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January 4, 2023, 5:25 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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| 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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GeekWire, Wall Street Journal, Bloomberg, San Francisco Business Journal, Washington Post, MarketWatch, USA Today, Fortune, New York Times, Tech Monitor, SEC.gov, CNBC, Associated Press, The Economic Times, CRN, Silicon Republic, The Register, TechCrunch, CNN, Reuters, TechRadar, Financial Times, The Hill, CNBC, WRAL TechWire, TechCircle, and The Information
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| Thomas Germain / Gizmodo: |
Erroneous facial recognition helped jail a Black man in Georgia for nearly a week after cops got a warrant in Louisiana, a state he says he has never visited — An algorithm sent a Black man to jail in Louisiana, a state he'd never visited, according to his lawyer. Experts say he won't be the last.
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New Orleans Times-Picayune and Metaverse Post
| Bill Toulas / BleepingComputer: |
Researchers find API security flaws in almost 20 car manufacturers' systems that could let hackers unlock, start, and track cars, plus access customers' data — Almost twenty car manufacturers and services contained API security vulnerabilities that could have allowed hackers to perform malicious activity … | 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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| 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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| 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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The Verge, The Register, Tech Monitor, Bloomberg, PCWorld, Reuters, Fortune, SiliconANGLE, PC Gamer, ExtremeTech, Datascience Learning Center, Digital Trends, 9to5Google, Metaverse Post, KnowTechie, Social Media Today, Livemint, Dexerto, VentureBeat, Gizmodo, MSPoweruser, OnMSFT.com, BGR, John Battelle's Search Blog, Search Engine Journal, PCMag, TechCircle, Engadget, WinBuzzer, ZDNet, Computerworld, Thurrott, and Gizchina
Tweets: @pitdesi, @benedictevans, @hackinglz, @debarghya_das, @wholemarsblog, @copyconstruct, @benedictevans, @basche42, @nickstatt, and @marie_haynes
| Grace Kay / Insider: |
Vimeo lays off 11% of its workforce, citing “an uncertain economic environment”, after cutting 6% in July 2022; the company had 1,200+ workers in December 2021 — - Vimeo is laying off 11% of its workforce, a company spokesperson confirmed. — Vimeo CEO Anjali Sud told staff … | Bloomberg: |
Sources: Sirius XM and Amazon slow podcast dealmaking and Spotify froze its 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 … | Jack Schickler / CoinDesk: |
US officials say the DOJ seized or is in the process of seizing assets potentially tied to FTX, like ~$450M in Robinhood shares whose ownership is under dispute — 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
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The Block, Bloomberg, Reuters, Watcher Guru, and CryptoSlate
| Chris Welch / The Verge: |
A look at Samsung's TV updates in 2023: Neo QLEDs that convert SDR to HDR, futuristic MicroLED displays, 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.| Adam Morgan McCarthy / The Block: |
CoinShares: inflows to crypto asset funds fell 95% YoY from $9.1B in 2021 to $433M in 2022, the worst year since 2018, when inflows totaled $223M — - 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.
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CoinShares Blog, Decrypt, Blockworks, and Crowdfund Insider
| Megha Mandavia / Wall Street Journal: |
A look at three pieces of Indian government legislation set to pass 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 … | Shaurya Malwa / CoinDesk: |
Bonk, a Shiba Inu-themed token issued on Solana on December 25, is up 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, Ethereum World News, MEXC Global Blog, CoinGape, Insider, crypto.news, CryptoPotato, CoinJournal, and Seeking Alpha
Tweets: @degenpoet, @bonk_inu, @solscanofficial, @aeyakovenko, @hellomoon_io, @tomgara, @hsakatrades, @j_finer, @lordsigma, @bonk_inu, @ldrogen, @j_finer, @markynfts, @aeyakovenko, @bonk_inu, @sergekass, and @ocalebsol
| Joseph Menn / Washington Post: |
Cybersecurity company Rapid7 hires former Twitter security chief and whistleblower Peiter “Mudge” Zatko to advise clients; Twitter fired Zatko in January 2022 — Former Twitter security chief Peiter Zatko, whose whistleblower claim against the company triggered multiple ongoing investigations … | Matt Levine / Bloomberg: |
The US case against alleged Mango Markets manipulator Avraham Eisenberg highlights traders treating crypto as a dumb game, ignoring 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: @pt, @mrauchs, @martincschmalz, @aservais1, @michaelbkelley, @sarthakgh, and @business
| Samuel Agini / Financial Times: |
FTX's collapse has forced the global sports industry to rethink lucrative crypto sponsorship deals, some of which replaced gambling partners because of bans — 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
| 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 … | 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, Ars Technica, Washington Post, Adweek, CNN, Reuters, Associated Press, Search Engine Land, Axios, Observer, The Verge, PCMag, Social Media Today, Engadget, Reuters, Gizmodo, MUO, TechCircle, Analytics Insight, and The Guardian
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| 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, @jimpethokoukis, @bloombergtv, @gdp1985, @thestalwart, @pelstrom, @sdonnan, @dalperovitch, @annmarie, and @counternotions
| Eliza Gkritsi / CoinDesk: |
Bitcoin miner Core Scientific plans to shut down all 37K+ mining rigs tied to Celsius Mining, its largest client, as the companies undergo separate bankruptcies — 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, Crypto Daily, Coinspeaker, Decrypt, and Ethereum World News
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