ReportWire

Tag: Chain Reaction

  • More than 100 firefighters battle hazardous blaze at General Motors in Pasadena

    More than 100 firefighters and a hazardous materials team were working Wednesday night to combat a fire involving lithium ion batteries and prototype cars at General Motors’ design studio in Pasadena, authorities said.

    At one point, a firefighter was trapped in the structure amid the ferocious blaze and sent out a mayday call.

    The Pasadena Fire Department responded to the fire in the 600 block of Sierra Madre Villa Avenue at 5:50 p.m., according to department spokesperson Lisa Derderian. The incident was declared a four-alarm fire — signifying a catastrophic blaze that requires the mobilization of significant fire department resources — due to the scale of the structure and the hazardous materials involved.

    A firefighter is among dozens battling a fire Wednesday at the General Motors design studio in Pasadena.

    (Hon Wing Chiu / For The Times)

    “This is one of the largest structure fires we’ve had in Pasadena in many, many years,” Derderian said.

    Preliminary reports indicated that lithium ion batteries and concept cars burned inside the building; however, the incident remained active Wednesday evening, and the cause of the fire is under investigation, she said. Some of the burned cars appeared to be gasoline-powered vehicles.

    It took firefighters more than an hour to track down the source of the blaze as thick smoke engulfed the 149,000-square-foot campus. General Motors invested more than $71 million in 2021 to build the three-building facility as a new base for its Advanced Design Center.

    The blaze is challenging to combat as crews cannot use water to extinguish lithium ion battery fires. Doing so can cause a destabilizing chemical reaction, leading more batteries to catch fire or explode.

    “Firefighters on scene have trained in scenarios like this, but it does put a different twist on extinguishing fires,” Derderian said.

    Large lithium ion battery fires can take several hours or even days to render safe.

    Firefighters are seen at the General Motors design studio after a fire on Wednesday

    The fire burned lithium ion batteries and concept cars at the General Motors facility, officials said.

    (Hon Wing Chiu / For The Times)

    When one battery cell overheats, it can trigger a chain reaction where nearby cells also overheat. This reaction releases heat and toxic gases and can continue deep inside the battery pack long after visible flames are put out.

    There was a mayday call when a firefighter became trapped inside the fire-engulfed building Wednesday evening. But fire crews were able to locate him and pull him out of the structure without injuries.

    “He did not wish to be transported [to a hospital], but it was a very scary few minutes there until they determined that he was OK,” Derderian said.

    Fire crews are searching the entire campus to ensure there is no one else trapped inside, she said. Crews will remain on scene overnight as they continue to deal with the hazardous materials involved in the blaze.

    Clara Harter

    Source link

  • Crypto hacks and chaos aren’t halting this holiday season | TechCrunch

    Crypto hacks and chaos aren’t halting this holiday season | TechCrunch

    Welcome back to Chain Reaction.

    To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here.

    If you’re feeling the holiday spirit this month, you probably align with millions of people out there spreading joy, love, warmth, maybe even some generosity.

    But if you’re feeling like the Grinch, chances are you are aligning with a smaller party of individuals — one that (in this analogy) could include crypto hackers.

    And even though it’s the season to feel jolly, that’s not stopping hackers from acting out. But hey, playing devil’s advocate, maybe the attackers are jolly every time someone falls for their scam. Two sides of the coin.

    Earlier on Thursday, hackers compromised the code behind a crypto protocol used by multiple web3 applications and services, the crypto software and hardware wallet maker Ledger said on Thursday.

    It’s not immediately clear how many people fell victim to the hack. ZachXBT, a well-known independent crypto researcher, wrote on X that one victim had more than $600,000 in crypto drained from their account.

    Details below.

    What’s happening in web3

    1. Supply chain attack targeting Ledger crypto wallet leaves users hacked
    2. Bitcoin ATM company Coin Cloud got hacked. Even its new owners don’t know how.
    3. Worldcoin adds integrations with Minecraft, Reddit, Telegram, Shopify and Mercado Libre
    4. Deadmau5-founded startup Korus taps into AI for music creation

    The latest pod

    For this week’s episode, Jacquelyn interviewed Johann Kerbrat, the general manager of crypto at Robinhood.

    Johann is leading the application’s effort to expand its crypto exchange business and make digital assets more accessible to retail investors.

    Before joining Robinhood, Johann was an engineer at Airbnb and was the head of engineering at Uber and VP of engineering at Iron Fish, a privacy-focused cryptocurrency startup.

    We discussed Robinhood’s expansion outside of the U.S., how the platform restricted holding and trading of certain crypto assets in June and where it stands today.

    We also talked about:

    • Appealing to mainstream audiences
    • Growing crypto on its platform
    • Regulatory concerns
    • Robinhood’s 2024 objectives

    Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favorite pod platform to keep up with the latest episodes, and please leave us a review if you like what you hear!

    Follow the money

    1. Line Next secures $140 million funding for its web3 platform
    2. Lolli raises $8 million Series B to expand its bitcoin and cashback rewards to enterprises
    3. Andalusia Labs raises $48 million Series A to improve digital asset risk infrastructure
    4. Dynamic raises $13.5 million from a16z crypto and Founders Fund to simply access to web3 and crypto wallets
    5. Avalanche-based Nodekit raised $1.2 million in pre-seed round to create a network focused on rollups

    This list was compiled with information from Messari as well as TechCrunch’s own reporting.

    What else we’re writing

    Want to branch out from the world of web3? Here are some articles on TechCrunch that caught our attention this week.

    1. Temu’s latest lawsuit against Shein is wild (TC+)
    2. OpenAI thinks superhuman AI is coming — and wants to build tools to control it
    3. AI isn’t and won’t soon be evil or even smart, but it’s also irreversibly pervasive
    4. Here’s where founders screw up their pitch decks most often (TC+)
    5. The possibility of regulation hangs on the horizon over generative AI (TC+)

    Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more.

    Jacquelyn Melinek

    Source link