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Report: 'Bitcoin Jesus' Has Been Forsaken
About a year ago Bitcoin reached a truce to end what had become a civil war between two factions of digital currency developers who had split on the issue of scaling the coin: There were those who wanted Bitcoin to be more of a commodity, like gold, with a limited supply that can accrue value; and those who wanted Bitcoin
Google Employees Revolt Over Planned Censored Search Engine in China
A couple of weeks after The Intercept detailed Google's controversial strategy to re-enter the Chinese market with a censored version of its search engine, an employee revolt appears to have put the brakes on the plan - or at least slowed it down. The Wall Street Journal reported that while Google chief executive officer Sundar Pichai defended the company's plan
What Wall Street Thinks of Nvidia's Q2 Earnings
NVIDIA Corporation (NASDAQ: NVDA) stock fell 5 percent Friday after the company missed market expectations with its third-quarter guidance. Several Wall Street analysts weighed in on Nvidia stock following the earnings report. Here’s a rundown of what they had to say. Cryptocurrency Noise Bank of America analyst Vivek Arya said cryptocurrency noise is now gone and investors can look forward
Report: Tesla Board Searching For No. 2 Exec as Concerns Raised About Elon Musk's Drug Use
There's a lot to unpack with the ongoing turmoil facing Elon Musk: From his original tweet expressing his desire to take Tesla private to his follow-up blog post trying to explain his shocking tweet and then, of course, the subpoena served by the Securities and Exchange Commission over said tweet. And now in a new interview published on Friday by
Investor Sues AT&T For $224M Over Cryptocurrency Theft
An investor from California has filed a $224-million lawsuit against AT&T, alleging the company was negligent in allowing hackers to steal about $24 million worth of cryptocurrency from him, as CNBC reports. The complaint, filed by Michael Terpin in the U.S. District Court in Los Angeles, accused the telecommunications behemoth of "willing cooperation with the hacker, gross negligence, violation of
5 Most Expensive Vinyl Records Ever Sold
Vinyl records are making a comeback among the youngest generation of music listeners, and the hobby of collecting classic records isn’t as cheap as it may seem. Listeners may still be able to find 50-cent records in the bargain bin of a local thrift store or at the yard sale down the street, but a mint-quality LP typically costs between
These 4 Things Kept Me Sane as I Bootstrapped My Company
We’re living in the era of VC-backed everything. These days, it can feel like every new startup is raising seven figures, or working toward a seed, A, B, or C round. To make a cheesy analogy, investors are the new black, and everyone is getting in on the million-dollar action and billion-dollar evaluations. As a business owner, I can tell
Coinbase Acquires Distributed Systems, Boosting its Efforts on Digital Identity
Coinbase has taken a significant step toward building on its blockchain-based identity security efforts by acquiring Distributed Systems, a five-person strong San Francisco-based startup, which has been developing an open identity standard for decentralized apps, or dApps. According to TechCrunch, three of Distributed Systems' team members will work with Coinbase's Toshi decentralized mobile browser team, while CEO Nikhil Srinivasan and co-founder
Chinese Tech Stocks Extend Slide on Earnings, Macro Worries
Signals of a possible earnings recession triggered negative reaction among Chinese tech stocks, sending them lower for the second straight session Wednesday. The Guggenheim China Technology ETF (NYSE: CQQQ), which consists of 60 Chinese tech companies, shed 4.6 percent Tuesday and was down nearly 5 percent at the time of publication Wednesday. What Happened The sharp drop in shares of
The State of Black Women Getting Funding in 2018
Last year, Fast Company did a deep dive into the world of black women founders; the money (or lack thereof) that they raise, the challenges they circumvent, and what could be done to alleviate some of their problems. Then, Elizabeth Holmes, who raised $750 million, was found to have no viable product. Questions were asked about what that would do to women founders, and particularly would