Facebook's Libra has failed, needs reworking: Swiss president

-
Facebook's Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent.

from Gadgets Now https://ift.tt/37hyJQF

Comments

Post a Comment

Popular posts from this blog

5 investors discuss what’s in store for venture debt following SVB’s collapse

-
There are many questions around the implications of Silicon Valley Bank’s (SVB) collapse that won’t be answered for a long time. But there’s one question that many startups and investors are hoping will get answered sooner rather than later: What happens to venture debt? SVB was one of the larger, if not the largest, providers of venture debt to U.S.-based startups. And now that First Republic Bank has also gone under, that question has spiraled, growing ever more complex. Many startups rely on venture debt: it’s both a cheaper alternative to raising equity and can serve as a capital tool that helps companies build in ways that equity isn’t great for. For some companies in capital-intensive areas like climate, fintech and defense, access to debt is often the only avenue to growth or scale. Thankfully, venture capitalists aren’t too worried about the SVB collapse’s impact on venture debt as a whole. We’re widening our lens, looking for more investors to participate in TechCrunch su...
Read more

An AI-generated ‘South Park’ episode, Microsoft’s security woes, and Tesla’s first Cybertruck build

-
Image
Hey, folks, welcome to Week in Review (WiR) , TechCrunch’s regular roundup of the past week in tech. Too busy to check the headlines this week? Don’t sweat it. That’s why WiR exists — we’ll get you caught up to speed. This edition of WiR features pieces about a fake AI-generated “South Park” episode; the surging downloads of Threads, an app that shares the same name as Meta’s Twitter competitor; and Tesla’s first Cybertruck build. We also recap the CEO of OnlyFans stepping down; Wix’s new tool that can create websites on the fly, using generative AI; and Plex’s free Winamp-inspired music player. That’s a lot to cover, so let’s get cracking. Oh, and if you haven’t already, sign up here  to get WiR in your inbox every Saturday. Most read Poor timing for AI-generated TV: AI startup Fable Studios demoed its platform this week, using it to create a full, fake “South Park” episode in which Cartman tries to apply deepfake technology to the media industry. The tech was impressive, Dev...
Read more

The only take about the future of media is that media is the future

-
Hello and welcome back to  Equity , TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we —  Natasha  and  Danny  and  Alex  and  Grace — had more than a little to noodle over, but not so much that we blocked out a second episode. We try to stick to our current format, but, may do more shows in the future. Have a thought about that? equitypod@techcrunch.com is your friend and we are listening. Now! We took a broad approach this week, so there is a little of something for everything down below. Enjoy! Hims is going to SPAC itself onto the public markets , which should prove interesting for other D2C startups eyeing the same move. The final quarter of 2020 and the full year brought an ocean of capital to bear on U.S. startups , something that we delighted in chewing on. Fintech is also hot as all heck . Plaid is building a fintech accelerator , which we thought was cool. Plaid launch...
Read more