Aussie stock exchange abandons blockchain plans, leaving $170M hole
The blockchain-backed upgrade in the works for nearly five years has potentially cost Australia’s primary exchange over $170 million.
Temasek Says Its FTX Investment Is Now Worth Zero
The Singaporean investment fund said it conducted 8 months of due diligence on FTX in 2021 before buying a 1% stake in the exchange.
Habits are not needs
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Summer International uses social media data to launch new beauty brands
If you follow #beautytok, #beautytube or any beauty content on social media platforms, you know that popular product trends are hard to keep up with. Summer International stays ahead of the game by identifying the most influential content creators, and working with them to incubate new brands. Founded in Singapore and based in Los Angeles … Read more
Singapore’s Temasek writes down $275M investment in FTX
FTX’s investors are continuing to deal with the fallout from the cryptocurrency’s bankruptcy. In a statement today, Temasek, the investment firm owned by Singapore’s government, said it write down its full investment in FTX, “irrespective of the outcome of FTX’s bankruptcy protection filing.” Temasek invested $210 million USD in FTX international, giving it a minority … Read more
Baseball Cards: 1912 Boston Garters
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BoomPop gains traction by designing high-end off-sites for our now remote-first world
There’s nothing sexy about corporate retreats. But BoomPop, a 26-person, San Francisco-based outfit that the startup studio Atomic launched in 2020, is managing to infuse some sizzle in the historically staid industry. In fact, given what BoomPop is building, one can see it evolve into an option for more than companies looking to more easily … Read more
Bahamian liquidators reject validity of FTX’s US bankruptcy filing
The provisional liquidator overseeing the FTX Digital Markets bankruptcy proceedings says FTX wasn’t authorized to file for bankruptcy in the U.S without his approval.
Only the iPhone 15 Pro will get a speed upgrade with USB-C, says analyst
A longstanding criticism of the pro phones is that it takes forever to get data off of them. | Photo by Amelia Holowaty Krales / The Verge The iPhone 15 Pro models are in line for a massive upgrade to their wired transfer speeds with the switch to USB-C, according to noted analyst Ming-Chi Kuo. … Read more
Qualcomm has a new chip brand
Qualcomm has announced a new subbrand of CPUs for its Snapdragon family of products, called Oryon. The new CPU will be released in 2023 and available to manufacturers to use in devices such as Windows PCs, smartphones, and other applications. The company announced the new CPU at its Snapdragon Summit on Wednesday, but provided few … Read more
First Mover Asia: Bitcoin Sinks Amid Crypto’s Latest Debacle
The widening fallout from FTX, now includes Genesis Global Capital’s decision to pause withdrawals. Could TradFi be swept up next in the crisis?
Toyota unveils all-electric SUV concept under its ‘Beyond Zero’ badge
Toyota unveiled Wednesday an all-electric SUV concept with plant-based seating and an AI “personal” assistant as the automaker expands its “beyond zero” portfolio. The bZ compact crossover concept that debuted at the Los Angeles Auto Show is meant to showcase Toyota’s vision for its battery-electric future. Toyota has said it plans to launch 30 fully … Read more
The new 2023 Toyota Prius plays up power, not fuel economy
Toyota is beefing up the fuel-sipping Prius hybrid, adding more power and quicker acceleration to appeal to a wider range of car shoppers in an increasingly crowded market. The car created – and dominated – the segment when it launched in the U.S. 22 years ago. But the world’s first production hybrid car has steadily … Read more
Sam Bankman-Fried says he regrets filing for bankruptcy: Report
The former CEO had a wide-ranging interview in which he made a number of startling remarks.
Korean VC Sopoong closes $8M fund for startups focused on environmental impact
Two years ago, South Korea unveiled a plan to reach carbon neutrality by 2050. Getting there will be another story. Although Korean manufacturers say they are trying to change their ways, the country’s GDP is linked to some uniquely pollutive industries, including petrochemical producers, automakers and shipbuilders. Though some businesses may never be truly sustainable, … Read more
Esports team TSM suspends $210M sponsorship deal with FTX
TSM confirmed that it remains “strong, profitable and stable” despite its decision to suspend the sponsorship with FTX.
Apple makes iCloud.com look like a iPad homescreen
It’s a very new look for Apple’s online portal to your documents, pictures, and more. Apple has updated iCloud.com to make the site look and feel significantly more modern, adding widget-like tiles that show you information from photos, notes, mail, and more (via MacRumors). It’s a big change from the previous version of the site, … Read more
Effective Altruism and Its Future
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My ADHD founder toolbox
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Steve Aoki dropped the beat at Amazon during layoffs
This is a photo of Aoki performing in Las Vegas, not at the Amazon event. | Photo by David Becker/Getty Images Amazon may have just confirmed that it would be laying off employees, but it seems to still have room for a Steve Aoki concert. On Wednesday evening, the superstar DJ performed a live concert … Read more
FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets
The new CEO of FTX gave a curt statement in response to the series of intermittent tweets by former CEO Sam Bankman-Fried.
FTX just imploded, and Jack Dorsey wants to talk about the next stage for crypto?
People need time to catch up before Jack Dorsey tries to launch the next generation of the internet.
Republicans Secure US House Majority, Will Shift Path for Crypto Bills
The U.S. Congress will officially be split between the two major parties after results from the Nov. 8 election put a 218th seat in the Republican column, giving that party a majority in the House of Representatives as the crypto industry awaits legislation that could define its future.
Protein programmers get a helping hand from Cradle’s generative AI
Proteins are the molecules that get work done in nature, and there’s a whole industry emerging around successfully modifying and manufacturing them for various uses. But doing so is time consuming and haphazard; Cradle aims to change that with an AI-powered tool that tells scientists what new structures and sequences will make a protein do … Read more
Cruise has expanded its driverless robotaxi service to daytime hours
Cruise is expanding its driverless ride-hailing service in San Francisco to daytime hours, Cruise CEO Kyle Vogt tweeted Wednesday. The robotaxi service is now available to employees from 5 a.m. to 4 p.m. and then again from 6 p.m. to 10 p.m. Eventually, these expanded operating hours will be available to the public. The bolstered … Read more
How did Cole factor 2^67−1 in 1903?
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