Business Insider

2021-09-24 16:10:44 China's central bank has declared all cryptocurrency-related transactions illegal, and said foreign exchanges are banned from providing services to Chinese residents, in its strongest crackdown move yet on the digital asset industry.

Coins such as bitcoin and ether "are not legal and should not and cannot be used as currency in the market," the People's Bank of China said in a statement.

Bitcoin dropped 5.7% to about $41,110 in the wake of the announcement, according to data from CoinDesk. Ether lost 9% to hit $2,788, ada declined 3% to $2.16 and Ripple's XRP moved 7% lower to 92 cents. Dogecoin fell 8% to 20 cents.

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2021-09-14 13:10:45 “Billionaires have long used charity to bolster their public image while avoiding taxes – philanthropy is good but should not be a substitute for democratic decision making. The solution to this problem is simple — tax the rich.” Read more in the opinion column from Alan Davis, president of The Leonard and Sophie Davis Fund, for Insider.

For a while, some DeepMind employees referred to it as "Watermelon." Later, executives called it "Mario." Both code names meant the same thing: a secret plan to break away from parent company Google. Read the full Insider exclusive here.

Danny Gudorf owns 24 rental properties while juggling 4 jobs. The 33-year-old breaks down his real-estate-investing approach that earned him over $200,000 in passive income over the past year — and shares a house-hacking strategy that allows for rent- and mortgage-free living.

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2021-09-08 18:11:48 Americans are fleeing their jobs in record numbers. But for millennials, the Great Resignation could contain a generational disaster in the making.

Software CEO Michael Saylor famously lost $6 billion in 1 day. He reinvented himself as a bitcoin guru, and now investors are lending him billions to buy 'electric money.' Read more.

Skyscraper queen Darcy Stacom is the country's top real-estate broker. But staffers say she threw things at them, berated underlings, and made employees' lives miserable. Here’s more on what they told Insider.

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2021-09-07 17:44:03 EXCLUSIVE: Brandy Melville is the go-to brand for the type of high-school girls who spend hours on TikTok and worship Bella Hadid. It's Contempo Casuals for the Gen Z set: crop tops, miniskirts, and a controversial "one size fits most" tagline. 

But while CEO Stephan Marsan has made a fortune selling fast fashion to teenage girls, interviews with more than 30 current and former employees from eight cities suggest a business largely built on the exploitation of young women and discrimination against anyone who fails to meet Marsan's white, blond, and skinny ideal.

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2021-09-01 15:39:01 After a year-long delay and significant uncertainty, a kick-off of recruiting for 2022 private-equity associate roles appears to be imminent – at least eight headhunters have begun contacting investment-banking candidates.

Meanwhile, big law firms are turning down work amid rising deal volumes and a labor shortage. Instead, lawyers are turning to tech and to in-house freelancers to keep things moving.

In tech news, Amazon, Google, Microsoft, and other companies are in a 'frenzy' to help ICE build its own data-mining tool for targeting unauthorized workers. Read more here.

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2021-08-31 15:51:01 We talked to top tech execs at Wall Street firms like Two Sigma, Morgan Stanley, BlackRock, and Man Group about the most ambitious tech projects they're working on right now – take a look.

Tiger Global Management has built a reputation for being unorthodox in how it backs startups. Insider spoke with six founders whom Tiger has backed about what sets the firm apart.

As Elizabeth Holmes faces trial on fraud charges, former Theranos employees share new tales about her alleged paranoia, a 'tone deaf' Christmas gift and demands for utter devotion.

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2021-08-26 19:09:31 Insider went inside Karma Kitchen, a "ghost" kitchen where chefs from 60 restaurants work side by side. Ghost kitchens are used for delivery-only restaurant services and have growth in popularity during the pandemic. Read more here.

A rare partnership between Google and Apple promised to slow COVID-19 - newly revealed data shows why it flopped in the US.

The pandemic end game isn't here yet. But if we play our cards right, things will start getting better in 2023.

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2021-08-25 17:13:56 In abrupt U-turn, OnlyFans says it will no longer ban porn and wants to be a ‘home for all creators.’ It had initially planned to prohibit sexually explicit content starting October 1, prompting user backlash.

The backlash around the ban has seen the subscription-based creator platform officially put a pause on its fundraising, two sources close to the company told Insider.

Here’s more on what happened with OnlyFans this week, and what it means for creators.

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2021-08-23 16:32:09 The ad industry succeeds every day at selling beer and pickup trucks across the political divide. Could that same magic make everyone want a vaccine? Rather than viewing vaccination through the lens of sociology or epistemology, as the Biden administration has been doing, why not treat it as a complicated — but ultimately solvable — marketing problem?

Crypto platform Yield Guild Games (YGG) made $12.5 million in 31 seconds by selling YGG tokens. This means the platform loans digital assets to players so they can earn money through crypto games like Axie Infinity. Read more.

Adrian Zduńczyk is a technical crypto analyst who stares at price charts all day long. His main goal is to determine where a crypto's price might go next. And right now, he has his eye on what he says is an upcoming "legendary" altcoin season. See the 5 altcoins that could surge by 10 to 100 times.

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2021-08-19 17:29:01 Chris Camillo of Dumb Money TV says he identifies stocks to invest in by observing trends in everyday life.

Timing is key, and buying in before Wall Street does is where he makes the bulk of his money.

He shared the three stocks he's heavily invested in that he believes will have high returns. Read more.

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