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After 7,500% Rally, Cryptocurrency Founder Sells All His Coins - Bloomberg

Charlie Lee, a San Francisco-based software engineer who founded litecoin in 2013, said in a reddit post that he sold and donated all of his holdings over the past few days. The disposal is aimed at preventing a “conflict of interest” when Lee makes comments on social media about the digital currency that could influence […]

Theater chains are terrified of MoviePass because of subscribers like me - The Verge

I see a lot of movies. I moved to the Bay Area from New York nearly five years ago, knowing not a single person living in San Francisco, and I found going to the movies to be a solitary, almost meditative experience. Even as my friend group expanded, I kept up on the cherished cinematic […]

In Ed Lee's San Francisco, Utopia and Dystopia Are Neighbors | WIRED

FROM THE TALL windows of WIRED’s offices in San Francisco’s South-of-Market neighborhood I’ve watched almost a decade of radical change made physical in concrete and glass. The city’s forest of new skyscrapers is at least in part the legacy of Mayor Ed Lee, who died early Tuesday morning after almost seven years in office. Source: […]

Jim Simons, the Numbers King | The New Yorker

Algorithms made him a Wall Street billionaire. His new research center helps scientists mine data for the common good. Source: Jim Simons, the Numbers King | The New Yorker

Bitcoin is none of the things it was supposed to be | The Outline

On Thursday, the price of Bitcoin fluctuated by thousands of dollars in a 24-hour period. The Coinbase app — which lets you buy and sell cryptocurrencies, and is the number two free app in the App Store as of this writing — started freezing and throwing errors, which the company said was due to high […]

Truck Full of CFA Exams Hijacked in Rio Crime Wave - Bloomberg

A truck carrying their exams was hijacked and all the cargo was stolen on Monday, the Brazilian branch of the CFA Institute said in a document obtained by Bloomberg, adding that chances of recovering the material are slim. The robbery affected 140 candidates who paid about $1,000 for the test, Mauro Miranda, the president of […]

Biotech Fund Legend Sam Isaly Harassed Women at Firm, Stat News Reports - Bloomberg

Isaly showed hardcore pornography at the office, kept a set of breast implants on his desk that he would massage like a stress ball, and verbally abused female employees, Stat reported. Source: Biotech Fund Legend Sam Isaly Harassed Women at Firm, Stat News Reports – Bloomberg

The U.S. companies with the most cash parked overseas - Axios

Many of the largest U.S. companies — especially big tech players like Apple and Microsoft and pharmaceutical giants like Johnson & Johnson and Pfizer — have trillions of dollars parked in offshore subsidies. And they’d benefit immensely from the Republican tax overhaul, which would allow them to bring cash back into the U.S. at very […]

Analysts expect these large-cap U.S. stocks to rise at least 25% in 2018 - MarketWatch

(This is the first in a three-part series on analysts’ favorite stocks for 2018. The series begins with large-cap stocks, below, and will continue with mid-cap and small-cap stories.)About a year ago we listed analysts’ favorite large-cap stocks for 2017. We’re going to do the same for 2018, but first, let’s see how last year’s […]

This Mining Company Soared 159% After Saying It’s Buying a Crypto Firm - Bloomberg

Israel’s Natural Resources Holdings Ltd. is the latest company to benefit from blockchain stock magic as it shifts from from digging for minerals to mining digital currencies. Shares of the company, which invests in metals mines located mostly in North America, rallied 159 percent to 2,540 shekels ($727. 63) in Tel Aviv after disclosing to […]

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