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August 20, 2022, 6:20 PM
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| Michael McSweeney / The Block: |
FDIC issues cease-and-desist letters to FTX US and four other crypto firms over making “false representations” that their crypto products might be FDIC-insured — - The Federal Deposit Insurance Corporation (FDIC) said Friday that it sent cease-and-desist letters to five crypto companies … | Patricia Hernandez / Kotaku: |
Zuckerberg responds to the mockery of the Horizon Worlds selfie, saying it was taken quickly to celebrate a launch and promises major updates to avatar graphics — Earlier this week was supposed to be a celebratory time for the folks at Meta, as its reality-devouring project Horizon Worlds was now available in more countries.
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The Verge, Mark Zuckerberg, Insider, Polygon, TheGamer, Livemint, Slate, Mashable, Social Media Today, TechCrunch, and Engadget
Tweets: @rmac18, @bgurley, @lifebettergreen, @mollywood, @datnofact, @howardlindzon, @hankgreen, @nathievr, @hackingbutlegal, @anshublog, @caseynewton, @hackingbutlegal, @nickdcarver, @elipariser, @karaswisher, @limitlessjest, @amasad, @thrilluwu, @adamnash, @peterpham, @leslievdb, @jetgreguar, @yoda, @benitopagotto, @om, @nateingraham, @alexeheath, @howlmedia, @kellymakena, @rmac18, @kateconger, @paultassi, @hmltn, @walldo, and @stevekovach
| Kate Rooney / CNBC: |
Leaked financials: FTX had revenue of $1.02B in 2021, up from $89M in 2020; operating income grew from $14M to $272M; US accounted for less than 5% of revenue — - FTX saw explosive growth last year driven by its global trading business, according to audited financials seen by CNBC.| Cristina Criddle / Financial Times: |
Match Group COO and CFO Gary Swidler says sign-ups on Tinder “have not returned back to pre-pandemic levels” and “new users remain a challenge” — World's dominant dating app seeks new ways to achieve growth as rivals such as Bumble and Thursday thrive
More:
Mashable
| Nikkei Asia: |
A look at the challenges ahead for China's e-CNY, as total transaction volume reached $12.3B in May and ~4.6M merchants across China now accept the digital yuan — Expansion will require new rules and huge investment in datacenters and other infrastructure.| New York Times: |
Twitter CFO Ned Segal told employees in an email that they might receive only half of their annual bonuses as the company grapples with economic uncertainty — The company blamed its financial performance for the potential bonus cut. — Twitter warned its employees on Friday … | Casey Newton / The Verge: |
An interview with NFT project Loot creator Dom Hofmann, who says it still has ~200 developers despite the project's market cap falling from $180M+ to under $6M — Loot's Dom Hofmann on outlasting the hype cycle, public-domain video games, and why Creative Commons is the future
Tweets: @caseynewton, @yoda, @alexhern, and @caseynewton
| James Rundle / Wall Street Journal: |
Lloyd's of London will require insurer groups in its global marketplace to exclude state-backed hacks from stand-alone cyber insurance policies starting in 2023 — By 2023, insurer groups must add clauses to cyber policies excluding state-backed hacks that severely affect target nation's infrastructure, insurance marketplace says
Tweets: @paul__armstrong and @danielkennedy74
| Scott Chipolina / Financial Times: |
JPMorgan: Tether, Circle, and other stablecoin issuers now hold $80b of short-term US government debt, accounting for 2% of the Treasury bills market as of May — Ownership highlights how digital asset players are encroaching on traditional markets — Stablecoin issuers like Tether … | Dustin Volz / Wall Street Journal: |
UK's ruling Conservative Party is offering its 160K members the option to vote online in a leadership election to decide the country's next prime minister — In prime-minister race, Conservative Party wants to make voting more convenient for its 160,000 eligible members; no U.S. state permits universal online voting
Tweets: @dnvolz and @dcjohnson
| Rachael Levy / Reuters: |
Sources: Elon Musk approached brain-computer interface developer Synchron about a potential investment, after expressing frustration with Neuralink's progress — Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch … | Beth DeCarbo / Wall Street Journal: |
How Georgia State University and other schools are using apps and AI chatbots to help attract students, guide them through graduation, and launch their careers — More institutions are using apps and analytics to help attract students, guide them through graduation and launch their careersSponsor Posts
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