Now is the time for governments, banks, and tech firms to collaborate and discuss how payments and currencies will function in the metaverse. Many believe that the metaverse will be an immersive, virtual environment where people interact with one another via “avatars,” despite the fact that it is yet mostly …
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A hard lesson in hype advertising can be learned from the FTX catastrophe
A Super Bowl ad featuring Larry David had never, ever, ever been released. Weeks in advance, as is increasingly standard, there was no genuine teaser or trailer. Instead, cryptocurrency exchange FTX went old school and planned to surprise spectators with the renowned comedian during the actual game. The Seinfeld and …
Read More »The collapse of FTX demonstrates how unstable the cryptocurrency market really is
It’s quite simple for an empire you built with joke money to disappear overnight. That is the easiest explanation for the collapse of the once-dominant cryptocurrency exchange FTX, which filed for bankruptcy on Friday. At the start of November, FTX was in charge of one of the most valuable cryptocurrency …
Read More »Commentary from former Vine executives on Elon Musk’s proposal to revive the app
Former workers claim a revival would have a difficult time competing with TikTok, which now rules the short-form video market. On October 30, Elon Musk, who had just been named “Chief Twit,” published a Twitter poll asking the straightforward question, “Bring back Vine?” After almost five million votes, the survey …
Read More »As its CEO steps down, the cryptocurrency exchange FTX declares bankruptcy
The corporation saw a startlingly quick fall prior to the most recent developments. This week, the term “bankruptcy” has been used by a number of big digital companies, not only Twitter. Crypto exchange FTX has applied for Chapter 11 bankruptcy protection following a startlingly quick collapse, and creator Sam Bankman-Fried …
Read More »Projectiles from a 72-foot fusion gun are fired at 4.3 miles per second in an effort to produce limitless energy
The Big Friendly Gun, or BFG for short, is a 22-meter (72-foot) steel prototype gun that shoots a bullet at astronomical speeds into a fuel pellet to produce nuclear fusion reactions. The original word for the BFG, however, was probably not “friendly.” The gun was developed by UK startup First …
Read More »A cryptocurrency billionaire sets a record by losing 94% of his wealth in a single day
According to Bloomberg, a crypto billionaire lost a staggering 94 percent of his wealth in a single day, breaking a record for the most money ever lost. Sam Bankman-Fried, the founder and CEO of the cryptocurrency exchange FTX, had an estimated value of $17 billion earlier this week. He had …
Read More »Musk Says Twitter’s “Bankruptcy Isn’t Out Of The Question”
Elon Musk has suggested that Twitter may file for bankruptcy just two weeks after being given the reins. During a Thursday all-hands meeting with Twitter employees, Musk reportedly said that “bankruptcy isn’t out of the question,” according to Zo Schiffer, managing editor of tech newsletter Platformer, who covered the event. …
Read More »Amazon consolidates robotic initiatives in response to economic challenges
We went to Amazon’s BOS27 robotics factory to talk about how package sorting and last-mile delivery are changing. A tranquil town of 22,000 people, Westborough, Massachusetts, is located 40 minutes by vehicle southeast of Boston. One of the town’s more recent residents is BOS27. A little more than a year …
Read More »Emergency SOS Satellite for iPhone 14 Is Coming Later This Month
Later this month, your iPhone 14 or 14 Pro will be able to make satellite calls to emergency services, according to a release issued by Apple on Thursday regarding its $450 million investment in the technology. When a person is beyond the cell service coverage area, Apple claims that the …
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