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January 4, 2023, 3:45 PM
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| Vincent Manancourt / Politico: |
The Irish DPC fines Meta €390M over behavioral ad data violations, giving Meta three months to resolve the issues, a significant blow to Meta's EU ad business — Meta faces €390 million in fines and must find a new legal route to targeted ads, while the Irish regulator is suing …
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Tweets: @noybeu, @adrianweckler, @maxschrems, @vmanancourt, @senmarkey, @martinsfp, @maxschrems, @dpcireland, @gabrielazanfir, @s8mb, @johnnyryan, @nwl88444048, @ekmokaya, @adrianweckler, @noybeu, @astaniscia86, @jesselehrich, @robertjbateman, @jesselehrich, @maxschrems, @adrianweckler, @maxschrems, @floorter, @robertjbateman, @fbajak, @justinhendrix, @jonathanmendez, @montezumachavez, @carlszabo, @missig_geek, @johnnyryan, @futureboy, @maxschrems, @brianhonan, @thetranscript_, @kenroth, @andymstone, @shiraovide, and @jason_kint
| New York Times: |
Coinbase reaches a $100M settlement with NY regulators over breaking anti-money-laundering laws, comprising a $50M fine and $50M for compliance; COIN jumps 12%+ — The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
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| Nivedita Balu / Reuters: |
Memo: Salesforce plans to lay off around 10% of its staff and close some offices, expecting to incur $1.4B to $2.1B in charges for the restructuring — Salesforce Inc (CRM.N) said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan …
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| Aaron Holmes / The Information: |
Sources: Microsoft plans to release a version of Bing that uses OpenAI's ChatGPT tech to answer some search queries, possibly launching as soon as Q1 2023 — Microsoft could soon get a return on its $1 billion investment in OpenAI, creator of the ChatGPT chatbot, which gives humanlike text answers to questions.
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| Chris Welch / The Verge: |
Roku plans to launch its own TVs in spring 2023 across two brands, Roku Select and Roku Plus, ranging from 24-inches for $119 to 75-inches for $999 — Roku is making big news at CES 2023: the company long known for its streaming players and easy-to-use software plans to release its own lineup of TVs this year.
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Gizmodo, Ars Technica, Engadget, Roku, TechHive, ZDNet, CNET, Thurrott, Insider, Light Reading, Tom's Guide, Android Authority, BGR, Android Central, Pocket-lint, TechRadar, TheStreet, GameSpot, iPhone in Canada Blog, Mashable, The Streamable, Digital Trends, PCMag, and Variety
Tweets: @greengart, @mcwm, @revewatkins, and @davezatz
| Andrew Hayward / Decrypt: |
NFT service Magic Eden, the largest Solana marketplace, blames a hacked image caching service after some users were served porn and TV stills instead of the NFT — The top Solana marketplace says there's no need to panic, and it has not been hacked. — Some users of Magic Eden …
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Gizmodo, CoinDesk, The Block, Cointelegraph, MEXC Global Blog, CryptoPotato, Web3 is Going Just Great, and crypto.news
Tweets: @magiceden, @fedeonekenoby, @coinpapi69, @yaboibeclownin, @thecryptomie, @yaboibeclownin, @punk9059, @thecheesemantx, and @jon_hq
| Bill Toulas / BleepingComputer: |
Almost twenty car manufacturers and services contained API flaws that could have allowed hackers to access customers' data and unlock, start, and track cars — Almost twenty car manufacturers and services contained API security vulnerabilities that could have allowed hackers to perform malicious activity … | Chris Welch / The Verge: |
A look at Samsung's TV updates in 2023: Neo QLEDs converting SDR to HDR, futuristic MicroLED TVs, improvements to The Frame, and software and AI updates — Last year, Samsung radically shook up the TV market with the introduction of its first OLED model in many years.
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Samsung Newsroom, CNET, TechHive, Digital Trends, Tom's Guide, BGR, Pocket-lint, Wccftech, and Press Start. Tweets: @chriswelch
| Grace Kay / Insider: |
Vimeo lays off 11% of its workforce, citing the uncertain economic environment, after cutting 6% in July 2022; the company had 1,200+ staff as of December 2021 — - Vimeo is laying off 11% of its workforce, a company spokesperson confirmed. — Vimeo CEO Anjali Sud told staff in an email … | Shaurya Malwa / CoinDesk: |
Bonk, a Shiba Inu-themed coin on Solana issued on December 25, has risen 2,220% in the past week and 150% in the past 24 hours, offsetting some of SOL's decline — The memecoin is up over 150% in the past 24 hours and have recorded some of the highest trading volumes on Solana-based decentralized exchanges.
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CoinDesk, MEXC Global Blog, Ethereum World News, CoinGape, Insider, Coinpedia Fintech News, crypto.news, CryptoPotato, CoinJournal, and Seeking Alpha
Tweets: @degenpoet, @tomgara, @bonk_inu, @solscanofficial, @aeyakovenko, @hellomoon_io, @hsakatrades, @j_finer, @lordsigma, @bonk_inu, @ldrogen, @j_finer, @markynfts, @aeyakovenko, @bonk_inu, @sergekass, and @ocalebsol
| Megha Mandavia / Wall Street Journal: |
A look at three pieces of Indian government legislation planned in 2023 to regulate US tech giants, mixing EU antitrust rules with China-style surveillance — American tech firms will face hard choices in India this year — The standoff between India and U.S. tech giants will intensify … | Bloomberg: |
Sources: Sirius XM and Amazon are slowing podcast deals, Spotify is freezing US budget for new podcasts; all three seek to keep 50% of ad revenue vs. 20% before — As the podcasting universe has matured in recent years it has picked up many of the trappings of more established media industries … | Ron Amadeo / Ars Technica: |
Android's director of engineering said Google wants RISC-V as a “tier-1” Android architecture and shared a years-long roadmap at December 2022's RISC-V summit — Google's keynote at the RISC-V Summit promises official, polished support. — Over the holiday break …
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RISC-V International on YouTube and Android Police
Tweets: @larsberg_, @larsberg_, and @sybreon
| Matt Levine / Bloomberg: |
The US case against alleged Mango Markets manipulator Avraham Eisenberg highlights traders treating crypto as a game, forgetting the real-world consequences — Mango — So here's a trade. — You open two accounts on a commodity futures exchange, Account A and Account B.
Tweets: @matt_levine, @pt, @mrauchs, @martincschmalz, @aservais1, @michaelbkelley, @sarthakgh, and @business
| Kate Conger / New York Times: |
Twitter begins relaxing its longstanding ban on cause-based ads in the US and plans to expand permitted political advertising in the coming weeks — Elon Musk's social media service said it would begin to permit cause-based advertising to “facilitate public conversation around important topics.”
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Wall Street Journal, Washington Post, Reuters, Adweek, CNN, Search Engine Land, Ars Technica, PCMag, The Verge, Social Media Today, Axios, Gizmodo, Engadget, Reuters, Associated Press, MUO, TechCircle, Analytics Insight, and The Guardian
Mastodon: @Jbat@mstdn.media. Tweets: @twittersafety, @jason_kint, @jason_kint, @ttagaris, @brerva, @brettpransky, and @evan_greer
| Joseph Menn / Washington Post: |
Cybersecurity company Rapid7 hires Peiter “Mudge” Zatko, the former Twitter security chief and whistleblower, to advise consulting clients — Former Twitter security chief Peiter Zatko, whose whistleblower claim against the company triggered multiple ongoing investigations … | Jack Schickler / CoinDesk: |
Officials say the US DOJ has seized or is in the process of seizing assets linked to FTX, including ~$450M in Robinhood shares whose ownership is being disputed — Officials may later seek to have Sam Bankman-Fried forfeit the assets, potentially including as much as $450 million in stocks, to avoid benefiting from crimes| Adam Morgan McCarthy / The Block: |
CoinShares: inflows to crypto asset funds fell from $9.1B in 2021 to $433M in 2022, down 95% YoY, the worst year since 2018, when inflows totaled $233M — - Crypto asset funds saw the lowest inflows last year since 2018. — Inflows in 2022 declined to $433 million as bitcoin plummeted over 60%, according to CoinShares data.
More:
CoinShares Blog and Blockworks
| Samuel Agini / Financial Times: |
FTX's collapse has forced the global sports industry to rethink lucrative crypto sponsorship deals, some of which were replacing gambling partners — Future of big-ticket sponsorship deals between top-flight clubs and digital assets industry hangs in the balance
Tweets: @kevin_kcdpr and @katie_martin_fx
| Casey Newton / Platformer: |
Twitter Product Engineering Lead Behnam Rezaei and Senior Director of HR Business Partner Katie Marcotte both resign; Marcotte was at Twitter for 10 years — ByteDance thought it had a deal with the government in August. Then came the bans — and a spying scandal
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Forbes and MUO
Mastodon: @caseynewton@mastodon.social. Tweets: @sachee, @michaelsocolow, @theserfstv, and @canderaid
| Bloomberg: |
Sources: China is pausing massive investments and costly subsidies for its chip industry amid a COVID-19 wave, seeking alternatives to help homegrown chipmakers — China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains …
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MIT Technology Review. Tweets: @richardhanania, @gdp1985, @jimpethokoukis, @bloombergtv, @thestalwart, @pelstrom, @sdonnan, @dalperovitch, @annmarie, and @counternotions
| Paul Kiernan / Wall Street Journal: |
The US Federal Reserve, FDIC, and OCC warn banks that issuing or holding crypto “is highly likely to be inconsistent with safe and sound banking practices” — Regulators say holding cryptocurrencies is likely inconsistent with safe banking practices — Crypto's Crash Has Been Swift but Largely Self-Contained.
More:
The Federal Reserve, NPR, Gizmodo, Trustnodes, Watcher Guru, and Crypto Daily
Tweets: @jp_koning, @ddisparte, and @ddayen
| Eliza Gkritsi / CoinDesk: |
Bitcoin miner Core Scientific plans to shut down mining rigs tied to Celsius Mining, its largest client with 37K+ machines, as both companies undergo bankruptcy — The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is costing it $2 million in revenue per month.
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Bloomberg, CryptoPotato, Crypto Daily, Blockworks, Coinspeaker, Decrypt, Livemint, and Ethereum World News
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