Posts tagged with "stock"

Cryptocurrency illustration by Heather Skovlund for use by 360 Magazine

The Richest Under 30: Sam Bankman-Fried

29-year-old Sam Bankman-Fried has made his mark in the world of crypto, rising to prosperity in such a short period of time as comparable to that of Austin Russell’s Luminar. But how exactly did he do it?

Sam Bankman-Friend is the son of two Stanford Law School professors who graduated with a degree in physics from Massachusetts Institute of Technology in 2014. Following his graduation from university, Sam worked for Jane Street trading ETFs from 2014 to 2017.

He created his first liquid crypto market business in 2017, more commonly known as Alameda Research.

In an interview with Forbes, he discussed the purpose behind the company, stating, “We saw that crypto was exhibiting all the signs that there would be a lot of demand for liquidity but with very little liquidity available. Everyone on the street was talking about crypto during that time.

“We were seeing huge price movements and inflows which clearly pointed to a lot of people from many different countries trying to buy many different varieties of crypto currencies using different acquisition methods. Despite how big it had become, it still had only been a few months. This meant that there had not been enough time for most of the buyers globally to onboard into the crypto ecosystem.”

Then, in April of 2019, Sam co-founded FTX, the cryptocurrency essentially “built by traders, for traders.”

FTX is primarily used by consumers to trade spot, futures, stock, leverage tokens and Non-Fungible Tokens (NFTS). The objective of FTX is “to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.”

In 2021 alone, FTX brought in $900 million from companies like Coinbase Ventures and Softbank, attributable to an $18 billion estimate, following another $25 billion valuation in October.

This success amounts to how Sam was able to make the Forbes 30 Under 30 Hall of Fame, naming him the wealthiest person in the world under 30. His net worth as of February 5, 2022, sits at $24.5 billion.

Portions of this revenue has been flowed into marketing for the company, as the FTX serves as “the official cryptocurrency exchange of the MLB.” FTX was noticeably seen throughout the World Series in signs, commercials and even patches on the umpires’ uniforms.

The company, too, houses the Miami Heat as the play in the FTX Arena. The rise of Sam’s business has been exponential, so much that he is richest person to have obtained wealth so rapidly behind Mark Zuckerberg, founder of Facebook.

What does the richest person under 30 plan to do with all this money?

Well, Sam prides himself on being a believer of “effective altruism,” a practice that involves making large amounts money to, in return, be donated back to boost one’s own influence.

One of his primary donations went towards the push for the removal of former US President Donald Trump from office. Sam donated a whopping $5.2 million to the Joe Biden campaign, which was the second greatest donation to the campaign following past New York Mayor Michael Bloomberg.

FTX Foundation contributes 1% of all net fees to active organizations around the world, while Sam himself has donated 0.1% of his own to issues surrounding voter registration, global poverty relief and artificial intelligence security.

Cryptocurrency illustration by Heather Skovlund for 360 Magazine

Cryptocurrency × NTFs

By: Heather Skovlund-Reibsamen

Cryptocurrency × NTFs

In recent news, Tautachrome Inc. has announced its patent attorney’s opinion on the early applicability of its KlickZie patents. The KickZie application will enable users to capture images that are invisibly marked and verified as the original. The owner of the image or video will have the ability to use, sell, and monetize their images. A simple tap on the image will allow users to communicate with the image’s author or others currently viewing the image. The patent is among many in the market of NFTs (Non-Fungible Tokens).

Cryptocurrency Breakdown:

Understanding cryptocurrency can be a headache! It is best to research thoroughly before investing your hard-earned money into just any digital asset. Let’s start with the basics: what is cryptocurrency?  Crypto, crypto currency, or cryptocurrency is a digital asset designed to work as a medium of exchange where individual coin ownership records are stored in a ledger existing in a form of computerized databases using strong cryptography to secure transaction records, control the creation of additional coins, and to verify the transfer of coin ownership. Now, cryptocurrency does not exist in a physical form, like your wallet filled with dollar bills.

Crypto Coins – Altcoins: Tokens, cryptocurrencies, and other forms of digital assets that are NOT bitcoin are known as alternative cryptocurrencies.

A few examples:

  • Peercoin
  • Litecoin
  • Dogecoin
  • Auroracoin
  • Namecoin

Tokens: Created and given out through an Initial Coin Offering, or ICO – much like a stock offering. Crypto tokens are a blockchain account that can provide functions other than making payments. Tokens are usually issued within a smart contract running on top of a blockchain.

  • Value tokens (Bitcoins)
  • Security tokens (to protect your account(s))
  • Utility tokens (designated for specific uses)

What does it mean when a cryptocurrency forks?

Sometimes a cryptocurrency will ‘fork’ and yes, that does sound confusing. It can be broken down into Forks, Hard Forks, or Soft Forks. Forks can be classified as accidental or intentional. An accidental fork happens when two or more miners find a block at the same, or almost same, time. The fork is then resolved when subsequent blocks are added and one of the chains becomes longer than the alternative. The network then abandons the blocks that are not in the longer chain, then referred to as orphaned blocks.

Hard Fork: A hard fork happens if a protocol or rule is changed so that the old protocol version is no longer valid.

Soft Fork: A soft fork occurs when a protocol or rule is changed, and the old version accepts the new version; enabling it to continue working.

What exactly are NTFs?

 A non-fungible token is a unit of data within a digital ledger called a blockchain. This is where each NFT can represent a unique digital item and are not interchangeable. A blockchain is a growing list of records (blocks), that are linked using cryptography. Each block has a cryptographic hash (a mathematical algorithm that maps data), a timestamp, and transaction data.

NFTs can be used to represent digital files such as audios, art, collectibles, sports, pornography, video games, and other forms of creative work. While copies can be made of these creative means, the NFTs representing the original are tracked on their underlying blockchains; therefore, providing the buyers with proof of originality and ownership.

In order to create an NFT, a file is uploaded to an NFT auction market. This creates a copy of the file recorded on the digital ledger as an NFT. This enables it to be bought with cryptocurrency and then resold. The artist can sell an NFT representing the work and still retain the copyright to the work as well as create more NFTs of the same file.

In addition, the buyer of the file does not gain exclusive access to the work or the original digital file. Unfortunately, a seller does not have to prove that they are the original artist either. There have been many cases where are was used for NFTs without the true artist’s permission.

Most Common Types of Cryptocurrency

Bitcoin: Invented in 2008 by a person or group using the name Satoshi Nakamoto. The currency began being used in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency leading the way for many others in the years to come. Bitcoins were created as a reward for a process known as mining (record-keeping service done electronically). Bitcoins can be exchanged for other currencies, products, and services.

Bitcoin Cash: A spin-off or altcoin of Bitcoin that was created in 2017 eventually splitting into two cryptocurrencies – Bitcoin Cash and Bitcoin SV. Bitcoin Cash is one of the most popular types of cryptocurrency on the market and holds a block size of 8MB. To compare, Bitcoin’s block size is just a mere 1MB. This means Bitcoin Cash processes at faster speeds for its users.

Litecoin: A peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin is nearly identical to Bitcoin. Created by Charlie Lee to improve on Bitcoin technology, with shorter transaction times, lower fees, and more concentrated miners. In May 2017, Litecoin became the first of the top 5 cryptocurrencies to adopt Segregated Witness – a soft fork implementation change in the transaction format of Bitcoin.

Ethereum: A decentralized, open-source blockchain with smart contract functionality developed by Vitalik Buterin. Ether (ETH) is the native cryptocurrency of the Ethereum platform. It is the second-largest cryptocurrency by market capitalization. Ethereum is also the most actively used blockchain. It focuses on decentralized applications (phone apps) – almost like an app store. Ethereum looks to return control of apps to its original creators instead of the middlemen (like Apple, for instance). The token name is Ether, which is used as currency by app developers and users.

Ripple: A real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc.  Ripple was released in 2012 upon a distributed open-source protocol that supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value (frequent flier miles, for example). Ripple is geared more towards large companies and corporations than it is for individual users. Ripple is well known for its digital protocol because it allows large amounts of money in any form to be transferred.

Alejandra Villagra, CBD, 360 MAGAZINE

High Times × Trading Symbol

HIGH TIMES ANNOUNCES TRADING SYMBOL AHEAD OF PLANNED LISTING

Hightimes Holding Corp., the owner of High Times®, the most well-known brand in cannabis, has announced that it has been approved for trading and has received its ticker symbol from FINRA. Upon completion of certain regulatory formalities, Hightimes will trade under the symbol “HTHC.”

The company, which is presently conducting a Reg A+ IPO, has garnered over $20,000,000 in investments from more than 25,000 shareholders. The High Times organization believes the ticker HTHC, an acronym for Hightimes Holding Corp., best identifies the company’s next chapter. The company polled its investors to decide the company’s ticker, receiving over 82% in support of the HTHC symbol.

“We’re extremely excited to shortly complete our Regulation A + process and commence trading – this approval for trading has been a long time coming! The support from our shareholders has been overwhelming, and this was really a decision which we sought input from our over 25,000 investors,” said Adam Levin, Hightimes Holding Corp.’s Executive Chairman. “We have an incredible community of investors who are actively engaging with our brand, and our community is growing by the day!”

“What better way to enter the public markets than crowdsourcing our ticker? This was truly a community decision. We wanted to open this up to our shareholders as this will be a symbol that defines us all for years to come,” Hightimes Chief Executive Officer Stormy Simon noted. ”

Mr. Levin continued, ”We believe that the Hightimes Regulation A+ investment campaign has proven to be one of the most successful offerings of its type – across any industry.”

This marks the last opportunity to become a shareholder ahead of the company’s listing on the public markets.

Interested investors are encouraged to visit hightimesinvestor.com to view the High Times offering circular. You can also email investor@hightimes.com or call 1 (833) BUY-HTHC (833-289-4842). View our latest Regulation A+ offering circular and our SEC filings HERE and HERE.

About High Times
For more than 45 years, High Times has been the world’s most well-known cannabis brand – championing the lifestyle and educating the masses on the benefits of this natural flower. From humble beginnings as a counterculture lifestyle publication, High Times is evolving into a cannabis retailer, hosting industry-leading events like the Cannabis Cup and the High Times Business Summit, while providing digital TV and social networks, globally distributed merchandise, international licensing deals and providing content for its millions of fans and supporters across the globe. In the world of Cannabis, High Times is the arbiter of quality. For more information on High Times visit hightimes.com

HIGH TIMES SOCIAL MEDIA:
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2018 JEEP GRAND CHEROKEE TRACKHAWK 

The hawk is one of the most powerful birds in the sky. It dominates its territory by fiercely navigating the air, swooping in on its prey with incredible speed and accuracy. Now apply those characteristics to a vehicle and you discover something that is ferociously fast, nimble and adaptable with unprecedented performance.   


by Anthony Sovinsky × Vaughn Lowery 


The 2018 Jeep Grand Cherokee Trackhawk is an AWD SUV equipped with the notorious Hellcat engine. A supercharged 6.2 liter V8 delivering 707hp with 645 ft-lb of torque in a 8-speed automatic with Quadra-Trac active on demand 4WD that catapults this brute from 0-60 in 3.5 seconds, howling across the quarter mile in 11 seconds and reaches a top velocity of 180 mph. There are no other SUVs in the world exhibiting this type of performance besides the Lamborghini Urus (650hp w/ 626lb-ft torque starting around $200,000). With a height of 67.9 inches, you will be staring at the roof of many vehicles which are capable of keeping up, especially if you follow Launch Control instructions – this bird soars 0 to 60 mph in 3.3 seconds. 


Weighing in at 5,636lbs, it is armed with an enlarged Brembo performance anti-lock braking system. Up front, the Trackhawk is fitted with big 15.8-inch rotors with 6-piston calipers; and in the back end, it passes 13.8-inch rotors with 4-piston calipers, making it come to a halt from 60 mph in a mere 114 feet. The bright yellow calipers nicely compliment the 20×10 inch black satin aluminum wheels ($995) encased in meaty 295/45ZR20 BSW 3 season tires ($895). Moreover, Blistein competition suspension containing active dampening keeps it firmly planted with very slight roll. Select-Track system allows the driver to elect five different modes – auto, sport, track, snow and tow (w/ 7200lb capacity).   


Many drivers in a metropolis are defensive, but some aren’t able to concentrate on what’s in our peripheral during a concrete jungle safari. Precisely for that reason, several safety features have been implemented: parallel and perpendicular park assist; LaneSense lane departure warning; full speed forward collision warning; advanced brake assist; adaptive cruise control to stop, blind spot and cross path detection; park view rear backup camera; and last but certainly not least, a valet mode that significantly reduces horsepower (to about 200 hp) and torque to make the car more manageable to the unfamiliar.   


Carrying on to the exterior, the Jeep is tastefully badged with “Trackhawk” emblems (on floor mats as well as rear back gate) and a “Supercharged” side door steel plate informing spectators of what’s under the hood. The front-end features a seven-slot grille equipped with Bi-Xenon HID headlamps. And, similar to its Challenger Hellcat sibling, it features functional air intakes which replace fog lamps to help cool the powerful engine. Continuing towards the boot, Fiat-Chrysler North America (NA) added quad exhaust tips, causing the vehicle to appear more aggressive on most angles.  


Upon entering the cabin, drivers and passengers are welcomed by Napa/Suede “Trackhawk” stamped performance seats, carbon fiber trim, blackened chrome accents and a three-spoke flat bottom steering wheel with paddle shifters. Adjacent, lies the Uconnect 4C NAV with 8.4 inch display which is compatible with both Apple CarPlay and Android Auto. Furthermore, the screen can access various drive modes as well as engine performance readouts for the more avid aficionado. And, if you go on to purchase the 2XV package, not only will you have access to a high performance vehicle, but a high performance audio system ($1,995). Outfitted with 19 Harman Kardon speakers alongside a subwoofer and an 825-Watt amplifier. With ample head and leg room, one can expect space for the entire modern family – driver, four passengers and a small to medium sized dog to comfortably run circles in the trunk area. Moreover, there’s adequate room for a few weekender bags to stealthily fit underneath the trunk matt right above the spare tire.  


It’s almost hard to believe that such an SUV exists at such an affordable price point: supercar power plant, all-terrain capabilities, tenacious brakes, moderately precise steering (best in track mode), enhanced suspension offers comfortable cornering and hypersensitive acceleration – no one will ever ask, “Are we there yet?” The 2018 Jeep Grand Cherokee Trackhawk base price is close to $85,900 and the customer preferred package 2XV adds another $4,980 for a total of $90,880. In short, Fiat Chrysler NA once again delivers a huge bargain which cannot be ignored while delivering tremendous curb appeal. Hence, the Trackhawk will leave enthusiasts watering at the mouth for years to come.   


http://www.jeep.com/2018/grand-cherokee/performance.html