Economics/Class Relations

Russia is scared of using its own jets

January 10, 2023
Hello, Insiders. This week, I’m looking into the state of crypto. And as if on cue, yesterday, one of the first banks to dive into crypto is exiting the business. The reason? “Recent developments.”

 

It’s not hard to guess what they’re referencing. There’s the epic downfall of FTX’s Sam Bankman-Fried, who went from crypto billionaire to arrested and charged with fraud. Crypto giant DCG is now under investigation. Silvergate crashed after customers pulled out $8 billion in funds.

 

As I see it, there are two main promises of crypto. One is a technological revolution. The other is that the price will go up as normal people and their institutions buy in. But will the “recent developments” keep the latter from happening? Our markets team is covering this — download our app to get their updates. But first, today’s stories.

 

— Nicholas Carlson

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The latest
  • House Republicans moved to kill ethics investigations — and George Santos said it was “fantastic.” Read the full story.
  • There’s a difference between the classified documents found in Biden’s old office and the ones at Mar-a-Lago, per a national security expert. Read more.
  • The four slain Idaho students had no prior connection to the stabbing suspect, an attorney said: “No one knew of this guy at all.” More here.
The big story
Tyler Le/Insider
A scientist was irked by the phrase “hella” big — so he created two new units of measurement.

 

What the hell is a hellabyte? That’s what Richard Brown wanted to know. Back in 2017, he heard the word in the BBC podcast “More or Less.” Hellabyte, the host explained, was a new word meaning a whole lot of data. Brontobyte was another idea gaining popular acceptance.

 

Both made Brown “hella” mad — because they didn’t follow the rules of the metric system, the official standard for demarcating the universe into manageable, studyable chunks.

 

You see, Brown’s the head of metrology — the science of measuring things — at the United Kingdom’s National Physical Laboratory. And so, spurred by the podcast, he decided to come up with some prefixes of his own: ronna and quetta.

 

Now, scientists have simpler, easier-to-use names for stuff that’s super big or small.

 

This is nothing short of a new way to frame the universe, senior correspondent Adam Rogers reports. These new scientific prefixes let us recalibrate our imagination to match the scale of the cosmos.

READ THE FULL STORY HERE
 

Top reads

NICHOLAS KAMM/AFP via Getty Images
  • Salesforce CEO Marc Benioff bemoaned leaks… during a leak. After informing employees of plans to cut 10% of the workforce, Benioff used a meeting meant to discuss the layoffs to complain about leaks and defend his statement that new employees are less productive. More here.
  • Russia is holding back its most advanced fighter jets. Russia’s most advanced jets have been limited to operating over Russian territory as it seeks to avoid “reputational damage” if they’re shot down over Ukraine, British intelligence said. More on the story.
  • 2023 will be the year of “the creator millionaire.” Entrepreneur and author Grant Sabatier said we’re entering a “golden age” — but a short-lived one. He told Insider why he expects digital content creators and people with online businesses to do particularly well. Find out more.
  • Elon Musk’s Guinness World Record. Musk lost more than $100 billion in 2022 — and with it his title of world’s richest person. In fact, his net worth dropped so much that he broke a world record for “largest loss of personal fortune in history.” Read more.
  • One woman’s off-the-grid Airbnb is going so well, she just quit her job. Hillary Flur bought a $15,000 property in Joshua Tree, California, in 2016. She spent about a year building it with her friend, and now rents it out for $725 to $1,250 a night. Read about her success story.
  • An “identity crisis” at Cheddar News. Burnout. Division. Attrition. Insider spoke to over a dozen current and former employees about turmoil at the seven-year-old news network, which has been rocked by a major shift in editorial strategy. Get the full story.
Take a look
Sonny Tumbelaka/Getty Images
BMW unveiled a wild concept car at CES in Las Vegas. It has color-changing panels, a dashboard that projects information onto the windshield, and different “facial expressions” you can program for the grille. You have to see it to believe it.
Watch this
Finding the best burger in London: Food Wars hosts Harry Kersh and Joe Avella traveled across the city on an important quest. Watch what happened.
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This edition was curated by Nicholas Carlson, and edited by Hallam Bullock, Lisa Ryan, Dave Smith, and Nathan Rennolds. Get in touch: insidertoday@insider.com.

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