SEC subpoenas PayPal over its USD-pegged stablecoin

November 2, 2023

Just three months after PayPal entered the fray to bring stablecoins to the masses, it’s attracting attention from U.S. regulators. The payments giant said Thursday that it had received a subpoena from the Securities and Exchange Commission related to its U.S. dollar-pegged stablecoin, according to Reuters. TechCrunch has reached out to PayPal for comment. In […]

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Revolut appoints new UK CEO as British banking license is still pending

November 2, 2023

Revolut, the fintech giant based in the U.K., has appointed a new CEO for its U.K. division. Francesca Carlesi will be in charge of Revolut’s division in its home country — Nik Storonsky remains the CEO of Revolut Ltd. It’s worth noting that today’s news comes as Revolut still doesn’t have a banking license in […]

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Zephr emerges from stealth with $3.5M and plans to create a “networked GPS” using cell phones

November 2, 2023

Zephr has emerged from stealth with radical plans to dramatically improve GPS – using cell phones with zero hardware modifications. Mobile devices have abysmal GPS accuracy, which prevents location app developers in verticals spanning gaming to fitness tracking from truly taking advantage of the powerful little computer everyone carries in their pocket. Two of Zephr’s […]

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The growing signs of trouble for global carbon markets

November 2, 2023
This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. There are growing signs of trouble for the multibillion-dollar global carbon market, as investigative stories and studies continue to erode the credibility of the business world’s go-to tool for cleaning up climate…

Bullish or Bearish — Analyzing 3 Energy Stocks

November 2, 2023
The energy sector is poised for significant expansion, propelled by escalating crude oil prices. Given this backdrop, let’s analyze the energy stocks Suncor Energy (SU), Marathon Petroleum Corporation (MPC), and…

Charm offensive: Google’s Gradient backs this startup to bring more pizzazz to the command line

November 2, 2023

A young startup is setting out to transform the command line interface (CLI) into something a little more fitting for the modern age — something a little more glamorous. Charm is a four-year-old company founded by former Apple, Last.fm, and TweetDeck engineer Toby Padilla, alongside Christian Rocha who formerly served as head of voice at […]

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New Facebook Stories API helps creators share directly from third-party desktop or web apps

November 2, 2023

Meta is introducing a new API that makes it easier to create and share a Facebook Story directly from a third-party desktop or web app. The social networking ad titan first introduced Stories to the main Facebook app in 2017, emulating a feature it had added to Instagram the previous year as well as Messenger […]

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How a tiny Pacific Island became the global capital of cybercrime

November 2, 2023
Tokelau, a necklace of three isolated atolls strung out across the Pacific, is so remote that it was the last place on Earth to be connected to the telephone—only in 1997.  Just three years later, the islands received a fax with an unlikely business proposal that would change everything. It was from an early internet…