Eric and Donald Trump Jr., the sons of former president Donald Trump, have pledged to “make finance great again” with a new family-run crypto endeavor called World Liberty Financial. In a meandering livestream on X on Monday, the Trump family and their associates described World Liberty Financial as a crypto …
Read More »
One night in May, Mikol Ayala stood in an empty parking lot in Florida with his arms out to his side and legs akimbo as two people covered him in isopropyl alcohol. “Get ready to put me out,” Ayala told them. Then the fireworks began. The scene, illuminated by a …
Read More »
Paolo Ardoino, the new CEO of crypto company Tether, is grappling with a difficult but enviable problem: how best to spend billions of dollars. Recently flush with cash, Tether is pushing into unfamiliar new fields, like AI. Ardoino’s ambitious plan is to mount a challenge to Microsoft, Google, and Amazon. …
Read More »
OpenAI CEO Sam Altman’s decade-in-the-making effort to understand how handing out free money affects recipients and the broader economy delivered its first big results Monday. OpenResearch found that when it gave some of the poorest Americans $1,000 a month for three years with no strings attached, they put much of …
Read More »
On a cloud-darkened morning in March, a group of software developers fought their way through the crowds of tourists and puddled streets of Central London. In twos and threes, they filtered into an office on the edge of Soho, hidden in plain sight on a street of showy Tudor and …
Read More »
This story originally appeared on Slate and is part of the Climate Desk collaboration. If you’re one of the millions of Americans worried about your pocketbooks and the general cost of living, you might have picked up on some good news recently: Inflation has really been cooling off this summer, …
Read More »
On the evening of May 12, Keith Gill posted an image to his X account, depicting a man sitting forward in his chair. It’s a popular meme, used to say something like It’s time to get serious. Shortly after the New York Stock Exchange opened for trading the following morning, …
Read More »
WeWork is set to become a smaller—and potentially rightsized—company. Following a final hearing on its bankruptcy plan Thursday morning, the coworking pioneer will have fewer locations, a new influx of capital, and $4 billion in debt wiped from its books. In a packed courtroom in Newark, New Jersey, Judge John …
Read More »
Billy Restey is a digital artist who runs a studio in Seattle. But after hours, he hunts for rare chunks of bitcoin. He does it for the thrill. “It’s like collecting Magic: The Gathering or Pokémon cards,” says Restey. “It’s that excitement of, like, what if I catch something rare?” …
Read More »
Some creditors of the bankrupt crypto exchange FTX are preparing to reject a plan that would see them recover 118 percent of the money they lost. The proposal is far less generous than it might seem, they claim. Starting in January, the FTX creditors began to form a voting block, …
Read More »