The Federal Deposit Insurance Corporation (FDIC) slapped the Sam Bankman-Fried-owned cryptocurrency exchange FTX with a cease-and-desist order over “false and misleading statements” that suggest its assets are FDIC-insured. The FDIC doesn’t cover stocks or crypto, and only safeguards funds held in insured bank accounts. In a letter to the exchange, the FDIC points to a… Continue reading FTX’s money isn’t insured, FDIC says
Author: The Verge Online News
DoorDash won’t deliver Walmart’s groceries starting next month
DoorDash is calling off its partnership with Walmart, which had the service delivering groceries and other goods from the retail chain to customers for over four years, according to a report from Insider. A source close to the situation told Insider that DoorDash notified Walmart about its decision earlier this month, citing that the partnership… Continue reading DoorDash won’t deliver Walmart’s groceries starting next month
EV startup Karma would like DeLorean to go back in time and not steal its trade secrets
The effort to electrify an iconic car has run into its first speed bump. Earlier this month, electric vehicle company Karma Automotive filed a lawsuit against DeLorean Motors Reimagined, the Texas-based company that holds the branding rights for the original DeLorean Motor Company (DMC), and four of its employees, alleging stolen intellectual property. More broadly,… Continue reading EV startup Karma would like DeLorean to go back in time and not steal its trade secrets
Acura’s Precision EV concept is inspired by… boats
Acura revealed a chonky new electric vehicle concept this week, apparently taking some inspiration from the shape of luxury Italian power boats. Teased earlier this month, the Acura Precision EV concept represents the company’s “north star” for the direction of its future EVs, focusing on a “modern expression of performance,” according to Acura creative director… Continue reading Acura’s Precision EV concept is inspired by… boats
Lucid unveils top-of-the-line performance EV that does zero to 60 in under two seconds
Luxury electric vehicle maker Lucid Motors unveiled the new Lucid Air Sapphire Edition, a top-of-the-line sedan, which the company says will do zero to 60mph in under two seconds, zero to 100mph in under four seconds, and the quarter-mile in under nine seconds. That’s tremendously impressive in a full-size, fully-electric luxury sedan and potentially makes… Continue reading Lucid unveils top-of-the-line performance EV that does zero to 60 in under two seconds
To fight climate change, we need to start biking like the Dutch
If people around the world were as enthusiastic cyclers as they are in the Netherlands, we could cut an impressive amount of planet-heating pollution. The Dutch use bicycles to get around more than folks in any other country, cycling about 2.6 kilometers (1.62 miles) a day. If that was the trend across the world, it… Continue reading To fight climate change, we need to start biking like the Dutch
Elon Musk says a lot of wild things — and somehow we have to believe him
Fifteen years or so ago, the sportswriter Bill Simmons coined the phrase “The Tyson Zone,” which refers to a rare situation in which you would believe absolutely anything someone told you about a person. (The stories about Mike Tyson are still horrifying and wild to read about.) It’s a high bar to clear because for… Continue reading Elon Musk says a lot of wild things — and somehow we have to believe him
Rivian customers ‘enraged’ after company cancels its most affordable electric truck
Rivian canceled the entry-level version of the R1T, effectively raising the price of its base model electric truck by over $6,000, according to an online forum for customers and later confirmed by the company. The company said in an email to customers that it was canceling the base “Explore” model, which started at $67,500, in… Continue reading Rivian customers ‘enraged’ after company cancels its most affordable electric truck
The James Webb Space Telescope runs JavaScript, apparently
It turns out that JavaScript, the programming language that web developers and users alike love to complain about, had a hand in delivering the stunning images that the James Webb Space Telescope has been beaming back to Earth. And no, I don’t mean that in some snarky way, like that the website NASA hosts them… Continue reading The James Webb Space Telescope runs JavaScript, apparently
The Big Ten’s new deal makes sports streaming rights more confusing than ever
The Big Ten Conference announced a new slate of sports TV and streaming deals on Thursday, which will reportedly bring the conference more than $8 billion over the next seven years. It’s the richest rights deal in the history of college sports, with most of the money coming from Fox, CBS, and NBC — and… Continue reading The Big Ten’s new deal makes sports streaming rights more confusing than ever