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Tesla sued a former engineer for allegedly stealing trade secrets from its humanoid robotics program, Optimus, and using them to launch a rival startup. The lawsuit, which was filed on Wednesday and originally reported on by Bloomberg, accuses Zhongjie “Jay” Li of stealing trade secrets regarding Tesla’s development of “advanced robotic hand sensors” to launch…
Warp was founded in 2021 to help companies streamline their shipping supply chains and reduce costs through its tech-enabled network of shippers, carriers and warehouses. Now, it wants to make supply chains further efficient by using robots to automate its web of warehouses. Daniel Sokolovsky, the co-founder and CEO of Warp, told TechCrunch that Warp…
Hedge funds like Qube, Virtu and Jump are hiring weekend crypto traders as traditional finance adapts to nonstop digital asset markets. The always-on crypto market is reshaping global finance, pushing hedge funds and trading firms to look beyond traditional hours and staff desks through the weekend. Qube Research & Technologies, a global quantitative investment management…
Los Angeles-based Coco Robotics, a startup building last-mile delivery robots, announced it raised $80 million on Wednesday. The funding round included angel investors Sam Altman and Max Altman, both returning investors, in addition to VC firms like Pelion Venture Partners and Offline Ventures, among others. This brings the company’s total funding to more than $120…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, US stablecoin legislation moves closer to a Senate vote. Meanwhile, Ukraine eyes adding cryptocurrencies to its national reserves, and a proposed Bitcoin software update…
Connecticut has joined the growing number of US states rejecting the notion of a state Bitcoin reserve, prohibiting government entities from making crypto investments and payments. Connecticut lawmakers unanimously passed a bill prohibiting state and local government divisions from accepting cryptocurrency payments and holding crypto assets. The House Bill 7082, titled “An Act Concerning Various…
Securities and Exchange Commission chair Paul Atkins also bashed the previous administration under former SEC Chair Gary Gensler and its approach to crypto. The US securities regulator is working on an “innovation exemption” to stoke the creation of more onchain products and services, according to Securities and Exchange Commission chair Paul Atkins. Atkins, a former…
Bitcoin price pushed through a critical overhead resistance level, possibly opening the door to new all-time highs. Key points: Bitcoin opened the week with strength as bulls target new highs in BTC and altcoins. Many major altcoins are stuck in a range, but HYPE is showing signs of strength. Read more If you liked the…
XRobotics thinks it has cracked the code on getting pizza restaurants to adopt robotics. The San Francisco-based robotics company built a countertop robot called xPizza Cube, which is roughly the size of a stackable washing machine, and uses machine learning to apply sauce, cheese and pepperonis to pizza dough. The machines, which lease for $1,300…
The price of Official Trump coin briefly spiked 6% before pulling back, following Eric Trump saying the team “remain focused on building the most exciting MEME on earth.” Eric Trump, son of the US President, announced that Trump family-backed crypto platform World Liberty Financial (WLF) plans to acquire a significant amount of the Official Trump…