TopTechTrends

‘Marked to zero’: Paradigm testimony at SBF trial points to investor fraud

October 6, 2023
The testimony of Matt Huang, co-founder and managing partner of crypto investment firm Paradigm, at Sam Bankman-Fried’s trial may help the prosecution convince jurors that the former crypto mogul defrauded investors. Huang testified Thursday that he and his firm were in the dark about a range of business practices at FTX, red flags that would […]

All eyes on VW after Hyundai, Kia adopt Tesla charging standard

October 5, 2023
Hyundai and Kia have finally announced their plans to adopt Tesla’s North American Charging Standard (NACS) ports for their electric vehicles in the U.S. and Canada, joining the swells of automakers that have also promised to do so. The move will give Hyundai and Kia drivers — as well as drivers of Ford, General Motors, […]

a16z-backed Castelion wants to mass produce defense hardware, starting with hypersonics

October 5, 2023
One builds weapons in order that they are not used. Thus goes the central premise of deterrence theory, which says it is the credible threat of aggression – not the use of aggression – that will ensure states avoid war. This theory has dominated much of America’s strategic thinking over the past fifty-plus years, but […]

Hacked phone spyware shuts down… again

October 5, 2023
A short-lived spyware operation called Oospy, which emerged earlier this year after its predecessor Spyhide was hacked, is no longer operational and has shut down. Oospy appeared online in late July as a rebrand of a phone monitoring app called Spyhide, which was facilitating the surveillance of tens of thousands of Android device owners around […]

SEC to compel Elon Musk’s testimony in Twitter stock purchase probe

October 5, 2023
The U.S. Securities and Exchange Commission will try to force Elon Musk to testify over his Twitter stock purchases. The federal agency charged with regulating securities markets is currently investigating Musk for allegedly violating securities laws when he bought Twitter shares before buying the social media platform, which he has since renamed X. Buying Twitter […]

Stoke Space raises $100M Series B as it looks to reach orbit by 2025

October 5, 2023
Stoke Space is flying high. Fresh on the heels of a successful test of its reusable second stage, the four-year-old startup announced today that it closed $100 million in new funding led by Industrious Ventures. This newest round of funding included participation from the University of Michigan, Sparta Group, Long Journey, and other investors. Existing […]