Den Automation, the once-promising UK smart home startup that raised nearly $5.8 million via equity crowdfunding and boasted former Amstrad chief Bob Watkins as CEO, has agreed to go into liquidation, The Register reported Tuesday. From the report: Documents seen by this publication show Wilkin Chapman Business Solutions Limited has been appointed as liquidators, with Ian Michael Rose and Karen Tracey…
Tag: investors
Jimmy Wales New Social Network Skyrockets To 345,000 Members, Will Hire Journalists
Jimmy Wales’ new social network WT.Social started November with just 1,500 members. Four weeks later, it’s skyrocketed up to 345,680 members — and that’s just the beginning. Next year Wales plans to hire journalists, with the site’s users acting as their “editors-in-chief,” fulfilling the dreams Wales had for the site’s earlier incarnation as a crowd-sourced news platform Wikitribune, reports the journalism…
HSBC Swaps Paper Records For Blockchain To Track $20 Billion Worth of Assets
HSBC aims to shift $20 billion worth of assets to a new blockchain-based custody platform by March, in one of the biggest deployments yet of the widely-hyped but still unproven technology by a global bank. From a report: The platform, known as Digital Vault, will give investors real-time access to records of securities bought on private markets, HSBC told Reuters, and…
Price of Bitcoin Plummets Below ‘Psychological’ $7,000 Level After China Promises Crackdown
Friday Forbes wrote that price of Bitcoin had dropped 10% over the previous 24 hours, dipping below the “psychological” $7,000 level. That’s after starting the week at over $8,000, and less than a month after it rose to $10,000. Apparently cryptocurrencies had gotten some very bad news from China. Bitcoin rivals ethereum and bitcoin cash have led the market lower [Friday]…
Slack’s Response to New Microsoft Teams Ad? ‘Ok Boomer’
An anonymous reader quotes Business Insider:
Slack tweeted a video on Thursday comparing a Slack ad and a Microsoft ad, showing the similarities between them and implying the Microsoft ad copied Slack’s concept. The video was captioned “ok boomer,” a phrase that has turned into a meme for millennials and Gen Z to voice their gripes with the baby boomer generation… Slack…
This Company Is Using Mushrooms To Reduce Plastic Waste
The New York-based biotech startup Ecovative wants to replace plastic with mycelium, the below-ground root-like structure of a mushroom, writes CNN Business. pgmrdlm shared their report: The company says it has developed a way to grow mycelium into specific shapes and sizes. The method, according to Ecovative, involves taking organic plant waste and inoculating it with mycelium. After the mycelium grows…
More Than 10 Million Sign Up For Disney+ in First Day
The Walt Disney Company said Wednesday that its new streaming service Disney+ had 10 million sign-ups since it launched Tuesday at midnight. From a report: Disney wouldn’t release the number if the company didn’t think it represented a major milestone. Disney told investors in the spring that it hopes to reach 60 million to 90 million subscribers by 2024. The number…
Company Seeks FDA Approval For Single-Dose Drug To Cure HIV/AIDS
“Wednesday night was an exciting one for investors and employees at American Gene Technologies,” reports a local Maryland news station. “After years in the making, they submitted a nearly 1,000-page document to FDA. And within its pages just may lie the cure for HIV/AIDS.” Founded in 2007, the privately-held company has less than 50 employees according to LinkedIn. Based in Maryland,…
WeWork Says It Will Divest All ‘Non-Core’ Businesses
WeWork released Friday a “90-day game plan” that details sweeping changes to its businesses, including a divestiture of all “non-core businesses” and a reduction in headcount. CNBC reports: The changes are detailed in a nearly 50-page presentation, which was first put together in October as part of a pitch to investors, but was made public on Friday. WeWork said it plans…
An Energy Breakthrough Could Store Solar Power For Decades
An anonymous reader quotes a report from Bloomberg: Scientists at Chalmers University of Technology in Gothenburg have figured out how to harness the energy and keep it in reserve so it can be released on demand in the form of heat — even decades after it was captured. The innovations include an energy-trapping molecule, a storage system that promises to outperform…