Month: November 2022

Access All Areas review – brave family’s quest to change attitudes to disability

Charlotte Fantelli’s documentary about activist Simon Sansome and his wife is let down by clichés and embarrassing reconstruction scenes The intentions behind this documentary about disabled rights activist Simon Sansome and his wife, Kate, are noble, but the tacky, cliché-ridden execution doesn’t live up to them. Essentially, the film is built around one long interview …

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TechScape: Inside the $8bn FTX crypto scandal – and its real-world impact

Sam Bankman-Fried was what everyone wanted a crypto billionaire to be – until things began to go very, very wrong Don’t get TechScape delivered to your inbox? Sign up for the full article here Every week after I finish writing this newsletter, I think: “Next week I’ll try not to devote the whole email to …

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Crypto exchange FTX expects to have more than 1m creditors

Bankruptcy filing says ‘questions arose’ about founder Sam Bankman-Fried’s leadership The collapsed crypto exchange FTX expects to have more than 1 million individual creditors, the company has said in its first bankruptcy filing, scattered across more than 100 companies in the wider group. According to the filing at the bankruptcy court in the US state …

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China circles El Salvador’s economy as country edges toward crypto plunge

President Nayib Bukele bet on bitcoin and its tumbling value has put the Central American country in a financially precarious spot As crypto-Twitter cascaded with apocalyptic memes about the bankruptcy of cryptocurrency exchange FTX and the sharp drop in the bitcoin price, one account has remained notably silent on the topic. Unlike in previous crashes, …

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Sam Bankman-Fried was hailed as a crypto wonder child. What happened? | David Gerard

Bankman-Fried promoted himself as an eccentric genius. In reality, his image was a distraction from what was going on inside FTX Last Tuesday, FTX, the second-largest cryptocurrency exchange in the world, closed withdrawals, blaming “severe liquidity problems”. By Friday, FTX had filed for bankruptcy. After a stupendously profitable asset bubble in 2021, the cryptocurrency industry …

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You can’t out-shoot a teenager: how to play first-person shooters if you’re over 30

Reflexes start to decline in your 20s, but that doesn’t mean you can’t be competitive at first-person shooters any more. Keith Stuart shares some hard-won knowledge It is an unfortunate fact of life that human reflexes slow down as we get older. Medical studies suggest that reaction times peak at 24 and go downhill from …

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Failure of FTX crypto exchange will have huge implications, MPs hear

‘Hard to imagine sector bouncing back quickly from this ordeal,’ committee is told Most of the customers of failed crypto exchange FTX were institutions but the effects of its collapse are still likely to reverberate across the sector and may affect small retail investors, MPs have been told. “What we’re hearing … is that the …

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Canada charges electric vehicle battery researcher with espionage for China

Yuesheng Wang, a worker at Quebec’s power utility, is accused of sending trade secrets to China Canada’s federal police have charged an electric vehicle battery researcher at Quebec’s power utility with espionage, alleging the worker was covertly sending trade secrets to China. The arrest of Yuesheng Wang, 35, comes as Canada grapples with a barrage …

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Construction workers at Tesla’s Texas Gigafactory to sue for labor violations

Whistleblowers allege constant hazards, onsite accidents and wage theft while working on the manufacturing facility in Austin Construction workers who toiled on one of Tesla’s sprawling so-called Gigafactories will file a complaint and a case referral with the federal Department of Labor on Tuesday detailing exploitative work conditions they say they experienced while building the …

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Google will pay $392m to 40 states in largest ever US privacy settlement

Case is a historic win for consumers after an investigation found the tech company tracked users’ location even after they opted out Google has agreed to a $391.5m settlement with 40 states to resolve an investigation into how the company tracked users’ locations, state attorneys general announced on Monday. The states’ investigation was sparked by …

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