FTX reportedly used $10 billion of customer funds to prop up its owner’s trading firm

Basically rule number one of what not to do with your customers’ money. | Illustration: The Verge Sam Bankman-Fried’s trading firm Alameda Research reportedly owes his crypto exchange FTX $10 billion after taking loans funded by deposits from FTX customers, according to The Wall Street Journal. As economist Frances Coppola pointed out to the Journal,…

A realistic roundup of what today’s Matter launch means for your smart home

Enlarge / Companies like Nanoleaf have products coming soon with Matter support, but your ability to actually integrate them into any system, using any phone, is still a hazy promise. It’s not too often that there’s an international launch event for an interoperability standard with a nearly 900-page spec manual. But there are big hopes pinned…

IBM’s biggest quantum chip yet could help solve the trickiest math problems

The new flex wiring in IBM’s quantum cryostat. Connie Zhou / IBM Quantum computers, though delicate and finicky in their present forms, promise to excel at a specific set of tasks. For one, they should be able to solve certain types of math problems involving linear algebra faster and more accurately than classical computers, due…

Galaxy, Gradient and Lux VCs will judge the TC Sessions: Crypto pitch-off

One of the most popular activities at a TechCrunch conference is watching top-notch early-stage founders square off in a pitch competition. Seriously, who doesn’t love a pitch-off? And the Crypto Pitch-off is just one more compelling reason to go to TechCrunch Sessions: Crypto on November 17 in Miami. Let’s take a look at the judges…

Even Healthcare lands additional capital to advance primary care adoption in India

Even Healthcare, an Indian “healthcare membership” company, landed new financial support in the form of $15 million to further drive its mission of providing affordable care to communities across India. Even isn’t insurance, but allows members to access primary and preventative care at any of over 100 partnered hospitals. Typically, the way Indians access healthcare…

Apple’s mixed-reality headset could arrive next March for $2,000

As Meta faces a financial reckoning over its investment into its metaverse-moonshot, Apple is gearing up to release a competitor to the Quest 2 and Quest Pro virtual reality headsets. DigiTimes Asia and MacRumors report that Apple’s offering will be an “extended reality” headset that combines virtual, augmented, and mixed reality. It is likely set…