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August 16, 2022, 10:30 PM
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memeorandum
WeSmirchTop News
| Kadhim Shubber / Financial Times: |
Sources: ahead of a Fed meeting in January, Celsius CEO Alex Mashinsky personally directed individual trades, overruling executives, leading to large losses — In January, Celsius Network boss Alex Mashinsky gathered his investment team to tell them he would be taking control … | Eric Jardine / Chainalysis: |
Analysis: in 2022 through July, crypto transaction volumes are lagging behind 2021; illicit volumes are down 15% YoY and legitimate volumes are down 36% YoY — 2022 has been a tumultuous year for cryptocurrency markets, with significant price declines across all currencies in May and June.
More:
PYMNTS.com, Reuters, TechCrunch, Dark Reading, Finbold, Crypto Daily, Bloomberg, DeCential, and Fortune
Tweets: @chainalysis, @chainalysis, @ron_miller, and @chainalysis
| Sara Fischer / Axios: |
Oracle begins “regular vetting and validation” of TikTok's algorithms and content moderation models to ensure they aren't manipulated by Chinese authorities — Oracle has begun vetting TikTok's algorithms and content moderation models to ensure they aren't manipulated by Chinese authorities, Axios has learned.
More:
Protocol, Social Media Today, Engadget, TechCrunch, Input, PCMag, GSMArena.com, and Slashdot
Tweets: @davidclinchnews, @basche42, @dlberes, @sarafischer, @evelyndouek, @niubi, @mattnavarra, @lmatsakis, @riegerreport, and @fryan
| Annie Palmer / CNBC: |
Amazon tells merchants using Fulfillment by Amazon to pay a fee of 35¢ per item sold in the US and Canada from October 15 to January 22, citing rising expenses — - Amazon is raising fulfillment fees during the holiday shopping period as the company contends with rising costs.
More:
PYMNTS.com, Associated Press, Chain Store Age, Shacknews, EcommerceBytes, Neowin, Insider, and Reuters
Tweets: @stevekovach, @ivanthek, @jordannovet, and @madscapital
| Bloomberg: |
Sources: for years, the SEC and CFTC were hindered by banks' usage of messaging apps like WhatsApp to skirt archiving rules; ~10 banks may be fined ~$2B total — Record fines that the world's biggest investment banks are expected to pay in the coming months reflect years of frustration among US regulators …
Tweets: @cavandy, @business, and @civicfield
| Carly Page / TechCrunch: |
Signal says attackers accessed the phone numbers and SMS verification codes for around 1,900 users as part of the recent Twilio breach — End-to-end encrypted messaging app Signal says attackers accessed the phone numbers and SMS verification codes for almost 2,000 users as part of the breach at communications giant Twilio last week.
Source:
Signal Support. More:
Security Affairs, Washington Post, Ars Technica, Input, DeviceSecurity.io, SiliconANGLE, Mashable, TechCircle, The Register, SecurityWeek, The Verge, Threats Without Borders, 9to5Mac, Tech Monitor, Gizmodo, The Economic Times, PhoneArena, The Hacker News, Neowin, Silicon Republic, Cybernews.com, Android Police, BleepingComputer, Security Boulevard, Engadget, Cybersecurity Dive, MobileSyrup, iTnews, and PCMag
| Kate O'Keeffe / Wall Street Journal: |
Analysis: of the US exports to China that required a license in 2020, the Commerce Department approved 94%, or 2,652, applications for tech exports — Critics say the Commerce Department-led export-controls process needs an urgent overhaul, while others say the U.S. needs allies on board first
More:
The Register. Tweets: @marshablackburn, @tomcottonar, @kate_okeeffe, @byron_wan, @jchengwsj, and @kofinas
| Kyle Wiggers / TechCrunch: |
Israel-based Pliops, which makes chips for data centers that boost the performance of databases and other apps that run on flash memory, raised a $100M Series D — Analyzing data generated within the enterprise — for example, sales and purchasing data — can lead to insights that improve operations.| David Pan / Bloomberg: |
Top publicly-traded US bitcoin miners Core Scientific, Marathon Digital, and Riot Blockchain lost $862M, $192M, and $366M in Q2 respectively after impairments — The three-largest US publicly traded Bitcoin mining companies lost over $1 billion in the second quarter after taking a series …
More:
NewsBTC
| Dave Lee / Financial Times: |
Filing: Amazon accuses the FTC of harassing its top executives, including Jeff Bezos and Andy Jassy, as part of its investigation into Prime membership — Ecommerce group hits out at US regulator's tactics in probe into Prime membership scheme — Amazon has accused the US Federal Trade Commission …
Source:
FTC.gov. More:
Bloomberg, Insider, Wall Street Journal, Fortune, The Verge, PCMag, SiliconANGLE, Associated Press, Input, CNBC, New York Post, WinBuzzer, PYMNTS.com, Neowin, and Slashdot
Tweets: @epro, @econliberties, @halsinger, @carnage4life, @ceciliakang, @sarahmillerdc, and @eugenekim222
| Amy Feldman / Forbes: |
AtoB, which offers a payment system specially designed for truckers, raised a $155M Series B led by Elad Gil and General Catalyst, valuing the company at $800M — For the nation's 3.4 million truck drivers, fuel costs are a huge deal. San Francisco-based startup AtoB aims to help lower …
More:
PYMNTS.com and Business Wire
| Rebecca Bellan / TechCrunch: |
SAIC Mobility Robotaxi, an arm of state-owned Chinese automaker SAIC that aims to launch an autonomous taxi service, raised a $148M Series B at a $1B+ valuation — SAIC Mobility Robotaxi, an arm of state-owned Chinese automaker SAIC aiming to launch a commercial robotaxi service, raised $148 million (RMB 1 billion).
More:
Caixin Global, TechNode, Reuters, DealStreetAsia, and Pandaily
| Ian King / Bloomberg: |
Experts say the chip market is facing an “inventory correction”, which could be the worst downturn in a decade, as the global economy weakens and demand fades — Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months …
Tweets: @pelstrom, @shiraovide, @pelstrom, @pelstrom, @jessefelder, @ru_unforgiven2, @iancutress, @pstasiatech, @tomtugendhat, @adam_tooze, and @andrewtghill
| Kathrin Hille / Financial Times: |
Tweets: @fudaoge, @fudaoge, @muradahmed, @berthofmanecon, @berthofmanecon, @jimpethokoukis, @yesthatwataru, and @jenkspl64
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