Tag: Startup

Hidden loans from former FTX mogul Sam Bankman-Fried shake the crypto-focused outlet Crypto news publication The Block announced today that its CEO, Michael McCaffrey, has resigned after failing to disclose a series of loans from former FTX CEO Sam Bankman-Fried’s company Alameda Research. Axios first reported the news. The capital was used in part to…

Welcome back to Chain Reaction. It’s still a pretty busy time in the wild, wild world of crypto. But it felt somewhat more tame than the whirlwind the industry has experienced in the past few weeks, and for that, I thank the crypto gods (for now.) If you’re keeping up with the news cycle, then…

You know what I miss about working in an office? Literally nothing, apart from having access to a fancy coffee machine. It turns out that the magic of the liquid black gold is within reach even for work-from-home keyboard warriors. You don’t even need to spend ridiculous amounts of money for a tasty hot beverage…

We’ve heard an awful lot over the past couple of weeks about the executives who are leaving Salesforce, but not a heck of a lot about the woman who is taking over for Stewart Butterfield as CEO at Slack when he takes off to spend some time gardening. It’s time we changed that. Her name…

After FTX collapsed, a number of crypto entities once tied to the bankrupt crypto exchange are trying to pick up the pieces and move forward. As for Solana — a prominent layer-1 blockchain that was backed by FTX and its outspoken founder, Sam Bankman-Fried — its co-founders see this downturn as an opportunity for its…

As electric vehicles begin to take some market share, the nation’s charging infrastructure is playing catch-up. Some folks already have an edge in this race, including some California residents and Tesla fans, but many EV owners in America still face charging deserts and unreliable stations — two key obstacles to decarbonizing transportation and doing right…

The former COO of disgraced blood testing startup Theranos, Ramesh “Sunny” Balwani was sentenced to 155 months, or about 13 years, in prison, and three years of probation. After a three-month trial, Balwani was found guilty on all 12 criminal charges, ranging from defrauding patients and investors to conspiring to commit fraud. Theranos CEO Elizabeth…

In 2018, appliance conglomerate Bosch created a startup, Security and Safety Things (or “SAST” for short), whose stated mission was to develop a platform to help developers create software for AI-equipped cameras. SAST was to host a moderated, vetted “app store” for internet-connected cameras that would allow developers to build software on an open standard…

Fintech was hot in 2021, but looking back on it … maybe too hot? The sector exploded last year, seeing record investment — $132 billion globally, according to CB Insights — with many startups reaching lofty valuations, including Stripe at $95 billion, Klarna at $45 billion and Plaid at $13 billion. While these companies have…

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