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Sam Bankman-Fried and the Collapse of FTX, A Film Deal with Apple is near

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According to Deadline, an agreement has been reached by Apple for the book rights to Michael Lewis’ account of the demise of businessman Sam Bankman-Fried and his bitcoin trading platform FTX.
Before Bankman-cryptocurrency Fried’s exchange crashed earlier this month, the author of Moneyball, The Big Short, and The Blind Side worked with him for six months. In response to claims of fraud and improper handling of customer funds, Bankman-Fried resigned as CEO of FTX, which had been estimated to be valued up to $26 billion before filing for Chapter 11 bankruptcy.

Deadline’s sources estimate the deal to be in the mid-seven figures because a feature picture adaptation of the story is anticipated. According to the article, if Apple closes successfully, it will have defeated rivals like Amazon and Netflix.

The collapse of Bankman-crypto Fried’s business, which compelled him to list his Bahamas resort for sale, will be attempted to explain in Lewis’ book. He and FTX are currently being looked at for conceivable securities crimes in the US and other nations. Celebrities Larry David and Tom Brady were sued for their roles in FTX’s promotion following its demise.

As Editor here at GeekReply, I'm a big fan of all things Geeky. Most of my contributions to the site are technology related, but I'm also a big fan of video games. My genres of choice include RPGs, MMOs, Grand Strategy, and Simulation. If I'm not chasing after the latest gear on my MMO of choice, I'm here at GeekReply reporting on the latest in Geek culture.

Gaming

Want Diablo 4 immortality? Hardcore Level 100 Before Most Others

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The devilish launch of Diablo 4 is days away (less for Ultimate Edition buyers). Blizzard has promised the ultimate reward for the first 1000 players to accomplish level 100 on Hardcore Mode: a statue of in-game antagonist Lillith.

Diablo 4’s Hardcore Mode is a character-creation-only difficulty adjuster. It automatically deletes characters when they die, making things infinitely harder regardless of World Tier. But 100? That’s several playthroughs on increasingly difficult World Tiers with new adversaries in harsher setups and about 150 hours of flawlessly rapid gameplay.

Honoring the dying.

Being remembered with those brave souls lost on the journey is the ultimate gamer boast. Do you dare?

 

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Consoles

Sony Expects 108 Million PS5 Sales This Generation

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After the COVID-19 supply collapse, Sony CEO Jim Ryan is optimistic about PS5 sales. The Sony executive anticipates the PS5, the best-selling console for months, will sell 108 million units.

That’s difficult stuff considering Sony needs to sell 70 million more PS5s. Since supply has increased, consoles are selling like hotcakes in major countries, suggesting the firm is above 40 million.

Ryan stated in a recent games business briefing webcast and Q&A (thanks, TweakTown):

“The 70 million, I think, is the existing PlayStation 4 user base, and while we would hope to convert a large number of those people, we will definitely target and definitely be successful in bringing large numbers of gamers who did not own a PlayStation 4, and in many instances, who have never owned a PlayStation at all.”

Mr. Ryan’s numbers—should we focus on the 108 part?

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Industry and Service

Best Practices for Using Composite IBC Totes

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According to the International Organization for Standardization (IOS), totes are classified into two categories. Let us take a closer look: 

First, there are intermediate bulk container (IBC) totes that are described as rigid. These are often made from metal, wood, or fiberboard. They are designed as a single unit and do not call for additional support when they are filled up. 

Then there is the composite kind. These are made up of a cage that supports and protects the inner lining when weight is added. As a result, the lining and the cage work in tandem as one unit. 

 

In this read, we are going to dive into the gist of things and explore practices that you should implement when it comes to using your 330 reconditioned IBC totes. Keep in mind that these are general requirements and you should seek specific advice from your supplier as your needs may be different. 

-If you intend to store products meant for human use, ensure the totes are food grade. This helps ascertain harmful interactions or reactions do not happen during transportation or storage. 

-When handling items with extremely low flashpoints, store them in totes that are explosion-proof. Some materials, however, will need permeation barriers to prevent them from diffusing through the lining. 

-In regards to hazmat transit, the container’s material as well as filling material compatibility should undergo thorough testing. These tests, however, can differ between European and American regions. They are put into place to determine the best material to use for your situation and so, is imperative to allocate enough time for comprehensive testing. 

 

The Best Practices for Filling & Handling/Shipping IBC Totes

 

  1. Filling

In order to fill a tote, the following three things should be done: 

-Close the outlet valve

-During filling, the process should be performed at atmospheric pressure, and shouldn’t go beyond 70ºC/158ºF. Therefore, the tote should not be pressurized. 

-During the cooling stage, the receptacle should be vented. This is to prevent vacuum deformation from occurring. Once this is done, ensure the cap is screwed in tightly. 

 

  1. Handling or Shipping

-The totes should be well-secured to make sure no damage occurs during transit

-Never use tie ropes on the totes with the intention of moving them this way. 

-If you are using a pallet jack or a forklift to handle the IBC totes, the forks should reach the pallets’ entire length. 

 

  1. Storage or Stacking

-Prior to stacking, it is imperative to identify the plate for stack testing. This helps determine whether the IBC totes are stackable. 

-Always put nesting into consideration. It means arranging the totes in a way that they fit closely together. An effective way to do this is by using a two on two configuration. 

-During transportation, the stack should not go beyond two layers

 

  1. Emptying

-When emptying a tote, only do it through the lower outlet valve. 

-Open the top before emptying to avoid a vacuum collapse

-If you are emptying through a pipe or a pump, make sure that it is supported and does not rely on the cage. If you use the cage to support the pump or pipe, the vibrations are likely to cause damage to the cage. 

 

The Takeaway

These are some of the general practices when handling composite IBC totes. It is also important to note that these practices are just the tip of the iceberg. As such, we recommend forming a relationship with a supplier that has been in the field for years to ensure that you always make informed decisions.

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