The once multi-billionaire CEO who led a crypto-tech company born out of a bra-maker has quietly stepped down
- The chief executive of a crypto tech company born out of a reverse takeover of a fitness clothing firm is out, according to a company filing.
- Michael Poutre, the former chief executive of The Crypto Company, resigned from the firm on May 14.
- The Crypto Company made headlines during the crypto boom at the end of 2017, which saw bitcoin soar close to $20,000 a coin and The Crypto Company's stock appreciate by as much as 1,600%.
- On paper, Poutre - who owned a fifth of the firm's shares - became a multi-billionaire at the peak, according to a report by The Wall Street Journal.
- Shares in the Crypto Company, which trade in OTC markets, were up 111% on Wednesday afternoon.
- The Crypto Company, which was developing technologies relating to crypto market structure, was born out of a reverse takeover of Croe Inc. Croe, a fitness clothing company, was developing a new type of sports bra.
More people are using Starbucks' mobile payment service than Apple Pay, Google Pay, or Samsung Pay
- Mobile payments have been on the rise in the years since companies like Apple, Google, and Samsung started implementing the technology into consumer smartphones.
- More than a fourth of US smartphone owners above the age of 13 will be making in-store purchases using their phones at least twice this year, according to eMarketer data.
- As this chart from Statista shows, there are more consumers using the Starbucks app to make payments than consumers using Apple Pay, Google Pay, or Samsung Pay. Apple Pay is currently accepted by more than half of US merchants according to the eMarketer data, and Samsung Pay is the most widely accepted of the four companies in the chart.
- Although it can be argued that the Starbucks app was available before Apple, Google, or Samsung launched their services — and that there's probably overlap considering the Starbucks app is available for both Apple and Android — the app's use rates are an impressive feat considering its single-merchant usage.
The White House lawn has a growing sinkhole — here's what happens when one swallows up an entire house
- A sinkhole is growing on the White House grounds.
- It's no more than a few feet wide, but other sinkholes in or around Washington, DC, have swallowed cars or forced home evacuations in recent years.
- Sinkhole size ranges from just a few feet in diameter to hundreds of acres large, according to the USGS.
- If your home gets damaged or swallowed by a sinkhole, you could file a claim using sinkhole insurance.
- Basic homeowner's insurance policies in Florida used to include sinkhole coverage, but a 2011 law allowed insurers to opt out in order to bring down coverages costs.
- An average of 17 Floridians file claims for sinkhole damage every day, according to independent insurance agency TrustedChoice.com.
- The average sinkhole insurance claim in Florida is more than $140,000, while the yearly cost ranges from $2,000 to $4,000.
These are the victims of the Santa Fe High School shooting
- There was a newly minted 17-year-old ready to celebrate with friends the following day, a daredevil who was up for any thrill and a Pakistani exchange student who was building bridges between her host and native countries when her father was disabused of the notion that her life would be safe in America.
- She was a member of the Anchor Bible Baptist Church in Pharr, Texas, Tisdale's brother-in-law, John Tisdale, said in a Facebook post Friday night.
- US Secretary of State Mike Pompeo said Sabika was "helping to build ties" between the United States and her native country and offered his condolences to her family and friends.
- Chris Stone, a 17-year-old junior at Sante Fe High School, was killed in the shooting, sister Mercedez Stone said.
- Christian Riley Garcia was a 15-year-old fan of country artist Toby Keith and his music, Pastor Keenan Smith with Crosby Church told CNN affiliate KTRK-TV.
Hundreds of USC professors are demanding the university's president resign amid mounting sexual misconduct scandal involving a school gynecologist
- Two hundred professors at The University of Southern California (USC) demanded the resignation of the school's president, C.L. Max Nikias, Tuesday in the face a mounting sexual misconduct scandal, The Los Angeles Times reported.
- A day before, six women filed civil lawsuits alleging that a longtime student-health clinic gynecologist, Dr. George Tyndall, sexually abused them during medical examinations, and that he remained employed at the school for decades even though USC was alerted to the claims.
- A 2017 internal university investigation determined Tyndall's "pelvic exams were outside the scope of current medical practice and amounted to sexual harassment of student," according to The Times.
- We "write to express our outrage and disappointment over the mounting evidence of President Nikias; failure to protect our students, our staff, and our colleagues from repeated an pervasive sexual harassment and misconduct," the professors said in a letter to The Board of Trustees.
Milwaukee police to release video of NBA rookie's tasing and arrest
- Now the city's mayor says he is concerned about soon-to-be-released police body camera video of the encounter.
- According to a police report obtained by CNN affiliate WISN, Brown was aggressive when a police officer questioned him in a Walgreens parking lot and then resisted arrest.
- Four months later, Milwaukee police are bracing for a possible backlash from the expected release of body camera footage of the encounter with Brown, then 22, early on January 26.
- Brunson did not identify the video to which he was referring, WITI reported, and Milwaukee police have not commented about the body camera footage of Brown's arrest.
- According to the police report, the arresting officer wrote that he was conducting a business check at a Walgreens around 2 a.m. when he saw a vehicle illegally parked horizontally across two handicapped parking spaces.
- Brown was not criminally charged after police authorities reviewed reports and body camera footage, the department said.
Amazon asked to stop selling facial recognition technology to police
- Through the Freedom of Information Act, the ACLU obtained emails between Amazon employees and local law enforcement about the facial recognition technology and its usage.
- In email correspondence between Amazon and one customer, the Washington County Sheriff's Office in Oregon, the department said it has roughly 300,000 images uploaded to Rekognition, most of which were from security cameras or pictures provided by citizens.
- The Washington County Sheriff's office said it was using Rekognition to search and identify unknown theft suspects, unconscious or deceased individuals, people of interest who don't have identification, and leads for possible witnesses and accomplices, according to an email obtained by the ACLU.
- Amazon's promotional materials previously recommended law enforcement use Rekognition to identify people in police body camera footage, the ACLU said in a post.
11 additional cases of suspected Ebola in Congo
- Ebola virus disease, which most commonly affects people and nonhuman primates such as monkeys, gorillas and chimpanzees, is caused by one of five Ebola viruses.
- Sickness is occurring in the Bikoro health zone, 400 kilometers (about 250 miles) from Mbandaka, the capital of Equator province.
- The World Health Organization reported Thursday that 27 total cases of fever with hemorrhagic symptoms were recorded in the Bikoro region between April 4 and May 5, including 17 deaths.
- Of these total cases, two tested positive for Ebola virus disease, according to the WHO.
- West Africa experienced the largest recorded outbreak of Ebola over a two-year period beginning in March 2014; a total of 28,616 confirmed, probable and suspected cases were reported in Guinea, Liberia and Sierra Leone, with 11,310 deaths, according to the WHO.
16 mind-blowing job perks that real companies offer
- But some companies truly go above and beyond for their employees, offering perks that include valet parking, insurance for their pets, and money to travel the world.
- A irbnb gives its employees an annual stipend of $2,000 to travel ($500 per quarter) and stay in an Airbnb listing anywhere in the world, according to Business Insider.
- The social media giant reportedly offers valet parking for employees at its Menlo Park headquarters, according to Business Insider, along with a free charging station for electric cars.
- Reebok offers its employees CrossFit classes and access to a full on-site gym, Business Insider reported.
- The social media giant is well-known for certain benefits including its catered meals, on-site yoga and pilates classes, and laundry and dry cleaning services, as Business Insider reported.
- But Twitter employees also have access to unique perks including on-site acupuncture and improv classes, according to Harvard Business Review.
Mueller Asked About Money Flows to Israeli Social-Media Firm, Source Says
- Special Counsel Robert Mueller’s team has asked about flows of money into the Cyprus bank account of a company that specialized in social-media manipulation and whose founder reportedly met with Donald Trump Jr. in August 2016, according to a person familiar with the investigation.
- Those services included infiltrating target audiences with elaborately crafted social-media personas and spreading misleading information through websites meant to mimic news portals, according to interviews and PSY Group documents seen by Bloomberg News.
- Following Trump’s victory, PSY Group formed an alliance with Cambridge Analytica, the Trump campaign’s primary social-media consultants, to try to win U.S. government work, according to documents obtained by Bloomberg News.
- The Trump Tower meeting in August 2016 included Zamel, the PSY Group founder, and George Nader, an adviser to the ruling families of Saudi Arabia and the United Arab Emirates, according to the New York Times report.