Two Australian friends turned one coffee shop into a $1 billion startup. This is how they did it. Jack Zhang and Max Li were just looking for a solid side hustle.
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- Biden SEC Pick: MIT fintech professor, helped create Dodd-Frank January 21, 2021As President Biden’s executive appointments await senate approval, crypto and security holders will be waiting anxiously for one in particular: Gary Gensler. A seasoned financial expert in and out of the public and private sector, Gensler most recently taught blockchain finance classes at the MIT Sloan School of management. What will this crypto researcher bring […]
- Outgoing President Trump Extends Clemency to Jonathan Braun January 20, 2021President Trump issued an executive grant of clemency to Jonathan Braun on Tuesday, commuting his sentence to time served. Braun checked into FCI Otisville last year to continue serving a sentence for a marijuana-related conviction in 2011. The executive order requests that he be released as fast as possible. A statement from the White House […]
- Official Who Wants to “Wipe Out” Merchant Cash Advance Will Be Next CFPB Head January 18, 2021Rohit Chopra, an FTC Commissioner, will take over as head of the Consumer Financial Protection Bureau under incoming President Joe Biden, sources say. Chopra’s name made the rounds in 2020 when he told NBC News that he was looking for a “systemic solution” that can “wipe out” all merchant cash advance companies. His candid comments […]
- Shark Tank’s Kevin O’Leary: Bitcoin Not Ready to Swim With The Big Fish January 15, 2021Mr. Wonderful, the Shark Tank multimillionaire, recently said that while Bitcoin may be going through an exciting price discovery phase, it is not liquid enough to garner genuine institutional interest. “If I want to buy a million dollars’ worth of Bitcoin right now, I’ve gotta do a fair amount of work to pull that off,” […]
- Transcript and Recording of Major FTC Case Before the US Supreme Court January 14, 2021Oral arguments took place yesterday in AMG Capital Management, LLC et al. v Federal Trade Commission before the United States Supreme Court. At issue is the debate over whether or not the FTC has the authority to force defendants to disgorge with “illegally obtained” funds when a lawsuit is brought under Section 13(b) of the […]