DIRS.INFO The most relevant business & tech news

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin briefly crosses $72,000 for first time since mid-March and ether soars 8%: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, BitGo's Matthew Ballensweig, who is the head of Go Network, weighs in on what's driving crypto prices. Ballensweig also explains what he believes is the "defining moment" for bitcoin.

Persons: explainers, Matthew Ballensweig, Ballensweig Organizations: CNBC Crypto, CNBC, Go Network

UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. UPS will move the majority of air cargo in the U.S. for the postal service following a transition period, according to UPS. USPS’s current air cargo contract with FedEx Corp. is set to expire in late September. Last month the International Air Transport Association said that total demand for air cargo, which is measured in cargo ton-kilometers, climbed 18.4% in January compared with the prior-year period.

Persons: Brie Carere, Louis DeJoy Organizations: United States Postal Service, U.S . Postal Service, UPS, FedEx Corp, FedEx, USPS, FedEx Express, U.S . Mail, International Air Transport Association, United Parcel Service Inc Locations: Atlanta, U.S, Puerto Rico, airfreight

☆ Crypto is trying to fix its custody problem as institutions pour in and regulatory uncertainty lingers
▼ + stars: | 2023-06-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

And the highly regulated institutions wanting to give their clients access to bitcoin are still a little skeptical that the crypto industry has learned its lessons. Another issue is there aren't enough dedicated custodians in the crypto industry. The Go Network acts as a platform on which partner firms can execute and settle trades between crypto assets and fiat currencies. BitGo handles custody of crypto assets while dollars are spread across a network of banks for safekeeping. "[The crypto industry] was operating on the edge, saying, it's risky, but we're making a lot of money.

Persons: Crypto, Bitcoin, Roger Bayston, Franklin Templeton's, FTX, Schwab, Gustavo Schwenkler, It's, David Wells, haven't, it's, BitGo, Mike Belshe, CNBC's, Wells, Belshe, BlackRock's Joseph Chalom, Franklin Templeton's Bayston Organizations: Crypto, New York City, Arrows, Terraform, Securities and Exchange, Fidelity, Citadel, EDX, Valley Bank, First, Leavey School of Business, Santa Clara University, Nasdaq, Bank of New York Mellon, CNBC, Go, Markets, Schwab, BlackRock, Securities, Exchange, Coinbase Locations: Coinbase State, New York, First Republic, PacWest, Wells

☆ BitGo CEO Mike Belshe discusses the launch of the Go Network
▼ + stars: | 2023-06-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitGo CEO Mike Belshe discusses the launch of the Go NetworkBitGo CEO Mike Belshe spoke exclusively with Crypto World about the launch of the firm's Go Network and the problem with crypto market structure to date.

Persons: Mike Belshe Organizations: Go Network, Crypto, Go

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitGo CEO discusses Go Network launch, and report shows FTX owed customers $8.7 billion: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, BitGo CEO Mike Belshe spoke exclusively with Crypto World about the launch of the firm's Go Network and the problem with crypto market structure to date.

Persons: FTX, explainers, Mike Belshe Organizations: Go, CNBC Crypto, CNBC, Crypto

☆ A Wall Street analyst was haggled at a car dealership — and it left him wishing he had bought a Tesla
▼ + stars: | 2023-06-08 | by ( Graham Rapier | ) www.businessinsider.com time to read: +4 min

One Wall Street analyst recounted his recent efforts to buy a new truck that almost left him paying thousands above sticker price. Longtime Tesla bull Adam Jonas went car shopping recently and discovered firsthand what many Tesla fans have long adored about the automaker: Buying a Tesla is a lot easier than shopping at a traditional car dealership. The Morgan Stanley analyst said he got the typical dealership treatment when he went to an unnamed brand's sales lot. It's an experience nearly every car buyer has experienced, especially in an age where incentives and discounts are scant. It's a smooth process that is creating an increasingly visible discrepancy between the legacy car buying experience and the Tesla experience."

Persons: Tesla, Adam Jonas, Morgan Stanley, — Jonas, Jonas, Jonas pining, They're, Ford, Jim Farley Organizations: Tesla, Prime, eventual, Ford, Elon

☆ Oxbotica, Goggo team up for autonomous middle-mile delivery
▼ + stars: | 2023-03-22 | by ( Nick Carey | ) www.reuters.com time to read: +1 min

LONDON, March 22 (Reuters) - British self-driving software startup Oxbotica and autonomous delivery company Goggo Network said on Wednesday they are teaming up to test middle-mile deliveries for retailers and other customers including Carrefour (CARR.PA) and Dia (DIDA.MC). The partnership will initially see Berlin-based Goggo deploying Oxbotica's autonomy software in Spain in middle-mile delivery operations for partners like Spanish pizza chain Telepizza. Goggo will also use Oxbotica's fleet management system to optimise the operational performance of its autonomous vehicles (AVs), the companies said. Middle-mile delivery routes, where vehicles run on fixed routes between distribution centres, are seen as easier to automate than last-mile deliveries to individual consumers' homes. Oxbotica said in January it had raised $140 million from investors to speed the deployment of AVs in areas including heavy industry, ports and airports.

☆ A former sales director will get more than $86,000 after his boss allegedly said he didn't want a team of 'bald-headed 50-year-old men' who were a 'mirror image' of himself
▼ + stars: | 2023-02-13 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

A former UK sales director will get more than $86,000 after alleging wrongful dismissal and age discrimination. Mark Jones, now in his 60s, claims his former boss said, "I don't want a team of bald-headed 50-year-old men." Jones says he was later put on a "sham" performance improvement plan that led to him resigning last year. Mark Jones was a sales director at UK-based cell phone company Tango Networks. "I don't want a team of bald-headed 50-year-old men — I want to change the dynamics," Hesketh allegedly said.

☆ Institutions are charging forward in crypto, even in the industry's darkest days
▼ + stars: | 2022-12-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

After years of pooh-poohing cryptocurrency, institutions finally entered the crypto market last year and fell straight into crypto winter. "Right now [investors] are going back to basics, doing their homework, finding out what this means," said Lyn Alden, founder of Lyn Alden Investment Strategy. Near-term risk Institutions often look at big crashes like this one as opportunities , Alden said. "FTX destroyed trust in the industry and may delay traditional finance institutions that haven't already committed to digital assets to invest," Belshe said. However, for "institutions and brands that are already building products in crypto and Web3, we have not seen a slowdown of interest to build, grow and invest."

☆ Factbox: COP27: Which countries have offered 'loss and damage' funds?
▼ + stars: | 2022-11-08 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

While vulnerable countries say one-off commitments are no substitute for a fund to provide ongoing support, some praised Scotland's leadership in acknowledging the issue. AUSTRIAAustria will provide at least 50 million euros to tackle loss and damage over the next four years, the government said on Tuesday. IRELANDIrish PM Micheal Martin committion 10 million euros to the "Global Shield" initiative for 2023. Some vulnerable countries say that type of funding does not count as "loss and damage" money, which they say should compensate countries for unavoidable costs from disasters. Wealthy countries already provide funds to help countries adapt to climate change by preparing for worse weather impacts, although this funding has fallen short of promised amounts.

Search resuls for: "Go Network"

10 mentions found