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Desperate to Stop Waymo's Dead-End Detours, a San Francisco Resident Tried an Orange Cone with a Sign

3 months 2 weeks ago
"This is an attempt to stop Waymo cars from driving into the dead end," complains a home-made sign in San Francisco, "where they are forced to reverse and adversely affect the lives of the residents." On an orange traffic post, the home-made sign declares "NO WAYMO — 8:00 p.m. to 8:00 a.m," with an explanation for the rest of the neighborhood. "Waymo comes at all hours of the night and up to 7 times per hour with flashing lights and screaming reverse sounds, waking people up and destroying the quality of life." SFGate reports that 1,400 people on Reddit upvoted a photo of the sign's text: It delves into the bureaucratic mess — multiple requests to Waymo, conversations with engineers, and 311 [municipal services] tickets, which had all apparently gone ignored — before finally providing instructions for human drivers. "Please move [the cones] back after you have entered so we can continue to try to block the Waymo cars from entering and disrupting the lives of residents." This isn't the first time Waymo's autonomous vehicles have disrupted San Francisco residents' peace. Last year, a fleet of the robotaxis created another sleepless fiasco in the city's SoMa neighborhood, honking at each other for hours throughout the night for two and a half weeks. Other on Reddit shared the concern. "I live at an dead end street in Noe Valley, and these Waymos always stuck there," another commenter posted. "It's been bad for more than a year," agreed another comment. "People on the Internet think you're just a hater but it's a real issue with Waymos." On Thursday "the sign remained at the corner of Lake Street and Second Avenue," notes SFGate. And yet "something appeared to have shifted. "Waymo vehicles weren't allowing drop-offs or pickups on the street, though whether this was due to the home-printed plea, the cone blockage, or simply updating routes remains unclear."

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EditorDavid

Sony Applies to Establish National Crypto Bank, Issue Stablecoin for US Dollar

3 months 2 weeks ago
An anonymous reader shared this report from Cryptonews: Sony has taken Wall Street by surprise after its banking division, Sony Bank, filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish a national crypto bank under its subsidiary "Connectia Trust." The move positions the Japanese tech giant to become one of the first major global corporations to issue a U.S. dollar-backed stablecoin through a federally regulated institution. The application outlines plans to issue a U.S. dollar-pegged stablecoin, maintain the reserve assets backing it, and provide digital asset custody and management services. The filing places Sony alongside an elite list of firms, including Coinbase, Circle, Paxos, Stripe, and Ripple, currently awaiting OCC approval to operate as national digital banks. If approved, Sony would become the first major global technology company to receive a U.S. bank charter specifically tied to stablecoin issuance.... The Office of the Comptroller of the Currency "has received over 15 applications from fintech and crypto entities seeking trust charters," according to the article, calling it "a sign of renewed regulatory openness" under the office's new chief, a former blockchain executive. Meanwhile, the United States has also "conditionally given the nod to a new cryptocurrency-focused national bank launched by California tech billionaire Palmer Luckey," reports SFGate: To bring the bank to life, Luckey joined forces with JoeLonsdale, co-founder of Palantir and venture firm 8VC, and financial backer and fellow Palantir co-founder Peter Thiel, according to the Financial Times. Luckey conceived the idea for Erebor following the collapse of the Silicon Valley Bank in 2023, the Financial Times reported. The bank's name draws inspiration from J.R.R. Tolkien's "The Hobbit," referring to another name for the Lonely Mountain in the novel... The OCC said it applied the "same rigorous review and standards" used in all charter applications. The ["preliminary"] approval was granted in just four months; however, compliance and security checks are expected to take several more months before the new bank can open. "I am committed to a dynamic and diverse federal banking system," America's Comptroller of the Currency said Wednesday, "and our decision today is a first but important step in living up to that commitment." "Permissible digital asset activities, like any other legally permissible banking activity, have a place in the federal banking system if conducted in a safe and sound manner. The OCC will continue to provide a path for innovative approaches to financial services to ensure a strong, diverse financial system that remains relevant over time."

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EditorDavid