South Africa Adds Crypto Businesses to List of Accountable Institutions
Crypto exchange and custody businesses are among entities that will have to identify and keep records for new and existing clients.
‘If you have too much, you can drown’ How tech PR’s job changed in 2022
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single person, think about their work and unpack the rest. This week, Natasha interviewed Vijay Chattha, a startup comms leader who has spent over … Read more
New Fare Partners is latest female-led VC to close first fund
Venture capital firms have a tight grasp on their dry powder for now, but amid the investment slowdown are a flurry of new funds being announced, many of them from female-led venture capital firms. The latest is New Fare Partners, co-founded by Elly Truesdell and Hallie Bonnar, who secured $20 million in capital commitments for … Read more
The Apple Watch Action Button’s sole purpose is to do your bidding
Buttons and smartwatches belong together. | Photo by Amelia Holowaty Krales / The Verge For me, the worst part about running in cold weather isn’t the freezing wind, black ice, or the fact that my face feels like it’s been stabbed with one thousand needles. It’s the 10 seconds spent shivering as my icicle fingers … Read more
FTM price rebounds 50% as Fantom reveals 30 years runway (without having to sell its token)
The Fantom Foundation’s attempt to dispel concerns about potential FTX exposure has been a success thus far for FTM price.
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San Francisco police can now use robots to kill
Last week, we talked about killer robots. That piece was inspired by a proposal that would allow San Francisco police to use robots for killing “when risk of loss of life to members of the public or officers is imminent and outweighs any other force option available to SFPD.” Last night, that proposal passed the … Read more
LedgerX to Make $175M Available for FTX Bankruptcy Proceedings: Bloomberg
FTX subsidiary LedgerX is preparing to put up $175 million toward its parent company’s bankruptcy proceedings, Bloomberg reported Wednesday, citing people familiar with the matter.
CommonGround raises $25M for immersive video avatar technology that doesn’t rely on VR gear
The trials and tribulations that a giant company like Meta (née Facebook) has been facing in overcoming skepticism, creating user interest (let alone revenue) and building quality experiences for its all-in metaverse vision highlights just how much work lies ahead for any company working in mixed reality. Today, a startup in that bigger ecosystem, which … Read more
DoorDash lays off 1,250 employees to rein in operating expenses
DoorDash is laying off 1,250 people in an effort to rein in costs, the company’s CEO Tony Xu said in a message to employees on Wednesday. Xu’s message notes that the pandemic presented unprecedented opportunities to serve merchants and consumers, and as a result, DoorDash sped up hiring to catch up with growth. Xu says … Read more
Netflix’s latest batch of mobile games includes Cats & Soup and a new Reigns
Image: Devolver Digital Netflix has once again quietly added some games to its mobile app — and there’s some cool stuff to dig into in this batch. Headlining the update is Reigns: Three Kingdoms, the latest entry in the card-swiping strategy series. This iteration is inspired by the 14th-century novel Romance of the Three Kingdoms, … Read more
Nintendo shuts down Smash World Tour ‘without any warning’
Smash World Tour organizers claim sabotage could be partially responsible for Nintendo’s decision to shut down the third-party tournament. | Image: Nintendo The Smash World Tour has announced that both the upcoming championship tournament and the 2023 Smash World Tour have been canceled after Nintendo demanded the event organizers cease operations “without any warning.” As … Read more
DoorDash announces layoffs affecting 1,250 workers
Illustration by Alex Castro / The Verge DoorDash is laying off around 1,250 workers. The update, posted by DoorDash CEO Tony Xu, explains that the company grew too quickly during the covid pandemic, leading to an increase in operating expenses that could soon “outgrow” the company’s revenue. “While we’ve always been disciplined in how we … Read more
Lago (YC S21) Is Hiring
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Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says
Despite writing down its $275 million investment in FTX, Temasek still apparently holds its investments in many other crypto-related businesses.
Festivals in the metaverse: How Web3 projects are taking culture virtual
As the metaverse becomes a place to hang out, more large-scale events will pop up to entice users into digital reality.
Transforming old cardboard boxes into insulation nets CleanFiber $10 million round
It’s the middle of the holiday season here in the U.S., that magical time between Thanksgiving and Christmas when stores are packed with bodies and porches are piled with packages. All those packages produce a lot of waste — anywhere from 33 million tons to 51 million tons annually, depending on the estimate. A majority … Read more
Honda to launch fuel cell vehicle in 2024
Honda will launch a fuel cell electric vehicle in 2024 based on its bestselling CR-V crossover. The automaker said it will produce the CR-V variant at its Performance Manufacturing Center (PMC) in Marysville, Ohio, as part of its strategy to go fully electric by 2040 and carbon neutral by 2050. Instead of a battery, fuel … Read more
Amazon Kindle Scribe review
The Kindle turned 15 this month. It’s been a strange ride for Amazon’s first hardware device. CEO Andy Jassy gave the e-reader a rare bit of love in last year’s shareholder letter, noting: Our first foray into devices was the Kindle, released in 2007. It was not the most sophisticated industrial design (it was creamy … Read more