Month: January 2023
US arrests Russian crypto exchange owner for allegedly laundering over $700 million
The US Treasury Department has identified Bitzlato as a “primary money laundering concern” in connection with the Russian government. | Photo by Amelia Holowaty Krales / The Verge US authorities announced on Wednesday that the Russian co-founder of Hong Kong-based crypto exchange Bitzlato had been arrested in Miami for allegedly processing $700 million in illicit … Read more
Bitcoin faces $15K crash as US sparks ‘financial meltdown’ — Arthur Hayes
Bitcoin will be just one of the risk assets which “crater” as the Federal Reserve is forced to abandon quantitative tightening in future, the ex-BitMEX CEO warns.
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Twitter’s data leak response is a lesson in how not to do cybersecurity
Twitter finally broke its silence over the first security incident of the Musk era: an alleged data breach that exposed the contact information of millions of users. In late December, a poster on a popular cybercrime forum claimed to have scraped the email addresses and phone numbers of 400 million Twitter users by way of … Read more
Former Gagosian Head of Digital Builds Generative Art Gallery Tonic.xyz
The gallery, which will help artists mint their works on-chain, will also seek to onboard the fine art world to the Web3 space through merging the physical and digital worlds.
Crypto Exchange Luno’s Co-Founder Departed in December
Stranex departed Luno in December nearly 10 years after founding the exchange, which is owned by CoinDesk parent company Digital Currency Group.
Get a $35 gift card when you buy a Nintendo Switch from Dell
You can currently get a $35 Dell Gift Card when you buy a Nintendo Switch from Dell | Photo by James Bareham / The Verge Discounts on the Nintendo Switch are pretty rare, but today, picking up the standard, non-OLED model from Dell at full price will get you a free $35 gift card. Nintendo’s … Read more
Fintech in 2022: a story of falling funding, fewer unicorns and insurtech M&A
If you thought the fourth quarter of 2022 felt slow when it came to investment activity in the fintech space, that’s because it was. In fact, the three-month period marked the lowest quarter for U.S. fintech funding since 2018, according to CB Insights’ State of Fintech 2022 report. But overall, while total fintech funding globally … Read more
Meta dodged a €4BN privacy fine over unlawful ads, argues GDPR complainant
A €390M privacy fine for Meta announced earlier this month in the European Union — for running behavioral ads on Facebook and Instagram in the region without a valid legal basis — was several billion dollars smaller than it should have been, and orders of magnitude too tiny to be a deterrent for others going … Read more
Taco Bell, KFC owner says data stolen during ransomware attack
Yum Brands, the parent company of fast food chains KFC, Pizza Hut and Taco Bell, has confirmed that company data was stolen in a ransomware attack. TechCrunch first learned of an apparent incident affecting Yum Brands earlier this week, which the Kentucky-based company confirmed in a statement on Thursday. Yum Brands said a ransomware attack impacted … Read more
Private investment in space dropped 58% last year, even with SpaceX, Anduril monster raises
Private investment in the space economy dropped by 58% in 2022 compared to the year prior, with macroeconomic headwinds battering private and public markets, according to a new analysis from New York-based Space Capital. But while 2023 is shaping up to be another hard year for startups, Space Capital’s report maintains that the external pressures … Read more
Trunk extends its developer toolkit with CI analytics
Trunk, a startup that aims to build a toolkit that helps developers build and ship their code faster, today announced the launch of its latest product: CI Analytics. The new service helps developers understand how their CI Workflows (currently with a focus on GitHub Actions) perform in the real world — and if there are … Read more
6 ways the stablecoin space can improve stability in volatile periods
Tightening reserves and offering real-time pricing data to the market are among the ways the stablecoin space could better weather volatility.
I wish Amazon had been honest about why it’s sunsetting AmazonSmile
Illustration by Alex Castro / The Verge Whenever I come across a sales campaign that boasts, “if you buy our product, we’re going to give part of our profit to this deserving charity,” I’m often tempted to call a doctor and consult them about all the grains of (to me) forbidden salt I’ve just eaten. … Read more
Lisa Source Code Release
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Netflix’s Jung_E adds heart to a story about AI brains
Kim Hyun-joo in Jung_E. | Image: Netflix With 2016’s Train to Busan, director Yeon Sang-ho managed to do something surprising: offer a fresh take on a zombie story, one of the most well-trod genres around. Now, he’s tackling yet another oversaturated space with Jung_E, a sci-fi tale about how humanity will adapt to living alongside … Read more
Ava Labs and Amazon’s partnership could “expand the pie” for blockchain
The collaboration will allow both individuals and institutions to launch subnets that can operate as self-sufficient blockchain systems.
Crypto Trading Giant QCP Capital Expects Fed to Be Irate as Financial Conditions Ease
The recent risk revival in traditional markets and cryptocurrencies may not sustain as the U.S. central bank is still fighting inflation, the Singapore-based crypto options trading firm said.
What are hierarchical deterministic (HD) crypto wallets?
A hierarchical deterministic wallet uses a single seed to create an infinite number of addresses, allowing users to recover funds using a master key.
UK Trade Groups See Opportunity in Document Bill Under Debate in Parliament
The bill which is being debated in Parliament could see blockchain technology being used as a way to store documents.
Zitti soaks up some funding sauce so restaurants can manage their food supply chain
Getting a handle on food costs at an independent restaurant is a constant challenge for owners, and there is a long list of startups, like MarginEdge, OneOrder, TouchBistro, PreciTaste, ConverseNow, Fudo, Owner.com, that have stepped with their solutions. Zitti’s app shows food pricing insights. Image Credits: Zitti Zitti’s co-founder Dante DiCicco is coming at this … Read more
Scenario lands $6M for its AI platform that generates game art assets
Depending on who you ask, generative AI is either massively overhyped or undervalued. Defined as algorithm-driven tech that creates text, art and other forms of media given a prompt, it’s captured the attention of major VC backers who’ve piled hundreds of millions of dollars into firms like Jasper and Stability AI. But generative AI has … Read more
Link raises $30M to help merchants accept direct bank payments
People are addicted to credit cards — and it’s no wonder, given the lucrative rewards that many of them offer. But for merchants, credit cards tend to be less appealing. That’s because they’re on the hook for interchange fees, or transaction fees a merchant’s bank must pay whenever a customer uses a card to make … Read more
The =nil; Foundation Raises $22M to Build Marketplace for Zero Knowledge Proofs
The funding round led by Polychain Capital aims to make zero knowledge projects more decentralized, and easier to build.
Instagram’s new ‘Quiet Mode’ helps you take a break from the app
Instagram announced today it’s expanding its selection of time management tools with the launch of a new feature called “Quiet Mode.” The feature aims to reduce users’ anxiety about taking time off from the app by silencing incoming notifications, auto-replying to DMs, and setting your status to ‘In Quiet Mode’ to inform friends that you’re … Read more