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Aprende InstituteEsteban Sosnik, a cofounder and partner at Reach Capital. Reach CapitalRecommended by: Esteban Sosnik, Reach CapitalRelationship: InvestorTotal funding: $27.2 million, according to the companyWhat it does: Aprende Institute offers vocational training for the US Hispanic community. Why it's on the list: While there are several prominent trade and upskilling startups, not all of them offer instruction in Spanish. Aprende Institute offers career training catering to the US Hispanic community, operating "in support of their economic empowerment," said Sosnik. Aprende Institute last raised $22 million in Series A funding in the fall of 2021, led by Valor Capital Group.
Persons: Esteban Sosnik Organizations: Aprende, Reach, Aprende Institute, Valor Capital
Stablecoins may be crypto's killer app, but there needs to be regulation in place to allow them to flourish – which could benefit the U.S. dollar, according to Brian Brooks, a partner at Valor Capital Group. "In many countries where you can't get a dollar bank account, stablecoins are your best solution." "If only the U.S. government would create a framework that allows dollars to back stablecoins in a regulated way, that demand would flourish," he continued. This week, payments giant PayPal launched its own dollar-backed stablecoin – a first for a major U.S. financial institution. "Demand for [stablecoin products are] a way for us to make the dollar relevant again at a time when governments around the world are looking to decouple from the dollar," said Brooks.
Persons: Brian Brooks, Brooks –, , Biden, they've, Bernstein, Brooks, It's Organizations: U.S ., Valor Capital, PayPal, United States Locations: U.S, United
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemand for stablecoins in developing nations can make the U.S. dollar relevant again: Brian BrooksBrian Brooks, Valor Capital Group partner and former Acting Comptroller of the Currency and Binance U.S. CEO, joins 'Squawk Box' to discuss stablecoin regulation, why he's supportive of a House legislation that would establish a regulatory framework for it, why he believes stablecoins are at the heart of a dollar-based revolution, and more.
Persons: Brian Brooks Brian Brooks, stablecoins Organizations: U.S, Valor Capital Group, Binance U.S
Nicholas Pfosi | ReutersSen. Tim Scott, R-S.C., is seeing a wave of wealthy donor interest as he runs for president, while Florida Gov. Herring has already donated $6,600 to Scott's 2024 run for president, according to Federal Election Commission filings. Nikki Haley will be in the Hamptons on Sunday for a fundraising event, according to an invitation reviewed by CNBC. Sobel, who is a managing partner at Valor Capital Group, donated $6,600 to DeSantis' campaign in late June, according to Federal Election Commission records. Andrew Romeo, a spokesman for the DeSantis campaign, pointed CNBC to their fundraising efforts in the second quarter.
Persons: Tim Scott, Saint Anselm College's, Nicholas Pfosi, Reuters Sen, Ron DeSantis, Scott, Goldman Sachs, Gary Cohn, Andy Sabin, Stanley Druckenmiller, Sabin, James Herring, Herring, Marc Rowan, Tim Scott Victory, Robert Giuffra, Cromwell, Nikki Haley, Donald Trump, DeSantis, meanwhile, Cohn, Druckenmiller, Goldman, Scott East, Still, he's, John Catsimatidis, Brandon Bell, Clifford Sobel's, Michael Pascucci, Sobel, Pascucci, Giuffra, Ronald Lauder, Paul Singer, Lauder, Singer, Andrew Romeo, , Romeo, Glenn Youngkin, Trump Secretary of Commerce Wilbur Ross, Lisa Wagner, Wagner, she's Organizations: U.S, New Hampshire Federation of Republican Women, Saint Anselm, Saint Anselm College's New Hampshire Institute of Politics, Reuters, Florida Gov, CNBC, Hamptons, Republican, Trump National Economic Council, Trump, Billionaire, Apollo Global Management, Tim Scott Victory Fund, PAC, Southampton, Sullivan, Former South Carolina Gov, GOP, Washington Examiner, Florida Governor, Getty, Valor Capital, Commission, Business Jet, Gulfstream, Embraer, Bucknell University, Records, Politico, Virginia Gov, Hotel, Trump Secretary of Commerce, NBC News, DeSantis Locations: Saint, Manchester , New Hampshire, Florida, Long, East Hampton, North Carolina, Scott East Hampton, DeSantis, Ukraine, Scott, Rio Grande, Eagle Pass , Texas, Southampton, Charleston, Virginia, Aspen , Colorado, Colorado
Brazil's central bank chief opposes creation of common currency
  + stars: | 2023-06-02 | by ( ) www.reuters.com   time to read: +2 min
BRASILIA, June 2 (Reuters) - Brazil's central bank chief Roberto Campos Neto expressed his opposition on Friday to the creation of a common currency, stating that in the era of digitalization it is unnecessary to have a shared currency for its purported benefits. Campos Neto emphasized the potential power of digital solutions in providing effective alternatives. Specifically addressing the proposal of a common currency between Brazil and Argentina, which has also been previously mentioned by the government, he reiterated his opposition. "We should have a 'digital' minister, someone should be thinking about digital solutions," he added. He defended that Brazil's CBDB is much easier to regulate than other forms of CBDCs since tokenized bank deposits will be subject to the same regulations that govern traditional deposits.
Persons: Roberto Campos Neto, Luiz Inacio Lula da, Campos Neto, Marcela Ayres, Chizu Organizations: Valor Capital, Thomson Locations: BRASILIA, Brazil, Argentina
Uber to offer Tembici's bike-sharing service in Latin America
  + stars: | 2023-04-05 | by ( ) www.reuters.com   time to read: +2 min
SAO PAULO, April 5 (Reuters) - Uber Technologies Inc (UBER.N) on Wednesday announced a deal with Brazilian bike-sharing company Tembici to make electric and common bicycles available on its app in Latin America amid a push for greener initiatives. "This partnership underscores the important role that car-free options are increasingly playing in Uber's strategy to achieve zero carbon emissions," said Annie Duvnjak, Uber's global micromobility general manager. The company expects to end 2023 with 30,000 bicycles on Latin American streets, a third of them electric. Uber said Tembici and Itau bike docking stations would "soon" appear in its app, but did not provide a specific date. ($1 = 5.0961 reais)Reporting by Gabriel Araujo Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Open Forest Protocol, a Web3 climate-tech startup, has raised $4.1 million in pre-seed funding. An environmental engineer by trade, he launched a nonprofit devoted to helping reforestation projects find funding. Open Forest ProtocolFournier, Open Forest Protocol's CEO, cofounded the startup with Aureline Grange, a fellow environmental engineer at his nonprofit, and Michael Kelly, an early contributor to the Near blockchain. But on Open Forest Protocol, they can do so at no upfront cost. Here's an exclusive look at a version of the pitch deck Open Forest Protocol used to raise $4.1 million:
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