Politics can make for strange bedfellows, and, according to a popular rumor in crypto circles, one of the stranger alliances involves progressive icon Sen. Elizabeth Warren (D-Mass.) and a short-seller named Marc Cohodes who cashed in on the collapse of Silvergate and Signature banks. Cohodes is very active in Washington, D.C., where he shopped a research memo about the banks to numerous lawmakers and to agencies like the Office of the Comptroller of the Currency. I’d heard about the rumor from two people in Washington, one of whom shared Cohodes’s memo, and who say Warren’s office used it...…Politics can make for strange bedfellows, and, according to a popular rumor in crypto circles, one of the stranger alliances involves progressive icon Sen. Elizabeth Warren (D-Mass.) and a short-seller named Marc Cohodes who cashed in on the collapse of Silvergate and Signature banks. Cohodes is very active in Washington, D.C., where he shopped a research memo about the banks to numerous lawmakers and to agencies like the Office of the Comptroller of the Currency. I’d heard about the rumor from two people in Washington, one of whom shared Cohodes’s memo, and who say Warren’s office used it...WW…

·May 4, 2020, 3:59 PM UTCThe popular stock-picking app Robinhood announced on Monday it raised a Series F funding round that will see the company valued at $8.3 billion. The $280 million cash infusion is being led by Sequoia Capital and comes at a time that Robinhood is seeing a spike of new customers and trading activity during the pandemic.According to co-CEO Vlad Tenev, Robinhood has added 3 million funded accounts since the start of the year, while its daily trading volume for March was three times higher than its fourth quarter average.“The purpose of the capital raise is to enable us...…·May 4, 2020, 3:59 PM UTCThe popular stock-picking app Robinhood announced on Monday it raised a Series F funding round that will see the company valued at $8.3 billion. The $280 million cash infusion is being led by Sequoia Capital and comes at a time that Robinhood is seeing a spike of new customers and trading activity during the pandemic.According to co-CEO Vlad Tenev, Robinhood has added 3 million funded accounts since the start of the year, while its daily trading volume for March was three times higher than its fourth quarter average.“The purpose of the capital raise is to enable us...WW…

·July 16, 2020, 2:33 PM UTCJoshua Argires received nearly $1 million from the federal Paycheck Protection Program to help 51 employees at his “Texas Barbecue” to weather the COVID outbreak.But according to , Texas Barbecue had no employees and only a website with nothing for sale. Meanwhile, Argiries allegedly sent the $956,250 he received to an account at the cryptocurrency company Coinbase via a series of five wire transfers.On Tuesday, the Department of Justice announced Argiries has been charged with wire fraud, bank fraud and engaging in unlawful monetary transactions.The Justice...…·July 16, 2020, 2:33 PM UTCJoshua Argires received nearly $1 million from the federal Paycheck Protection Program to help 51 employees at his “Texas Barbecue” to weather the COVID outbreak.But according to , Texas Barbecue had no employees and only a website with nothing for sale. Meanwhile, Argiries allegedly sent the $956,250 he received to an account at the cryptocurrency company Coinbase via a series of five wire transfers.On Tuesday, the Department of Justice announced Argiries has been charged with wire fraud, bank fraud and engaging in unlawful monetary transactions.The Justice...WW…

·July 9, 2020, 7:39 PM UTCOur mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, .President Trump this week mused about , which has reportedly been downloaded over 165 million times in the U.S.His comments came a day after Secretary of State Mike Pompeo such a ban as part of an escalating trade war with China. TikTok is owned by , and critics warn that the Chinese government can spy on its users.But while the Trump administration has talked about “banning” TikTok, it’s unclear how exactly such a ban would be carried out....…·July 9, 2020, 7:39 PM UTCOur mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, .President Trump this week mused about , which has reportedly been downloaded over 165 million times in the U.S.His comments came a day after Secretary of State Mike Pompeo such a ban as part of an escalating trade war with China. TikTok is owned by , and critics warn that the Chinese government can spy on its users.But while the Trump administration has talked about “banning” TikTok, it’s unclear how exactly such a ban would be carried out....WW…

·July 20, 2020, 2:09 PM UTCOur mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, .A gunman posing as a driver shot and killed the 20-year-old son of a federal judge in North Brunswick, N.J., on Sunday, and badly wounded her husband.The judge in question is Esther Salas. Earlier in the week, she was assigned to oversee a lawsuit brought by investors against in the handling of financial matters related to sexual predator Jeffrey Epstein.The motive for the shooting is unclear. On Sunday evening, federal law enforcement asked...…·July 20, 2020, 2:09 PM UTCOur mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, .A gunman posing as a driver shot and killed the 20-year-old son of a federal judge in North Brunswick, N.J., on Sunday, and badly wounded her husband.The judge in question is Esther Salas. Earlier in the week, she was assigned to oversee a lawsuit brought by investors against in the handling of financial matters related to sexual predator Jeffrey Epstein.The motive for the shooting is unclear. On Sunday evening, federal law enforcement asked...WW…

·July 22, 2020, 4:00 PM UTCFederal agents in military uniforms have recently off the streets of Portland, Ore., and driven them away in unmarked vans. President Trump, who claims such tactics are necessary to restore law and order, has vowed to carry out similar measures in other U.S. cities.The incidents—including the who questioned the agents’ authority—have triggered alarm from critics across the political spectrum. They have raised questions about the identity of the “Trump troops,” as some are calling them, and the legal justification for their presence. Here is a plain English...…·July 22, 2020, 4:00 PM UTCFederal agents in military uniforms have recently off the streets of Portland, Ore., and driven them away in unmarked vans. President Trump, who claims such tactics are necessary to restore law and order, has vowed to carry out similar measures in other U.S. cities.The incidents—including the who questioned the agents’ authority—have triggered alarm from critics across the political spectrum. They have raised questions about the identity of the “Trump troops,” as some are calling them, and the legal justification for their presence. Here is a plain English...WW…

·April 21, 2020, 3:59 PM UTCThe CEO of , a San Francisco-based finance and cryptocurrency firm, filed a lawsuit on Tuesday that accuses the streaming giant of turning a blind eye to scams that have defrauded consumers.In filed in San Francisco federal court, Garlinghouse and Ripple accuse YouTube of damaging their brand and reputations, and demand an unspecified amount of financial compensation. The complaint also asks the court to forbid YouTube from profiting from the scams, or from allowing them to continue.The alleged scams in question resemble those found on other social media...…·April 21, 2020, 3:59 PM UTCThe CEO of , a San Francisco-based finance and cryptocurrency firm, filed a lawsuit on Tuesday that accuses the streaming giant of turning a blind eye to scams that have defrauded consumers.In filed in San Francisco federal court, Garlinghouse and Ripple accuse YouTube of damaging their brand and reputations, and demand an unspecified amount of financial compensation. The complaint also asks the court to forbid YouTube from profiting from the scams, or from allowing them to continue.The alleged scams in question resemble those found on other social media...WW…

·March 5, 2020, 1:00 PM UTCIn January, a new law gave consumers the power to stop companies collecting their personal information. The law, known as the California Consumer Privacy Act (or ), can be a powerful tool for privacy, but it comes with a catch: Consumers who want to exercise their CCPA rights must contact every data broker individually, and there are more than a hundred of them. But now they have an easier option.On Thursday, a startup called unveiled a service it calls Digital Health that automates the data-deletion process. Priced at $3 a month, the service will contact more...…·March 5, 2020, 1:00 PM UTCIn January, a new law gave consumers the power to stop companies collecting their personal information. The law, known as the California Consumer Privacy Act (or ), can be a powerful tool for privacy, but it comes with a catch: Consumers who want to exercise their CCPA rights must contact every data broker individually, and there are more than a hundred of them. But now they have an easier option.On Thursday, a startup called unveiled a service it calls Digital Health that automates the data-deletion process. Priced at $3 a month, the service will contact more...WW…

·August 11, 2020, 2:35 PM UTCMicroStrategy, a Virginia-based business intelligence software company that trades on the NASDAQ, announced on Tuesday it has acquired 21,454 Bitcoin in what describes as a “capital allocation strategy.”The move is a novel one for a publicly traded firm. While many companies put surplus capital into bonds and other investments as part of their treasury management strategies, a bet of this size on Bitcoin is all but unheard of.“[I]nvesting in the cryptocurrency would provide not only a reasonable hedge against inflation, but also the prospect of earning a higher...…·August 11, 2020, 2:35 PM UTCMicroStrategy, a Virginia-based business intelligence software company that trades on the NASDAQ, announced on Tuesday it has acquired 21,454 Bitcoin in what describes as a “capital allocation strategy.”The move is a novel one for a publicly traded firm. While many companies put surplus capital into bonds and other investments as part of their treasury management strategies, a bet of this size on Bitcoin is all but unheard of.“[I]nvesting in the cryptocurrency would provide not only a reasonable hedge against inflation, but also the prospect of earning a higher...WW…

·August 13, 2020, 5:00 PM UTCCompanies have poured tens of billions into driverless vehicles, but they have yet to change how we get around—we still rely on cars and trucks driven by humans. One reason for this could be that companies have been focusing on the wrong problem: They have put all their efforts into vehicles and not the roads that carry them.That is set to change thanks an ambitious new project in Michigan that will connect two of the state’s key cities—Detroit and Ann Arbor—with a new corridor dedicated just to autonomous vehicles. The plan is being led by Cavnue, an...…·August 13, 2020, 5:00 PM UTCCompanies have poured tens of billions into driverless vehicles, but they have yet to change how we get around—we still rely on cars and trucks driven by humans. One reason for this could be that companies have been focusing on the wrong problem: They have put all their efforts into vehicles and not the roads that carry them.That is set to change thanks an ambitious new project in Michigan that will connect two of the state’s key cities—Detroit and Ann Arbor—with a new corridor dedicated just to autonomous vehicles. The plan is being led by Cavnue, an...WW…