DIRS.INFO The most relevant business & tech news

☆ Crypto.com's Exchange, Sponsorships, and Commercials, Explained
▼ + stars: | 2024-05-28 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

(That's not a knock on the company — for a lot of crypto exchanges, the Empire State is a tough nut to crack.) Crypto.com's primary business is its cryptocurrency exchange, which works as a middleman for people buying and selling crypto, but it also offers other products, including crypto Visa cards. To be sure, the casino thing could be said about most crypto exchanges — and sports-betting apps, and many regular trading apps. It's a good reminder that, whatever the company, it's better to use exchanges only for trading your crypto assets, not for storing them. Or maybe in five years we'll be looking back at this moment and saying: "Remember that one crypto company?

Persons: Eminem, Sam Bankman, Crypto.com doesn't, Jojo Siwa, it's, He'd, Nic Carter, Crypto.com, Kris Marszalek, Foris DAX Asia, It's, Matt Damon, Steven Kalifowitz, Bill Clinton, Tony Blair, FTX, hasn't, Marszalek, wasn't, Alex Gladstein, Emily Stewart Organizations: NBA, Los Angeles Lakers, It's, UFC, NASCAR, Lakers, Castle, Ventures, Staples Center, Miami Heat's, Binance's, Forbes, Financial Times, Securities and Exchange Commission, Bloomberg, PayPal, JPMorgan doesn't, Human Rights Foundation, Business Locations: New York, America, Singapore, Nigeria, Bulgaria, Monaco, Hong Kong, Polish, Los Angeles, Bahamas, Netherlands, Asia, Americas

☆ Robinhood partners with Klutch Sports, brings Rich Paul on as advisor as it moves into sports and entertainment
▼ + stars: | 2024-03-07 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Rich Paul attends a basketball game between the National Basketball Association's Los Angeles Lakers and the Boston Celtics at Staples Center in Los Angeles on Feb. 23, 2020. He will work closely with Robinhood CEO Vlad Tenev to identify new partnership opportunities in the sports and entrepreneurship space. Paul, who founded Klutch in 2012, represents some of the biggest names in sports, including James. "When you think about what Robinhood represents, it represents access and entrepreneurship." Correction: Rich Paul is joining Robinhood as a strategic advisor.

Persons: Rich Paul, Robinhood, LeBron James, Rich Paul's, Paul, Vlad Tenev, Tenev, Rich, James, Klutch, Draymond, Trae Young, A'ja Wilson —, Klutch —, Ben Baller, brokerages Organizations: National Basketball, Los Angeles Lakers, Boston Celtics, Staples Center, Klutch Sport Group, CNBC, Klutch Sports, Klutch, United Talent Agency, Washington Wizards, Washington D.C, NBA, Robinhood, CNBC PRO Locations: Los Angeles, Robinhood, Washington, Metro, Akron

☆ Analysis: Taylor Swift would win any popularity contest against MAGA
▼ + stars: | 2024-02-18 | by ( Harry Enten | ) edition.cnn.com time to read: +12 min

Taylor Swift performs at the Staples Center in Los Angeles in 2015. From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009. Ethan Miller/Getty Images Swift performs onstage at the Staples Center in Los Angeles during her 1989 tour in 2015.

Persons: CNN — It’s, Donald Trump, Taylor Swift, Joe Biden’s, Swift, she’s, Trump, Oprah Winfrey, Michael Smerconish, Winfrey, Barack Obama, Obama, Hillary Clinton, Christopher Polk, Scott, Andrea Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, Taylor, I'm, West, Beyonce, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, Travis Kelce, Patrick Smith, propping, It’s, birther, There’s Organizations: CNN, Monmouth University, Marist College, Trump, Democratic, Biden, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, Getty, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Kansas City Chiefs, Chiefs, AFC, Super, Swift, Republicans, NFL, Republican Locations: America, Monmouth, Los Angeles, West Reading , Pennsylvania, Philadelphia, Las Vegas, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, Germany, London, Arlington , Texas, Tampa, Chicago, Atlanta, United States, Hawaii

LOS ANGELES (AP) — The Los Angeles Lakers unveiled a statue of Kobe Bryant on Thursday, honoring their late superstar with a 19-foot bronze likeness outside their downtown arena. The 4,000-pound statue depicts Bryant in his white No. The first statue was unveiled at a ceremony attended by dozens of Lakers greats and hundreds of season ticket holders. Vanessa Bryant spoke at the ceremony after remarks from owner Jeanie Buss, former teammate Derek Fisher, Kareem Abdul-Jabbar and longtime Lakers coach Phil Jackson. “But today, I'm filled with joy.”Photos You Should See View All 21 ImagesThe statue's base reads: “Kobe Bean Bryant,” with his nickname, “Black Mamba,” carved below.

Persons: Kobe Bryant, Bryant, Bryant's, Vanessa, Gianna, Vanessa Bryant, Jeanie Buss, Derek Fisher, Kareem Abdul, Jabbar, Phil Jackson, “, Gigi, ” Buss, Kobe Bean Bryant, ”, Larry O'Brien, ” Bryant, Shaquille O'Neal, Magic Johnson, Jerry West, Chick Hearn, ___ Organizations: ANGELES, Los Angeles Lakers, Toronto Raptors, Lakers, Staples, Elgin Baylor Locations: Kobe, Star Plaza

“What we’ve seen with the Taylor Swift tour is something that we’ve not really seen before,” said Richard Clarke, an analyst at investment firm Bernstein. Taylor Swift performs at the Staples Center in Los Angeles in 2015. From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009.

Persons: Tokyo CNN —, Taylor, Travis Kelce, Taylor Swift, we’ve, ”, Richard Clarke, Bernstein, “ It’s, TikTok she’d, curating, Kane Ishiyone, Swift, –, Ishiyone, Richard A, Brooks, Clarke, “, that’s, Christopher Polk, Scott, Andrea Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, I'm, West, Beyoncé, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, David Eulitt, Mitsumasa Etou, Akazawa, haven’t, It’s, Michele Bullock Organizations: Tokyo CNN, People, Kansas City Chiefs, Taylor, Getty, Super Bowl, Chicago Bears, dateline, Vegas, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Arrowhead, Chiefs, NET, Tokyo City University, Fuji, Tokyo, Reserve Bank of Australia, Reuters Locations: Tokyo, Las Vegas, Philippines, Fukuoka, Japan, Germany, Austria, Netherlands, Shibuya, AFP, Asia, Washington, Las Vagas, Los Angeles, West Reading , Pennsylvania, Philadelphia, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, London, Arlington , Texas, Tampa, Chicago, Atlanta, Kansas City , Missouri, Asia Pacific, Singapore, Australia, East Coast

☆ Emma Stone met her husband when she appeared on 'Saturday Night Live' in 2016. Here's a complete timeline of their relationship.
▼ + stars: | 2023-12-03 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +7 min

Emma Stone has been married to husband Dave McCary since 2020. The couple met in 2016 on "Saturday Night Live," where McCary worked as a writer and director. December 2016: Emma Stone hosts "SNL" for the third time and meets director Dave McCaryEmma Stone during her "Saturday Night Live" monologue on December 3, 2016. According to People , it was during the filming of this sketch that Stone met McCary, who had been working as a segment director for the show since 2013. "Emma Stone gives a second life to a white dress specially designed for her wedding after-party."

Persons: Emma Stone, Dave McCary, McCary, —, I've, Lorne Michaels, Stone, Dave McCary Emma Stone, Will Heath, Price, McCarys, Kyle Mooney, Andrew Garfield, Matt Thomas, Kevork Djansezian, it's, Louis Vuitton, Stephane Cardinale, Corbis, Drew Barrymore, Emma, Dave, Louise Jean McCary, Jean Louise, Stowearsars, Dimitrios Kambouris Organizations: Service, NBC, SNL, NBCU, Boys, Citi Field, San Diego Padres, Getty, Staples Center, Golden State Warriors, Los Angeles Clippers, SAG, Stone, Academy, Country, Louis, The Metropolitan Museum of Art, The Met Museum, Vogue

☆ Opinion: How Taylor Swift conquered capitalism
▼ + stars: | 2023-12-02 | by ( Opinion Jeff Yang | ) edition.cnn.com time to read: +7 min

CNN —There’s a whole cottage industry in pop culture essay writing dedicated to trying to unpack why Taylor Swift is so successful. Singer-songwriter Taylor Swift performs onstage during Taylor Swift The 1989 World Tour Live In Los Angeles at Staples Center on August 25, 2015 in Los Angeles, California. Taylor Swift performs onstage during night one of Taylor Swift | The Eras Tour at Nissan Stadium on May 05, 2023 in Nashville, Tennessee. Already a billionaire, Swift stands to personally make as much as $4.1 billion from the “Eras” tour, according to estimates cited by the Post. Keep an eye out: “The Tao of Tay: The Swift Path to Success,” coming soon to better airport bookstores everywhere.

Persons: Jeff Yang, Bruce, “, CNN —, Taylor Swift, Jeff Yang CNN, Kim Kardashian, Michael Jackson, Madonna, Britney Spears, Justin Bieber, aplomb, Swift, Ariana Grande, Tay, bestie, she’s, Celine Dion, She’s, Christopher Polk, Scooter Braun, ” It’s, Joan of Arc, John Shearer, “ Taylor Swift, Swift’s, Merrill Lynch, ” Organizations: CNN, Singer, Los, Staples Center, Republic Records, Universal Music Group, Universal, Washington Post, Nissan, Machine Records Locations: Asian America, America, Los Angeles, Los Angeles , California, Nashville , Tennessee, Pennsylvania, Nashville, Tay

☆ Dolly Parton ‘Rockstar’ album takeaways
▼ + stars: | 2023-11-18 | by ( Dan Heching | ) edition.cnn.com time to read: +5 min

CNN —It’s already a vital American truth that Dolly Parton is a national treasure, and has been for decades. From there, Parton saw a challenge to become a rockstar in her own right, and after her husband suggested she do a rock album, she embarked on the journey, culminating with Friday’s release of her appropriately titled forty-ninth (!!) Cover of "Rockstar" by Dolly Parton. Butterfly Records/APThe second track is also an original song, “World on Fire,” which dutifully tries to ruffle some feathers (like a rockstar would) by commenting on the state of the world today. Dolly Parton and Miley Cyrus perform onstage at the 61st annual Grammy Awards at Staples Center on February 10, 2019 in Los Angeles, California.

Persons: CNN — It’s, Dolly Parton, Parton, Rockstar ”, Richie Sambora, Dolly, Carl, Ann Wilson, John Fogerty, Kid, Prince, Miley Cyrus, Stevie Nicks, Melissa Etheridge, Ronnie McDowell –, Elvis Presley –, Cyrus, Emma McIntyre, Pink, Brandi Carlile, Peter Frampton, “, Kevin Cronin, Frampton, Cronin, Elton John’s “, Sasha Flute, Linda Perry, Pat Benatar, Neil Geraldo Organizations: CNN, Hall of Fame, rockstar, Rockstar, Butterfly, Staples Center, The Recording, REO, Zeppelin Locations: Los Angeles , California

☆ Taylor Swift changes controversial lyrics for ‘Better Than Revenge’
▼ + stars: | 2023-07-07 | by ( Lisa Respers France | ) edition.cnn.com time to read: +8 min

From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. Kevin Winter/ACMA/Getty Images Swift sings the National Anthem before Game 3 of the 2008 World Series in Philadelphia. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009. Jeff Kravitz/Getty Images Swift performs on stage during an "Eras Tour" concert in Atlanta in April 2023.

Persons: CNN — Taylor Swift, ” Swift, “, Swift, ” Taylor, shaming, ” Taylor Swift, Christopher Polk, Scott, Andrea Swift, Taylor Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, Taylor, I'm, West, Beyonce, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, didn’t, It’s, –, Scooter Braun, Braun Organizations: CNN, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, Getty, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Machine Locations: Los Angeles, West Reading , Pennsylvania, Philadelphia, Las Vegas, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, Germany, London, Arlington , Texas, Tampa, Chicago, Atlanta

☆ BTS 10th anniversary: Superfans make pilgrimage to South Korea to celebrate the K-pop band that conquered the globe
▼ + stars: | 2023-06-13 | by ( Kathleen Magramo Yoonjung Seo Paula Hancocks | Kathleen Magramo | Yoonjung Seo | ) edition.cnn.com time to read: +10 min

Scroll through the gallery to see how the K-pop group went global. ilgan Sports/Multi-Bits/Getty Images BTS fans at the "Love Yourself" North American Tour at the Staples Center on September 9, 2018 in Los Angeles. Andrew Lipovsky/NBC/Getty Images BTS won all three awards they were nominated for at the 2021 American Music Awards held in Los Angeles. Theo Wargo/Getty Images BTS addressed Asian inclusion and representation at the White House in Washington, DC on May 31, 2022. “Being in America and not seeing that much of Asian representation, when I saw that seven Asian guys were trending … that totally like piqued my interest immediately.

Persons: Rowan Joss, Katie Myles ’, they’re, ’ ”, Joss, HYBE, Myles, Kim Tae, Jung Ho, Kim Nam, Kim Seok, Jeon Jung, kook, Min Yoon, Psy’s, ”, Chelsea Guglielmino, Jimmy Fallon, Andrew Lipovsky, Matt Winkelmeyer, Theo Wargo, Kent Nishimura, CedarBough Saeji, ” Saeji, Katie Myles, –, hasn’t, Anthony Wallace, ’, Lisa Trinh, Diana Phung, they’ve, Trinh, they’ll, Jimin, Hwang Young, Startrip, Yoonjung Seo, Jungkook, dad, Justin Bieber, Selena Gomez, Ariana Grande, Shawn Mendes, it’s, Michelle Cho, It’s, Phung Organizations: Seoul CNN —, BTS, Records, YouTube, ilgan, Staples Center, Chelsea, NBC, Getty, White, Los Angeles Times, East Asian Studies, Pusan National University, ARMY, Ministry of Culture, Tourism, Tower, CNN, The, Guinness, Spotify, University of Toronto Locations: Hong Kong, Seoul, South Korea, Scotland, Los Angeles, Washington , DC, Korean, AFP, Seoul’s, California, Gangwon province, Busan, Korea, Cafe, America

☆ And in This Corner, Hailing From Dagestan, Presenting Hasbulla
▼ + stars: | 2023-04-28 | by ( Joseph Bernstein | ) www.nytimes.com time to read: +1 min

game between the Los Angeles Lakers and the Dallas Mavericks on March 17, Hasbulla Magomedov got the full celebrity treatment. He chatted pregame with the Mavericks star Luka Doncic, who posed with him for a photo. When Hasbulla’s face appeared on the Jumbotron, the crowd went wild. And, like everyone who’s anyone, he sat courtside at the Staples Center, with one major difference: He was perched on his friend’s lap. Hasbulla, 20, is a little over three feet tall, and it gave him a better view of the action.

☆ When a Los Angeles Playoff Game Ends, Their Jobs Begin
▼ + stars: | 2023-04-24 | by ( Tania Ganguli | Mark Abramson | ) www.nytimes.com time to read: +1 min

They finished well before 7 a.m. and Mendez drove home at 6:30 a.m. At that time of day there is little traffic, so it took him just 10 minutes. Like dozens of others, Mendez worked tirelessly to make sure the arena could handle its frenetic week. The busiest time came in the 36 hours after the Kings game Friday, when the building turned over from the Kings to the Clippers to the Lakers and back to the Kings. All three teams have called the arena home since 1999, when it opened as Staples Center. “My favorite part of this is when they’re done,” said Lee Zeidman, the president of Crypto.com Arena; the nearby Microsoft Theater; and the surrounding entertainment district, L.A. Live.

☆ LeBron James leads the Los Angeles Lakers to a 111-101 win and 2-1 series lead against the Memphis Grizzlies
▼ + stars: | 2023-04-23 | by ( Patrick Sung | ) edition.cnn.com time to read: +4 min

Los Angeles Lakers superstar LeBron James and center Anthony Davis had strong performances to help lead LA to a big 111-101 win over the Grizzlies in front of a sold-out crowd at Staples Center on Saturday to take a 2-1 lead in their best-of-seven first round NBA Playoff series. Brooks was ejected from Game 3 for a flagrant 2 foul on LeBron James. Anthony Davis had a massive night, racking up 31 points, 17 rebounds and three blocks. Wally Skalij/Los Angeles Times/Getty ImagesAfter the game, James said that the game wasn’t about making a “statement” to Brooks and the rest of the Grizzlies. Sixers forward Tobias Harris led the way for Philly with 25 points and 12 rebounds in what is Brooklyn’s second straight first-round sweep.

☆ The owner of Coachella was once dubbed 'America's most reclusive billionaire.' Meet Philip Anschutz, who's worth $10.9 billion.
▼ + stars: | 2023-04-21 | by ( Katie Warren | Elana Klein | ) www.businessinsider.com time to read: +1 min

American businessman Philip Anschutz is worth $10.9 billion, according to Forbes, after decades building his fortune across multiple industries. Shaun Clark/Getty ImagesCoachella Valley Music and Arts Festival, the music festival currently underway in Indio, California, is owned by Anschutz, an 83-year-old billionaire businessman whom The New Yorker once called "the man who owns LA." He owns Coachella through his company, the Anschutz Corporation, and one of its subsidiaries, Anschutz Entertainment Group (AEG). AEG owns several athletic teams, operates more than 90 clubs and theaters around the world, and produces or supports more than 25 music festivals. Take a look at how the billionaire makes and spends his fortune.

☆ Ex-Morgan Stanley advisor charged with defrauding NBA players out of $13 million
▼ + stars: | 2023-03-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Former Morgan Stanley advisor Darryl Cohen was arrested on Thursday morning for allegedly defrauding current and former NBA players including Jrue Holiday, Chandler Parsons and Courtney Lee. Three others, including former NBA players agent Charles Briscoe, were also charged. Cohen was an advisor for Morgan Stanley from 2015 to 2021, according to his Financial Industry Regulatory Authority profile. The DOJ said in its indictment document that the alleged fraud schemes took place from roughly 2017 to 2020. "We fully cooperated with the investigation and have resolved clients' claims related to Mr. Cohen," Morgan Stanley said in a statement.

REUTERS/Lucy NicholsonFeb 28 (Reuters) - Los Angeles County will pay the wife of late basketball star Kobe Bryant nearly $29 million to settle a lawsuit over allegations that sheriff officers and firefighters shared gruesome photos of the helicopter crash that killed Bryant and his 13-year-old daughter. "Today marks the successful culmination of Mrs. Bryant's courageous battle to hold accountable those who engaged in this grotesque conduct," said Luis Li, attorney for Vanessa Bryant, Kobe Bryant's wife. Kobe Bryant, his daughter Gianna and seven other people died in the crash in Calabasas, Calif., on Jan. 26, 2020. Kobe Bryant was 41 when he died. The Los Angeles Lakers great and 18-time All-Star won five NBA championships and was elected to the Hall of Fame in 2020.

☆ How Vanessa Bryant became 'Queen Mamba'
▼ + stars: | 2023-01-26 | by ( Ellen Cranley | ) www.businessinsider.com time to read: +2 min

Vanessa Bryant was the "Queen Mamba" to Kobe's "Black Mamba," and they were married for nearly 20 years. He and Vanessa met when she was in high school and he was a young NBA star. At a public memorial service held at the Staples Center a month after the accident, Vanessa offered a heartbreaking tribute to her daughter and her "soulmate" Kobe. Vanessa and Kobe Bryant were married for 19 years before the basketball star's sudden death. Her classmates were stunned when she caught the eye of then-20-year-old Los Angeles Lakers star Kobe Bryant.

☆ Crypto.com lays off 20% of workforce after FTX collapse blunted ambitious growth
▼ + stars: | 2023-01-13 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Crypto.com announced Friday that it's laying off 20% of its workforce. The company has 2,450 employees, according to PitchBook data, suggesting around 490 employees were laid off. Like FTX, Crypto.com entered into high-profile promotion deals and sponsorships, signing an eye-popping naming deal for the former Staples Center in 2021 that is valued at $700 million over 20 years. "We have a significant year ahead of us as we continue to help restore trust in our industry," Marszalek wrote. Marszalek founded Singapore-based Crypto.com in 2016, overseeing a company that reportedly reached at least $1.2 billion in revenue by 2021.

Kris Marszalek, CEO of Singapore-based crypto exchange Crypto.com, refuted suggestions it could be in trouble, saying in a YouTube livestream address the platform would prove all naysayers wrong. Crypto.com is among the top 10 exchanges by turnover globally, but smaller than FTX and market leader Binance. Former CEO and FTX founder Sam Bankman-Fried has previously told Reuters some of the transfers out of FTX were a result of "confusing internal labelling". Another crypto exchange Kraken said on Twitter on Sunday it had frozen the accounts of FTX, affiliated crypto trading firm Alameda Research and their executives. The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022.

☆ As regulators scrutinise FTX, investor focus swings to Crypto.com
▼ + stars: | 2022-11-14 | by ( Vidya Ranganathan | ) www.reuters.com time to read: +3 min

SINGAPORE, Nov 14 (Reuters) - The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure on Monday, with market participants worrying about heavy withdrawals at Singapore-based exchange Crypto.com. Crypto.com is among the top 10 exchanges by turnover globally, but smaller than FTX and market leader Binance. Bahamas securities regulator and financial investigators are investigating potential misconduct over the collapse of cryptocurrency exchange FTX, the Royal Bahamas Police Force said on Sunday. Visa Inc (V.N), the world's largest payments processor, said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX. Zhao abandoned a deal with FTX chief Sam Bankman-Fried (SBF) last week to buy FTX’s non-U.S. assets, precipitating the bankruptcy.

SINGAPORE, Nov 14 (Reuters) - Singapore-based crypto exchange Crypto.com's chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and that it has a robust balance sheet and took no risks. Chief executive Kris Marszalek took questions in a livestreaming YouTube address, and also said the platform always maintained reserves to match every coin customers held on its platform. Marszalek had tweeted to say the ether was recovered and returned to the exchange, but that failed to calm a jittery market. Crypto.com is among the top 10 exchanges by turnover globally, but smaller than FTX and market leader Binance. Marszalek said Crypto.com had 70 million individual customers worldwide, and had made revenues of a billion dollars in 2021 as well as in 2022.

☆ Crypto.com CEO downplays FTX contagion fears, says he’ll prove naysayers wrong as withdrawals rise
▼ + stars: | 2022-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

"We do not run a hedge fund, we do not trade customers' assets. Alameda Research, FTX's sister company, borrowed billions in customer funds from the exchange to ensure it had enough funds on hand to process withdrawals, CNBC reported Sunday. Bankman-Fried declined to comment on allegations of misappropriating customer funds but said its recent bankruptcy filing was the result of issues with a leveraged trading position. Asked about this Monday, Marszalek said this was just a reflection of the assets Crypto.com customers were buying. Crypto.com has 70 million users globally and made revenues of $1 billion annually in both 2021 and 2022, according to Marszalek.

☆ Jimmy Kimmel returns as host for the 95th Oscars
▼ + stars: | 2022-11-07 | by ( ) www.nbcnews.com time to read: +4 min

Jimmy Kimmel is back as host of the 95th Oscars in 2023, marking the late-night star’s third time fronting the ceremony — which he last did five years ago. The “Jimmy Kimmel Live” host previously led the 2017 and 2018 telecasts, the former of which produced the famous “La La Land” and “Moonlight” best picture screw-up. “Being invited to host the Oscars for a third time is either a great honor or a trap,” Kimmel said in a statement. “Jimmy is the perfect host to help us recognize the incredible artists and films of our 95th Oscars,” Academy CEO Bill Kramer and Academy president Janet Yang said in a statement. Added Craig Erwich, president, ABC Entertainment, Hulu & Disney Branded Television Streaming Originals: “Having Jimmy Kimmel return to host ‘The Oscars’ is a dream come true.

☆ Analysis: 'From Scratch' serves up one of this week's tastiest new shows
▼ + stars: | 2022-10-22 | by ( Lisa Respers France | ) edition.cnn.com time to read: +6 min

Three things to watch‘From Scratch’(From left) Eugenio Mastrandrea, Zoe Saldaña, Judith Scott and Keith David in a scene from "From Scratch." Even though I know how it all ends, I’m looking forward to “From Scratch,” which is streaming now. ‘The School for Good and Evil’(From left) Kerry Washington as Professor Dovey and Charlize Theron as Lady Lesso in a scene from "The School for Good and Evil." There are plenty of arbitration shows out there, but this one is definitely in a courtroom of its own. Something to sip on(From left) Selma Blair and her dance partner, Sasha Farber, perform on an episode of "Dancing With the Stars."

☆ PayPal threatens to sever partnership with Phoenix Suns if owner Sarver returns
▼ + stars: | 2022-09-16 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

LOS ANGELES, CA - JUNE 30: Owner, Robert Sarver of the Phoenix Suns interviews after Game 6 of the Western Conference Finals of the 2021 NBA Playoffs on June 30, 2021 at STAPLES Center in Los Angeles, California. PayPal , the jersey sponsor for the Phoenix Suns, warned that it would sever ties with the team if owner Robert Sarver remains affiliated with the organization following his one-year suspension. "In light of the findings of the NBA's investigation, we will not renew our sponsorship should Robert Sarver remain involved with the Suns organization, after serving his suspension." Former Los Angeles Clippers owner Donald Sterling was banned from the league for life after his racist comment surfaced. PayPal joins multiple NBA players and the players' association in saying Sarver's punishment doesn't go far enough, including Suns star Chris Paul.

Search resuls for: "Staples Center"

25 mentions found