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February 13, 2023, 2:25 PM
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Wall Street Journal:
Binance says the NYDFS ordered Paxos to stop issuing its BUSD stablecoin, which has 6.2M holders; Paxos will continue redemptions until at least February 2024  —  Firm will continue to manage redemptions of the product  —  New York regulators directed a crypto company to stop issuing …
More: Paxos, Bloomberg, Protos, CoinDesk, CoinDesk, CoinDesk, PYMNTS.com, The Verge, CoinJournal, Cointelegraph, CoinDesk, MarketWatch, Unchained, crypto.news, Gizmodo, Cointelegraph, The Block, Crowdfund Insider, Fortune, CNBC, NewsBTC, Watcher Guru, Ethereum World News, CryptoPotato, Coinpedia Fintech News, CryptoSlate, Cryptopolitan, The Block, Inside Bitcoins, Reuters, CoinGape, Blockworks, Bitcoin News, Trustnodes, The Daily Hodl, Coinspeaker, Tech Startups, Micky, Forkast, and Cryptonews
Tweets: @cz_binance, @cz_binance, @cz_binance, @cz_binance, @whale_alert, @cz_binance, @gaborgurbacs, @asvanevik, @epro, @paxosglobal, @fintechfrank, @tree_of_alpha, @schuldensuehner, @ashcryptoreal, @cz_binance, @cz_binance, @stackersatoshi, @noelleinmadrid, @mhonkasalo, @jamyies, @wublockchain, @chainlinkgod, @cwpaulm, @shvandrew, @cryptoworldjosh, @eleanorterrett, @defiignas, @dfauchier, @mdudas, @clara_medalie, @wublockchain, @whale_alert, @paxosglobal, @adamscochran, @kaikodata, @ctolarsson, @dfauchier, @chainlinkgod, @adamscochran, @lawmaster, @tier10k, @tranjanofficial, @cz_binance, @tree_of_alpha, @coinmamba, @silvermanjacob, @emilyjnicolle, @mdudas, @3pointo_cap, @peckshieldalert, @ashcryptoreal, @nachotrades, @paxosglobal, @peckshieldalert, @0xfoobar, @du09btc, @ninjascalp, @arturo_p_a, @statelayer, @jamyies, @tree_of_alpha, @tier10k, @frances_coppola, @du09btc, @loopifyyy, @adamscochran, @noelleinmadrid, @austin_federa, @bitfinexed, @fintechfrank, @muyaoshen, @yueqi_yang, @chadcaff, @vegetacrypto1, @binance, @emilyjnicolle, @matthew_d_green, @noelleinmadrid, @satoshiflipper, @mikeburgersburg, @news_of_alpha, @nic__carter, @emilyjnicolle, @emilyjnicolle, @criptopaul, @paxosglobal, @nic__carter, and @tree_of_alpha
Wall Street Journal:
Sources: the SEC told Paxos the agency plans to sue the crypto firm, alleging the Paxos-issued and listed Binance USD stablecoin is an unregistered security  —  The agency has been intensifying its enforcement of major crypto players  —  The Securities and Exchange Commission …
Shenghao Bai / Counterpoint Research:
Analysis: the iPhone 14 Pro Max 128GB's blended bill of materials cost is ~$464, up 3.7% on the iPhone 13 Pro Max, with 22%+ accounting for Apple-designed chips  —  - The blended bill of materials (BoM) cost for the iPhone 14 Pro Max with 128GB Nand flash is about $464, a 3.7% increase from that of the iPhone 13 Pro Max.
Ashley Capoot / CNBC:
Twilio plans to cut ~17% of its workforce, or ~1,500 jobs, after laying off ~11% in September 2022 and will form two units to spend less and be more efficient  —  - Twilio on Monday announced plans to cut about 1,500 employees, or around 17% of its workforce, according to a blog post shared on the company's website.
Drew Harwell / Washington Post:
A study finds 11 data brokers selling Americans' mental health information, including on antidepressants, insomnia, and attention issues, likely from app makers  —  Capitalizing on the pandemic explosion in telehealth and therapy apps that collect details of your mental health needs …
Jamie Crawley / CoinDesk:
Bakkt plans to shut down its consumer crypto app on March 16, two years after debuting Bakkt App with partners including Starbucks, Best Buy, and Choice Hotels  —  Users will be able to manage their assets over the web after March 16.  —  Digital asset platform Bakkt (BKKT) …
Financial Times:
A look at Andy Jassy's challenges running Amazon, down by $1T in market cap since he took over in 2021: cutting staff and costs, growing Prime's value, and more  —  Investors joining Amazon's earning call earlier this month were greeted with a surprise guest: the group's chief executive, Andy Jassy.
Max Tani / Semafor:
A look back at Spotify betting hundreds of millions of dollars on podcasts, which CFO Paul Vogel says were a “big drag on our business in 2022”  —  By 2021, Spotify had paid to sign some of the biggest names in podcasting, and it was ready to start squeezing its competitors.
Kat Tenbarge / NBC News:
Sex educators, adult stars, and sex workers complain about Instagram, saying Meta's moderation has gotten more punitive and less predictable since SESTA-FOSTA  —  Cherie DeVille lives in perpetual fear of losing her 3.7 million Instagram followers.  —  DeVille is a well-known porn star who also has an OnlyFans account.
Belle Lin / Wall Street Journal:
Uber strikes seven-year deals with Google Cloud and Oracle to host its IT infrastructure, 95%+ of which an Uber executive says is housed in its own data centers  —  Two seven-year deals will help ride-hailing company end reliance on its own data centers  —  Uber Technologies Inc. plans …

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From Mediagazer

PodcastingToday:
Piers Morgan's Uncensored launches its first spin-off, History Uncensored, hosted by former CNN anchor Bianca Nobilo, airing weekly on YouTube and as a podcast

Mike Butcher / Pathfounders:
Alexandru Stan, founder of the software marketplace Tekpon, has acquired The Next Web media and events brands from The Financial Times

Alex Weprin / The Hollywood Reporter:
The Academy reports fiscal 2025 revenues of $269.2M, up from $263.1M in 2024, after cutting expenses from $220.1M to $208.1M; Oscars revenue grew to $150.5M

More News

Earlier Picks

Benj Edwards / Ars Technica:
A Stanford student used a prompt injection attack to reveal Bing Chat's codename Sydney and its initial prompt that governs how the service interacts with users
Wall Street Journal:
IDC: ByteDance's Pico more than tripled its share of the global VR market YoY to ~15% by Q3 2022 while Meta's share fell from 90% to ~75% in the same period
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