One night in May, Mikol Ayala stood in an empty parking lot in Florida with his arms out to his side and legs akimbo as two people covered him in isopropyl alcohol. “Get ready to put me out,” Ayala told them. Then the fireworks began. The scene, illuminated by a …
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On Friday, when a CrowdStrike update caused millions of Microsoft systems to crash around the world, many businesses were faced with a choice: Go cash-only or close until systems came back online. This quickly caused chaos in Australia, whose government has explicitly encouraged businesses to go cashless. Pictures posted on …
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One task where AI tools have proven to be particularly superhuman is analyzing vast troves of data to find patterns that humans can't see, or automating and accelerating the discovery of those we can. That makes Bitcoin's blockchain, a public record of nearly a billion transactions between pseudonymous addresses, the …
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Nancy Chockley’s $12 million home sits next to a ski slope in Vail, Colorado. It has a chef’s kitchen with sleek appliances, a family room with a modern fireplace, a balcony with mountain views, and four bedrooms that sleep up to 12 guests. But when Chockley packs up to return …
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Ryan has been self-employed for 15 years. He works long hours on two small manufacturing businesses. But he finds time to daydream about getting in early on a cryptocurrency that goes to the moon. In 2021, the price of Dogecoin, a crypto token started as a joke, increased 70-fold in …
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On March 12, Russian-Swedish national Roman Sterlingov was found guilty of money laundering conspiracy and other violations by a federal jury in Washington, DC, for having operated Bitcoin Fog, a service criminals used to launder what authorities claim was hundreds of millions of dollars in ill-gotten gains. The conviction was …
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Sam Bankman-Fried’s cryptocurrency exchange FTX may have lost at least $8 billion in customer money, but he “didn’t intend to defraud anyone,” his defense team said Wednesday during the opening arguments of his highly anticipated trial. Though legal experts had long speculated that Bankman-Fried, or SBF for short, would take …
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For a second year running, Revolut, the jewel in the UK’s fintech crown, will fail to file its annual accounts on time. It’s not a good look. Since it launched in 2015, Revolut has grown quickly to 6,000 staff and 25 million customers. In pursuit of a “one app, all …
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If you relied on the Mint app for budgeting, it’s time to start looking for another option. Intuit plans to shut down the free money-management app at the end of this year. Surprises are usually pretty delightful. Presents! Parties! It’s never enjoyable to receive a surprise message that the budgeting …
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