A spacecraft involved in China’s 2020 Chang’e-5 lunar sample-return mission is now in a unique orbit around the Moon, more than a year after completing its primary mission.
There’s a quiet upheaval happening in the semiconductor industry. The rules that have always governed the industry are fraying, undoing assumptions that we took for granted, that was pounded into us in school. The irreproachable Moore’s Law, that exponential progress will make things cheaper, better,… Read More
The chief executive of rideshare company Uber has said the firm ‘absolutely’ will accept cryptocurrencies in the future as they become more ‘environmentally friendly’ and less expensive. Notably, Uber co-founder Oscar Salazar forayed into the crypto industry by founding Voyager, a crypto exchange in 2018. In an interview with Bloomberg, Uber Technologies CEO Dara Khosrowshahi stated that his company will ‘eventually’ accept cryptocurrencies ‘at some point’ in the future but not for now because the ‘exchange mechanism is expensive,’ adding it’s also ‘not great for the environment.’ “Is Uber going to accept crypto in the future? Absolutely. At some point. This isn’t the right point, but we will.” This isn’t the first time Khosrowshahi has come out in favor of cryptocurrencies. Earlier last year, he said that the popular ride-sharing app was ‘going to look at cryptocurrency and or Bitcoin in terms of currency to transact.’ Khosrowshahi has also been known as an early Bitcoin advocate. During his 12-year tenure with Expedia, a travel-bookings platform, he turned the platform into one of the first mainstream merchants to accept Bitcoin as a form of payment in 2014. “I think right now what we see with bitcoin and some of the other [cryptocurrencies] is that they are quite valuable as a store of value. As the exchange mechanism becomes less expensive, becomes more environmentally friendly, I think you will see us lean into crypto a little bit more.” he added. Earlier last year, electric car company Tesla added Bitcoin to its balance sheet and started accepting it as a payment method but later canceled citing environmental concerns. However, CEO Elon Musk said that it may start again in the future.
A documentary on a 20-year-old crypto trader who allegedly turned $50 into an $8 million fortune last year has been removed by the BBC. The Crypto Millionaire was the title of the documentary, which chronicled the narrative of Hanad Hassan, a Birmingham resident who claims to have made a return of around 16,000,000% in a year by trading unnamed crypto assets. The piece was supposed to air this week, and it would have explored how Hassan had begun to give back to the community as a result of his newfound wealth, but it was canceled after the Guardian revealed on Feb. 10 that it had expressed problems about the BBC’s research: “The Guardian asked the BBC if it was confident in his claimed financial returns and questioned why the program’s promotional material did not mention that Hassan’s cryptocurrency Orfano was abruptly shut down in October, with many unhappy investors claiming they were left out of pocket as a result.” The Guardian’s media editor Jim Waterson wrote, “The BBC swiftly said it had withdrawn the show but did not make any further comment on its editorial checks.” Hassan Had First Turned $50 Into $1M in Q1 2021 Hassan had first transformed $50 into $1 million in Q1 2021, according to a now-deleted promotional story for the program on the BBC’s website (that can still be viewed via web.archive.org), before going on to co-create his own ‘special cryptocurrency’ that distributes all of its proceeds to charity. The BBC did not disclose the details behind Hassan’s ‘net worth’ and how he generated the money between Q1 and Q4 2021, therefore it is unknown how he made the remaining $7 million of the estimated $8 million sums. Hasan’s ORFANO token, according to Coinmarketcap, was introduced on April 2, 2021, with a 6% tax on all transactions using the asset. A portion of the tax revenue earned by the token was allocated to a wallet address for charitable donations. The coin does not have a pricing history, but according to the BBC, OFRANO donated $200,000 to charity last year from its profits. According to posts from the r/Orfano community on the social media network Reddit, the project remained silent in September before shutting down in October, implying that ORFANO barely lasted five or six months. Several individuals on the subreddit claimed that the project was illegitimate, but this is a pretty regular claim made by community members whenever projects fail. Hassan and co-founder Ahmed wrote in a message to the community that was reposted on Reddit: “Things haven’t gone the way we had planned and after careful consideration, we have decided that we will [be] stopping the continuing of the project. The team has put in every effort to maintain and grow the token but we don’t see any progress and a way to bring Orfano x back to the good days.”
Copa Holdings, S.A. today announced financial results for the fourth quarter of 2021 (4Q21) and full year 2021. The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tables section of this […]