Coinbase is reimbursing losses caused by the Ethereum flash crash

 Earlier this week, GDAX, the digital currency exchange run by Coinbase, experienced a flash crash in its USD – Ethereum market. Within seconds the price of ETH crashed from ~$320 to as low as $0.10. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses. While many… Read More


Source: Tech Crunch

VC Justin Caldbeck is taking an indefinite leave of absence, apologizes to the women he ‘made feel uncomfortable’

 In light of allegations of sexual harassment and unwanted sexual advances, Binary Capital co-founder and managing Partner Justin Caldbeck is taking an indefinite leave of absence. In a statement provided to TechCrunch, Caldbeck apologized for his behavior, directing it “first to those women who I’ve made feel uncomfortable in any way, at any time – but also to the greater… Read More


Source: Tech Crunch

SpaceX successfully launches reused Falcon 9 rocket, recovers first stage

 SpaceX has successfully launched a Falcon 9 to orbit during its BulgariaSat-1 mission Friday. The launch reused a first stage booster first employed during an Iridium Communications mission in January of this year, after that Falcon 9 first stage was recovered and refurbished. The mission on Friday was to delivery Bulgaria’s first ever geostationary communications satellite into orbit,… Read More


Source: Tech Crunch

Watch SpaceX launch a re-used Falcon 9 rocket live right here

 SpaceX is attempting to re-launch a Falcon 9 it used first in January, taking off from Launch Complex 39A at Kennedy Space Center with a two-hour launch window opening at 2:10 PM EDT today (UPDATE: The launch is now set for 3:10 PM EDT as SpaceX will be conducting additional ground checks). The mission, BulgariaSat-1, will attempt to deliver a geostationary orbital commercial comms satellite,… Read More


Source: Tech Crunch

After three days, Skype’s outage is resolved

 After three days of connectivity issues which prevented some Skype users from being able to log in, make calls, or send and receive messages, the company says it has now fully resolved the problem. What it isn’t saying – at least not yet – is what exactly happened. Microsoft’s decision to stay silent on an incident of this length and scale – the outage impacted… Read More


Source: Tech Crunch

Africa’s “Shark Tank” for startups is Rwanda’s new show “Face The Gorillas”

 African startups can now score capital commitments real time―so long as they convince a venture capitalist to give it to them in front of a live audience. That’s the format for Face The Gorillas, a Rwandan IT pitch series that runs several times a year on local TV, YouTube, and at select events. The competition was originally conceived in 2013 by Yariv Cohen and wife Angela… Read More


Source: Tech Crunch

ABBYY’s new version of TextGrabber is a super useful OCR and translation app

ABBYY has been being doing optical character recognition software since forever, but it’s now brought its software to mobile. If you want to capture text and make it actionable (click on links or ping out to map directions) this is an extremely useful app. Its new ABBYYs TextGrabber 6.0 for iOS has just gone live on the Apple App store and it has real-time recognition capabilities and… Read More


Source: Tech Crunch

Tesla said to be in talks to create its own streaming music service

 Tesla might be a music service operator soon, in addition to a maker of electric cars and solar energy products. That’s according to a new report from Recode, which says that Tesla has been talking to music labels to make this happen.
The planned offering could start with a free, Pandora-like streaming radio option, which theoretically would be tied to Tesla vehicle ownership, one imagines. Read More


Source: Tech Crunch