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Persons: Max, Camryn, Philip M, Tierno Jr, Tierno, it's, There's Organizations: Business, Shop, Energy, Stratos, NYU Grossman School of Medicine, NYU Langone Medical, Honeywell

☆ Memecoins are back, and the returns are so big that even hedge funds can't resist
▼ + stars: | 2024-04-24 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Memecoins are back and they're producing some wild returns even hedge funds can't ignore. Coins like Dogwifhat and Baby Doge Coin soared amid bitcoin's explosive rise in the first quarter. AdvertisementMemecoins have made a comeback amid bitcoin's big rally this year, and with skyrocketing returns in the highly volatile corner of the crypto market, some hedge funds have been jumping in, Bloomberg reported. California-based hedge fund Stratos debuted a fund that holds Dogifwhat, a token whose mascot is a dog in a beanie. Hedge fund Lekker Capital's founder, Quinn Thompson, told Bloomberg that memecoins are just another chapter in the saga of "retail frenzy," akin to the GameStop and meme stock madness in traditional markets.

Persons: Memecoins, —, skyrocketing, Stratos, Howard, rocketed, Crypto, Lekker, Quinn Thompson, Pantera, they've Organizations: Service, Bloomberg, Pantera Capital, GameStop Locations: California, New York

Scientists have said carbon removal is needed to keep climate goals alive. Otherwise, the enormous price tag for world-scale carbon removal would need to fall to governments if there is any chance of these projects surviving. A major concern is that DAC technology is both expensive and unproven at scale. More mature carbon capture and storage (CCS) technology, which traps emissions at a point source like a smokestack, also requires a rapid scale up to make a difference. Their money will be made instead by marketing carbon removal credits to corporations not involved in fossil fuels that wish to offset unavoidable emissions, or to governments seeking to stay on track with climate targets.

Persons: Climeworks, ”, Vikrum Aiyer, Sultan al, Jaber, Vicki Hollub, Mike Avery, Christoph Gebald, Richard Valdmanis, Marguerita Choy Organizations: Reuters, REUTERS, Occidental Petroleum, BlackRock, U.S ., Occidental, 28th United, OPEC, United Arab, International Energy Agency, IEA, Global CCS Institute, Stratos, DAC, Department of Energy, Thomson Locations: Tracy , California, Texas, In Louisiana, 28th United Nations, Dubai, United Arab Emirates, Louisiana, Iceland, California, U.S, UAE, Occidental

☆ Amazon follows Microsoft, investing big in carbon capture
▼ + stars: | 2023-09-12 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

After a recent infusion of government money into technology that sucks carbon out of the air, big business is getting in as well. Amazon announced Tuesday that it will help fund the world's largest deployment of direct air capture (DAC) technology by purchasing a quarter of a million metric tons of carbon removal over the next decade from STRATOS, the first DAC plant from 1PointFive, a carbon removal technology company. The carbon that is removed through the air capture systems will then be stored underground in saline aquifers, which are large rock formations saturated in salt water. "With these two new investments in direct air capture, we aim to target emissions we can't otherwise eliminate at their source," Kara Hurst, Amazon's VP of worldwide sustainability, said in a release. Amazon's announcement comes on the heels of Microsoft 's news that it has agreed to buy carbon credits from California-based startup Heirloom Carbon, which uses limestone to remove carbon from the atmosphere.

Persons: Kara Hurst, Amazon's, We're, Brian Marrs, Microsoft's, Hurst Organizations: Amazon, STRATOS, CarbonCapture, Microsoft, U.S . Department of Energy, Law Locations: 1PointFive, CarbonCapture Inc, California, Paris

☆ Felix Baumgartner: 10 years on, the man who fell to Earth is still awed by experience
▼ + stars: | 2022-10-14 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +4 min

CNN —After six years of preparation, struggle and sacrifice, Felix Baumgartner found himself quite literally on the edge of the world. “I’m standing there on top of the world outside of a capsule in space and in the stratosphere. "The only thing that I didn't know when I landed was: did I break the speed of sound," says Baumgartner. “Once I was on my way, I slowly started to spin in one direction, then I start spinning in the opposite direction, and then I really started spinning faster and faster and faster,” Baumgartner explained. I was reconnected to the outside world, and that was a very happy moment.

☆ 10 years on from Felix Baumgartner's near-cosmic achievement
▼ + stars: | 2022-10-10 | by ( ) edition.cnn.com time to read: 1 min

On October 14, 2012, eight million people from around the globe watched Felix Baumgartner jump back to Earth from a record-breaking altitude of 24 miles. An hour-long, 10th anniversary special takes a new and unique look at the achievement of the Stratos Project. The man at the heart of the story has been reminiscing with CNN. Source: CNN

☆ Karn Saroya's Web3 seed startup is creating a version of Lloyds of London for crypto. It was just valued at $100 million.
▼ + stars: | 2022-09-28 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

The Web3 reinsurance company Re has raised $14 million from investors such as Tribe Capital. Now he's seeking to apply Web3 tools to make that industry, which is dominated by firms such as Munich Re and Lloyds of London, more accessible. The company participated in Tribe Capital's crypto incubator, Tribe Crypto Labs, and its other investors include Defy, Exor, Stratos, Framework, Morgan Creek Digital, and SiriusPoint. Cover started out as a search tool for insurance policies but then became an insurer in its own right. Like other financial products, such as mortgages and loans, insurance policies can be bundled up and sold as securities.

☆ EXCLUSIVE: Microsoft's venture arm led this Web3 startup's $20 million funding round. Check out the 14-slide pitch deck the company used to raise.
▼ + stars: | 2022-09-27 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Space and Time, a Web3 startup, announced a $20 million funding round on Tuesday. Check out the 14-slide pitch deck the startup used to raise in this Insider exclusive. Space and Time, a decentralized data platform, secured a $20 million raise, led by Microsoft's venture arm. Check out the 14-slide pitch deck the startup used to raise in this Insider exclusive. Space and TimeSpace and TimeSpace and TimeSpace and TimeSpace and TimeSpace and TimeSpace and TimeSpace and TimeSpace and TimeSpace and TimeSpace and TimeSpace and Time

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