Backed by $140 million in venture capital from investors including Goldman Sachs, Bitmain and many more, crypto-platform Circle has laid off 30 positions (10%) of its staff in response “to new market conditions,” said Jeremy Allaire, the Co-Founder & CEO of Circle on Twitter. ...Read More

Facebook’s former security chief says Mark Zuckerberg has amassed too much power and should resign as chief executive officer of the social networking giant. “There’s a legit argument that he has too much power,” Alex Stamos said at the Collision Conference in Toronto on Tuesday. “He needs ...Read More

Sometimes following the crowd can be a profitable strategy, particularly if that crowd is composed of hedge fund managers who have been beating the market. While investing often seems like a contrarian game where going against the flow feels like the better bet, the ...Read More

We learned yesterday that Apple tried to buy Tesla, at least according to an analyst who insists his sources are solid, and that it was willing to pay a substantial premium over what the public markets said the company was worth — but only under one condition. ...Read More

At a conference in Paris last week, one of Europe’s most senior financial regulators said something that everyone in financial services IT recruitment already knows – that there’s a serious shortage of cyber-security professionals.  According to Sabine Lautenschläger, “banks and financial market infrastructures are struggling to find staff with ...Read More

The mystery buyer who paid $91 million for Jeff Koons’ now-infamous rabbit sculpture – a purchase that prompted WSJ to speculate about the art market entering a “frothy period” – has been unmasked: According to ArtNet, it’s Steve Cohen. Cohen’s motives in buying the piece are unclear. Did Cohen ...Read More

WIESBADEN, Germany (Reuters) – Commerzbank may refine its strategy and is still open to mergers following the collapse of talks with its larger rival Deutsche Bank, the lender’s chief executive said on Wednesday. CEO Martin Zielke told shareholders that the talks with Deutsche “showed ...Read More