Tech Tea – Tech Related Stories That Matters: 7/21/22

Three Charged In First Ever Cryptocurrency Insider Trading Tipping Scheme

Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of an Indictment charging ISHAN WAHI, a formerproduct manager at Coinbase Global, Inc. (“Coinbase”), NIKHIL WAHI, and SAMEER RAMANI, with wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets by using confidential Coinbase information about which crypto assets were scheduled to be listed on Coinbase’s exchanges.  ISHAN WAHI and NIKHIL WAHI were arrested this morning in Seattle, Washington and will be presented today in the United States District Court for the Western District of Washington.  SAMEER RAMANI was also charged today and remains at large.

The Best Business Advice I’ve Ever Gotten – Mason Pelt

When these kids wind up in the ER, they often talk to social workers who check for abuse, mental illness, or self-harm. Most of the time, the professionals trained to evaluate the situation conclude that the kids didn’t know how gravity or bones worked in our mortal plane. A three-story jump seems illogical to everyone because we knew to expect at least an ER visit.

Secret Service watchdog knew in February that texts had been purged

A watchdog agency learned in February that the Secret Service had purged nearly all cellphone texts from around the time of the Jan. 6, 2021, attack on the Capitol, but chose not to alert Congress, according to three people briefed on the internal discussions.

Tesla sold 75 percent of its Bitcoin

Tesla already reported vehicle shipment numbers for the second quarter, and now its full Q2 2022 financial report (pdf) reveals it’s dealing with inflation and the overall economic downturn, combined with a plunge in prices of Bitcoin and other cryptocurrencies. In the letter to investors, Tesla execs reveal the company has sold 75 percent of its Bitcoin holdings, adding $936 million in cash to its balance sheet.

Taking robots from the lab to the real world

Engineers and robotics fans can nerd out about robots in the lab and the workshop all day long. It’s a very long road from a ridiculously cool, glorified science experiment to robots that can be put to work in production settings. These robots often have to work in some of the harshest conditions imaginable: defusing bombs, wandering the halls of nuclear power plants or working high up in the air to ensure our power lines stay in good shape.

Entrepreneurship Or Compulsive Gambling?

A fair amount of academic research supports the idea that entrepreneurship can seemingly be a form of behavioral addiction. More scholarly work supports the idea that many who gravitate to entrepreneurship are likely to trend towards both substance use disorders and behavioral addictions like gambling.

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