Forbes (March 5)
“The bitcoin price had rocketed by 50% since the beginning of 2023 but stalled out and crashed back, wiping away $100 billion… and reviving fears other crypto companies could follow FTX into bankruptcy.” Silvergate appears likely to be the next to tumble. The crypto bank “is teetering on the verge of collapse—with one short-seller predicting the bank will implode this week.”
Tags: $100 billion, 2023, Bank, Bankruptcy, Bitcoin, Collapse, Crashed, Crypto, Fears, FTX, Price, Short-seller, Silvergate, Stalled, Teetering, Tumble
Bloomberg (October 6)
“Even after $100 billion, self-driving cars are going nowhere. They were supposed to be the future,” but “the losses get bigger.” Several decades in, there remain few actual self-driving vehicles, mostly “confined to a handful of places in the Sun Belt, because they still can’t handle weather patterns trickier than Partly Cloudy. State-of-the-art robot cars also struggle with construction, animals, traffic cones, crossing guards, and … left turns.”
Tags: $100 billion, Animals, Construction, Crossing guards, Going nowhere, Left turns, Losses, Self-driving cars, Sun Belt, Traffic cones, Weather
