Tesla Recalls 130,000 Vehicles 🚗 Over Touchscreen Safety Issue

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Tesla Recalls 130,000 Vehicles 🚗 Over Touchscreen Safety Issue

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EV maker Tesla is recalling 129,960 vehicles in the United States over an issue with the touchscreen that could result in the device overheating or losing its image.

The current issue is considered a safety issue as the display provides a feed from the rear-view camera, along with settings linked to the car’s windshield defrosters.

It also shows if the car is in neutral, driving, or reverse mode. The automaker said it is not aware of any crashes, injuries, or deaths linked to the issue.

Earlier last week, the National Highway Traffic Safety Administration (NHTSA) published a notice on its website informing owners of the impacted vehicles, including certain Model S sedans and Model X SUVs from 2021 and 2022, along with some 2022 Model 3 and Model Y vehicles.

The good news for Tesla is that the issue can be resolved by an over-the-air (OTA) update, saving affected owners a trip to the dealer.

Apple to Discontinue ❌ Its Last iPod Model

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Tech giant Apple said it would discontinue production of the last iPod model it still sells, effectively bringing an end to the iconic product line that helped usher the company into a new era in the music industry.

The announcement ends an era of digital music that Apple kicked off when it first introduced the iPod in 2001, boasting of its ability to store up to 1,000 MP3 songs into an ultra-portable, 6.5-ounce design that fits in a pocket.

“Music has always been part of our core at Apple, and bringing it to hundreds of millions of users in the way iPod did impacted more than just the music industry — it also redefined how music is discovered, listened to, and shared,” said Greg Joswiak, Apple’s senior vice president of worldwide marketing, in a statement.

While Apple said it would discontinue the iPod device, it noted that customers can continue to buy the devices while supplies last.

The company added that customers can now listen to their favorite songs from a range of other Apple devices, including the iPhone, iPad, and Apple Watch.

Crypto Exchange Binance Suspends ⛔ LUNA And UST Withdrawals

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While the crypto market continues to face difficulties, the Binance crypto exchange made an interesting move by restricting LUNA and UST withdrawals within their platform, temporarily, citing high transaction volumes as the catalyst.

In an announcement, the crypto exchange platform said, “Binance will reopen withdrawals for these tokens once we deem the network to be stable and the volume of pending withdrawals has reduced. We will not notify users in a further announcement.”

The news also arrives amid high market volatility for Terra’s USD-pegged stablecoin UST, which plunged significantly against the dollar in the last few days.

Several Binance users globally have expressed their displeasure with this move, comparing it with the problems of past financial systems.

This decision serves to stop investors from exercising their right to sell their crypto assets in a volatile market and reminds Binance users that they are not in control of the digital currency they entrust to Binance at the end of the day.

Online Wholesale Marketplace Faire Nabs $416 Million in Series G Extension 💰

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Faire, an online wholesale marketplace that helps retailers connect to indie brands globally, has raised a $416 million extension to its Series G funding round.

The first tranche of the funding was co-led by Durable Capital Partners, D1 Capital Partners, and Dragoneer Investment Group.

In its first tranche, the company had raised $400 million in November last year. Since then, Faire raised an additional $196 million from Y Combinator and Sequoia, plus another $220 million from other existing investors, taking the total funding in the Series G to $816 million.

Founded in 2017, Faire is a two-sided marketplace and wholesale platform that helps retailers find and buy unique wholesale merchandise for their stores while helping brands and makers reach local retailers.

The U.S.-headquartered company offers business owners a toolkit of simple tech, data insights, financial terms, and logistics solutions to support the future of local retail.

Faire plans to use the fresh funds towards global expansion, hiring more talent, and product development, including work on a product that aims to be an operating system (OS) for wholesale.

Around the Web 🌐

Environmental Groups Call on the US Government to Take Action Against Crypto Miners: Some groups of national and local non-governmental organizations (NGOs) are calling on the U.S. government authorities to implement regulations in response to Proof-of-Work and other crypto mining operations. In a letter to the United States Office of Science and Technology Policy, the environmental groups have called for a series of policies to combat environmental degradation, noise pollution, and hogging renewable energy resources, among other issues.


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