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Archive for the ‘Miscellaneous Articles’ Category

Basis, backed with $133 million from top VCs to build a price-stable cryptocurrency, says it’s shutting down and returning the money

Earlier this year, we told you about a now 18-month-old, Hoboken, N.J.-based cryptocurrency startup working on a “stable coin” whose elastic supply would ostensibly expand and contract to keep its value at about a dollar instead of all over the map. The company’s big idea: to develop a new token that people would actually use, ...

Amazon adds toys to its growing list of private labels

Batteries. Clothing. Household goods. Supplements. Diapers. Furniture. Toys? Yes, toys. It seems Amazon’s private label business is preparing to enter the toy market next. The retailer’s initial toy listings include an indoor play set for toddlers, along with other toys for climbing and playing on, as well as a toy storage system. The listings were ...

They scaled YouTube. Now they’ll shard everyone with PlanetScale

When the former CTOs of YouTube, Facebook, and Dropbox seed fund a database startup, you know there’s something special going on under the hood. Jiten Vaidya and Sugu Sougoumarane saved YouTube from a scalability nightmare by inventing and open sourcing Vitess, a brilliant relational data storage system. But in the decade since working there, the pair ...