Technology

Bitcoin Family moving more than $1 million into DEXs after FTX collapse

Bitcoin Family moving more than $1 million into DEXs after FTX collapse

The Taihuttu family in November, days after moving back to Phuket.Didi TaihuttuConfidence is quickly eroding in the crypto sector, as it faces a wave of bankruptcies and investigations into Sam Bankman-Fried and his failed exchange, FTX, for losing and misspending billions of dollars in user deposits.But Didi Taihuttu; his wife, Romaine; three daughters, and Teddy, a Pomeranian puppy they adopted in Portugal last year, are as confident as ever in their bet on bitcoin — they're just changing how they store it.related investing newsWhy Cathie Wood thinks bitcoin will still hit $1 million by 2030 and benefit from the FTX collapseEver…
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Bret Taylor steps down as Salesforce co-CEO, Marc Benioff stays as CEO

Bret Taylor steps down as Salesforce co-CEO, Marc Benioff stays as CEO

Marc Benioff, co-chief executive officer of Salesforce.com Inc., left, and Bret Taylor, co-chief executive officer of Salesforce.com Inc., during a keynote at the 2022 Dreamforce conference in San Francisco, California, on Tuesday, Sept. 20, 2022.Marlena Sloss | Bloomberg | Getty ImagesSalesforce said Wednesday that Bret Taylor will step down as co-CEO on Jan. 31, leaving Marc Benioff alone again at the top of the cloud software company he co-founded in 1999.Benioff closely embraced Taylor, who joined the company through the 2016 sale of his productivity software startup Quip. Taylor played a key role in Salesforce's $27.1 billion acquisition of Slack, the…
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Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession

Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession

Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014.Lucy Nicholson | ReutersElon Musk thinks a recession is coming and worries the Federal Reserve's attempts to bring down inflation could make it worse.In a tweet early Wednesday, the Tesla CEO and Twitter owner called on the Fed "to cut interest rates immediately" or risk "amplifying the probability of a severe recession."The remarks came in an exchange with Tesmanian co-founder Vincent Yu in which several others participated.Later in the thread, NorthmanTrader founder Sven Henrich observes that the Fed "stayed too…
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Tesla’s dominance of EVs is eroding as cheaper cars hit the market

Tesla’s dominance of EVs is eroding as cheaper cars hit the market

A Tesla Model 3 vehicle is on display at the Tesla auto store on September 22, 2022 in Santa Monica, California. Tesla is recalling over 1 million vehicles in the U.S. because the windows can pinch a person's fingers while being rolled up.Allison Dinner | Getty ImagesTesla is still the top-selling electric vehicle brand in the U.S., but its dominance is eroding as rivals offer a growing number of more affordable models, according to a report Tuesday by S&P Global Mobility.The data firm found that Tesla's market share of new registered electric vehicles in the U.S. stood at 65% through…
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Elon Musk may be luring Apple into a fight with Republicans

Elon Musk may be luring Apple into a fight with Republicans

Tim Cook walks in the Paddock prior to the F1 Grand Prix of USA at Circuit of The Americas on October 23, 2022 in Austin, Texas.Jared C. Tilton | Getty ImagesOver the past week, Twitter owner Elon Musk has been poking Apple, the big bear of Silicon Valley, which controls app distribution to every iPhone.Musk has been taking aim at the iPhone maker over a number of topics, including its reduced spending on Twitter advertising and its 30% cut of all digital sales made through apps. He also accused Apple of threatening to pull the Twitter app from the App…
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Amazon used AWS in satellite experiment

Amazon used AWS in satellite experiment

An image captured by the ION Elysian Eleonara satellite in January 2022.D-OrbitAmazon's cloud computing division successfully ran a software suite on a satellite in orbit, in a "first-of-its-kind" experiment, the company announced Tuesday.AWS, or Amazon Web Services, conducted the prototype satellite software demonstration through partnerships with Italian company D-Orbit and Swedish venture Unibap. The experiment was conducted over the past 10 months in low Earth orbit, using a D-Orbit satellite as the test platform.The success of the AWS demo has implications across the space industry, as spacecraft – meaning anything from space stations to satellites – face a bottleneck in…
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Kids Online Safety Act may harm minors, civil society groups warn

Kids Online Safety Act may harm minors, civil society groups warn

Dozens of civil society groups urged lawmakers in a letter Monday against passing a bill that aims to protect children from online harm, warning the bill itself could actually pose further danger to kids and teens.The American Civil Liberties Union, Center for Democracy & Technology, Electronic Frontier Foundation, Fight for the Future, GLAAD and Wikimedia Foundation were among the more than 90 groups that wrote to Senate Majority Leader Chuck Schumer, D-N.Y., Senate Commerce Committee Chair Maria Cantwell, D-Wash., and Ranking Member Roger Wicker, R-Miss., opposing the Kids Online Safety Act.The bipartisan bill, led by Sens. Richard Blumenthal, D-Conn., and…
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Elon Musk claims Apple has threatened to remove the Twitter app

Elon Musk claims Apple has threatened to remove the Twitter app

Twitter owner Elon Musk claimed on Monday in a series of tweets that Apple had threatened to remove the Twitter app from the App Store as part of its app review moderation process."Apple has also threatened to withhold Twitter from its App Store, but won't tell us why," Musk tweeted.In other tweets fired off on Monday morning, he called Apple's App Store fees a "secret 30% tax," and ran a poll asking if "Apple should publish all censorship actions it has taken that affect its customers." He also claimed that Apple has pulled most of its advertising from Twitter.Apple's App…
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Tech execs rejoice as San Francisco opens female-only club

Tech execs rejoice as San Francisco opens female-only club

Executive women platform Chief opened a new clubhouse in San Francisco this week.ChiefIn a bustling building in New York's Flatiron district, two executive women who work at separate companies discuss marketing strategies for their respective businesses. Next to them, three retired women in their sixties share a champagne toast. Across the room, several other women, sitting at single wooden tables, have their heads down at their laptops. Whitney Houston’s "I’m Every Woman" plays in the background.“I’m in the middle of a career transition,” says one woman to another she just met at the nearby bar. She says she works for…
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Nintendo sets sales record with Pokémon Scarlet and Pokémon Violet

Nintendo sets sales record with Pokémon Scarlet and Pokémon Violet

Nintendo said its Pokémon Scarlet and Pokémon Violet games for the Nintendo Switch hit an all-times sales record for the company. Pokémon is one of Nintendo's longest-running and most popular franchises.Guillaume Payen | Sopa Images | Lightrocket | Getty ImagesNintendo on Thursday said it latest Pokémon games have set a sales record at the Japanese gaming giant as it continues to pump out blockbusters ahead of the crucial holiday season.The Kyoto, Japan-headquartered company said sales of the Pokémon Scarlet and Pokémon Violet games for the Nintendo Switch surpassed 10 million units in the first three days since their global launch…
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