Brendan Blumer, the founder of Block.One, has disclosed a 9.3% stake in Silvergate Capital, according to a new filing with the Securities and Exchange Commission.
Why it matters: Silvergate, the parent company of Silvergate Bank, is one of the largest providers of financial services in the blockchain industry.
Crypto mining stocks have given back a lot over the past 30 days — mainly the ground they won amid the run-up in bitcoin prices — but Core Scientific has been cut down more than others.
Driving the news: With its stock already down 86% in the past month, Core Scientific in a filing Tuesday disclosed $1.7 billion in losses this year through the end of September.
Twitter faces a mass of forces abroad and in Washington that aim to compel the company to obey privacy rules, speech limits and other regulations as Elon Musk remakes the service.
Why it matters: Musk's word is law inside Twitter now, but his disdain for rules will encounter tough pushback from governments around the world — just as the company has lost most of the people who managed its relationships with regulators and legislators.
I took a ride in a Cruise driverless taxi last week in San Francisco and, for the first time, I thought, "This might really happen!"
Why it matters: Self-driving cars have been promised for years, but the technology is hard, regulations are spotty, and the business case has yet to be proven.
Cruise and Waymo are plowing ahead with plans to bring robotaxis to more cities, despite growing disillusionment among investors and automakers about the timeline for self-driving cars.
Why it matters: The two companies already operate driverless taxis in San Francisco and Phoenix.
