Losing money on it

New York (CNN Business) Heists continue to plague the crypto world, with news of large sums stolen from digital currency firms seemingly every month. But while crypto exchanges were once the main point of attack, hackers now appear to have a new target: blockchain bridges. Bridges are the infrastructure that allow users to exchange assets between different blockchains, the digital database underpinning major cryptocurrencies. When a bridge service swaps one coin for another, it "wraps" the currency so that it will function on the other blockchain. A wrapped coin does not become another currency altogether -- "it just looks like it," Tom Robinson, chief scientist at blockchain analysis firm Elliptic, told CNN Business. Instead, a "token" is issued to represent the new coin on the different blockchain. "I deposit my Bitcoin in the bridge. In return for doing that, I receive a Bitcoin token on the Ethereum blockchain, and then I can transfer that Bitcoin token, which is what is … [Read more...] about Another crypto bridge attack: Nomad loses $190 million in ‘chaotic’ hack

A view of Praca do Comercio in Lisbon, Portugal, May 11, 2021. - A + A NEW YORK/LISBOA (Aug 3): For wealthy Chinese looking to flee stifling pandemic lockdowns and political tensions, Portugal has a lot to offer. Mild weather, a laid-back and affordable lifestyle and investor visas that allow access to the whole European Union — all for as little as 350,000 euros. It’s a pitch that’s lured thousands of Chinese over the past decade, helping to reshape Portugal’s urban landscape as part of a tide of new money that reached US$1 billion annually at its peak in 2014. Eight years on, that wave is drying up. It’s not for lack of demand. Quite the contrary: more wealthy Chinese are attempting to leave — or at least prepare a backup plan — as the country’s Covid-Zero policy has dented economic growth. Investment migration consultancy Henley & Partners estimates 10,000 high-net-worth residents are seeking to pull US$48 billion from China this year. In the past, some … [Read more...] about Wealthy Chinese are losing their favourite escape route to Europe

The best real money online casinos in Australia should have all the top games, the most generous bonuses, and a sterling reputation. But with so many sites to choose from, how can you be sure the real money Australian casino you choose is up to scratch? Well, we’re here to help: These AU casino sites host thousands of immersive games (including the latest online pokies!) and promote generous bonuses that get you started on the right foot. You’ll also get to enjoy hassle-free payouts if you win real money thanks to their variety of banking options. Ricky Casino was our #1 pick overall, but we’ve got more casinos ready to compete for the throne. Sounds good? Let’s go. Top Real Money Online Casinos in Australia Ricky Casino: Best overall Hellspin: Best game variety Las Atlantis: Top pick for mobile Cloudbet: Best for sports betting Casino Rocket: Best bonuses 1. Ricky Casino – No. 1 Real Money Online Casino in Australia Overall Pros 3,000+ online … [Read more...] about Online Casinos in Australia for Real Money: Best Real Money Australian Casinos Online

File image of Republican leader and former US president Donald Trump (Image: Reuters) Online fundraising has slowed across much of the Republican Party in recent months, an unusual pullback of small donors that has set off a mad rush among Republican political operatives to understand why — and reverse the sudden decline before it damages the party’s chances this fall. Small-dollar donations typically increase as an election nears. But just the opposite has happened in recent months across a wide range of Republican entities, including every major party committee and former President Donald Trump’s political operation. The total amount donated online fell more than 12% across all federal Republican campaigns and committees in the second quarter compared with the first quarter, according to an analysis of federal records from WinRed, the main online Republican donation-processing portal. More alarming for Republicans: Democratic contributions surged at the same time. Total … [Read more...] about Republicans confront unexpected online money slowdown

Share to Twitter Share to Linkedin Director and CIO of cKers Finance, and co-founder of global sustainability advisory firm cKinetics. Carbon markets today are estimated to be worth over $100 billion and are expected to grow in the coming years. This potential spike in value could lead to a great opportunity for both the environment and investors. Has a new gold rush started? Let’s take a closer look. Carbon Is A Way To Put Value On A Scarce Resource: Air Imagine that our Earth was the size of an apple. Our atmosphere would be similar to the skin of the apple. That is how small our atmosphere is. The atmosphere stretches a mere 6.2 miles after which it rapidly loses its air density. So far, we have deemed air to be an endless resource, but that is clearly not the case. Carbon markets are a way to put a price on the real estate that exists above our heads. Combatting Climate Change By Bringing Carbon Markets To The Forefront … [Read more...] about Could Carbon Markets Become Larger Than Oil And Gas?

Share to Twitter Share to Linkedin Vice Chairman of Red Hook Capital family of funds such as KenetiK Capital LLC for leverage buyout and RHC 21 for co-investing in funds. The number one priority for most entrepreneurs and early-stage startup founders is finding a way to fund their business idea. Identifying and securing investment dollars is the make or break stage for most startups, and working with the right investor is critical to success. Once your business plan is buttoned up and you’re ready to meet with potential investors to pitch your idea, it’s time to identify the best type of investor. There are several different investment buckets with different risk levels associated with each. Make sure you’re working with the right level of investor—someone who has the correct level of institutional knowledge—or risk losing time and money. To help navigate the investment scene for early stage startups, I break the many investor types into different … [Read more...] about How To Identify The Right Source Of Investment For Your Startup

It's been a tough few weeks for Meta , the parent company of Facebook, Instagram, and WhatsApp. The company announced its first-ever drop in quarterly revenue on the same day the FTC announced it was suing to block the company's attempt to purchase Within, maker of the popular Supernatural VR app. Before that, CEO Mark Zuckerberg faced criticism for telling employees that some of them should probably quit. Then, the company announced that starting Monday, it is raising the price of the Quest 2 by $100. It's still the same VR headset, with the same hardware and software. If you bought one last week, it will function exactly the same as it does now that it costs more. Nothing else has changed. Well, to be fair, one other thing has changed. I don't think it's a coincidence that August is when Zuckerberg has said you will no longer have to log in with your Facebook account. That may not sound like a big deal, but it means Meta is losing out on all of the … [Read more...] about Mark Zuckerberg Just Raised Prices on the Quest 2. It’s How You Know the Metaverse Isn’t Coming Any Time Soon

Apple isn't exactly known for taking risks. Even when it launches something new, it's usually after a lot of careful consideration. It's almost never first to a new market, preferring instead to take its time watching everyone else try and figure it out . That's understandable--as the world's most valuable company , it has a lot to lose. Also, there's the fact that it owes its $2.5 trillion market cap to the fact everything it makes is built on the promise of being simple and secure. Apple, after all, is the it-just-works company . Of course, when it does get involved, it usually ends up on top . That's why it's so interesting to think about Apple and crypto. To most people, crypto is either a weird hobby that your computer-savvy friend is into but no one else understands, or it's a scam (or some degree of both). It has to do with mining or buying strangely named digital "coins," and hoping the value goes up enough that lots of other people buy them, making the … [Read more...] about Why the Future of Crypto Is Entirely Up to Apple

When I had the idea for Credit Karma eight years ago, a service that would provide consumers with free access to their credit scores, I knew it wasn't something that could be bootstrapped with $50. I needed a team to bring the idea to life. There were three of us, originally, and we knew we wouldn't have the revenue model in place to support the business for a while. Like so many other new startups, our survival was going to depend on our ability to raise venture capital. Fundraising is intimidating. There's so much attention given to successful, early-stage companies raising huge amounts of money--companies that are essentially outliers--that it's easy to feel like you're falling behind. It's not a skill that comes naturally to many people. I still remember my first pitch. It was to a tier-one VC firm, well before I was ready. I improved in time though and have learned the following five lessons over the years. 1) Find people who'll give you honest feedback … [Read more...] about The 5 Keys To Successful VC Fundraising

Share to Twitter Share to Linkedin More workers are finding themselves out of a job (or becoming worried they might soon be) as a string of high-profile companies , mostly startups and in tech, have moved to freeze hiring or even to slash workers and rescind job offers. New unemployment claims edged up to an eight-month high last week . Initial unemployment claims increased by 7,000 to 251,000 in the week ending July 16, making the four-week moving average rise by 4,500 to 240,500, according to the Department of Labor. Those numbers are still a marked improvement from last July, when the four-week average of unemployment claims hit more than 405,000. And the actual unemployment rate in June (the last month reported) is still a rock bottom 3.6% . Still, fears of an impending recession have made nearly 80% of Americans worried about their job security, with almost a quarter of workers extremely concerned about their job security, a recent survey … [Read more...] about Worried About Layoffs? 5 Tips For Job Seekers (And Job Seekers-To-Be) In A Slowing Economy