Billionaire investor Tim Draper has earned the title "adventure capitalist" by betting on a series of notable tech successes, including Hotmail, Skype, SpaceX, AngelList, SolarCity, Twitter, DocuSign, Coinbase, Robinhood, and Ancestry.com. Draper was an early supporter of Bitcoin BTC/USD and has made early predictions which for the past eight years have turned out to be
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The EU is debating a bloc-wide response to the abrupt end of China’s zero-Covid containment policy, as capitals across the world seek to contend with surging infections in the country. Giorgia Meloni, Italy’s new prime minister, called on Thursday for the EU to follow Rome’s move to test all air arrivals from China for coronavirus
Ad Astra — Top US launch companies of 2022The Ars Technica power ranking The top three were easy to choose. After that, things got tough. Eric Berger – Dec 28, 2022 1:00 pm UTC Enlarge / A Falcon 9 rocket launches the OneWeb-1 mission to orbit on Dec. 8, 2022. Trevor Mahlmann reader comments 73
The current real estate industry is rife with inefficiencies and inequality. On December 7th, Celligence and Sun West Mortgage President and CEO Pavan Agarwal, spoke at the Benzinga Future of Crypto Conference to explore how blockchain is democratizing real estate and how Celligence is disrupting the industry status quo by putting the power into the
This is a terrible idea — Startup Make Sunsets promises to disrupt… the stratosphere? Claims to sell geoengineering warming offsets but can’t currently validate anything. John Timmer – Dec 28, 2022 7:57 pm UTC Enlarge / Stratospheric aerosols can make for great sunsets, regardless of how they get there.Rachel Dulson reader comments 0 with 0
SoFi Technologies Inc.'sSOFI shares jumped almost 10% on Wednesday after CEO Anthony Noto registered an insider purchase of $5 million in 1.1 million company shares. The personal finance and online bank had been experiencing headwinds as the Biden administration once again extended the payment pause on federal student loans, which according to a Bank of
As many as 1.2 million New Jersey drivers will begin paying more for their auto insurance in the new year under a bill Gov. Phil Murphy signed into law that increased the minimum amount of liability insurance drivers need to have in the state. Drivers affected by the controversial law can expect to pay around
Jeremy Blosson, Cofounder and CEO of Strikepoint Media, moderated the panel The Key To Winning Customers In Bear Markets" at Benzinga's Fintech Deal Day. Earlier this year, amid growing concerns of a recession, platforms were dealing with a crisis of confidence. After the FTX fiasco, platforms are now facing a crisis of trust. The panel
2020 and 2021 saw a massive expansion of digital offerings across nearly every industry. Many organizations implemented new partnerships to offer digital commerce and payment tools, or even invested in creating their own tools to address the abrupt and urgent need created by the pandemic. This trend was particularly evident in the digital health market,
Experts have been warning for months that there could be major issues delivering enough power to customers along the country’s Eastern corridor this winter if unseasonably cold temperatures hit, and those experts have now been vindicated. According to reports on Christmas Eve day, the powerful winter storm that saw temps plunge to record lows throughout
Broadband year in review — Comcast debacles dominate Ars Technicas biggest ISP horror stories of 2022 $210,000 fee for Comcast Internet, a plan to block competition, and more ISP stories. Jon Brodkin – Dec 28, 2022 12:16 pm UTC EnlargeGetty Images | Smith Collection/Gado reader comments 3 with 0 posters participating Share this story Share
George Parthimos, founder and CEO of Wolfpack Financials LLC, shared the motivation behind his company at Benzingas Fintech Deal Day. Parthimos has several sons who were interested in building a portfolio but were daunted by the complexity of investing in the stock market. Parthimos had the tools to educate his family but knew that many
Its been a bad month for many in the crypto world, including Gemini Exchange and its owners and founders, billionaire twin brothers Tyler Winklevoss and Cameron Winklevoss. On November 16, 2022, Gemini announced on its blog: Genesis Global Capital, LLC (Genesis) the lending partner of the (Gemini) Earn program has paused withdrawals and will not
Melissa Watras of Trillium Labs moderated the panel Regulation: The Problems, Solutions, And Ensuring A Balance at Benzingas Fintech Deal Day. Fintech is innovating at a pace that is difficult for regulators to keep up with. Much of the fintech space exists in a regulatory grey area that is dangerous to the government, consumers, and
Some of the UK’s largest banks have agreed measures with the government to help struggling borrowers as they brace for a surge in late mortgage payments. The so-called forbearance measures, which were used during the 2008 financial crisis, are an attempt by banks including HSBC, Barclays, Lloyds Banking Group and NatWest to avoid repossessions and
Mark Cuban, the billionaire owner of Dallas Mavericks,boldly defended Bitcoin BTC/USD while castigating anyone who invests in gold. What Happened: In an episode of Club Random podcast with host Bill Maher, released late on Sunday evening, Cuban shared his views on investing specifically, why he believes investing in gold is a bad idea. I want
Leading financial media outlet Benzinga hosted its annual Global Fintech Deal Day & AwardsThursday at Pier Sixty in New York City. Here'sa look at the annual event and the 2022 award winners. Benzinga Global Fintech Awards: Each year, Benzinga honors the top companies in the fintech sector that are building the future of financial services
Throughout 2022, the cryptocurrency sector sent out shockwaves that hitinvestors and those interested in entering into the market particularly Wall Street and fintech with themost recentcollapse of FTXhurting the development oftrust between Wall Street, fintech and cryptocurrencies. ButWall Street is still committed to entering the crypto industry, saidAdam Levine, vice president of corporate strategy at
Blockchain, the technology that underpins cryptocurrencies such as Bitcoin BTC/USD , can propel a traditional financial services firm into the next frontier of fintech. And yet, it's highly complicated and extremely scrutinized thanks to the current drama surrounding certain bad actors (i.e., Luna and FTX). "The scrutiny of the contagion of what has gone wrong
It’s crunch time for House Minority Leader Kevin McCarthy (R-Calif.). Members of Congress departed Washington on Friday with the group of House Republicans voicing opposition to McCarthy for Speaker showing no signs of wavering, setting up a dramatic Jan. 3 Speaker’s vote — or series of votes — on the first day of the 118th Congress. McCarthy