The world must take a ‘collective action’ approach to regulations – suggests India’s Finance Minister

India’s Finance Minister, Nirmala Sitharaman, suggested that regulation “cannot be done” by a single country, it requires an international effort, in a recent television interview.Speaking to Rahul Joshi on CNBC-TV18 in India on Feb. 3, Sitharaman noted that while the central bank is the “authority for issuing cryptocurrency,” the rest of the digital assets created outside are “using very useful financial technologies.”Sitharaman said that India is looking at a “global” standard operating procedure (SOP) to be “agreed upon” for regulating crypto assets, ahead of India hosting the G20 Finance Ministers and Central Bank Governors meeting in Bengaluru later this month.She suggested that for crypto regulations to be effective it requires global consensus. She noted:“Regulation cannot be done by any one country singularly, it has to be a collective action because technology doesn’t group any borders.”Related: India cooperates with IMF on crypto consultation paperThis comes after the news that Sitharaman didn’t mention any changes to income tax laws in relation to crypto, central bank digital currency or blockchain technology in the union budget on Feb. 1.There have been numerous developments on crypto regulations by various countries within the G20 in recent times.The Australian Treasury released a consultation paper on Feb. 3 on “token mapping.” Despite the paper not providing any legislative initiatives, its authors suggested tailoring existing laws for a large portion of the crypto ecosystem.The Bank of France’s governor Francois Villeroy de Galhau stated during a speech in Paris on Jan. 5 that France shouldn’t wait on EU crypto laws, and instead take action on licensing “as soon as possible.”Brazil and Argentina are having their own discussions about creating a “common currency” together, in order to reduce dependance on the U.S. dollar.Meanwhile Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), believes that the Chinese government should reconsider its ban on cryptocurrency trading, suggesting it may not be sustainable in the long run.

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Protocol Labs, Chainalysis and Bittrex add to crypto layoff season

Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare for a “longer downturn.”At least 216 jobs were slashed between three crypto firms – open-source software laboratory Protocol Labs, blockchain data firm Chainalysis and U.S. cryptocurrency exchange Bittrex, with reductions of 89, 83 and 44 employees respectively.Juan Benet, CEO of Protocol Labs, the parent company of Filecoin (FIL), announced the job cuts in a blog post on Feb. 3 stating that the company has had to focus its headcount “against the most impactful and business critical efforts.”He stated that the company’s decision to cut “89 roles,” approximately 21% of its workforce, was to ensure it is well positioned to “weather this extended winter.”Benet suggested that the company must “prepare for a longer downturn,” given it has been an “extremely challenging” time for the crypto industry.Meanwhile Bittrex employees were informed by CEO Richie Lai over email on Feb. 1 that the company has made a reduction to its workforce to “ensure the long-term viability” of the company.The email was leaked via Twitter on Feb. 2, in which Lai stated that despite the leadership team “working aggressively” to reduce expenses and increase efficiencies over the last several months, the efforts have not produced the “results necessary.”Lai added that the market conditions have forced the company to reset their strategy and balance its “investments with the new economic environment.”According to Washington State employment data on Feb. 2 it was revealed that Bittrex cut 83 jobs.Related: Crypto recruitment execs reveal the safest jobs amid layoff seasonMaddie Kennedy, director of communications at Chainalysis, told Forbes on Feb. 1 that those “primarily in sales” at the company were let go, as 44 of its 900 employees, approximately 4.8% of the workforce, were slashed.These layoffs come after news that at least 2,900 staff were cut across 14 crypto firms in January.Coinbase had the largest layoffs amongst those firms, cutting 950 of its staff on Jan. 10.Meanwhile competitor exchanges Crypto.com, Luno and Huobi had reductions of approximately 500, 330 and 320 staff respectively.Cointelegraph reached out for comment from Protocol Labs, Chainalysis and Bittrex but did not receive a response by the time of publication.

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Price analysis 2/3: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

Bitcoin’s (BTC) rally in 2023 has been boosted by expectations that the United States Federal Reserve will slow down the pace of its rate hikes as inflation has started cooling down. Some even anticipate a rate cut by the end of the year. That assumption received a jolt on Feb.3 when the U.S. employment data for January beat expectations and unemployment hit its lowest level since May 1969.If markets do not react negatively to news perceived as bearish, it’s a sign that the sentiment has turned positive. Traders may then shift their focus to the next important economic data release. Trading firm QCP Capital said in its latest market update that the Consumer Price Index print on Feb. 14 could move markets. They believe the risks to the data are to the upside.Daily cryptocurrency market performance. Source: Coin360The current crypto bear market seems to have driven the institutional investors to the sidelines. According to a new survey conducted by JPMorgan, 72% of institutional traders said they do not plan to “trade crypto/digital coins” in 2023. Only 14% of the respondents showed an inclination to trade this year.Will Bitcoin and altcoins witness profit booking in the near term? Let’s study the charts of the top-10 cryptocurrencies to find out.BTC/USDTBitcoin bounced off the $22,800 support on Feb. 1, indicating that bulls are buying the dips to this level. The bulls pushed the price above $24,000 on Feb. 2 but they could not sustain the higher levels. BTC/USDT daily chart. Source: TradingViewThe rising moving averages and the relative strength (RSI) in the overbought zone indicate that the path of least resistance is to the upside. If the price turns up from the current level or $22,800, the BTC/USDT pair could surge to $25,000. This level is likely to act as a formidable barrier.The first sign of weakness will be a break and close below the 20-day exponential moving average ($22,279). That could trigger the stops of several short-term traders and the pair could then fall to $21,480.ETH/USDTBuyers propelled Ether (ETH) above the overhead resistance of $1,680 on Feb. 2 but they could not sustain the breakout. The price gave up all the gains on the day and closed below $1,680.ETH/USDT daily chart. Source: TradingViewThe upsloping 20-day EMA ($1,571) and the RSI in the positive territory indicate that bulls are in control. They may again attempt to overcome the overhead barrier at $1,680 and start the journey to $2,000. The $1,800 level may provide some resistance but it is likely to be crossed.If bears want to gain the upper hand, they will have to sell aggressively and yank the price back below the 20-day EMA. If they can pull it off, the ETH/USDT pair may decline to $1,500 and if this support cracks, the pullback could eventually reach $1,352.BNB/USDTBNB’s (BNB) tight-range trading between the 20-day EMA ($306) and the overhead resistance at $318 resolved to the upside on Feb. 2.BNB/USDT daily chart. Source: TradingViewAlthough bears sold the rally on Feb. 2, a positive sign is that the buyers did not allow the price to slide back below the breakout level of $318. This suggests that the bulls are trying to flip the $318 level into support. If they can pull it off, the BNB/USDT pair could skyrocket to $360 as there is no major barrier in between.If bears want to halt the up-move, they will have to pull the price back below the 20-day EMA. The pair could then drop to the 50-day simple moving average ($276).XRP/USDTXRP (XRP) once again turned down from the $0.42 resistance on Feb. 2, indicating that bears are trying to protect this level.XRP/USDT daily chart. Source: TradingViewThe price is getting squeezed between the 20-day EMA ($0.40) and $0.42. This suggests a breakout may be around the corner. The gradually upsloping 20-day EMA and the RSI in the positive territory indicate that bulls have the upper hand. This increases the possibility of a break above $0.42. If that happens, the XRP/USDT pair could soar to $0.51.Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, the decline could extend to the 50-day SMA ($0.37).ADA/USDT Attempts by the bears to sink Cardano (ADA) below the 20-day EMA ($0.37) failed on Feb. 1. The bulls fiercely defended the level as seen from the long tail on the candlestick.ADA/USDT daily chart. Source: TradingViewThe negative divergence on the RSI points to weakening momentum but the upsloping 20-day EMA suggests that buyers have the edge. If the price turns up from the current level, the bulls will again try to catapult the ADA/USDT pair toward the overhead resistance at $0.44.On the contrary, if the price turns down and breaks below the 20-day EMA, it will signal that traders may be booking profits. That could open the doors for a potential drop to the 50-day SMA ($0.31).DOGE/USDTThe long tail on Dogecoin’s (DOGE) Feb. 1 candlestick shows that the bulls aggressively purchased the dip to the 20-day EMA ($0.08). However, buyers failed to build upon this strength and overcome the barrier at $0.10.DOGE/USDT daily chart. Source: TradingViewThe DOGE/USDT pair is stuck between the 20-day EMA and $0.10. The gradually upsloping 20-day EMA and the RSI in the positive territory indicate that buyers have a slight edge. If the price once again rebounds off the 20-day EMA, the bulls will try to overcome the resistance at $0.10. If they manage to do that, the pair could rise to $0.11.On the other hand, if the price slips below the 20-day EMA, the pair could drop to the 50-day SMA ($0.08). This is an important level for the bulls to defend because if it cracks, the pair could retest $0.07.MATIC/USDTPolygon (MATIC) turned up from the breakout level of $1.05 on Feb.1 and reached above $1.25 on Feb. 2. The long wick on the day’s candlestick suggests that short-term traders may have booked profits at higher levels.MATIC/USDT daily chart. Source: TradingViewA positive sign is that the bulls did not cede ground to the bears and are attempting to push the price to the target objective at $1.30. This level may again act as a strong barrier but if buyers bulldoze their way through, the MATIC/USDT pair could reach $1.70.Alternatively, if the price turns down sharply from the current level, the MATIC/USDT pair could drop to $1.05. This is an important level to keep an eye on because a bounce off it could keep the pair range-bound between $1.05 and $1.30 for a few days. Related: Bitcoin’s big month: Did US institutions prevail over Asian retail traders?LTC/USDTLitecoin (LTC) continued its northward march and skyrocketed above the psychological level of $100 on Feb. 1. This rise may have tempted short-term traders to book profits.LTC/USDT daily chart. Source: TradingViewThe LTC/USDT pair could enter a minor correction but the bulls are likely to buy the dip to the 20-day EMA ($90). If the price turns up from the current level or rebounds off the 20-day EMA, the bulls will try to extend the up-move to $107.This positive view could invalidate in the near term if the price turns down and breaks below the 20-day EMA. Such a move will indicate that the bulls may be rushing to the exit. The pair could then slump to $81 and later to $75.DOT/USDTPolkadot (DOT) bounced off the 20-day EMA ($6.21) on Feb. 1 and broke above the overhead resistance of $6.84 on Feb. 2. The bulls could not maintain the higher levels as seen from the long wick on the Feb. 2 candlestick.DOT/USDT daily chart. Source: TradingViewA positive sign is that the bulls did not allow the price to break back below the resistance line. This indicates that traders are trying to flip this level into support. Buyers will have to sustain the price above $7 to gain control. The DOT/USDT pair could then surge to $8 where it may face strong resistance from the sellers.If bears want to regain control, they will have to quickly sink the price back below the 20-day EMA. The pair could then enter a corrective phase and plummet to $5.50.AVAX/USDTAvalanche (AVAX) soared above the overhead resistance at $22 on Feb. 2 but the long wick on the day’s candlestick shows that bears are selling on rallies.AVAX/USDT daily chart. Source: TradingViewThe rising moving averages suggest that bulls are in command but the negative divergence on the RSI indicates that the momentum may be weakening. If buyers do not give up much ground from the current level, the likelihood of a break above $22 increases. The AVAX/USDT pair could then attempt a rally to $30.Contrarily, if the price slips below $20.50, the pair could reach the resistance line. The bears will have to sink the pair below this support to tilt the advantage in their favor. The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Ex-Wells Private Banker Sues Firm Over Alleged Sexual Harassment, Assault

A former Wells Fargo private banker in California filed a sexual harassment lawsuit Thursday against the bank and four male former colleagues claiming the firm failed to stop ongoing bias and assault. The plaintiff, who brought her claim in Los Angeles County Superior Court, is identified only as Jane Doe who worked at Wells as […]

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LPL’s Recruited Assets Slip in 2022, But Headcount Continues Climb

LPL Financial, the largest independent broker-dealer by its more than 21,000 brokers, posted a slight downtick in one measure of its hiring as recruited assets slipped 8% to $82 billion last year.  LPL added advisors who had managed around $15 billion in the fourth quarter, down around 5% from $17 billion in the year-ago quarter. […]

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NTAM Launches Climate and Natural Capital Investment Strategy

Global investment manager Northern Trust Asset Management (NTAM) announced today the launch of the World Natural Capital Paris-Aligned Index strategy, aimed at providing institutional clients with an enhanced net zero solution integrating climate and natural capital considerations. Julie Moret, Global Head of Sustainable Investing and Stewardship at NTAM, said: “Investors are increasingly considering a wider […]

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Credit Agricole Buys 50% Stake in $300 Million Renewables Portfolio from TotalEnergies

Crédit Agricole Assurances, the insurance subsidiary of international banking and investment group Crédit Agricole announced today the acquisition of a 50% stake in a 234 MW portfolio of renewable energy projects in France from energy giant Total Energies. The transaction values the portfolio at approximately $300 million. The acquisition follows the launch in December 2022 […]

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British Police Find 6,000 Cannabis Plants in Abandoned Tire Factory

British police this week reportedly uncovered thousands of cannabis plants in an abandoned tire factory in what is being called one of the largest weed busts in the area. 

The British newspaper The Independent reported that law enforcement in the otherwise sleepy Lincolnshire village “busted one of their largest ever cannabis factories after discovering 6,000 plants inside an old tyre factory – believed to be worth around £6.5 million.”

“This is one of the largest cannabis grows we have located in Lincolnshire to date and follows the excellent development of intelligence,” said detective inspector Richard Nethercott, as quoted by the Lincolnshire World.

“Cannabis production is far from being harmless: it is often linked to wider, organised criminality which is why tackling the wider issue of drug supply is one of our key priorities. Lincolnshire Police remains determined to crack down on criminal enterprises and remove drugs from circulation.”

According to the BBC, three men “aged 28, 38, and 42, all of no fixed address, were taken into custody following the raid,” and the plants were “removed and destroyed.”

The raid “took place at the property situated behind a countryside village pub at around 8am on Tuesday,” according to The Independent, which said that the property was the location of “the Old Kings Head Tyre Factory in Hubberts Bridge, near Boston.”

While the raid may have been remarkable for Lincolnshire, it falls under a familiar story genre here at High Times, which has chronicled some of the more peculiar cannabis busts from across the pond. 

In 2019, we told you about the 120-year-old Victorian style theater in London that was the site of a $51 million marijuana grow operation. 

Authorities there surmised that the grow site had been operational for roughly a decade in the bowels of the old Broadway Theater, which was built in 1897.

A spokesperson for the London police said that “officers were called to an address following reports of a disturbance.” 

“They discovered a large number of cannabis plants along with equipment used in the cultivation of cannabis in an area beneath the residential properties. Three men, aged 28, 45, and 47, and a 36-year-old woman have been arrested on suspicion of the cultivation of cannabis. They have all been released under investigation,” the spokesperson said at the time.

A couple years later, the British were at it again, this time discovering an illicit grow operation at a 17th century castle in Somerset, located in southern England.

That same year, in 2021, a massive growhouse was discovered in London’s financial district, which had gone quiet amid the lockdown restrictions of the COVID-19 pandemic.

Police at the time responded to reports of a pungent cannabis odor in the area.

“This is the first cannabis factory in the City, no doubt being set up in response to fewer people being out and about during the pandemic who might have noticed any unusual activity,” Andy Spooner, the London detective overseeing the investigation, said at the time. “However, this demonstrates that City of London Police continues to actively police the Square Mile, bearing down on any crime committed here.” 

And last year, the English village of West Parley provided yet another example after locals there discovered a half-dozen suspicious plants growing in a community garden. 

The marijuana plants were tough to miss, with one local remarking at the time that they were “towering above the bedding plants.”

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UC Davis Launches Institute for Psychedelics and Neurotherapeutics

The University of California, Davis announced this week that it is launching a new institute that aims to “advance basic knowledge about the mechanisms of psychedelics and translate it into safe and effective treatments for diseases such as depression, post-traumatic stress disorder, addiction, Alzheimer’s disease and Parkinson’s disease, among others.”

Called “the Institute for Psychedelics and Neurotherapeutics,” it will “bring together scientists across a range of disciplines and partner with the pharmaceutical industry to ensure that key discoveries lead to new medicines for patients,” the university said in the announcement, adding that the institute “was specifically designed to facilitate collaborations across campus.”

The institute “will be funded in part by a contribution of approximately $5 million from the deans of the College of Letters and Science and the School of Medicine, the vice chancellor for Research, and the Office of the Provost,” the school said, noting that the funding distinguishes it from other centers involved in the same field of study.

“While other psychedelic science centers have been formed across the country with gifts from philanthropists, the UC Davis institute is notable for also being supported by substantial university funds,” the university said. 

The university said that another “unique feature of the UC Davis institute will be its focus on chemistry and the development of novel neurotherapeutics.”

David E. Olson, an associate professor in the Department of Chemistry and the Department of Biochemistry and Molecular Medicine at UC Davis, has been tapped to serve as the founding director of the new institute.

“Psychedelics have a lot of therapeutic potential, but we can do better,” said Olson, whose group published a paper three years ago “describing the first nonhallucinogenic analogue of a psychedelic compound capable of promoting neuroplasticity and producing antidepressant and anti-addictive effects in preclinical models,” according to the university.

In Olson’s view, the university said, “novel molecules tailored to specific disease indications could offer substantial benefits and open doors to partnerships with industry by solving many issues currently faced by traditional psychedelics related to safety, scalability and intellectual property.”

“Psychedelics have a unique ability to produce long-lasting changes in the brain that are relevant to treating numerous conditions,” said Olson. “If we can harness those beneficial properties while engineering molecules that are safer and more scalable, we can help a lot of people.”

John A. Gray, an associate professor in the Department of Neurology, will serve as associate director. Olson and Gray authored a study in 2018 “demonstrating that psychedelics promote neuroplasticity — the growth of new neurons and formation of neural connections,” the university said in the announcement this week.

“Neuronal atrophy is a key factor underlying many diseases, and the ability of psychedelics to promote the growth of neurons and new connections in the brain could have broad therapeutic implications,” Gray said.

The university stated that the institute “will leverage the extraordinary breadth of expertise in the neuroscience community at UC Davis, which includes nearly 300 faculty members in centers, institutes and departments across the Davis and Sacramento campuses,” and that researchers “will be able to work on every aspect of psychedelic science, from molecules and cells through to human clinical trials.”

“Combining the considerable expertise of UC Davis’ pioneering basic research teams, world-class neuroscientists and our nationally recognized medical center is a formula for success that we trust will result in groundbreaking discoveries that will help patients regionally and worldwide,” Susan Murin, dean of the School of Medicine, said in the announcement this week.

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Yale Announces New Cannabis Research Center

One of the country’s most prestigious academic institutions will be home to a new research center dedicated to studying cannabis. 

The Yale School of Medicine announced the creation this week of “a research center to study the acute and chronic effects of cannabis and cannabinoids on neurodevelopment and mental health.”

Called the “Yale Center for the Science of Cannabis and Cannabinoids,” the center “will be led by Deepak Cyril D’Souza, MD, Albert E. Kent Professor of Psychiatry and a leading expert on the pharmacology of cannabinoids.”

The announcement comes only weeks after Connecticut, where the elite Ivy League university is located, launched legal recreational cannabis sales. 

After the regulated marijuana market went live, D’Souza sounded the alarm on cannabis use among young people. 

“It’s easy for adolescents to get their hands on tobacco and alcohol and why do we think that’s not going to be the case with cannabis,” D’Souza told local news station WTNH.

“Exposure to cannabis … in adolescents has been associated with the development of some serious psychiatric disorders including schizophrenia and other psychosis,” D’Souza added, as quoted by the station.

The center, which was announced by the university on Monday, will be funded initially by “the Department of Psychiatry, with support from the dean’s office.”

“Funding will support pilot studies toward the development of a P50-type center grant application…” the university said in the announcement, noting that those interested in applying for funding must contact D’Souza.

According to a press release about the new cannabis research center, university leaders “said in their announcement that the launch of the center comes at a time of rapid commercialization of cannabis across the United States,” and that the new “center will use a multipronged and multidisciplinary approach to study the acute and chronic effects of cannabis and cannabinoids.” 

Legal recreational pot sales kicked off in Connecticut last month. According to WTNH, the first week of sales brought in more than $2 million. 

The state legalized marijuana in 2021, when Democratic Gov. Ned Lamont, who was elected to another term in last year’s election, signed a bill into law.

“That’s why I introduced a bill and worked hard with our partners in the legislature and other stakeholders to create a comprehensive framework for a securely regulated market that prioritizes public health, public safety, social justice, and equity. It will help eliminate the dangerous unregulated market and support a new, growing sector of our economy which will create jobs,” Lamont said in a signing statement at the time. “By allowing adults to possess cannabis, regulating its sale and content, training police officers in the latest techniques of detecting and preventing impaired driving, and expunging the criminal records of people with certain cannabis crimes, we’re not only effectively modernizing our laws and addressing inequities, we’re keeping Connecticut economically competitive with our neighboring states.” 

Lamont announced in December that, as part of the state’s new cannabis law, about 44,000 individuals would have their prior marijuana convictions expunged at the beginning of 2023.

“On January 1, thousands of people in Connecticut will have low-level cannabis convictions automatically erased due to the cannabis legalization bill we enacted last year,” Lamont said in a statement at the time. “Especially as Connecticut employers seek to fill hundreds of thousands of job openings, an old conviction for low-level cannabis possession should not hold someone back from pursuing their career, housing, professional, and educational aspirations.”

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ECB Boosts Tilt of Corporate Bond Portfolio to Better Climate Performers

The European Central Bank (ECB) announced that it will focus a greater proportion of its corporate bond purchases towards issuers with stronger climate performance, supporting the decarbonization of the Eurosystem’s €344 billion corporate bond portfolio. The stronger green “tilt” was revealed as part of the details provided by the ECB of its plan to begin […]

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Sanctuary CEO Jim Dickson Out in Leadership Shakeup

Jim Dickson, the former Merrill Lynch divisional manager who launched Sanctuary Wealth Group almost five years ago, has stepped down as Chief Executive, according to an announcement on Thursday.  Indianapolis-based Sanctuary named Adam Malamed, a board member and a former executive of Ladenburg Thalmann, to replace Dickson effective immediately, according to the release.   Dickson did […]

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Wells Fargo Advisors Wins Nearly $20M in Raiding Claim Against Raymond James

Wells Fargo Advisors won more than $19.6 million in an arbitration claim accusing Raymond James Financial Services and an ex-Wells broker of raiding an Arkansas branch that has since closed, according to an award issued Thursday. Raymond James and Kent Jackson Rhoades, who left Wells for Raymond James’ independent channel in October of 2018, were […]

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TotalEnergies, Air Liquide to Build Hydrogen Network for Heavy Duty Trucks Across Europe

Energy company TotalEnergies and industrial gases and services supplier Air Liquide announced today the launch of a new joint venture to develop a network of hydrogen stations for heavy-duty vehicles in Europe.    Under the new partnership, TotalEnergies and Air Liquide aim to deploy more than 100 hydrogen stations on major road corridors in France, […]

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Miami Broker with $250 Million Book Exits Merrill For RayJay’s Alex. Brown Unit

Raymond James Financial has reeled in a Merrill Lynch broker managing $250 million in Miami, according to an announcement.  Daniel Laiter, a 25-year industry veteran, joined Raymond James’ Alex. Brown unit, a cadre of high-net worth brokers that Raymond James acquired from Deutsche Bank in 2014. Laiter, who focuses on clients in Mexico, registered with […]

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WTW Launches ESG Analytics Platform

Global advisory, broking, and solutions company WTW announced today the launch of ESG Clarified, a new analytics platform aimed at enabling organizations to understand and address climate, sustainability and other ESG risks. The new SaaS solution, available through WTW’s Risk Intelligence Quantified (RiskIQ) platform, combines external and proprietary data sources, including internal WTW data sources […]

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Climate Analytics Provider Risilience Raises $26 Million

Climate analytics provider Risilience announced that it has raised $26 million, with proceeds aimed at expanding  its climate-risk assessment and net-zero planning SaaS platform. Launched in 2021 as a spinout of the Centre for Risk Studies at the University of Cambridge Judge Business School, Risilience provides solutions enabling companies to measure and balance the potential […]

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Energy Storage Tech Provider ONE Raises $300 Million for New Michigan Gigafactory

Energy storage technology company Our Next Energy (ONE) announced that it has raised $300 million, as it prepares to launch its first battery cell gigafactory. The Series B equity round values the company at a $1.2 billion post-money valuation. Launched in 2020, Michigan-based ONE recently announced plans to invest $1.6 billion in ONE Circle, its […]

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