In a dark year for digital assets, some investors are still bullish on blockchain.
five consecutive quarters
data show, but some venture capitalists are still betting millions on blockchain. VC firm CoinFund has raised $158 million to back early-stage crypto startups, the firm plans to announce Tuesday. The new fund is larger than the one CoinFund initially set out to raise, said Chief Executive Officer Jake Brukhman. The New York-based firm had initially aimed for $125 million, but received more interest than expected, he said.
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CoinFund to back early crypto startups with fresh $158 million: BloombergThe raise is 26% higher than CoinFund intended after originally aiming for $125 million.
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United Pilots Would Get Raises of Up to 40% Under Preliminary DealUnited Airlines struck a preliminary contract agreement with its pilots that would provide pay raises of 34.5% to roughly 40%, the latest move by major airlines to boost wages and incentives as carriers grapple with a pilot shortage
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The Man Charged With Steering the Yuan Through China’s Economic TurmoilChinese leader Xi Jinping’s new pick to run the People’s Bank of China faces an immediate test: whether and how to defend the Chinese yuan
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How a Saudi firm tapped a gusher of water in drought-stricken ArizonaFor nearly a decade, the state of Arizona has leased the rural terrain west of Phoenix to a Saudi-owned company, allowing it to pump all the water it needs to grow crops. And, for years, the state did not know how much water the company was consuming.
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Controversial low-income housing project raises concerns over contamination- What's Your Point?Longtime Houstonian Alan Atkinson says,' The Mayor's office decided to build this 400-unit low-income housing project in the worst imaginable spot and the most contaminated property anywhere on Buffalo Bayou.'
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United Airlines agrees to give union pilots big pay raisesUnited Airlines and the union representing its pilots said Saturday they reached agreement on a contract that will raise pilot pay by up to 40% over four years. The Air Line Pilots Association said the agreement, which is subject to a ratification vote, would put United pilots on par with counterparts at Delta Air Lines, who approved a pay-raising deal earlier this year. The union said the agreement includes substantial increases in pay, retirement benefits and job security.
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