California’s 200-plus billionaires are officially in the clear. The latest episode of “How to Tax a Billionaire: California Edition” — featuring plenty of drama, tech celebrities, and a big pot of money at stake — ended with a failed vote on Monday. Californians who went to the polls rejected Proposition 40, which would have imposed
Two days after analysts said North Korean hackers likely executed a brazen $6.3 billion crypto heist on the blockchain platform Binance, the company says it has replenished about $5.7 billion in the stolen assets. In an update on Saturday morning, Binance said it tapped its corporate treasury to purchase billions of dollars in crypto from
A massive hack of Binance is sending shockwaves through digital assets and crypto-linked stocks on Friday. Binance, the world’s largest crypto exchange, said on Friday that a compromised engineer’s laptop may have allowed hackers to gain access to the platform. It said that $6.3 billion of assets were impacted. The news sent crypto prices down
For young investors, the line between investing and gambling has never been easier to blur. You can place a bet or make a trade on the same device, and almost instantaneously know exactly where you stand. A recent survey from financial services firm Betterment inspired a flurry of headlines about how 26% of Gen Z
Former Sequoia investor Jeff Wang is close to launching one of the biggest hedge funds this year. Wang’s Augnition Global Investors is set to start trading in October with more than $2 billion in assets, two people close to the manager told Business Insider. The launch was the talk of Morgan Stanley’s popular Breakers conference
