Crypto exchange FTX secures backing from venture capital and hedge funds
Cryptocurrency exchanges

Crypto exchange FTX secures backing from venture capital and hedge funds

The cryptocurrency exchange FTX has raised one of the largest rounds of financing for a digital assets start-up, in a signal of continued investor demand for the sector despite the recent drop in the price of bitcoin.FTX said it raised $900m from more than 60 investors including the venture capital firms Paradigm and Sequoia Capital…

President Biden’s $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit to finance spending plans
USA finance

President Biden’s $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit to finance spending plans

President Joe Biden’s $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit despite a raft of new tax increases on corporations and high-income people designed to pay for his ambitious spending plans.

Maui Now : Sen. Schatz Reintroduces Bill To Ensure US Financial System Ready for Climate Change
USA finance

Maui Now : Sen. Schatz Reintroduces Bill To Ensure US Financial System Ready for Climate Change

US Sen. Brian Schatz (D-HI) and Congressman Sean Casten (D-IL) introduced the Climate Change Financial Risk Act of 2021, legislation that would direct the Federal Reserve to conduct stress tests on large financial institutions to measure the resilience to climate-related financial risks.