Amid the speculation and volatility of the casino-like land of cryptocurrencies, there is still a subset of individuals who embrace blockchain's ability to decentralize various aspects of human activities for the greater good. Taikoo founder Daniel Wang is one of these exemplary founders. Wang, a serial entrepreneur, initially wanted to decentralize social platforms. Decentralized networks such as blockchain are believed to help resist censorship through distributed data storage and community content moderation. “I hope the next generation grows up with the freedom and ability to say anything on the internet,” he told me in November at an Ethereum developer conference.…
Author: ricardofrancois
Good morning, and welcome to L.A. on the Record – City Hall's newsletter. It's Dakota Smith at the helm, assisted by David Zaniser. the news Get the lowdown on Los Angeles politics Sign up for the LA City Hall newsletter for weekly insights, scoops and analysis. Enter your email address Involve me You may occasionally receive promotional content from the Los Angeles Times. A stretch limousine and a chainsaw.Mixed images appear on political mail in the northwest San Fernando Valley in an increasingly heated race for Los Angeles City Council.The two candidates, Councilman John Lee and his challenger, Serena Oberstein,…
The parent company of the Toronto Stock Exchange has already completed a major deal this year: its acquisition of ETF education company VettaFi.According to TMX Group CEO John McKenzie, the deal helps expand the exchange-traded fund business globally.“The exchange-traded fund is one of the most important innovations in investing in the history of the market — at least in the last 20. [to] “30 years,” McKenzie told CNBC's “ETF Edge” this week. “What we were really looking to do was … dig deeper into providing more support to our clients.”Although ETF activity has slowed from its 2022 records, activity in…
From AirPower to abandoned tablets, Apple's path to success is littered with failure Apple has canceled it It plans to enter the auto industry with its mysterious autonomous electric car, and is instead shifting focus to the wildly popular world of generative artificial intelligence. The project has seen the company hire prominent executives from places like Tesla and Ford. Its end led to the loss of jobs for some employees, while others changed departments within the company. The so-called Project Titan has reportedly been in the works since 2014. It could have proven intense competition with Tesla and others, given…
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we break down the numbers and nuances behind the headlines. This is our interview programme, where we sit down with a guest, reflect on their work, and reveal the rest. This week, we spoke to David Velez, co-founder and CEO of Nubank, the $50 billion São Paulo, Brazil-based digital bank that offers credit cards, checking accounts, and life insurance to consumers. How Nubank managed to increase its market capitalization by more than 40% in eight months and achieve…
Good morning, and welcome to the Essential California newsletter. It's Saturday, March 2nd. I'm Harriet Ryan, an investigative reporter at the Los Angeles Times. Here's what you need to know to start your weekend: the news Start your day right Sign up for Essential California to get news, features and recommendations from the LA Times and beyond in your inbox six days a week. Enter your email address Involve me You may occasionally receive promotional content from the Los Angeles Times. He spent 19 years in prison for a crime he did not commit. His freedom became official on Tuesday.…
Palestinians carry their empty containers to fill with food, distributed by charitable organizations, behind bars because they are unable to obtain basic food supplies due to the siege imposed by Israeli forces on Rafah in Gaza on February 25, 2024. Abed Zaqout | Anatolia | Getty ImagesPresident Joe Biden announced Friday that the United States will drop food aid to the Gaza Strip, indicating that the humanitarian aid flowing into the region for the Palestinians is insufficient.When announcing the decision regarding airdrops during a meeting in the Oval Office held with Italian Prime Minister Giorgia Meloni, Biden said: “The aid…
The latest UC Berkeley Institute of Government poll co-sponsored by The Times shows Republican Steve Garvey with a slight lead with days remaining in the U.S. Senate primary.The poll shows a marked rise in support for the former Dodger in a race featuring three well-known Democrats — Reps. Adam B. Schiff, Katie Porter and Barbara Lee. It's the latest indication that Garvey could win one of the two seats in the general election, which still heavily favors the Democratic candidate.How did Garvey get here? Here is an explanation from the pages of The Times: Primaries: Good for Garvey Garvey is…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Former Macquarie star commodities trader Nick O'Kane has agreed to terms to join Mercuria as the Swiss trading house seeks to expand its gas and power business, according to people familiar with the discussions.The sources said that according to the initial agreement, Okin will be based in Dubai initially. The 50-year-old Australian will join in a senior leadership role to grow Mercuria's gas and power activities, particularly in Asia, one of the people added. The appointment has not yet been finalized, the…
Company Getty Images)Bartosz Sedlec | AFP | Getty ImagesLawyers have asked a Delaware judge to award them Tesla stock worth nearly $6 billion as of Friday as a fee for successfully arguing that CEO Elon Musk's 2018 pay package was illegal. The fee would dwarf attorneys' payday records if approved by a judge. Lawyers who worked on Enron-related class actions earned $688 million in fees in 2008. Lawyers had previously convinced a Delaware court to void Musk's $56 billion pay package from 2018, with the judge ruling that Tesla's board had failed to prove it was fair to shareholders.On Friday,…