SpaceX’s Falcon Heavy Rocket Passed a Major Flight Test Milestone

The Falcon Heavy, the most powerful rocket on Earth, is now one step closer to bringing humanity to the stars.

The post SpaceX’s Falcon Heavy Rocket Passed a Major Flight Test Milestone appeared first on Futurism.


Ripple, the Fourth-Largest Cryptocurrency, Just Passed a Major Milestone

Ripple Passed a Dollar

In the cryptocurrency game, it can seem as though Bitcoin rules all, but other cryptos are finding success as well. In the most recent news, the fourth-largest cryptocurrency just hit a major milestone — Ripple passed a dollar for the first time.

According to CoinMarketCap data, the price of Ripple’s XRP token peaked at $ 1.37 on Dec. 22, though it has since fallen to $ 1.16 at the time of this writing. This news is on the tail end of Ripple’s recent successes, both in rising almost 4,000 percent in value in its second quarter and in being added to the Bloomberg Terminal.

Crypto market capitalizations as of a few months ago. Image Credit: Wikimedia Commons.
Crypto market capitalizations as of a few months ago. Image Credit: Wikimedia Commons.

Rising above a dollar might not seem like a big deal, especially compared to Bitcoin’s current value (at the time of writing) of $ 15,140. But, while Bitcoin has had a remarkably meteoric year, the success of Ripple and its XRP token is both impressive and significant.

Crypto Progress

These most recent price increases seem to be driven specifically by markets in Asia, according to CoinDesk. Within the South Korean exchange Bithumb, trading volumes increased by nearly a whopping 25 percent in the 24 hours surrounding Ripple’s surge. Additionally, Bitfinex, a Hong Kong-based exchange, saw trading volumes grow more than 10 percent.

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Ripple’s recent achievement make it a more serious contender in the cryptocurrency market. It cruised right past litecoin in terms of market value, and it could continue to rise in value and popularity. Additionally, Ripple’s market cap stands at $ 41 billion, which is also a record high.

Ripple’s success is a success for all cryptocurrencies and the future of crypto. Initially, even heavyweight contenders like Bitcoin were, and sometimes still are, dismissed. But many who initially skeptical of Bitcoin are now seeing value in the cryptocurrency market and the true potential that it has not only to make money for investors, but to revolutionize transactions if, in the future, our finances run on a blockchain.

Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.

The post Ripple, the Fourth-Largest Cryptocurrency, Just Passed a Major Milestone appeared first on Futurism.


Honor X series sales hit 40 million milestone

Huawei sub brand Honor has announced that global sales of its X series of smartphones – consisting of devices from the Honor 4X to Honor 7X – has hit the 40 million milestone. The company also revealed some sales figures for the newly-launched Honor 7X smartphone. 30,000 units were sold within the first two hours of November 11 sale in China, and 20,000 units were sold out in one hour in each of the three flash sales in India. In London, sales in the first two weeks were double that of the Honor 6X, while in Russia, the number was triple, making Honor one of the top 3 brands in the… – Latest articles

Facebook’s Messenger Lite app hits the 100 million installs milestone

Many who’ve used Facebook’s main or messaging apps over the years will be acutely aware of how resource and data-hungry they can be. Messenger Lite was a welcome addition when it was released on the Play Store back in October 2016, as it promised to solve both of those issues. The only problem at the time was that it was only launched in emerging markets.

Facebook expanded the app’s reach to most of the globe, before eventually giving in and releasing it in the US and UK just a couple of months ago.

Read More

Facebook’s Messenger Lite app hits the 100 million installs milestone was written by the awesome team at Android Police.

Android Police – Android News, Apps, Games, Phones, Tablets reaches quarter billion speed tests milestone, adds sharing options, a service by Netflix, was launched last year as a way to quickly and easily check the download speed of your internet connection. Since then, the company has generated a quarter billion speed test results from around the world. According to some data, the top countries using the service are the U.S., Brazil, India, Japan, Canada, Mexico, Philippines, Italy, Great Britain and Egypt. Users are evenly split between the desktop and mobile web/apps. Users test speed around the day but particularly around evening time or during network connectivity issues. In Japan, people… – Latest articles

Women in tech see today’s Stitch Fix IPO as a milestone

Founder and CEO Katrina Lake is the first woman to take an internet company public this year.

On the day Stitch Fix publicly filed paperwork for its long-awaited IPO, Glossier CEO Emily Weiss had a simple message for the company’s 34-year-old founder and chief executive, Katrina Lake.

So too did Rent the Runway’s co-founder and CEO Jennifer Hyman.

The Stitch Fix and Katrina Lake success story — building a nearly $ 1 billion revenue business with profitability in less than six years — has impressed people all across the tech and retail worlds. But today’s IPO milestone has added meaning for some female founder-CEOs of internet companies who know first-hand the obstacles women still face in an industry dominated by male investors and CEOs.

“I want her to have a huge positive outcome because it does something really important for female entrepreneurs and, specifically, founder-CEOs,” Rent the Runway’s Hyman told Recode in an interview on Thursday. “I want her to have this success because we work in an industry where pattern recognition is still the name of game. So the more people like Katrina — and hopefully people like myself — who deliver results, the more other women are going to get opportunities.”

The Stitch Fix IPO is the first public offering this year of an internet company run by a woman. It also appears to mark the first time a female founder-CEO has taken a consumer internet company public since started trading on the New York Stock Exchange nearly four years ago.

“I admire Katrina not just because she is a female founder-CEO who has built a huge and impactful business in a very short amount of time, but also because she has done it in a very capital-efficient way,” Shan-Lyn Ma, the co-founder and CEO of the online wedding registry startup Zola, wrote in an email to Recode. “It shows us all that there is an alternative path to an IPO than the typical ‘burn money to buy growth’ path to IPO.”

That view was echoed by Eurie Kim, a partner at Forerunner Ventures, who was not an investor in Stitch Fix but who has followed the company closely.

“What’s most notable about the story is that Katrina only raised $ 42 million and was able to lead the business to profitability early, all the while growing revenues at record pace,” Kim said in an email. “That is a true success story that I think will certainly motivate founders, specifically female founders, to take the leap in bringing their ideas to life and be even more ambitious about the full potential that can be achieved with visionary leadership and disciplined execution.”

Lake founded Stitch Fix in 2011 with a new retail model of bringing a personalized shopping experience into the homes of women who didn’t have access to a wide range of fashion options near them or didn’t have the time to shop around. It resonated big-time and, today, the company has around two million active customers.

Stitch Fix’s early investors have also credited Lake with having the vision and capability to hire high-level talent into important roles early on. The company’s current management team includes top executives from Netflix, Walmart and Nike who all joined Stitch Fix back in either 2012 or 2013.

“[T]he thing that leads to really big home runs are the entrepreneurs that have the audacity and capability to go recruit high to build a team,” Bill Gurley, the Benchmark venture capitalist who sits on Stitch Fix’s board of directors, told Recode in 2015. “You’ll hear entrepreneurs say they want to hire people who are smarter than they are, but some of them are intimidated and some of them just can’t close.”

The path forward as a public company will come with more obstacles, though. Stitch Fix priced its IPO at $ 15 a share on Thursday night, well below its target of $ 18 to $ 20. It opened up trading on Friday at $ 16.90 a share, giving it a market value of $ 1.6 billion.

Potential public-market investors reportedly had questions about the company’s decelerating growth and why it needs to employ so many stylists if its algorithms are supposed to be a styling differentiator.

“I think there’s always a learning process that public markets and investors will have,” Hyman said on Thursday, before the IPO price was set. “But I hope that the Stitch Fix story, wherever it starts on Day Zero, continues to go up to the right over the next 18 months as she educates the market and they see how great a business she has built.”

Recode – All

Oculus Go is VR’s biggest milestone, and its greatest compromise

It’s easy to dismiss Oculus Go. Not unlike Gear VR or Daydream, Go offers the world yet another headset that’s stripped of everything that makes VR so promising. It’s not attention grabbing, certainly isn’t sexy, and it doesn’t offer anything others don’t, at least not experience-wise. Anyone that’s tried a smartphone-based VR experience can tell you, it’s pretty damn cool… for about 10 minutes. But stripping the mid-level headset of its leash, a smartphone, is a huge step forward for Oculus, and the VR industry as a whole. While enthusiasts dream about 4k resolution (in each eye), and processing power that…

This story continues at The Next Web
The Next Web

Sky and Space Global hits new nano-satellites milestone

Sky and Space Global hits new nano-satellites milestone

Nano-satellite specialist Sky and Space Global has achieved a major milestone in proving that nano-satellites can power mobile communications.

This is another step towards the company’s ambition to open up access to communications networks for remote locations and emerging markets.

In some parts of the world, getting access to communications services like mobile phone calls, messaging and image exchange is really difficult. Actually, it can be nigh-on impossible. But providing infrastructure by conventional means is too complex and expensive in some areas – and the resulting cost of access would be way beyond the budgets of potential users of the service.

Yet it’s exactly those emerging markets and remote locations that are tricky to serve that could benefit the most from access to communications services. So instead of using conventional means, Sky and Space Global has a plan to deliver communications services through satellites.

The company has a single, clearly articulated aim: to provide affordable communication services to anyone, anywhere, anytime.

Read more: Nano-satellites launch a success for Sky and Space Global

Building the grid

The first step in achieving this ambition was the launch of three nano-satellites that Sky and Space global calls the ‘3 Diamonds‘ in June this year. By 2020, the company hopes to have as many as 200 satellites in equatorial orbit.

The great benefit of using satellites to enable communications is that they are less expensive than more conventional means. Nano-satellites are cheaper to produce than conventional communications infrastructure, and less expensive to run over the longer term too.

Having got three satellites into orbit is one thing. Proving that the system works is quite another. This was the next major milestone for Sky and Space Global – and it has been met.

The first ever phone call, instant message, voice recording and image transfer facilitated by nano-satellites has been achieved thanks to the 3 Diamonds. This proves that the system works, and should be a step on the way to demonstrating to telecommunications providers that the idea is viable.

Read more: SpaceX launches 12th resupply mission to International Space Station

Customers on board

A solid proof of concept is a positive, but customers and investment are needed to keep Sky and Space Global on track to realize its ambitions.

The company has already pre-sold the satellite communications bandwidth capacity to be provided by the first 3 satellites to Sat-Space Africa and GlobalSat Group in Latin America, and recently attracted more than $ 10m of investment. So, perhaps we are looking at the start of a communications revolution.

The post Sky and Space Global hits new nano-satellites milestone appeared first on Internet of Business.

Internet of Business

Tesla fans reach a symbolic long-distance EV driving milestone

There's been a relentless quest to set electric car driving records in 2017, and a team of Italians just managed to smash a couple of those records in style. Tesla Owners Club Italia drove their Model S P100D 1,078km (669.8 miles) on one charge, set…
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