Jesse Powell is stepping down from the CEO role at U.S.-based crypto exchange Kraken, The Wall Street Journal reported last month. Co-founded by Powell and Thanh Luu in 2011, Kraken is now the fourth-largest crypto exchange by volume, according to CoinMarketCap. It’s a critical inflection point for the company, which was valued at $10 billion…
Neobanks are wagers that modern, digitally native services can supplant the traditional banking landscape. Founders flocked to the idea, investors wrote myriad checks, and despite how far along we are in the neobanking boom, startups are still being formed today to attack the problem space. Lately, we’ve seen neobanks focused on targeted niches, often segmented…
NASA says its first mission to intentionally crash a spacecraft into an asteroid succeeded in dramatically altering its path, proving the agency is capable of thwarting a potential hazardous space rock in the future, should one be on a collision course with Earth. The crash into the asteroid, Dimorphos, happened on Sept. 26, 2022, but…
Elon Musk clearly fashions himself a comedian of some sort. He’s likely the richest person in the world to suffer from the Poster’s Disease, where he simply cannot stop posting on social media. Cheesy memes, bad jokes, weird stuff, problematic posts, he does it all. So it’s no surprise that his apparent favorite comedian is…
At Meta Connect 2022, the company’s annual developer conference for virtual reality, the main event was all about the new Quest Pro VR headset. At the end of the keynote, however, Meta‘s research and development team did tease some far-future tech we last saw over a year ago. Michael Abrash, chief scientist of Reality Labs,…
Hong Kong-based single-board computer maker Pine64 is reportedly about to take on Raspberry Pi with its upcoming Ox64, according to CNX Software. The Ox64 will be built on RISC-V architecture to directly challenge the Raspberry Pi Pico W. While Pine64 has not yet made an official announcement, a wiki post does give us a fairly…
REUTERS/Brendan McDermid Markets are showing signs that stocks are nearing a bottom, Oppenheimer’s Ari Wald said. Wald pointed to resilience in small cap stocks amid a sell-off in the S&P 500. The technical signal is the opposite of what would flash at a market top and means a new rally could be near. The market…
This image from NASA’s Hubble Space Telescope shows the debris blasted from the surface of Dimorphos on October 8, 2022, 285 hours after DART impacted it. NASA/ESA/STScI/Hubble NASA confirmed Tuesday that its Double Asteroid Redirection Test (DART) moved an asteroid. The DART spacecraft slammed into a space rock and changed its orbit around a larger…
Melinda French Gates speaks onstage at a February 2019 event. Bryan Bedder/Getty Images for THR Melinda French Gates says her foundation with ex-husband Bill Gates, will cease to exist 20 years after their deaths. The comments differ from those made recently by Bill Gates. French Gates said he spoke “before we made a decision.” Bill…
Britain’s Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng. STEFAN ROUSSEAU/POOL/AFP via Getty Images A UK pensions trade group on Tuesday called on the Bank of England to continue its emergency bond-buying operations to manage volatility in the debt market. The Pensions and Lifetime Savings Association urged the BoE to keep bond-buying…