Labs

Terraform Labs, the company behind the stablecoin TerraUSD, which collapsed and roiled cryptocurrency markets, filed for Chapter 11 bankruptcy in the United States, according to court papers filed on Sunday.Singapore-based Terraform labs, in a filing with the bankruptcy court in Delaware, listed assets and liabilities in the range of $100-$500 million.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIM KozhikodeIIMK Senior Management…

Too Long; Didn't ReadĀut Labs and HackerNoon are glad to announce the Opt Out Writing Contest! The Opt Out writing competition series grants $9000 in USDT to the best web3 writers, and it expands over three (3) main themes for nine (9) months - making it one of the longest writing contests in the history of Web3. This is the announcement of the first contest: Opt Out of the System that doesn't represent you. There are three main topics of this theme with $3k (in USDT) rewards for the top 6 writers: #autonomy: You have…

A federal judge ruled on Thursday that cryptocurrency entrepreneur Do Kwon and his company Terraform Labs violated US law by failing to register two digital currencies that collapsed in 2022.US District Judge Jed Rakoff in Manhattan sided with the Securities and Exchange Commission in its case stemming from the implosion of the TerraUSD and Luna currencies.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIM KozhikodeIIMK Advanced Data…

Merchant payments company Pine Labs reported a total revenue of Rs 1,588 crore in the financial year ended March 31, 2023, up 56% from a year ago. Its overall losses dipped marginally to Rs 227 crore, down from Rs 259 crore in the previous financial year, data sourced from business intelligence platform Tracxn showed.Pine Labs largely deploys point of sales (PoS) terminals at retail merchant outlets. It has recently expanded into online ecommerce payments through its gateway solutions platform Plural.Elevate Your Tech…

The world of artificial intelligence keeps developing at an exponential rate. Just a few months ago, we saw multimodal large language models (LLM), that were capable of generating responses in voice as well as images. Now, we have AI models that can even generate videos from simple text prompts. Technically, there was only one such AI model accessible to the public by Runway, but now we have another. Pika Labs, the AI firm, has launched its AI video generator, Pika 1.0, and has opened its waitlist to the public.The…

Indian Institute of Technology Madras (IIT-M) on Tuesday said that its researchers have developed 3D-printed face implants for patients suffering from black fungus, which has been reported in Covid-19 patients as well as those with uncontrolled diabetes, HIV/AIDS and other medical conditions. The institute said that around 50 implants have already been done on patients from economically weaker sections.IIT-M has partnered with Zoriox Innovation labs, a startup founded by dental surgeons in Chennai, to implement this…

India is incredibly important for German multinational software company SAP SE, said senior company officials here on Tuesday.“This is India’s century. Massive tailwinds are propelling India at the moment. We are leveraging this momentum at SAP and are absolutely bullish about India,” said Punit Renjen, deputy chairperson of SAP SE supervisory board, in his maiden visit to SAP Labs India at Whitefield in Bengaluru.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK…

Despite an unfortunate anomaly nearly three months ago, Rocket Lab is ready to see its Electron rocket fly once again with a new mission slated for launch on Friday.Google’s AI Isn’t a Gimmick, It’s the Future | AI UnlockedThe California-based company announced that it will launch a new Electron mission no earlier than December 14 during a daily two-hour launch window that opens at 11:00 p.m. ET (December 15 from 5:00 p.m. to 7:00 p.m. NZDT). The rocket is set for liftoff from Rocket Lab’s Launch Complex 1 in Mahia, New…

Scientists at NASA’s Jet Propulsion Laboratory (JPL) can now breathe a collective sigh of relief. After a year-long delay, the lab’s Psyche mission finally launched in October to visit a metal-rich asteroid with the same name. The mission is a huge win for scientists who hope to better understand the role that these bizarre objects played in assembling the early solar system. And its liftoff is also a redemption for JPL itself, which faced a number of challenges as it prepared Psyche for launch—chief among them the waves…

Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period chaotic even by the standards of the notoriously volatile industry.Zhao stepped down as CEO of Binance -- the largest crypto exchange in the world -- after he and the company pleaded guilty on Tuesday to sweeping US money laundering violations and agreed to fines of more than $4 billion. Here are three of the highest-profile crypto executives who have fallen foul of the law since last year: - Changpeng 'CZ' Zhao…