Posted in: Tattle, Technology

Tether pays out $10bn in withdrawals since start of crypto crash

Pace of withdrawals in May means ‘stablecoin’ company effectively dealing with slow-motion bank run Tether, the multibillion dollar “stablecoin” that functions as the largest bank in the cryptocurrency economy, has paid out $10bn (£8bn) in withdrawals since the crypto crash started in early May. The pace of withdrawals means the company is effectively dealing with […]

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Ukrainian man loses life savings in ‘stablecoin’ crypto slump

Yuri Popovich invested in the supposedly safe cryptocurrency to protect against risks of the invasion A Ukrainian man who converted almost all his family’s money into the crypto “stablecoin” terra in April in an effort to protect against the risks of invasion or currency collapse has lost almost $10,000 (£8,000) after its sudden demise. “It […]

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‘Phones are like a scab we know we shouldn’t pick’: the truth about social media and anxiety

Although connecting with friends online has positive benefits for mental health, overdoing screen time can lead to a catastrophic emotional crash Most people think that phones are a bad thing for anxiety. Parents, in particular, believe phones are terrible for the mental health of children, teenagers and young adults. So, what is the truth? While […]

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YouTube removes more than 9,000 channels relating to Ukraine war

Exclusive: Platform takes ‘unprecedented action’ to address content guideline violations since invasion Russia-Ukraine war: latest updates YouTube has taken down more than 70,000 videos and 9,000 channels related to the war in Ukraine for violating content guidelines, including removal of videos that referred to the invasion as a “liberation mission”. The platform is hugely popular […]

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Can Abba really recreate the feel of a live concert using holograms 41 years after their last set?

This week the supergroup begin seven months of gigs in a purpose-built London arena… with the band members elsewhere Just over 41 years ago, Abba played their last concert together. It wasn’t a live show for salivating fans, but a short set for Swedish TV. A highlight was their recent hit Super Trouper, a song […]

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Elon Musk and Jeff Bezos have an unhealthy Twitter habit | John Naughton

They are two of the world’s richest people, and both are obsessed with space travel, but they use social media for very different reasons Why do billionaires tweet? Is it because they no longer have to earn a living? Or because they’re bored? Or because they spend a lot of time in, er, the smallest […]

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Crypto is starting to lose its cool – just look at El Salvador | Rowan Moore

Fantasies of a Bitcoin City have been undermined by the country’s huge losses in cryptocurrency To its evangelists, bitcoin is a frictionless, empowering form of money that liberates citizens of the world from the shackles of banks and national governments. To sceptics, the cryptocurrency is a tool of kleptocrats and gangsters, environmentally monstrous in its […]

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TikTok and tiaras: the youngsters leading a new generation of royalists

A 70-year reign is being hailed in 60-second video clips to mark the Queen’s platinum jubilee – winning over hundreds of thousands of followers Charlie Richardson, 19, known on TikTok as notaroyalexpert, has been working tirelessly over the past few weeks to update his online audience on the Queen’s recent appearances, as well as dispelling […]

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Elon Musk denies he sexually harassed attendant on private jet in 2016

Billionaire says report is ‘utterly untrue’ after allegation he paid $250k in 2018 to settle claim Elon Musk has denied claims in a news report that he sexually harassed a flight attendant on a private jet in 2016, calling the accusations “utterly untrue”. SpaceX, the rocket company founded by Musk, paid the female attendant $250,000 […]

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‘A catastrophic failure’: computer scientist Hany Farid on why violent videos circulate on the internet

‘Hashing’ would allow copies of videos to be removed from social media – but tech companies can’t be bothered to make it work In the aftermath of yet another racially motivated shooting that was live-streamed on social media, tech companies are facing fresh questions about their ability to effectively moderate their platforms. Payton Gendron, the […]

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