Month: January 2024
FTX says it will pay back customers
Illustration: The Verge
FTX says it will repay investors after the cryptocurrency exchange’s collapse led to the loss of billions of dollars. During a court hearing on Wednesday, FTX lawyer Andrew Dietderich said the company expects to “have sufficient funds to pay all allowed customer and creditor claims in full.”
The company will recompense customers based on the price of the cryptocurrency they purchased as of November 2022 — when the exchange filed for bankruptcy. There are still some challenges associated with getting the lost funds back to customers, though, as Dietderich notes the company will need to comb through all the claims to determine whether they’re legitimate.
“I would like the court and stakeholders to understand this not as a guarantee, but as an objective,” Dietderich said. “There is still a great amount of work and risk between us and that result, but we believe the objective is within reach, and we have a strategy to achieve it.”
Dietderich also said the company no longer has plans to reboot the exchange, something that was rumored last year. “This hopefully puts to bed the alternative narrative that this business was just fine all along,” Dietderich says. “It was an irresponsible sham, created by a convicted felon.”
FTX previously reported having over 36,000 claims adding up to about $16 billion. Last year, it said it would only be able to compensate around 90 percent of customers. FTX, which was once one of the largest crypto exchanges, collapsed in November 2022, leading to the arrest of founder and former CEO Sam Bankman-Fried. A federal court found Bankman-Fried guilty of fraud last November.
Illustration: The Verge
FTX says it will repay investors after the cryptocurrency exchange’s collapse led to the loss of billions of dollars. During a court hearing on Wednesday, FTX lawyer Andrew Dietderich said the company expects to “have sufficient funds to pay all allowed customer and creditor claims in full.”
The company will recompense customers based on the price of the cryptocurrency they purchased as of November 2022 — when the exchange filed for bankruptcy. There are still some challenges associated with getting the lost funds back to customers, though, as Dietderich notes the company will need to comb through all the claims to determine whether they’re legitimate.
“I would like the court and stakeholders to understand this not as a guarantee, but as an objective,” Dietderich said. “There is still a great amount of work and risk between us and that result, but we believe the objective is within reach, and we have a strategy to achieve it.”
Dietderich also said the company no longer has plans to reboot the exchange, something that was rumored last year. “This hopefully puts to bed the alternative narrative that this business was just fine all along,” Dietderich says. “It was an irresponsible sham, created by a convicted felon.”
FTX previously reported having over 36,000 claims adding up to about $16 billion. Last year, it said it would only be able to compensate around 90 percent of customers. FTX, which was once one of the largest crypto exchanges, collapsed in November 2022, leading to the arrest of founder and former CEO Sam Bankman-Fried. A federal court found Bankman-Fried guilty of fraud last November.
“Legally-Distinct Pocket Creatures” may be Palworld Modder’s revenge on Nintendo
YouTuber Toasted Shoes got a DMCA notice after uploading a trailer of Palworld to Pokemon mod on Twitter. He said in
The post “Legally-Distinct Pocket Creatures” may be Palworld Modder’s revenge on Nintendo appeared first on ReadWrite.
YouTuber Toasted Shoes got a DMCA notice after uploading a trailer of Palworld to Pokemon mod on Twitter. He said in a video, “We were planning on releasing the mod for free on Nexus.” This will, clearly, no longer be possible — but the video still hit 100,000 views before it was taken down. PCgamer said that Toasted Shoes team of modders is not to be stopped, and they have “devised an infernal concoction of bootleg Poléman — straight from the pits of Hades.” The mod seems to be designed to “yank the chain” of the lawyers and fans alike.
Many likely noticed the 1.3 Steam update for Palworld last week, with over eight million players finding out the the infinite loading screen bug got worse. Thanks to Pocketpair, an update patch was deployed.
Using a mod that is “not a reference to anything, I promise,” the YouTuber lets viewers share the adventures of the “teenage boy in cap” as he embarks on multiple hunts and brings down legally distinct species. The new character looks like it is designed after ToastedShoes himself and wears a red and white cap. Firefox, Yellow Rat, Braided Sheep, and everyone’s favorite — Fat Cock –are among this “cute” bunch of creatures. Some say this mod has turned out worse than Pikachu carrying a pickaxe. However, there are a few really unique animals that were created expressly to avoid looking like props from a certain Nintendo-published series.
It features some amazing pocket sized creatures, such as Yellow Rat! pic.twitter.com/V5Saw3AIUI
— Toasted (@ToastedShoes) January 30, 2024
Although Palworld’s derivative Pal designs have drawn criticism for being occasionally too similar for comfort, they are nevertheless attractive. Instead of being strapped together with royalty-free models and released onto unsuspecting audiences, they were actually created and designed by someone, separate from all the” rules.”
The teenage boy in the red and white cap moves through his ordeals and has a climactic battle with Saul Goodman. Saul Goodman conjures a “cease” letter out of a jar. It’s sort of a reskin of the game’s Syndicate Tower battle with Rayne, riding up on Grizzbolt.
If you haven’t already become addicted to the Palworld platform, you will — here’s how to join. It is delightfully fresh and fun, and you may want to look for the Xbox Game Pass Ultimate for two years. And, most importantly, here’s how to level up, fast.
More Palworld news you might like:
How to play Palworld in VR
Palworld becomes only second Steam game to reach 2m concurrent players
Are Lucky Pals in Palworld the same as Shiny Pokemon?
Is Palworld “ripoff nonsense”? Former Pokemon legal boss thinks so
Featured Image Credit: Palworld; Toasted Shoes
The post “Legally-Distinct Pocket Creatures” may be Palworld Modder’s revenge on Nintendo appeared first on ReadWrite.
Samsung Galaxy S24 Ultra withstands brutal scratches and bending in a gruelling test
YouTube channel JerryRigEverything puts the Samsung Galaxy S24 Ultra’s new titanium frame and improved Gorilla Glass front to the test.
Samsung has made a big deal of the new materials used in the recently launched Samsung Galaxy S24 Ultra – namely a titanium frame and new Gorilla Glass Armor – and now a YouTube video has given us some idea of just how durable those materials actually are.
YouTuber and repair expert Zack Nelson of JerryRigEverything put the upgraded endurance of the Galaxy S24 Ultra to the test as part of his smartphone durability test series, with the Galaxy S24 Ultra not only surviving but passing with flying colors.
The phone’s all-new titanium frame and Corning Gorilla Armour glass front should make the Galaxy S24 Ultra among the toughest phones ever and a notable upgrade over its predecessor, the Samsung Galaxy S23 Ultra.
Tough as a Gorilla
Corning Gorilla Armour is a unique addition to the S24 Ultra. Corning claims that Gorilla Armour is superior to the Gorilla Glass Victus and Victus 2 used in most other flagship phones, and says that in addition to being tough, it reduces screen glare by 75%, as seen in the video, in which the Galaxy S24 Ultra is compared to the much older Samsung Galaxy Note 10 Plus.
The resistance of the screen was tested by using progressively harder tools rated on the Mohs scale of hardness, which runs from 1 to 10. The screen is then divided from 1 to 10 with corresponding harder tools used as the number progresses resulting in initial no marks, then light grazes to eventually deep cuts and gouges.
The Galaxy S24 Ultra appears unyielding to the first several levels of hardness, with lines only beginning to appear on the screen at level 7, however, they appear faint and shouldn’t impact the phone’s operation much.
Nelson then comments on how the new glass even feels slightly different, stating his tools began to feel the depth of fracturing at much later levels than usual, at around levels 7 and 8.
The video shows that the Corning Gorilla Armour does seem to resist the micro-scratches that you’d typically see from key scratches and day-to-day use, providing an improved level of protection over previous types of Gorilla Glass. And even with level-7 scratches on the screen, the fingerprint scanner still functioned well.
I am titanium
(Image credit: Corning )
Using the same tools scratches and deep cuts are then administered to the titanium frame, with Nelson noting that titanium resistance begins to show damage at around level 6 and that more typical aluminum frames are usually rated around level 3, which suggests the S24 Ultra’s frame offers a significant improvement in terms of durability.
Samsung doesn’t list the grade of titanium used, although these test results suggest it’s a significant upgrade on the aluminum used in the previous Samsung phones. Titanium is graded for strength on a scale from 1 to 12, with lower grades being weaker, and 12 being noted for its extreme heat and corrosion resistance.
Samsung has likely used grade 5, which is the same grade as the titanium used in Apple’s iPhone 15 Pro and iPhone 15 Pro Max. It’s also commonly used in spacecraft, naval ships, and racing cars as one of the hardest metals known to man, however, it is also much more expensive to produce.
When Nelson attempts to bend the Galaxy S24 Ultra with his hands, the phone gives very little, not bending or breaking under pressure. I recommend watching the video for a detailed breakdown of the Samsung S24 Ultra’s incredible resistance.
Resistance isn’t futile
While the overall look and design of the Samsung Galaxy S24 Ultra haven’t changed much over its predecessor, it seems clear that the upgraded materials will make a big difference to the phone’s durability.
And its ability to withstand severe punishment as well as everyday wear and tear, may just set a new standard for ultra-premium devices that could last much longer, making them a much better investment.
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A tough break for rugged phone fans as key manufacturer shuts down
There’s no word yet on how Bullitt-produced phones like the Cat S75 (pictured) will be affected. | Image: Cat
Bullitt Group, the UK-based smartphone manufacturer behind the rugged handsets of Cat, Land Rover, and Motorola, has seemingly shut down. On Monday, Mobile World Live spotted several Bullitt Group employees on LinkedIn saying that the company folded on January 26th after a “critical planned restructuring” failed. The Telegraph reported earlier this month that the company was on the brink of insolvency.
Bullitt Group has yet to issue an official statement confirming the closure. The manufacturer previously told The Telegraph that it planned to transfer its satellite connectivity business and all 100 of its employees to a new company owned by its creditors, though one former employee now claims the entire workforce has been laid off. We have reached out to Bullitt Group for comment.
Founded in 2009, Bullitt found its niche producing mobile devices and accessories for other companies. The most notable are the hardy, rugged handsets like the Land Rover Explore and Motorola Defy series, though it also made more traditional smartphones like the Kodak Ektra. In recent years, the company placed greater focus on satellite connectivity projects like the Motorola Defy Satellite Link as it struggled to compete against larger phone providers like Apple and Samsung.
Bullitt was hardly the cornerstone of the rugged smartphone market, but its closure will likely shrink the already limited pool of options that are available to consumers. With Motorola’s rugged lineup presumably impacted by Bullitt’s collapse, Samsung and Nokia remain two of the few recognizable mobile brands to provide rugged smartphones in a space that’s otherwise filled with smaller, niche companies like Doogee and Ulefone that specialize in those kinds of products.
There’s no word yet on how Bullitt-produced phones like the Cat S75 (pictured) will be affected. | Image: Cat
Bullitt Group, the UK-based smartphone manufacturer behind the rugged handsets of Cat, Land Rover, and Motorola, has seemingly shut down. On Monday, Mobile World Live spotted several Bullitt Group employees on LinkedIn saying that the company folded on January 26th after a “critical planned restructuring” failed. The Telegraph reported earlier this month that the company was on the brink of insolvency.
Bullitt Group has yet to issue an official statement confirming the closure. The manufacturer previously told The Telegraph that it planned to transfer its satellite connectivity business and all 100 of its employees to a new company owned by its creditors, though one former employee now claims the entire workforce has been laid off. We have reached out to Bullitt Group for comment.
Founded in 2009, Bullitt found its niche producing mobile devices and accessories for other companies. The most notable are the hardy, rugged handsets like the Land Rover Explore and Motorola Defy series, though it also made more traditional smartphones like the Kodak Ektra. In recent years, the company placed greater focus on satellite connectivity projects like the Motorola Defy Satellite Link as it struggled to compete against larger phone providers like Apple and Samsung.
Bullitt was hardly the cornerstone of the rugged smartphone market, but its closure will likely shrink the already limited pool of options that are available to consumers. With Motorola’s rugged lineup presumably impacted by Bullitt’s collapse, Samsung and Nokia remain two of the few recognizable mobile brands to provide rugged smartphones in a space that’s otherwise filled with smaller, niche companies like Doogee and Ulefone that specialize in those kinds of products.
Internet 2.0 Conference’s 2024 Edition Brings Game-Changing Discussions
Dubai, UAE, January 31st, 2024, FinanceWire The Internet 2.0 Conference will be back in 2024, providing leaders with a legitimate platform in Dubai and Las Vegas to envision the future of technology. The highly anticipated Internet 2.0 Conference is returning
The post Internet 2.0 Conference’s 2024 Edition Brings Game-Changing Discussions first appeared on TechStartups.
Dubai, UAE, January 31st, 2024, FinanceWire The Internet 2.0 Conference will be back in 2024, providing leaders with a legitimate platform in Dubai and Las Vegas to envision the future of technology. The highly anticipated Internet 2.0 Conference is returning […]
The post Internet 2.0 Conference’s 2024 Edition Brings Game-Changing Discussions first appeared on TechStartups.
The Ruby on Rails origin story
This article was originally published on .cult by Melina Zacharia. .cult is a Berlin-based community platform for developers. We write about all things career-related, make original documentaries, and share heaps of other untold developer stories from around the world. Honeypot presents the story of Ruby on Rails. Hear the origin story from the engineers who worked on the project from day one. And if you don’t have time to watch the whole thing, we also made it into a neat little article for you. The ‘meet cute’ The year was 1999 (or 2000, Jason isn’t quite sure about that) when…This story continues at The Next Web
This article was originally published on .cult by Melina Zacharia. .cult is a Berlin-based community platform for developers. We write about all things career-related, make original documentaries, and share heaps of other untold developer stories from around the world. Honeypot presents the story of Ruby on Rails. Hear the origin story from the engineers who worked on the project from day one. And if you don’t have time to watch the whole thing, we also made it into a neat little article for you. The ‘meet cute’ The year was 1999 (or 2000, Jason isn’t quite sure about that) when…
This story continues at The Next Web