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Matter Labs raises $200 million for Ethereum ZK rollups

Matter Labs raises $200 million for Ethereum ZK rollups

With the completion of the Ethereum merger, the focus has shifted to scaling the network through Layer 2 solutions such as zero-knowledge rollups. ZK rollups in particular are an important part the Ethereum roadmap, which is repeatedly mentioned by the likes of Vitalik Buterin and blockchain developers. They aggregate transactions and execute them off-chain to improve network speeds and lower…
Anthony Scaramucci: Donald Trump’s second presidency would be the “holy trinity” for the stock market

Anthony Scaramucci: Donald Trump’s second presidency would be the “holy trinity” for the stock market

A Trump presidency in 2024 could help battered stock markets, according to former White House communications director Anthony Scaramucci, but warned of his former boss’s tendency to shake political stability. Former US President Donald Trump announced Tuesday night from his Florida home that he would launch a third campaign for the White House. “I’m running because I believe the world…
Musk decides who will be authentic on Twitter

Musk decides who will be authentic on Twitter

Elon Musk is delaying the launch of “Blue Verified” on Twitter ahead of the relaunch to November 29 “to make sure it’s rock solid” as the initial launch of paid verification has sparked myriad issues on his new social media platform . In the Twitter CEO’s recent change in verification plans, Musk said in a Twitter conversation Tuesday night that…
FTX’s disgraced founder, SBF, still believes he can rebuild his bankrupt crypto empire and bring customers back to health

FTX’s disgraced founder, SBF, still believes he can rebuild his bankrupt crypto empire and bring customers back to health

Disgraced FTX founder Sam Bankman-Fried believes there is enough value locked up on the exchange’s balance sheet to repay customer deposits in custody and rebuild his dying crypto empire. In a tweet thread suggesting the 30-year-old considers himself the hero who narrowly emerged, the self-proclaimed altruist said he still hopes there’s a future for a post-bankruptcy FTX. “What can I…
SBF’s dangerous decision-making philosophy that brought down FTX

SBF’s dangerous decision-making philosophy that brought down FTX

“Let’s say there’s a game: 51%, you double the earth somewhere else; 49%, everything disappears. would you play this game And would you keep playing that, double or nothing?” The vast majority of us would not even take the risk of playing this game. After all, it seems morally atrocious to trade a 49 percent chance of all human civilization…
Mariah Carey loses bid to be crowned ‘Queen of Christmas’

Mariah Carey loses bid to be crowned ‘Queen of Christmas’

The world-famous ‘All I Want for Christmas Is You’ singer was rejected in her attempt to trademark the track on Tuesday, just weeks before Christmas, following a court battle that began in March 2021. One of the things Carey and her team wanted to do was claim the nickname so it could be used on merchandise. The trademark application also…
Allen Weisselberg was demoted from Donald Trump’s office floor and given a small birthday cake after agreeing to testify against the Trump Organization

Allen Weisselberg was demoted from Donald Trump’s office floor and given a small birthday cake after agreeing to testify against the Trump Organization

The senior executive at the Trump Organization, who is set to face charges of criminal tax fraud, told the jury that shortly after he pleaded guilty, the firm rescinded his title and kicked him out of the prestige floor where Donald Trump worked. Former CFO Allen Weisselberg, the prosecution’s key witness in the trial of two Trump companies, took the…
Not Again: Ivanka Trump Dodges Her Dad’s 2024 Presidential Campaign

Not Again: Ivanka Trump Dodges Her Dad’s 2024 Presidential Campaign

Shortly after her father announced that he was running for president in 2024, Ivanka Trump said she would not be running in the campaign. “This time I’m choosing to prioritize my young children and the personal life we ​​create as a family,” she said in a statement posted to Instagram Tuesday night. “Although I will always love and support my…
Billionaire Ray Dalio: Stop thinking the US and China will go into nuclear war

Billionaire Ray Dalio: Stop thinking the US and China will go into nuclear war

The mere perception that China and the US are “dangerously close to a military war” is having a detrimental impact on the world and crippling activity, according to billionaire investor Ray Dalio. “The possibility of war is leading Chinese leaders to prioritize self-sufficiency over cost-efficiency, as is happening in the United States, which is not good for real growth,” the…
Fortune’s 40 Under 40 winners include a CFO and a 31-year-old chief economist

Fortune’s 40 Under 40 winners include a CFO and a 31-year-old chief economist

A group of leaders who made significant advances in their careers before the age of 40 are recognized for their talents. The Fortune 2022 40 Under 40 list showcases influential people shaping the business world. And three leaders in particular are making their mark in the fields of finance and business. Meta Chief Financial Officer Susan Li, 36 years oldSusan…
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