After eight years of work and delays, the blockchain Ethereum has transitioned to a new method of verifying transactions, known as Proof of Stake. The technical upgrade, called the merge, was completed in the early hours of Thursday morning. It significantly reduces the amount of energy used by the network and sets the stage for Ethereum to lower its fees and massively expand its user base.
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Facebook Inc. won a court ruling dismissing two monopoly lawsuits filed by the U.S. government and a coalition of states that sought to break up the company, dealing a blow to the effort of antitrust officials to take on the biggest tech platforms.
The decision by U.S. District Judge James Boasberg in Washington on Monday sent Facebook shares soaring, pushing the company’s market va…
Read moreJack Dorsey, the co-founder and chief executive officer of Twitter Inc., is stepping down, ceding the position to the company’s chief technology officer Parag Agrawal.
The move is effective immediately, though Dorsey will stay on the board of the social media company until his term expires in 2022, Twitter said in a statement Monday.
“I’ve decided to leave Twitter …
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A four-day work week improves employees’ health in numerous ways, from reducing anxiety and stress to enabling better sleep and more time for exercise, according to a large new report.
“It genuinely has, even with our academic skepticism, been a really positive outcome,” says report co-author Brendan Burchell, a social sciences professor at the U.K.’s University of…
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South Africa ruled out challenging a High Court ruling that struck down some key changes to mining rules that govern Black ownership targets, in a move that may potentially revive investor interest in the industry.
In September, the High Court struck down some key provisions introduced to the mining charter in 2018 by Mines Minister Gwede Mantashe. It included a rule stipulating that an o…
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OpenAI, the company behind ChatGPT, has announced that CEO and co-founder Sam Altman will immediately leave his role leading the company and step down from its board of directors.
Altman was not “consistently candid in his communications with the board, hindering its ability to exercise its responsibilities,” leading to the board losing confidence in his ability to lead the company, a…
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It’s easy to poke fun at terrible restaurants, like the one on Gordon Ramsay’s show Kitchen Nightmares that served a mayonnaise-and-cheese sushi pizza, or the Washington D.C. Popeyes that went viral after a video revealed the franchise was overrun with gargantuan rats. (They were not of the Pixar variety that hide in chef hats and improve recipes, unfortunately). Both eater…
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Bloomberg — Tesla Inc. delivered 308,600 vehicles worldwide in the fourth quarter, smashing the previous record for the electric-car maker and setting a capstone on a year in which the company joined the exclusive $1 trillion market valuation club.
The better-than-expected results posted Sunday pushed Tesla’s total sales for the year to more than 936,000, up about 87% over 202…
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China’s millions of Communist Party cadres were warned to stay away from investing in private equity to avoid ownership situations that can breed corruption.
Such investing creates doubts about the integrity of officials and opens the door to the abuse of power for personal gains, an official publisher of the Central Commission for Discipline Inspection said in a recent article.&nb…
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Covid-19 flare-ups, diminished policy support, and lingering supply-chain bottlenecks will see the global economic recovery cool more than previously estimated in 2022, after last year’s expansion clocked the fastest post-recession pace in eight decades, the World Bank said.
Global gross domestic product will probably increase 4.1% this year, less than a 4.3% forecast in June, the W…
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