Enlarge (credit: JR-stock | iStock / Getty Images Plus) After a Crypto.com employee entered the wrong account number and mistakenly sent AU$10.5 million to an Australian woman who had requested an AU$100 refund, a court document shows it took seven months for the cryptocurrency exchange platform to discover its error. By that point, the transfer…
Monthly Archives: August 2022
Just how lucrative is the buy now, pay later (BNPL) market? New data from Klarna and recent earnings results from Affirm make it clear that building a global business in the fintech space is far from inexpensive. The two companies, Affirm American and Klarna Swedish, are among the most valuable players in the BNPL market…
Masha Bucher Contributor Share on Twitter Masha Bucher is the founder and general partner of Day One Ventures, an early stage venture capital firm that backs customer-focused startups and leads their communications. The contracting private tech markets are driving down the pricing and frequency of funding rounds, while inflation cuts into companies’ runways, meaning they…
Bosch said Wednesday it will invest more than $200 million into its South Carolina factory to build fuel cell stacks that will power hydrogen-powered electric commercial trucks in the United States. The South Carolina project is part of Bosch’s plan to invest more than $1 billion globally to develop fuel cell technologies by 2024. Capital…
Not sure if you’ve noticed, but real estate listings for fortresses with alligator-filled moats are in short supply nowadays. (Wild housing market, man.) Fortunately, recent advancements in home automation have prompted the development of a DIY alternative when it comes to anti-intruder and theft protection: the home security camera. Most major tech companies now offer…
Meet, J. An audio / visual artist who funneled her own pain not only into art, but into a cathartic musical instrument that wraps around her body. J is able to program different musical elements into buttons along her body and use them to create songs without requiring any other musical instruments. You can hear…
A trader works during the Fed rate announcement on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2019. Reuters/Brendan McDermid The market is in for another bottom before the end of the year, Morgan Stanley’s Mike Wilson said. Wilson thinks markets are too focused on the Fed and…
JK Rowling at the “Fantastic Beasts: The Secrets of Dumbledore” World Premiere in March 2022. Stuart C. Wilson/Getty Images JK Rowling says she chose not to participate in HBO Max’s Harry Potter reunion special. “I thought it was about the films more than the books, quite rightly,” she told Graham Norton. Speculation swirled at the…
Scott Olson/Getty Images CNBC reported that Sam’s Club is bumping up its entry-level membership price. The cost for entry-level members will rise to $50 annually, up from $45. Walmart did not immediately respond to Insider’s request for comment. Sam’s Club is cranking up its membership fees, CNBC reported. According to CNBC’s Melissa Repko, the members-only…
Former U.S. President Donald Trump. Allison Joyce/Getty Images The DOJ said it has evidence of “likely” efforts to obstruct its investigation into Trump. It’s the clearest sign to date that prosecutors are eyeing charging Trump with a crime. Evidence of the concealment of sensitive documents and other obstructive measures are “aggravating factors” that “usually lead…