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August 21, 2022, 10:05 AM
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WeSmirchTop News
| 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.
More:
The Block, CoinGape, CoinJournal, CryptoPotato, Cointelegraph, and The Verge
Tweets: @kr00ney, @larrylimoncello, @yellowlablife, @stockmktnewz, @realdannynelson, @wublockchain, and @kr00ney. Thanks:@mattrosoff
| Kalley Huang / New York Times: |
Find My and other location-sharing apps have become a staple in some young people's friendships, ostensibly for safety while blurring lines of privacy — Introduced 10 years ago, the app has slowly become a popular way to keep track of friends. But it comes with considerable privacy concerns.| Financial Times: |
SoftBank CFO says the company sold a large part of its stake in Alibaba to “instantly show” investors its finances were solid after a $23B quarterly loss — Yoshimitsu Goto says Japanese technology group wanted to ‘instantly show’ its finances were solid| Zeyi Yang / MIT Technology Review: |
An overview of electronic design automation software used for designing chips, as the US Commerce Department announces export controls on certain EDA tools — The US has moved to restrict export of EDA software. What is it, and how will the move affect China?| Wall Street Journal: |
Chinese game makers, facing slowing domestic user growth and fewer game approvals amid the regulatory crackdown, are rushing into overseas markets like the US — With fewer titles approved and domestic user growth slowing, Tencent and its competitors are looking to expansion abroad
Tweets: @rwang0
| 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 …
Tweets: @eden_holdings
| Gary Gensler / Wall Street Journal: |
SEC chair says recent market events show why it is critical for companies offering crypto lending to comply with federal securities laws to protect investors — Securities laws that protect investors continue to apply even when new technologies come along. — WSJ Opinion: Hits and Misses of the Week
Tweets: @mattysino, @mattysino, @bitfinexed, @vincemcp, and @carlosdomingo
| Ryan Naraine / SecurityWeek: |
TXOne Networks, which builds and sells tech for securing industrial IoT environments, has raised a $70M Series B led by TGVest Capital — TXOne Networks, a joint venture between cybersecurity firm Trend Micro and industrial networking solutions provider Moxa, has banked $70 million in new venture capital funding.
More:
FinSMEs, TXOne Networks, and PitchBook
| 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 careers
Tweets: @demetria_g
| 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
| 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
| 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: @yoda, @caseynewton, @caseynewton, and @alexhern
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