Digital Coin Debacle

Dwaiter Weekly


May 17, 2022


A Reckoning for Cryptocurrency

Proponents’ claims about cryptocurrency appear increasingly dubious, Vox reports. Bitcoin has lost more than half of its value, supposedly “stable” coins have been revealed as anything but, and increasingly crypto looks like a solution in search of a problem—one that’s creating more problems than it’s worth.


Apple Delays Return-to-Office Plan

Apple has tabled a policy that would have required workers to be in the office three days a week, citing the rising wave of COVID-19 cases, the Washington Post reports. The company also is reinstating mask requirements for common areas. Many of Apple’s 165,000 employees have been working remotely throughout the pandemic.


Is Musk Having Second Thoughts?

On Tuesday, Elon Musk tweeted that his proposed $44 billion purchase of Twitter couldn't proceed unless the social media company could verify that fewer than 5 percent of its accounts were fake. Some suspect that Musk is angling to back out of the deal or at least negotiate a lower price, but Fortune says he might find that difficult.


A Catalyst for Rochester Startups 

By streamlining the process of compliance and regulation for small and midsize companies, OpReddy hopes to spur startup activity here, the Rochester Beacon reports. Through OpReddy’s software, documents are stored, signed electronically, and employees can get training certification through a unified, electronic system.



College to Close After Ransomware Attack

Lincoln College in Illinois, which opened in 1865, has announced it will close permanently following a ransomware attack in December, Government Technology reports. The decision marks the first higher education institution closure in the U.S. due in part to a cyberattack.


Using Tech to Build an Audience for Hate 

The man responsible for the mass homicide of Black Americans at a Buffalo supermarket used a head-mounted camera to livestream his attack via Twitch. The video was taken down within two minutes, but clips continue to circulate online. An expert who spoke with Grid explains how mass violence today is produced and distributed for a vast global audience.  


Patent Feud Between Peloton and iFit Settled 

Peloton has struggled financially in recent months, but it had good news this week. The company reached a settlement agreement with iFit, Engadget reports. As part of the settlement, iFit will remove some leaderboard features from its devices. Peloton, meanwhile, has agreed to license a handful of patents from iFit that involve remote control technologies.


Google Walks Back Free GSuite Account Shutdown  

After initially threatening to shut down free "legacy" GSuite accounts if users didn't start paying for the service, Google has completely backed off, Ars Technica reports. Once users jump through some sign-up hoops, Google will allow their accounts to continue functioning.  


Social App Zenly Adds Maps

Zenly, the popular social app with 35 million monthly active users, released a complete redesign last month—but that was just the first part of a bigger change at the company owned by Snap, TechCrunch reports. Zenly has begun rolling out its own mapping data and engine, aiming to compete with the likes of Google Maps and Apple Maps. 


Really Green Energy 

The Howe Lab, a photosynthesis research group at Cambridge University, powered a computer for six months using a colony of non-toxic photosynthetic algae sealed within a small container about the size of an AA battery, TechSpot reports. It could have applications in the world of low-power IoT devices.

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