The US Securities and Exchange Commission has formally instructed Telegram Group, the parent company of the Telegram encrypted messaging service, to halt sales of its cryptocurrency Gram. The SEC says the company, and its crypto-focused subsidiary TON Issuer Inc., failed to register an early sale of $1.7 billion of its crypto tokens prior to the October 31st launch of its blockchain network. Because the SEC treats cryptocurrency as securities, the agency says Telegram is in violation of the Securities Act.
The rise of self-driving technology and shared ownership of electric vehicles will radically change the design of cars in the coming years, a leading carmaker has said.
National Savings Day is here, so what better time to start thinking about putting cash to one side. While we all understand the importance of saving money, it can be difficult to put it into practice. We've rounded up the best money-saving apps of 2019 to help you track your spending and make your cash go further.
When Libra launched on June 18th, it seemed like an alarming new front in Facebook’s megalomaniacal expansion. Having captured billions of users and tens of billions of dollars in annual profits, the company would now be taking over currency itself. The company’s head of blockchain, David Marcus, laid out his plan for Libra in a detailed white paper, with some of the financial world’s most powerful companies already signed on to help govern the new currency as part of the Libra Association. It was Facebook’s vision for an international currency, and based on the company’s partners, it seemed unstoppable.
Andy Rubin used to be primarily known as the “father of Android,” but he’s also becoming known for leaving companies amid scandal — in this case Playground Global, the tech incubator he founded after leaving Google in 2014. Rubin confirmed to The Verge today that he’s no longer with the incubator, following a BuzzFeed report that he was “quietly shown the door.”
Over the summer, Facebook unveiled its Libra cryptocurrency and the Calibra subsidiary that would help manage it. Facebook also unveiled a logo for Calibra and, well, it looks somewhat similar to the logo of Current, a startup bank. Apparently, Current agreed, so much so that it has filed a lawsuit against Facebook, alleging trademark infringement.
Apple’s AirPower wireless charger was one of the company’s most high-profile failures ever, but in the wake of its cancellation, plenty of companies have been trying to swoop in to fill the gap that Apple left. The latest is Nomad, whose new Base Station Pro wireless charger promises to offer the kind of versatile charger that Apple couldn’t.
Mastercard, eBay, and Stripe have all withdrawn from the Libra Association, dealing a major blow to Facebook’s plans for a distributed, global cryptocurrency. The withdrawals were first reported by the Financial Times and Bloomberg.