Tag Archives: sin

The future of startup cryptocurrency Ripple hangs on the SEC’s case | Instant News

Brad Garlinghouse, Ripple’s chief executive, last year publicly contemplated at the World Economic Forum in Davos, Switzerland, the initial public offering for the San Francisco startup.

The company recently raised about $ 200 million in a venture funding round led by Tetragon Financial Group, with a valuation of $ 10 billion. The value of its flagship product, a cryptocurrency called XRP, has fallen over the previous year. But Ripple is poised to rebuild the infrastructure for cross-border trade, said Garlinghouse, promising that its future is bright.

A year later, the IPO was canceled. Instead, Ripple’s future hinges on the judge’s decision in a civil suit filed in December by the Securities and Exchange Commission.

Regardless of the outcome, this case is expected to set a major precedent for how US regulators create rules and laws covering cryptocurrencies. It also highlights a broader truth about most digital currencies: Beyond the two largest, bitcoin and ether, most of the hundreds of others have struggled to find utilitarian value beyond speculation.

At the heart of the SEC’s suit is the debate about XRP, a bitcoin-like digital asset created by the founder of Ripple that will grow to become the world’s third-largest cryptocurrency. It is designed to be part of a network that will help banks cut costs in cross-border transfers. The related software, however, never gained traction, the SEC accused, leaving XRP with no apparent purpose, other than to funnel sales to Ripple.


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At the Biden-Harris Inauguration, New Fashion Designers Win Big | Instant News

FASHION at the inauguration on Wednesday Front and center American designers, including several emerging American designers – specifically looking to benefit from the attention. President Joe Biden’s Ralph Lauren suit received respectful reviews, but a suit designed by Sergio Hudson and Alexandra O’Neill, a less well-known name, was chosen to earn special praise. This level of exposure can make a big difference, said Ikram Goldman, a Chicago retailer who was drawn to the work of many undersung designers while helping to style Michelle Obama during the Obama administration. “It’s an unknown designer worn by people in the limelight,” he pointed out, “and the combination … makes an impact on many levels.”

Chief among them, sales. Batsheva Hay, who designed the high-neck burgundy dress worn by Ella Emhoff – the stepdaughter of Vice President Kamala Harris – said her e-commerce deals started hitting record highs after the inauguration: “Compared to a typical day, I do it at least five times as much lots of sales on my web site. “Miss Hay saw an unprecedented level of interest manifest in other ways too. A photo that he posted on Ms. Emhoff in her dress received more than 12,000 likes, thousands more than her usual post.

Online interest has also surged for the family team behind the bird-embellished ring worn by poet Amanda Gorman. “We had the most people we visited on our website yesterday,” said Octavia Giovannini-Torelli, who runs the Of Rare Origin jewelery line with her mother and sister. “We respond to every client who has contacted.” Since Wednesday, their website has displayed a banner that reads: “We are honored (and panicked) to see the view from above at this historic Inauguration.”

Sergio Hudson, the Los Angeles-based designer who created the plum outfit Michelle Obama wore at Wednesday’s inauguration and the black cocktail dress Vice President Harris wore that evening, said her Instagram following doubled from about 50,000 to more than 130,000 in the hours after inauguration. He said he barely had a chance to check sales and web traffic among all the resulting interviews.

This increase in attention is very welcome after a year, thanks to the impact of the pandemic, into one of the worst fashion businesses. “It means validity in the industry at a time when I feel the industry is struggling,” said Hudson. “Last year was terrifying. You want to be a designer all your life and then in one year you’re like, watching the entire industry crumble…. This shows that people still believe in fashion. ”


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Fashion at Biden-Harris Inauguration Showcases Commitment to American Designers | Instant News

AMERICAN The fashion industry suddenly came back to life. For today’s inauguration, President Joe Biden, first lady Dr. Jill Biden, Vice President Kamala Harris, and second man Douglas Emhoff all chose to wear work by American designers or labels, including Ralph Lauren, Christopher John Rogers, and Markarian. “These moments on Day One are very important for an industry that has been hit hard and hit by the pandemic,” said Steven Kolb, chief executive of the Council of Fashion Designers of America. “By wearing these American designers, they are not only increasing the businesses of those individuals, but they are actually raising a $ 373 billion industry … We have a new government that clearly welcomes and wants to support our industry. “

Whether you realize it or not, the color purple – which can be seen as a symbolic marriage with red and blue – is also the theme, with Ms. Harris, Hillary Clinton and Michelle Obama all loved the colors for today’s ceremony.

VP Kamala Harris and First Lady Jill Biden Display Intention to Support American Designers

For today’s inauguration, the upcoming first lady, Dr. Biden, wearing a custom blue woolen dress, coat and matching face mask from the New York Markarian brand, designed by Alexandra O’Neill. Ms. Harris wore an elegant purple coat and dress by Christopher John Rogers, a black New York designer known for his striking use of color. Mr. Rogers has recently been in the spotlight for making the structured blue suit the Rep. Alexandra Ocasio-Cortez in her December 2020 Vanity Fair cover story about women congressmen. Ms. Obama, whose fashion choices as first lady were covered in breathless media coverage and in the J.Crew case, increased sales of certain items, also selected a black American designer for today’s inauguration. The former first lady wore a burgundy ensemble by Sergio Hudson.

At the pre-inauguration ceremony of the Corona virus last night, Dr. Biden and Mrs. Harris also gave a firm statement in choosing a designer. Dr. Biden wore a purple dress, coat, and mask from up-and-coming New York designer Jonathan Cohen, whose parents are Mexican. Ms. Harris wore a custom camel coat from Pyer Moss, a label founded by Kerby Jean-Raymond, a socially conscious black designer of Haitian descent.

Ms. stepdaughter. Harris, Ella Emhoff, an art student who is interested in fashion, got buzz on social media for her experimental looks. Yesterday she was wearing a sophisticated skirt and tie suit from American designer Thom Browne. For the inauguration, she wore a plaid coat emblazoned by the Italian label Miu Miu.


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Photo of the Week: Trump Reported for the Second Time, Arizona Becomes America’s Covid-19 Hot Spot, Indonesian Earthquake Kills Dozens, and More | Instant News

Jan 16, 2021 4:30 PM ET

River Bailey, a 41-year-old software developer, said he doesn’t know if he would have gone into a trance at work if it weren’t for his ability to work from his home in central Texas. “It gave me the freedom to just live,” he said. Read more.

“If you can make a better battery, you can make a better car,” said QuantumScape Chief Executive Jagdeep Singh. The two biggest drawbacks of electric cars – limited range and slow charging – will likely last until the battery maker can fix the dendrite problem. The QuantumScape battery appears to have solved that problem. Mr Singh said the company has spent the last five years figuring out how to efficiently manufacture solid-state battery separators. Read more.

‘In life, we follow our conscience, we follow our principles, we do what we think is right, we try not to be intimidated or coerced,’ says John Clancey, whose New Jersey accent is still visible despite decades in Hong Kong. Clancey is one of dozens of activists arrested in an opposition group of figures – the largest since Beijing enacted a national security law in Hong Kong six months ago. Read more.

Sasha Halpern, 6, drew artistic inspiration from the ocean at her grandmother Loida Lewis’s home in East Hampton, NY, a haven for her and her family during the pandemic. From New York to San Francisco, city dwellers have fled to rural second homes and are finding a deeper connection with the nature around them. Read more.


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This Fashion Influencer Says ‘Don’t Buy Anything’ | Instant News

Off Brand is a three-monthly column that discusses women’s fashion and beauty trends.

AFTER BEING fired twice in a row, Aileen Luib decided to take matters into her own hands by starting a blog called “The Baller on a Budget”. Ms. Luib, 28, has long felt pressure to “follow the Kardashians,” as he puts it, growing up on the outskirts of Southern California as a second-generation Filipino immigrant. She explained: “I feel like I constantly have to maintain a certain appearance,” that she has to hide she has less money than the people around her. “It was a constant fierce battle to try to keep up with and not really share the honest side of my financial story.” Now, he shares the intricacies of his finances – including detailed details of her blog income – for her tens of thousands of followers, in addition to fashion and beauty content.

Some elite fashion bloggers seem utterly ignorant of real people’s budgets, as they go on sponsored private island vacations (“office of the day” —wink, wink) and their “unboxing” videos featuring designer handbags they received as gifts. The most famous fashion influencers, such as Chiara Ferragni (“The Blonde Salad”) and Charlotte Groeneveld (“The Fashion Guitar”), are closely associated with luxury designers such as Dior, Valentino, and Jimmy Choo. Many are vaguely hinting at personal wealth which, together with their paid sponsors, presents an intoxicating image of affluence, a world where the flow of new 4-digit luxury goods is the norm.

But during a year when women were hardest hit by the financial crisis sparked by the pandemic – accounting for all 140,000 US jobs lost in December – this lavish content seems increasingly untouchable. According to Mae Karwowski, CEO of New York-based Obviously, an influencer marketing firm, “The idea of ​​a 23-year-old wearing all the high-end luxury goods – just isn’t all that exciting now.” He explains that followers are now demanding more of a high / low mix from their favorite influencers, to better reflect their own budget. Influencers realized, as Karwowski put it, that their Instagram account was “not just a mini Vogue magazine”.

Canny content creators like Ms. Luib take a more realistic approach to fashion, inspiring their followers to see the bigger picture. “My mission is basically to get women like me to manage their finances while at the same time not feeling left out,” said Luib. He continued, “Because there is a stigma that if you can’t afford a Gucci bag, if you can’t afford Valentino shoes, you’re not one of them, that you don’t have a seat at the table.” He hopes to inspire women to feel valued and “look like a part” without going into debt. Like many other content creators, Ms. Luib comes from affiliate links and website advertisements as well as some promotional offers.


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