and money lost through the collapse of Sam Bankman-Frieds FTX FTT/USD exchange and sister company, quantitative investment firm Alameda. White House Press SecretaryKarine Jean-Pierresaid, Without proper oversight, crypto risks harming everyday Americans, so this
Trafigura is handing more than $1.7bn to its top traders and shareholders after its net profit more than doubled from already record levels last year, fuelled by the energy crisis stoked by Russia’s invasion of Ukraine. The Swiss-based commodities trading company, which is owned by 1,100 shareholders mainly made up of executives and traders at
Stock, drop, and roll — Adobe Stock begins selling AI-generated artwork AI-wielding artist must assert ownership and label each piece as “Generative AI.” Benj Edwards – Dec 6, 2022 11:12 pm UTC Enlarge / An AI-generated watercolor illustration, now eligible for inclusion in Adobe Stock.Benj Edwards / Ars Technica reader comments 79 with 0 posters
Finance industry giant Fidelity Investments emailed its customers today to announce: The wait is over that is the wait to buy Bitcoin BTC/USD through Fidelity. In late October, the firm released its fourth annual report on Digital Assets. The study found that 58% of institutional investors surveyed had invested in digital assets in the first
Fintech has not only changed the way we do business, but how we lead our daily lives. Millions of times every day, Americans use fintech apps like Venmo and Zelle to send money straight from their phones, or Paypal and TorFxto conduct business transactions. Today, there are more than 26,000 fintech companies worldwide, including the
Ultra-pretty ultraportable — Review: The 2022 Dell XPS 13 is more than just a pretty face Louder, lighter, and better-looking than your typical 13-inch XPS laptop. Scharon Harding – Dec 7, 2022 12:00 pm UTC EnlargeScharon Harding reader comments 7 with 0 posters participating Share this story Share on Facebook Share on Twitter Share on
The British Museum and the Greek government are reportedly in talks about returning the Parthenon Marbles — also called the Elgin Marbles — to Greece, according to media reports. The marbles are a series of sculptures that once decorated the exterior of the Parthenon, a temple on the acropolis of Athens that was built between
In other news from Russia, President Putin on Monday signed legislation making it illegal to promote or praise LGBTQ relationships, or to express nonheterosexual orientations including in literature, film, television and websites.
China has announced wide-ranging relaxations to President Xi Jinping’s contentious zero-Covid restrictions, including for the first time home quarantine, as further evidence emerged of the economic damage from the pandemic controls. The new measures, outlined on Wednesday by the State Council, China’s cabinet, were foreshadowed by a meeting of the Chinese Communist party’s politburo that
In a risk-off environment where cryptocurrency has plummeted to a fraction of its previous valuation, its no secret raising capital in 2022 has become a challenge for startups and industry behemoths alike. But for those still building in the space, bear markets are pivotal for creating a foundation for the next market frenzy. While the
homeward bound — After lunar flyby, NASAs Orion spacecraft is set to splash down on Sunday NASA is now three weeks into a 25.5-day test flight of the Orion spacecraft. Eric Berger – Dec 6, 2022 2:38 pm UTC Enlarge / Orion, the Moon, and a crescent Earth on Monday.NASA reader comments 49 with 0
Apple Inc.AAPL co-founderSteve Wozniakhas describedBitcoinBTC/USD as the only cryptocurrency thats pure-gold mathematics. What Happened: Wozniak made the comments about Bitcoin in aninterviewwith Business Insider, adding that many cryptocurrencies are untrustworthy and have a track record of being rip-offs. There are so many cryptocurrencies that come out now; everybody has a way to create a new