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☆ The pilot seat could have caused a Boeing 787 to suddenly drop midair. It wouldn't be the first time a similarly bizarre event happened to a widebody aircraft.
▼ + stars: | 2024-03-15 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

A Latam Airlines Boeing 787 dropped midair Monday, injuring at least 50 people. If true, that would be reminiscent of when a military Airbus A330 suddenly nose-dived in 2014. A pilot-seat mishap sent a military Airbus A330 plummetingTen years ago, on February 9, 2014, a Royal Air Force Airbus A330 plummeted 4,400 feet in about 30 seconds. The Boeing 787 system involved has a fly-by-wire system, but instead of a side-stick, the planemaker has installed the traditional yoke. A Singapore Airlines Boeing 787 flight simulator shows the fly-by-wire system uses a yoke instead of the Airbus' side-stick.

Persons: —, Paul Crouch, RAF Brize, armrest, Taylor Rains Organizations: Latam Airlines Boeing, Airbus, Service, CNN, Street, Royal Air Force Airbus, British military's Voyager, RAF, RAF Brize Norton, UK's Military Aviation Authority, Military Aviation, Boeing, Singapore Airlines Boeing Locations: Sydney, Auckland , New Zealand, Kabul, Bastion, Afghanistan

☆ Voyager 1 briefly came back to life after a 'poke' from NASA, giving scientists hope for the 46-year-old probe
▼ + stars: | 2024-03-15 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +1 min

NASA engineers may have found a clever trick to bring Voyager 1 back from the brink. The probe, showing its age, has been sending back garbled data since November. Engineers sent a "poke" to the ancient probe and received a surprising response. Undeterred, NASA engineers have been working to rescue the data. A "poke" sent to Voyager 1's internal systems on March 3 may have brought it back from the brink, NASA announced on Wednesday.

Persons: — Organizations: Engineers, Service, NASA, Business

☆ Voyager 1 responds to ‘poke’ sent by NASA engineers
▼ + stars: | 2024-03-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

A new signal recently received from the spacecraft suggests that the NASA mission team may be making progress in its quest to understand what Voyager 1 is experiencing. Voyager 1’s flight data system collects information from the spacecraft’s science instruments and bundles it with engineering data that reflects the current health status of Voyager 1. But since November, Voyager 1’s flight data system has been stuck in a loop. On March 3, the team noticed that activity from one part of the flight data system stood out from the rest of the garbled data. The decoded signal included a readout of the entire flight data system’s memory, according to an update NASA shared.

Persons: ”, Suzanne Dodd Organizations: CNN — Engineers, NASA, Voyager, Network, CNN

☆ NASA’s Europa Clipper mission will carry a poem and millions of names to ocean moon
▼ + stars: | 2024-03-12 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —When NASA’s Europa Clipper aims to launch on its highly anticipated mission to an icy moon in October, the spacecraft will carry a unique design etched with names, poetry and artwork symbolizing humanity. This latest mission is headed to Jupiter’s moon Europa, one of several lunar ocean worlds considered to be the best places to search for life beyond Earth. NASA/JPL-CaltechA planetary legacyEarly NASA probes such as Pioneer 10 and Voyager have continued to inspire the artwork that travels aboard other planetary science missions. “The content and design of Europa Clipper’s vault plate are swimming with meaning,” said Lori Glaze, director of NASA’s Planetary Science Division, in a statement. “We’ve packed a lot of thought and inspiration into this plate design, as we have into this mission itself,” said Robert Pappalardo, project scientist at JPL, in a statement.

Persons: Ada Limón, Ron Greeley, Drake, Frank Drake, ”, Lori Glaze, Robert Pappalardo, “ It’s Organizations: CNN, Clipper, Parker, Probe, National Oceanic, Atmospheric Administration, Jet Propulsion Laboratory, ”, US, Arizona State University, University of California, NASA, JPL, Caltech, Planetary Science, Europa Clipper Locations: Pasadena , California, Europa, University of California Santa Cruz

☆ Climate and infrastructure startups are leaning into modularity — and investors are paying attention
▼ + stars: | 2024-03-11 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +5 min

The lines between climate tech and infrastructure startups have become increasingly blurred. Investments in infrastructure startups over time. Permitting remains a massive roadblock for climate projects and modularity can be one way to "get around some of those hurdles," added Ben Wolkon, partner at MUUS Climate Partners. Modular tech can also be distributed and containerized, with some startups hoping to roll out with partners on-site. It's not just industrial startups that are going modular and distributed — it encompasses carbon capture, water filtration, food systems, and energy, said Regeneration.VC's Hoffman.

Persons: Katie Hoffman, Mike Schroepfer, Seonghoon Woo, Tim Boeltken, Sierra Peterson, Ben Wolkon, It's, Regeneration.VC's Hoffman Organizations: Business, Venture, Investments, Facebook, Gigascale, MUUS Climate Partners Locations: Paris, New York

☆ What happened to the extra copies of the Voyager mission's golden records
▼ + stars: | 2024-03-09 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Elon Musk posted on X that he has a Voyager golden record. Two golden records went to space on the twin Voyager spacecraft. AdvertisementBut his post had me wondering: Who has the original golden records? When I started looking into the golden records, I noticed conflicting numbers for how many originals were created. While the golden records on the Voyager spacecraft are expected to last over a billion years, Lomberg said the probes will probably crash on another planet or star eventually.

Persons: Elon Musk, —, Musk, Carter, U.N, General Waldheim, Carter couldn't, Jon Lomberg, Lomberg, Carl Sagan, wasn't, Sagan, Calla Cofield, Cofield Organizations: NASA, Service, SpaceX, Jet Propulsion Laboratory, JPL, Propulsion Laboratory, Space Center Kennedy Space Center Glenn Research Center Langley Research Center Goddard Space Flight, National Air & Space Museum, Smithsonian The, United Nations, Langley Research Center, Sotheby's

☆ The Voyager spacecraft will probably last a billion years, says a scientist on the mission for nearly five decades
▼ + stars: | 2024-03-06 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

Cummings started working on the Voyager mission when he was a graduate student at Caltech in 1973, about four years before the two spacecraft launched. Voyagers' enduranceThe Voyager mission has been gathering groundbreaking data and photos since the beginning. Before Voyager, Cummings was part of an experiment to measure cosmic rays using a balloon. "It was very fortunate for me," he said, because he was able to then join the Voyager mission. NASA/JPL-CaltechIn 2012, Voyager 1 became the first human-made spacecraft to enter interstellar space and Voyager 2 followed six years later.

Persons: —, Alan Cummings, Cummings, Alan Cummings Voyagers, Saturn, Carl Sagan, Voyagers, they'll, JPL Cummings, There's Organizations: Service, Caltech, Business, Hubble, NASA, Engineers, JPL Locations: Manitoba, Canada, Russia

☆ Three new moons discovered orbiting Uranus and Neptune
▼ + stars: | 2024-02-28 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —Astronomers have discovered three previously unknown moons around Uranus and Neptune, the most distant planets in our solar system. In the future, the tiny satellite will be named after a Shakespearean character, in keeping with the tradition of Uranus’ moons bearing literary names. He worked with Marina Brozovic and Bob Jacobson of NASA’s Jet Propulsion Laboratory in Pasadena, California, to determine the moon’s orbit. The outer moons orbiting all the giant planets across our solar system — Jupiter, Saturn, Uranus and Neptune — share similar configurations. “Even Uranus, which is tipped on its side, has a similar moon population to the other giant planets orbiting our Sun,” Sheppard said.

Persons: ”, Scott S, Sheppard, Marina Brozovic, Bob Jacobson, Scott Sheppard, David Tholen, Chad Trujillo, Patryk Sofia Lykawka, ” Sheppard, Neptune Organizations: CNN —, Carnegie Institution for Science, Planet, NASA’s Jet Propulsion Laboratory, Carnegie Science, Subaru, University of Hawaii, Northern Arizona University, Kindai University Locations: Chile, Pasadena , California, Kea, Japan, Neptune

☆ 45 years ago, NASA's Voyager spacecraft flew past Jupiter. See how the iconic video compares to photos of the planet today.
▼ + stars: | 2024-02-24 | by ( Morgan Mcfall-Johnsen | Ellyn Lapointe | ) www.businessinsider.com time to read: +4 min

Read previewVoyager was one of NASA's most ambitious missions, and Jupiter is arguably our solar system's most beautiful planet. Jupiter as seen by Voyager 1 (left) is far less detailed than this enhanced imaged of Jupiter captured by Juno. NASA / JPL; NASA/JPL-Caltech/SwRI/MSSS/Rita Najm © (CC BY)The planet's iconic Great Red Spot is an anticyclone large enough to swallow Earth. Juno captured this close-up of Jupiter's Great Red Spot (right) in sharper detail than Voyager 1 did (left). Jupiter's reddish-orange South Temperate Belt, with the Great Red Spot, the most dominant atmospheric feature in the planet's southern hemisphere.

Persons: —, Bradford Smith, NASA Voyager, Tanya Oleksuik, Rita Najm, Gerald Eichstädt, Seán Doran Juno, Alain Mirón Velázquez, Kevin M, Gill, Navaneeth Krishnan Organizations: Service, NASA, Business, JPL, Juno, Caltech, Space Locations: Jupiter

☆ How antimatter engines could fly humans to other stars in just a few years
▼ + stars: | 2024-02-22 | by ( Adam Barnes | ) www.businessinsider.com time to read: +8 min

AdvertisementInterstellar travel is only something humanity has achieved in science fiction — like Star Trek's USS Enterprise, which used antimatter engines to travel across star systems. "Annihilation of antimatter and matter converts mass directly into energy," Weed, cofounder and CEO of Positron Dynamics, a company working to develop an antimatter propulsion system, told Business Insider. Space travel at record speedProxima's star system, shown here, could be reached in just five years with antimatter-powered technology. For example, let's take a trip to our nearest star system, Proxima, about 4.2 light years away. And since the '80s, there's been talk of thermal antimatter engines, which would use antimatter to heat liquid, gas, or plasma to provide thrust.

Persons: Elon Musk, Ryan Weed, Weed, Brice, Maximilien, Gerald Jackson, Forbes, It's, Jackson, he's, Eugen Sänger, there's, Paul M, Sutter, Steve Howe, Howe Organizations: Enterprise, Dynamics, Southern, NASA, CERN, Fermilab, Hbar Technologies, Space, Alpha Locations: Switzerland, Austrian

☆ Jobs and geopolitical threats will keep climate tech in spotlight even if Biden is voted out, insiders say
▼ + stars: | 2024-02-08 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +6 min

Read previewPresident Biden has won quite a few fans in the climate tech sector during this time in office. Legislation, including the IRA, the Bipartisan Infrastructure Law, and the CHIPS and Science Act, has unlocked enormous amounts of capital that bolsters climate tech innovation and adoption. The Swiss company would have expanded Stateside eventually, but such policies helped it pick up pace, said Andrew Fishbein, Climeworks' senior policy manager in the US. For example, Regeneration VC doesn't factor subsidies into its investment decisions or portfolio companies' financial projections. Advertisement"Who knows, maybe 2024 is going to be a banner year for climate tech," he said.

Persons: —, Biden, Sierra Peterson, Anna, Alexia Basile, Katie Hoffman, Hoffman, Climeworks, Andrew Fishbein, We're, Kevin Stevens, Trump, VC's Hoffman, Energize Capital's Stevens, Ben Wolkon Organizations: Service, Business, Voyager Ventures, Infrastructure Law, Regeneration, Battery, Trump, Future, Department of Energy, Energize Capital, MUUS Climate Partners Locations: Paris, Nevada , Arizona, Louisiana, North Dakota, California, Swiss, Washington

☆ Voyager Ventures backs climate tech startups. It just raised its second $100 million fund.
▼ + stars: | 2024-02-07 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Read previewClimate tech VC firm Voyager Ventures has raised another fund hot on the heels of its first, bringing its assets under management to $200 million. The new fund can invest alongside or after Voyager Fund I and independently where it has developed competitive access. AdvertisementThe fund hit final close in May 2023, which was previously undisclosed, just 15 months after closing its first fund. It is also eyeing the second edition of the earlier-stage Voyager Fund, which Peterson and Sclarsic will start raising this year. Voyager Ventures currently has 19 portfolio companies across the two funds.

Persons: —, Sierra Peterson, Sarah Sclarsic, Peterson, Sclarsic Organizations: Service, Voyager Ventures, Business, Voyager, Northwestern University, Novo Holdings Locations: San Francisco and New York, North America, Europe

☆ Saturn’s ‘Death Star’ moon is hiding an internal ocean, scientists say
▼ + stars: | 2024-02-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —Astronomers have uncovered additional evidence that one of Saturn’s smallest moons, Mimas, is hiding a global ocean beneath its icy surface. Discovered in 1789 by English astronomer William Herschel as a tiny dot near Saturn, Mimas was first imaged from space by the Voyager probes in 1980. Craters cover the surface of Mimas, but the largest one is 80 miles (about 130 kilometers) across and causes the moon to resemble the Death Star from the “Star Wars” films. But Saturn’s Enceladus appears younger because active geysers have contributed to resurfacing, or depositing of new, fresh material on that moon’s surface. “Mimas certainly demonstrates that moons with old surfaces can be hiding young oceans, which is pretty exciting,” Rhoden said.

Persons: Mimas, Cassini, William Herschel, Observatoire, Dr, Valéry Lainey, Lainey, ”, Nick Cooper, Saturn, ” Lainey, “, Triton, Frédéric, ” Cooper, “ Lainey, Matija Ćuk, Alyssa Rose Rhoden, Rhoden Organizations: CNN —, Saturn, Voyager, “, Physical, Chemical Sciences, Queen Mary University of London, NASA, Clipper, SETI Institute, Southwest Research Locations: Paris, California, Colorado

☆ ‘Save the Whales’ was a shining success. Now can humpbacks save us from ourselves?
▼ + stars: | 2024-02-04 | by ( Bill Weir | ) edition.cnn.com time to read: +15 min

Antarctic Peninsula CNN —About 15 billion miles from where you sit, two 12-inch golden records are hurtling through outer space with multilingual greetings to the universe from 55 humans and one humpback whale. WWF's Johnson said the whales are not harmed by this -- to the whales, the dart feels like "a mosquito bite." It feels like “a mosquito bite” to the whales, Johnson said, but what they can test for is priceless: from stress hormones to toxins to — most importantly — pregnancy rates. Ten million copies were inserted into National Geographic magazine in 1979 — the largest single pressing in history — and a global movement to Save The Whales grew big enough to … save the whales. Seth Wenig/AP“I don’t think a wind turbine can kill a whale,” Friedlaender told CNN.

Persons: Anderson Cooper, Carl Sagan, ” Sagan, could’ve, “, Ari Friedlaender, Friedlaender, ”, Chris Johnson, ” Eva Prendergast, WWF's Johnson, Evelio Contreras, Bill Weir, Johnson, ” Friedlaender, Shepherd, WWF’s Johnson, Roger, Katy Payne, David Keyton, Frank Watlington, cetologist Scott McVay, Donald Trump, ” Trump, Seth Wenig, that’s, Biden, ” Johnson, Twain, CNN “, ” Brenda McCowan, Fred Sharpe, ” McCowan, ’ ” Sharpe, Natalia Botero, Acosta, ’, Maria Camila Medina Martínez, Julian Quinones, ” Carl Sagan Organizations: Antarctic Peninsula CNN, “, ” CNN CNN, University of California, International Monetary Fund, World Wildlife Fund, Ocean Endeavor, CNN, UC Santa Cruz, Shepherd Global, Norwegian Aker, United Nations, Geographic, Whales, International Whaling Commission, Atlantic, Republican, Templeton Foundation, Whale SETI, UC Davis Locations: Santa Cruz, Colombia, British, Antarctica, Norwegian, Southern, Orkney, Bermuda, Japan, Norway, Iceland, Atlantic, South Carolina, Lido Beach , New York, Davis, Alaska, Columbia, Colombian, Tribuga, United Nations, Palau, Chile, Maldives

☆ Starlab, meet Starship: Private space station buys SpaceX launch for later this decade
▼ + stars: | 2024-01-31 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

An artist's rendering of the Starlab space station in low Earth orbit. Private station Starlab will fly on a Starship rocket later this decade to get to orbit, the companies' developing both spacecraft announced on Wednesday. Starlab represents one of the earliest commercial customers to order a Starship launch from SpaceX. The station is one of several currently in development by U.S. companies, as NASA prepares to retire the International Space Station in 2030. The space station's four-year development and construction timeline also gives SpaceX time to move forward with Starship, advancing from demonstration flights to launching customer spacecraft.

Persons: Starlab, Hilton – Organizations: Voyager Space, Airbus, Northrop Grumman, SpaceX, NASA, Space Station, Voyager Locations: U.S

☆ Crypto fund creator Su Zhu said his 3 months in a Singaporean prison were 'really enjoyable' because he finally didn't have internet, caffeine, or alcohol
▼ + stars: | 2024-01-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewPrison is awesome, says disgraced crypto star Su Zhu. "You have an insane amount of time to read," Zhu said. AdvertisementAnother prison plus, Zhu said, is that the facility lights are shut off from 9:30 p.m. to 5:30 a.m., allowing for the "best sleep in my life." Since leaving prison, Zhu has been posting AI-generated photos of oxen and buffalo on X, in an attempt to promote a new crypto project called Ox.Fun.

Persons: —, Su Zhu, Zhu, Jack Reacher, Kyle Davies, Liquidators Organizations: Service, Arrows Capital, Business, Three Arrows, Voyager, The New York Times Locations: Singapore, Bali, Bahrain, Dubai, The

☆ Opinion: The actual hidden truth about UFOs
▼ + stars: | 2024-01-26 | by ( Peter Bergen | ) edition.cnn.com time to read: +11 min

CNN —A former Pentagon official — driven, he says, by his duty to the truth — goes public with an explosive allegation. Facing a scrum of TV cameras and members of Congress, this official claims that the US government has been keeping crashed alien spaceships under wraps for decades. Crashed alien spacecraft and dead extraterrestrials, right there in the Congressional Record. Because, for decades, UFO true believers have been telling us there’s a US government conspiracy to hide evidence of aliens. But — if you believe Kirkpatrick — the more mundane truth is that these stories are being pumped up by a group of UFO true believers in and around government.

Persons: Peter Bergen, ”, Erik German, “, CNN —, David Grusch, he’d, Grusch, must’ve, Sean Kirkpatrick, Kirkpatrick, Tom Williams, ” Kirkpatrick, Naval Intelligence Scott Bray, Kevin Dietsch, It’s, you’ve, Harry Reid, Robert Bigelow, ’ ”, Sen, Chip Somodevilla, Reid, Bigelow, ” Reid, “ I’m, who’d Organizations: New, Arizona State University, Apple, Spotify, CNN, Pentagon, Air Force, SPAN, US Department of Defense, Defense, National Security, Foreign Affairs, Naval Intelligence, Intelligence, Capitol, Roswell Army Air Field, Army, Newspapers, Roswell, US Air Force, NASA Voyager, Walker, Roswell AAF, Reuters, Nevada Democrat, Bigelow Aerospace, US Defense Intelligence Agency, New York Times Locations: New America, Roswell, New Mexico, Florida, Nevada, Washington ,

☆ NASA hopes to get the Voyager spacecraft to their 50th anniversary with clever engineering and difficult choices
▼ + stars: | 2024-01-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

From close-up views of Jupiter to a stunning look a Saturn's rings , the Voyager probes have helped shape our understanding of the solar system. AdvertisementNASA's Voyager probes entered interstellar space in 2012 and 2018. It would take another 50 years for another vehicle to reach interstellar space, Dodd said. NASA tested and launched the Voyager probes in the 1970s. AdvertisementThe Voyager probes are carrying golden records that could communicate with aliens.

Persons: —, They've, Suzanne Dodd, Dodd, it's, Dodd isn't Organizations: NASA, Service, Voyager, JPL, Caltech, CalTech

☆ If you thought the planet Neptune was a deep blue color, turns out you're wrong
▼ + stars: | 2024-01-05 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Neptune, long believed to be dark blue, is actually very pale like Uranus, scientists say. Related storiesFor decades, famous images from NASA's Voyager 2 mission have circulated showing Neptune in a deep azure tone. Side-by-side comparison of the Voyager 2 images of Neptune and Uranus as reprocessed by scientists at the University of Oxford. Voyager 2's images of Uranus, from 1986, however, were published in a form closer to "true" color, he added. Neptune is just a touch bluer, which the researchers attribute to a thinner haze layer on the planet.

Persons: —, Patrick Irwin, Neptune, Irwin Organizations: NASA's, Service, University of Oxford, Oxford, NASA, JPL, Caltech, Handout, Reuters, Guardian, Hubble, Southern

☆ Celsius Network pivots to bitcoin mining after bankruptcy
▼ + stars: | 2023-11-21 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

[1/2] Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Nov 21 (Reuters) - Crypto lender Celsius Network has scaled back its post-bankruptcy business plans to focus only on bitcoin mining, citing U.S. regulators' skepticism of its other planned business lines. A U.S. bankruptcy court in Manhattan had approved Celsius' Chapter 11 plan on Nov. 9, clearing the company to return cryptocurrency to customers and create a new company owned by Celsius creditors. The SEC did not definitively say during Celsius' bankruptcy case whether the new company's business plans would violate U.S. law, but it reserved the right to make that determination later. Bitcoin mining was always meant to be the "core business" of the new company, Celsius said.

Persons: Dado Ruvic, BlockFi, Dietrich Knauth, Alexia Garamfalvi, Richard Chang Organizations: REUTERS, U.S . Securities & Exchange Commission, SEC, Arrington Capital, Bitcoin Corp, Voyager, Thomson Locations: U.S, Manhattan, New Jersey

☆ See inside Nvidia's giant 'Voyager' HQ — a futuristic office where work meets nature
▼ + stars: | 2023-11-19 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

US chipmaker Nvidia opened its "Voyager" office last year. Jason O'Rear / Gensler San FranciscoNamed "Voyager," the building was designed by the architectural firm Gensler – and yes, it was named after a "Star Trek" starship. Jason O'Rear / Gensler San FranciscoKo said his firm's research showed collaboration was most effective when teams operated in the same spaces. Jason O'Rear / Gensler San FranciscoEngineers at Nvidia had previously been siloed in traditional workstations, while other teams were stationed on different floors and even in different buildings. Jason O'Rear / Gensler San FranciscoThe "four-acre workspace" features parks and '"treehouses" for gatherings, while shading trellis lined with solar panels blends into the building's structure.

Persons: —, Jensen Huang, Huang, Jason O'Rear, Gensler –, Hao Ko, Ko, Francisco Ko, San, Santa Clara Organizations: Nvidia, Service, Harvard Business, Santa, San Francisco Engineers Locations: Santa Clara, Francisco, San Francisco

☆ Crypto lender Celsius Network cleared to exit bankruptcy
▼ + stars: | 2023-11-09 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Nov 9 (Reuters) - Crypto lender Celsius Network received U.S. bankruptcy court approval for a restructuring plan that will return cryptocurrency to customers and create a new company owned by Celsius creditors. Crypto lenders BlockFi and Voyager Digital were wiped out in bankruptcy, and cryptocurrency exchange FTX remains stuck in Chapter 11 proceedings. In addition to their stake in the new company, Celsius customers will receive a partial repayment of the cryptocurrency assets they deposited on the platform. Celsius had 600,000 customers who held about $4.4 billion in interest-bearing Celsius accounts when it filed for bankruptcy, according to court documents. The restructuring plan includes a settlement that values Celsius's proprietary crypto token, CEL, at 25 cents.

Persons: Dado Ruvic, Martin Glenn, Michael Arrington, BlockFi, Arrington, Alex Mashinsky, Mashinsky, Dietrich Knauth, Alexia Garamfalvi, Lisa Shumaker, Bill Berkrot Organizations: REUTERS, Bankruptcy, LLC, Arrington Capital, Voyager, Nasdaq, Thomson Locations: Manhattan, New Jersey, New York

☆ A timeline of Sam Bankman-Fried trial: Key moments leading up to FTX founder's conviction
▼ + stars: | 2023-11-03 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +5 min

Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Bankman-Fried debuts on the Forbes billionaires list, which estimates his net worth at $22.5 billion. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.

Persons: Sam Bankman, Fried, Amr Alfiky, Gary Wang, Larry David, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: United, REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York City, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California, New York

As token prices plummeted last year, the sector saw other stunning meltdowns that put several industry moguls into authorities' crosshairs. Changpeng "CZ" ZhaoThe U.S. Securities and Exchange Commission (SEC) sued Binance and its CEO Zhao in June for allegedly operating "a web of deception." Kwon faces multiple charges of fraud in the U.S. and was arrested in Montenegro earlier this year for allegedly forging documents, authorities said. He has pleaded not guilty to U.S. fraud charges that he misled customers and artificially inflated the value of his company's proprietary crypto token. Barry SilbertSilbert is the boss of crypto group Digital Currency Group whose subsidiary Genesis Global Capital filed for bankruptcy in January.

Persons: Zhao Changpeng, Binance, Costas Baltas, Sam Bankman, Fried, he's, Zhao, Kwon, Luna, Terraform, Alex Mashinsky, Mashinsky, Barry Silbert Silbert, Letitia James, Silbert, Stephen Ehrlich Stephen Ehrlich's, Ehrlich, Justin Sun, Sun, Niket Nishant, Hannah Lang, Michelle Price, Anil D'Silva Organizations: REUTERS, Rights, Zhao, U.S . Securities, Exchange Commission, SEC, U.S . Commodity Futures Trading Commission, Korean, Terraform Labs, Montenegrin, Mashinsky, CFTC, U.S . Federal Trade Commission, Digital Currency Group, Genesis Global Capital, New York, FTC, Tron Foundation, Thomson Locations: Athens, Greece, China, Canada, U.S, Montenegro, New York

☆ Canadian Auto Workers Walk Out on Stellantis
▼ + stars: | 2023-10-30 | by ( Vipal Monga | ) www.wsj.com time to read: 1 min

A Stellantis assembly plant in Windsor, Ontario, was already shut for retooling before the strike. Photo: REBECCA COOK/REUTERSTORONTO—Canadian auto workers went on strike against Stellantis NV after midnight Monday, when the two sides failed to reach an agreement. The walkout by about 8,200 members of Canada’s Unifor union will close five Stellantis plants in Canada. The immediate impact on the automaker’s production will be limited, however, because the company’s largest facility—an assembly plant in Windsor, Ontario, that makes the Chrysler Pacifica, Voyager and Grand Caravan minivans—had already been shut for retooling.

Persons: REBECCA COOK, Canada’s Organizations: retooling, REUTERS TORONTO —, Stellantis NV, Chrysler Pacifica Locations: Windsor , Ontario, Canada, retooling

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