On June 20, Microsoft-owned Mojang announced that NFTs and blockchain technology would no longer be allowed to “integrate” with Minecraft. That was bad news for NFT Worlds, which has spent months building an entire crypto-economy on top of a collection of the randomized seeds needed to make specific Minecraft maps. Now, the team behind NFT… Continue reading No NFTs in Minecraft? This Crypto Group Will Make Its Own Game
Category: Tech News
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TikTok owner ByteDance reportedly pushed pro-China messages in defunct news app
ByteDance, TikTok’s parent company based in China, used its now-defunct news app called TopBuzz to spread pro-China messages, according to BuzzFeed News. Former employees who worked at the English-language news aggregator told the publication that ByteDance ordered staff members to “pin” content that showed China in a positive light or content that promoted the country… Continue reading TikTok owner ByteDance reportedly pushed pro-China messages in defunct news app
Climate change has Seville so hot it’s started naming heat waves like hurricanes
The city of Seville is trying something new to raise awareness of climate change and save lives. With oppressive heat waves becoming a fact of life in Europe and other parts of the world, the Spanish metropolis has begun naming them. The first one, Zoe, arrived this week, bringing with it expected daytime highs above… Continue reading Climate change has Seville so hot it’s started naming heat waves like hurricanes
Formula 1 says it’s on schedule to switch to fully sustainable fuel in 2026
Formula 1 is trying to clean up its act and ensure its operations have a net-zero carbon footprint by 2030. An important part of the plan is to use 100 percent sustainable fuel in race cars, and the organization says it’s still on schedule to achieve that by 2026. It’s currently developing a “drop-in” fully… Continue reading Formula 1 says it’s on schedule to switch to fully sustainable fuel in 2026
USPS will start selling James Webb Space Telescope stamps on August 8th
Want to show your fondness for the James Webb Space Telescope in physical form? The US Postal Service might have what you’re looking for. The mail agency is launching a JWST stamp that will be available to pre-order starting August 28th in sheets of 20. It’s ultimately a digital depiction of the telescope against a… Continue reading USPS will start selling James Webb Space Telescope stamps on August 8th
Volkswagen begins ID.4 electric vehicle production in the US
Volkswagen has begun producing its all-electric ID.4 crossover SUV in the United States. The automaker announced on Tuesday that it plans to scale production of the ID.4 at its Chattanooga, Tennessee factory to 7,000 vehicles per month by the end of 2022 before further increasing output throughout 2023. According to Volkswagen, customers can expect deliveries… Continue reading Volkswagen begins ID.4 electric vehicle production in the US
Despite Zomato debacle, analysts bat for IPO-hopefuls with reasonable valuations, strong financialsSeveral startups including Boat, OYO, Snapdeal and …
While investors have been spooked by the steep fall in food delivery startup Zomato’s stock amid rough market conditions, analysts are suggesting that companies with strong financials and reasonable valuations should sail well. Zomato debuted at a 53% premium on Indian bourses last year, but its shares have lost about 72% of their value from… Continue reading Despite Zomato debacle, analysts bat for IPO-hopefuls with reasonable valuations, strong financialsSeveral startups including Boat, OYO, Snapdeal and …
Singapore’s GIC flags market risks; inflation here to stay
Singapore sovereign wealth fund GIC, one of the world’s biggest investors, is bracing for muted investment returns and expects little respite from runaway inflation that has forced central banks around the world to tighten policy. “Inflation itself is already a problem because we want to generate a return higher than inflation,” Lim Chow Kiat, GIC‘s chief executive,… Continue reading Singapore’s GIC flags market risks; inflation here to stay
Downturn in tech, crypto funding is probably a good thing, says Singapore GIC top exec
The global slowdown in startup funding will allow investors to find more promising companies with stronger business models, according to top executives at Singaporean sovereign wealth fund GIC, in contrast to the easy money era where many industries were crowded with too many young companies chasing growth and prioritizing market share over profitability. “What the… Continue reading Downturn in tech, crypto funding is probably a good thing, says Singapore GIC top exec
Cruise hopes ramping its robotaxi service will U-turn its cash burn
Cruise, the General Motors subsidiary dedicated to commercializing autonomous vehicles, saw a jump in expenses during the second quarter as the company launched its first commercial robotaxi service in San Francisco. Cruise’s expenses hit around $550 million compared to $332 million during the same quarter of last year. Operating losses in the second quarter topped… Continue reading Cruise hopes ramping its robotaxi service will U-turn its cash burn