Two months ago, any list of most admired US bankers would have included Jim Herbert. A shrewd and driven businessman, Herbert grew First Republic, his California-based lender, from just nine employees to America’s 14th largest bank by offering affluent urban professionals cheap mortgages and personalised service. Now everything Herbert, aged 78, has worked for is
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Tim Draper, one of the most known Silicon Valley venture capitalists, has played a crucial role in the Draper VC dynasty. Not only because he was an early investor in tech firms like Tesla or Skype but also because he made a turning point in the Draper family’s path to Bitcoin (BTC). In the latest
When Barry Humphries died last week, a third ventricle burst in the hearts of many of his fellow Aussies. It was hard enough with Robert Hughes and Clive James gone. We pray Germaine Greer keeps pumping forever, so to speak. Some may wonder what the fuss is about. But a sense of loss for a
By the standards of Big Tech’s recent pandemic boom, the start to 2023 has hardly been a period for the history books. The first-quarter growth rates of 3 to 9 per cent reported this week by Alphabet, Amazon, Meta and Microsoft are a far cry from two years ago, when surging demand for digital services
Polygon Labs and Google Cloud announced a multi-year partnership at Consensus 2023 that will see the cloud computing service provider help boost the development of the Ethereum (ETH) scaling protocol’s tools and infrastructure. Polygon’s core protocols, including Polygon PoS (proof-of-stake), Polygon zkEVM and Polygon Supernets, are set to benefit from the provision of Google Cloud’s
The Amazon logo on a locker in Annapolis, Maryland, on February 2, 2023, ahead of earnings report. Jim Watson | AFP | Getty Images Check out the companies making headlines in premarket trading. Capital One — Shares were down 3.3% after disappointing quarterly earnings. The company earned an adjusted $2.31 per share, well below a
Anheuser-Busch announced this week that two executives had gone on leaves of absence after a stunt for Bud Light involving Dylan Mulvaney, a transgender actress and TikTok influencer, became the latest battle in the US culture war. Their fate will send a shiver down the spines of many other marketers. “We never intended to be
The UK’s move to block Microsoft’s takeover of video games maker Activision Blizzard risks damaging the country’s tech sector, according to industry executives, investors and start-up entrepreneurs who have attacked the landmark decision. The Competition and Markets Authority ruled to block the $75bn transaction on Wednesday, dealing a potentially fatal blow to what would be
If Bitcoin (BTC) were a country, it might be one of the biggest in the world. That’s according to Jeff Booth, general partner at Bitcoin venture fund Ego Death Capital and author of The Price of Tomorrow: Why Deflation is the Key to an Abundant Future. Cointelegraph spoke to Booth to better understand and visualize the Bitcoin movement’s
Switzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks Unable to Implement Recovery Plans, Finma Finds
press release PRESS RELEASE. Zagreb, Croatia, 28th April 2023, Chainwire AIGameToEarn, an innovative platform combining artificial intelligence and gaming, started the whitelisting signups for its upcoming launch. The list is open to 2,000 lucky individuals, of which 200 spots are reserved for contributors, giveaways, and contest winners. Those who hurry and get whitelisted can purchase
On April 26, House Republicans scarcely passed their bill to increase the U.S. debt ceiling. This led to analysts already weighing its potential impact on the price of Bitcoin (BTC), ranging from extremely bearish to overly bullish. Ultimately, U.S. dollar liquidity is the key to both of these opposing viewpoint. “Deflationary recession” to produce 2020-like BTC
As cryptocurrencies increasingly fall under the purview of global tax authorities, digital bank Revolut has integrated an automated tax reporting service for its users. The digital financial services provider has partnered with cryptocurrency tax solution Koinly to allow users to generate cryptocurrency tax reports to work out gains and losses. Revolut users will be able
A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a climb to $2,500 per ounce. Presently priced at $1,983 per unit, the precious metal remains just shy of the $2,000 threshold. However, if it were to achieve the projected $2,500 target,
Let others argue over whether Deutsche Bank’s agreed bid for Numis is a demonstration of confidence or a distress signal. Not for us are debates about whether the £410mn offer is an endorsement of the London market’s durability or a wildly expensive way to cross-sell to just 166 corporate broking clients. Not for now are
Richard Sharp has been forced to resign as BBC chair after an investigation found that he breached the rules after failing to declare a role in the loan guarantee made to Boris Johnson before his appointment. Sharp has been under increasing pressure after an investigation was launched by Adam Heppinstall KC into whether he had
European stocks and US futures fell at the open on Friday as investors took profits following a rally in technology stocks, while inflation data stirred concerns that eurozone interest rates would have to increase further to stave off price rises. The pan-European Stoxx 600 was down 0.3 per cent while Germany’s Dax dropped 0.4 per
Bitcoin (BTC) traders may be gearing up for a sell-off as data shows tens of thousands of coins moving to exchanges. The latest figures from on-chain monitoring resource Coinglass confirm that global trading volume leader Binance’s BTC balance rose by over 50,000 BTC ($1.5 billion) in the past 30 days. Binance takes lion’s share of
The Hong Kong Monetary Authority (HKMA), the city’s central banking institution and regulator, has called on banks to provide their services to cryptocurrency firms. On April 27, HKMA issued a circular related to the access of corporate customers to banking services. In the document, the regulator has required authorized institutions, referred to as AI, to
Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report suggests that as much as $20 million worth of crypto may have been stolen. Criminals
The shifting patterns of fighting in Sudan have allowed foreign nationals to escape and given the warring sides an opportunity to assess their rival’s capabilities and fine-tune their battle plans. The power struggle that erupted two weeks ago, which analysts fear could precede a bloody and protracted conflict, has pitted Sudan’s army, led by the