Valley Archives -
The pilot of a Navy jet fighter that crashed in Death Valley National Park was killed, the military said Thursday, per the AP . The identity of the pilot will be withheld until 24 hours after notification of next of kin in accordance with Defense Department policy, the Navy said in…
Authorities say seven people on the ground have been injured in the crash of a Navy jet in California’s Mojave Desert.
On the surface, Nagoro is like any other sleepy riverside village in southern Japan’s remote Iya Valley.
CNN.com – RSS Channel – World
Silicon Valley loves its engineer-founders. They are members of the region’s highest caste, the entrepreneurs trusted to turn bits and bytes into the next hit digital products, and the people venture capitalists most like to back.
Stewart Butterfield, co-founder and chief executive of the workplace…
The developer of New York’s Hudson Yards is ready to build another massive office, housing and retail complex — this time about 3,000 miles to the west.
Related Cos. announced Wednesday that it has started work on a 240-acre site in Silicon Valley for what it says is one of the largest entitled…
Reading Robert Mueller’s report, it’s hard not to feel like that frog who gets slowly boiled alive. Many of its most incendiary allegations had already been published elsewhere. We knew most of it, but now, we really know.
Donald Trump really did order the White House counsel to have Mueller fired….
Harris Ranch Beef Holding Co., California’s largest cattle-raising operation, is being sold.
The company’s 800-acre Central Valley feedlot, which can hold up to 250,000 cattle, and its slaughterhouse and processing facilities are being sold to Hanford-based Central Valley Meat Co. but will operate…
On the same day that she became a Pulitzer Prize finalist for her work bringing the Cambridge Analytica scandal to light, journalist Carole Cadwalladr took the stage at TED to “address you directly, the gods of Silicon Valley.”
Cadwalladr began her talk by recounting a trip she took after the Brexit referendum, back to her hometown in South Wales.
She recalled feeling “a weird sense of unreality” walking around a town filled with new infrastructure funded by the European Union, while being told by residents that the EU had done nothing for them. Similarly, she said they told her about the dangers of immigration, even though they lived in a town with “one of the lowest rates of immigration in the country.”
Cadwalladr said she began to understand where those sentiments were coming from after her story ran, and someone contacted her about seeing scary, misleading ads about Turkey and Turkish immigration on Facebook . Cadwalladr, however, couldn’t see those ads, because she wasn’t targeted, and Facebook offered no general archive of all ads that had run on the platform.
Eventually, Facebook began building that archive of ads. And the pro-Brexit campaign was found guilty of breaking British election laws by breaching campaign spending limits to fund campaigns on Facebook.
Meanwhile, Cadwalladr said her interest in these issues led her to Christopher Wylie, whose whistleblowing about Cambridge Analytica’s use of Facebook user data helped prompt broader scrutiny of the social network’s privacy practices.
Cadwalladr described Wylie as “extraordinarily brave,” particularly since Cambridge Analytica repeatedly threatened them with legal action. The final threat, she said, came a day before publication, and it came from Facebook itself.
“It said that if we published, they would sue us,” Cadwalladr said. “We did it anyway. Facebook, you were on the wrong side of history on that, and you are on the wrong side of history in this.”
The “this” in question is what she characterized as a failure by the social media platforms to fully reckon with the extent to which they’ve become tools for the spread of lies and misinformation. For example, she pointed to CEO Mark Zuckerberg’s refusal thus far to appear before parliaments around the world that have asked him to testify.
Calling out executives like Facebook’s Sheryl Sandberg, Alphabet/Google’s Larry Page and Sergey Brin and Twitter’s Jack Dorsey (who’s scheduled to take the stage tomorrow morning), Cadwalladr insisted that the stakes could not be higher.
“This technology you have invented has been amazing, but now it’s a crime scene, and you have the evidence,” she said. “It is not enough to say that you will do better in the future, because to have any hope of stopping this from happening again, we have to know the past.”
She went on to declare that the Brexit vote demonstrates that “liberal democracy is broken.”
“This is not democracy,” Cadwalladr said. “Spreading lies in darkness, paid for with illegal cash from God knows where — it’s subversion, and you are accessories to it.”
And for those of us who don’t run giant technology platforms, she added, “My question to everybody else is: Is this what we want? To let them get away with it, and to sit back and play with our phones as this darkness falls?”
The person to lead California utility giant PG&E Corp. out of the biggest utility bankruptcy in U.S. history may be Bill Johnson, the outgoing chief of the Tennessee Valley Authority, a federally operated utility.
Johnson is PG&E’s top pick for chief executive, people familiar with the situation…
A new survey shows that the cluster of companies working with cryptocurrencies and related technologies in the Swiss Crypto Valley has expanded, despite the onset of what has been dubbed as “crypto winter.” The valley now covers a larger territory in the Alpine confederation and has spilled over into neighboring Liechtenstein.
Also read: Xapo Transfers Key Operations to Switzerland
4 Unicorns With Presence in the Crypto Valley
The falling prices of digital assets in the past months have affected major crypto and blockchain companies with offices in Switzerland and Liechtenstein. The top 50 saw their valuation drop from $ 44 billion to $ 20 billion in the fourth quarter of 2018, according to a report produced by Zug-based investment company Crypto Valley Venture Capital (CVVC), PwC, Strategy&, and the Swiss IT consulting firm Inacta.
However, the number of businesses operating in the crypto space that have established presence in the region has increased by around 20 percent – from 629 to 750. That means over 120 new crypto entities have registered there in Q4 2018. The total includes some of the world’s most recognizable names in the industry, four of which are unicorn startups worth billions of dollars.
The authors of the study have estimated that the top 50 companies are valued at $ 400 million each, on average. When the five largest are taken out of the equation, the average figure is still $ 365 million, which indicates a low concentration. The research shows that there are four entities valued at over $ 1 billion – Bitmain, Cardano, Dfinity, and Ethereum. At the same time, the average valuation of all 750 companies has been estimated at $ 27 million.
3,300 People Employed in the Crypto Cluster
The 50 largest companies have around 480 people working in their offices in Switzerland and Liechtenstein, while the whole sector employs over 3,300 people. These and other numbers in the report indicate that the current situation is ‘business as usual’ for many entities, despite the drop in the market value of most cryptocurrencies.
The researchers have also found that the Crypto Valley is expanding geographically. While over half of the companies (51 percent) are based in Zug, other Swiss cantons are now home to the rest. According to the compiled data, 42 of these businesses are registered in Geneva and 39 in Ticino. Liechtenstein is another hotspot with 38 companies from the sector. CVVC maintains an online map that shows where the crypto startups are located.
A comparison with the numbers from the third quarter of 2018 shows that 15 companies have joined the top 50 during the last three months of the previous year. These are 4 Artechnologies, Boscoin, Hdac, Icon, Mt. Pelerin, Odem, Quant Network, Saga, Santiment, Sygnum, Token Pay Swiss, Nexo, WPP Energy, Utopiamusic, and Zulu Republic. Another 10 startups are candidates to do so in the future.
Switzerland and Liechtenstein, along with Malta, Gibraltar, Estonia, and the Isle of Man, are part of a group of European jurisdictions making efforts to create a crypto-friendly business environment. The expansion of the Swiss Crypto Valley has been facilitated by the country’s decentralized political system and strong traditions in providing financial privacy. Last month, the government in Bern adopted a comprehensive strategy for the development of the crypto sector.
Do you think the Swiss Crypto Valley has become the leading global hub for the crypto industry? Tell us in the comments section below.
Images courtesy of Shutterstock, CVVC.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Defying Crypto Winter, Swiss Crypto Valley Grows to 750 Companies appeared first on Bitcoin News.