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Month: June 2022
DOJ Files Charges Against Baller Ape Club ‘Rug Pull’
The DOJ also announced three other crypto fraud cases amounting to over $100 million in potential losses.
Apple’s former securities lawyer pleads guilty for doing the insider trading he was supposed to prevent
Illustration by Alex Castro / The Verge A former Apple lawyer who was in charge of preventing insider trading has pleaded guilty to six counts of securities fraud for insider trading, according to a Department of Justice (DOJ) press release. Gene Levoff, once the company’s former corporate secretary and director of corporate law, “misappropriated material, … Read more
Micropyramid lenses triple the light that hits solar panels
Stacks of teeny lenses that look like inverted pyramids could juice up solar panels, helping them capture more light from any angle on both sunny and overcast days. Solar panels perform best in direct sunlight, which is why some solar systems track the big fireball across the sky, turning to face it for maximum light. … Read more
The FCC authorizes SpaceX’s Starlink system to be used on vehicles in motion
Photo by Thomas Ricker / The Verge Today, the Federal Communications Commission (FCC) granted SpaceX authorization to use its Starlink satellite internet system on vehicles in motion — including cars, trucks, boats, and aircraft. It’s a big win for SpaceX’s Starlink system, potentially opening up the service to a more diverse range of use cases … Read more
Crypto Lender Celsius Network Exploring Options to ‘Preserve and Protect’ Assets
Celsius Network is consulting with experts to try to reduce the fallout from its mid-June swoon.
Daily Crunch: OpenSea, an NFT marketplace, revealed email data breach that may have affected 1.8M users
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Greetings, everyone, on this fine day. If you haven’t had the chance yet, please give a shout to our newest reporter, Andrew Mendez, who wrote today about Twelve capturing carbon and turning … Read more
You can buy Sega’s Mega Drive Mini 2 flight stick and get it shipped to the US
The Cyber Stick | Image: Famitsu Sega may have only announced the Mega Drive Mini 2 for release in Japan so far, but there’s a pretty cool accessory for it that appears to work with PCs and can be shipped stateside. As of this writing, Amazon has the Mega Drive Mini 2 Cyber Stick controller … Read more
Facebook Begins Testing Ethereum and Polygon NFTs on Profiles
If deployed widely, users will be able to connect their cryptocurrency wallets to their Facebook profiles.
GM’s reportedly only making about 12 Hummer EVs a day
It started delivering the vehicles in December. | Image: General Motors Months after General Motors started delivering its first Hummer EVs, the company is reportedly only producing around 12 of the massive electric trucks a day, according to The Wall Street Journal. That’s an abysmally slow pace, even compared to how many electric trucks other … Read more
New York denies air permit to Bitcoin mining power plant
The logo of the cryptocurrency Bitcoin is seen on a symbolic “Bitcoin coin” | Photo by Silas Stein / Picture Alliance via Getty Images Bitcoin miners in New York state faced a regulatory blow today as the state denied air permits for a gas-fired power plant used to mine Bitcoin. It’s the latest step that … Read more
Crypto wants its own iPhone
Image Credits: TechCrunch Apple’s relative hostility to the desires of crypto developers hasn’t gone unnoticed and as the industry buckles down for a bear market, some of its proponents are pushing forward plans to rebuild the iPhone with their own industry’s best interests in heart. Hello and welcome back to the Chain Reaction podcast, where we unpack … Read more
NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 expansion continues
Nonfungible tokens will be found under a tab on creators’ Facebook timelines in a gradual rollout starting in the United States.
Former Monero maintainer Riccardo ‘Fluffypony’ Spagni to surrender for South Africa extradition
Court filings hint at authorities allowing Spagni to be in the United States for the Independence Day holiday weekend before being taken to South Africa early on Tuesday.
Nikola delays shareholder meeting to drum up support to issue more shares
Troubled electric truck maker Nikola adjourned its annual meeting to July 18, giving the company time to lobby shareholders to pass a money-raising measure to issue more shares of common stock. Nikola said the proposal is crucial to support the growth of the business. The company has been slowed in bringing its Tre semi truck … Read more
Instagram tests ditching video posts in favor of Reels
Instagram is testing a change that turns video posts into Reels, the company confirmed to TechCrunch. The company says the change, which is currently being tested with select users around the world, is part of Instagram’s plan to simplify video on the app. “We’re testing this feature as part of our efforts to simplify and … Read more
3 questions for the startup market as we enter Q3
Somehow June is over in just a few hours, meaning that we are trotting toward the third quarter’s starting line. Leaving aside the uncomfortably rapid pace at which time is flying past us, entering a new financial reporting period is an excellent moment to pause, reflect and work out the key questions for the upcoming … Read more
US lawmakers say crypto industry has a ‘tech bro’ problem hurting innovation
Venture capitalists tend to invest in companies with predominantly white male leadership, while women and people of color “remain in the waiting room,” according to Stephen Lynch.