FTC sues bankrupt crypto company Voyager’s CEO over false FDIC insurance claims
After settling on Thursday with the Federal Trade Commission (FTC), bankrupt crypto company Voyager is permanently banned from handling consumers’ assets. But the government agency also announced on Thursday that it’s suing Voyager’s former CEO, Stephen Ehrlich, for falsely claiming that users’ accounts were FDIC insured. When a bank or
Read moreFTX trial stirs up more chaos as ex Alameda CEO Caroline Ellison testifies on faulty balance sheets, bribes and more
Welcome back to Chain Reaction. To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here. It’s week two of the Sam Bankman-Fried trial and I’m writing this live from outside the Southern District of New York
Read moreCruise opens robotaxi service in Houston
GM’s self-driving car subsidiary Cruise has opened its robotaxi service to users in Houston — an expansion that comes amid increasing criticism of the company’s operations in San Francisco, it’s first launch city. Cruise said it will operate seven days a week from 9 p.m. to 6 a.m. in limited
Read moreThreads is rolling out an edit button, and it’s not locked behind a paywall
Meta CEO Mark Zuckerberg announced today that Threads, Instagram’s Twitter-like app, is rolling out an edit button. With this new feature, users will be able to edit a post for up to five minutes after it has been posted to the platform. Previously, you have had to delete a post
Read moreVR is changing customer care for Hydro One
Hydro One, an Ontario electricity transmission and distribution provider, has partnered with VR Vision, a virtual reality technology company, to transform the training experience for its customer care and field service teams. The collaboration integrates 360° VR video into training for approximately 530 employees from now until the end of
Read moreAfter delays, X updates Community Notes fact-checks to improve speed and distribution
After X’s crowdsourced fact-checking system faced multi-day delays to correct misinformation on the platform, the company formerly known as Twitter has announced a series of improvements focused on speeding up the pace as well as other changes designed to alert users when notes were added to posts they liked, replied
Read moreCreators raising venture capital: unsettling or genius?
When Slow Ventures announced that it would set aside $20 million to invest in individual creators, GP Sam Lessin responded to onlookers’ confusion with a memorable quip: “it’s def not indentured servitude.” Though Lessin’s remarks weren’t very reassuring, these sorts of venture deals – investments in people, as opposed to
Read morePure Storage intros new DRaaS, pledges to cover power, rack space costs
Pure Storage has released what it described as “new data resilience offerings” that include Pure Protect//DRaaS, which it said is targeted at VMware sites and is designed to reduce complexity, cost, recovery time, and business disruption in the wake of disasters and cyber disruptions. Also launched were scalable storage services
Read moreGoogle’s AI-powered search experience can now generate images, write drafts
Google’s AI-powered search feature, SGE (Search Generative Experience), is gaining some new skills, starting today. The AI feature, which introduces a conversational mode in Search, is now going to be able to generate images using prompts directly in SGE similar to rival Bing’s support of OpenAI’s DALLE-E 3. In addition,
Read moreMedium expects to be profitable in 2024 as it climbs towards 1M subscribers
Media is a tough game, and wringing value out of words on the Internet is a never-ending battle. We spoke with Medium's CEO Tony Stubblebine about how Medium got itself back on the right path.
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