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February 13, 2023, 12:35 PM
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WeSmirchTop News
| Wall Street Journal: |
Binance says the NYDFS ordered Paxos to stop issuing more of its BUSD stablecoin, which has 6.2M holders; Paxos will continue redemptions and cut Binance ties — Firm will continue to manage redemptions of the product — New York regulators directed a crypto company to stop issuing …
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Paxos, Bloomberg, PYMNTS.com, The Verge, CoinDesk, CoinDesk, CoinDesk, CoinJournal, Gizmodo, The Block, MarketWatch, Unchained, CryptoSlate, Crowdfund Insider, CoinGape, Blockworks, Tech Startups, CoinDesk, Decrypt, CNBC, Cointelegraph, NewsBTC, Watcher Guru, Ethereum World News, Coinpedia Fintech News, crypto.news, The Block, Reuters, Bitcoin News, Cryptopolitan, CryptoPotato, Micky, and Forkast
Tweets: @cz_binance, @cz_binance, @cz_binance, @cz_binance, @whale_alert, @cz_binance, @gaborgurbacs, @asvanevik, @paxosglobal, @cwpaulm, @eleanorterrett, @nic__carter, @nic__carter, @mikeburgersburg, @fintechfrank, @frances_coppola, @tree_of_alpha, @matthew_d_green, @whale_alert, @ashcryptoreal, @news_of_alpha, @cz_binance, @adamscochran, @cz_binance, @yueqi_yang, @stackersatoshi, @noelleinmadrid, @mhonkasalo, @jamyies, @wublockchain, @chainlinkgod, @shvandrew, @cryptoworldjosh, @defiignas, @schuldensuehner, @dfauchier, @mdudas, @clara_medalie, @wublockchain, @paxosglobal, @adamscochran, @kaikodata, @ctolarsson, @dfauchier, @chainlinkgod, @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, @du09btc, @loopifyyy, @adamscochran, @noelleinmadrid, @austin_federa, @bitfinexed, @fintechfrank, @muyaoshen, @chadcaff, @vegetacrypto1, @binance, @emilyjnicolle, @noelleinmadrid, @satoshiflipper, @emilyjnicolle, @emilyjnicolle, @criptopaul, @paxosglobal, 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 …
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Protos, The Information, Cointelegraph, Fortune, CoinDesk, Trustnodes, Bitcoinist.com, The Block, ZyCrypto, Finbold, Cryptonews, CryptoSlate, Cryptopolitan, Inside Bitcoins, NewsBTC, CryptoPotato, CoinGape, Crypto is Macro Now, crypto.news, CoinJournal, DL News, CoinGeek, Coinspeaker, Coinpedia Fintech News, Watcher Guru, Blockworks, Bitcoin News, and Forkast
Mastodon: @davidgerard@circumstances.run. Tweets: @wsjmarkets, @milesdeutscher, @fintechfrank, @cz_binance, @thulynnn, @johnreedstark, @rohangrey, @twobitidiot, @ramahluwalia, @eleanorterrett, @lex_node, @adamscochran, @ryansadams, @milesdeutscher, @wublockchain, @smtuffy, @carnage4life, @it_airmass, @northrocklp, @byzgeneral, @adam3us, @illneil, @mdudas, @adam3us, @twobitidiot, @bambroughkevin, @cryptodefilord, @starokg, @safetyth1rd, @jesse_hynes, @twobitidiot, @peckshieldalert, @jebus911, and @pt
| Ashley Capoot / CNBC: |
Twilio plans to cut around 17% of its workforce, or roughly 1,500 jobs, after laying off 11% in September 2022 and will form two units to aide efficiency — - 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 data on Americans' mental health information, including on antidepressants and insomnia, likely acquired from app makers — Capitalizing on the pandemic explosion in telehealth and therapy apps that collect details of your mental health needs …
More:
Tech Policy, Gizmodo, and NBC News
Tweets: @jshermcyber, @ebakerwhite, @sundeep, @brianroemmele, @mindingprivacy, @robwright22, @jshermcyber, @jshermcyber, @alfredwkng, and @dakotaindc
| Shenghao Bai / Counterpoint Research: |
Analysis: the blended bill of materials for the iPhone 14 Pro Max 128GB is $464 total, up 3.7% on the 13 Pro Max, with 22% down to Apple's A16 and other 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.
More:
9to5Mac, Android Authority, AppleInsider, Apple Must, Gizchina, BGR, Cult of Mac, MacDailyNews, and GSMArena.com
| Jamie Crawley / CoinDesk: |
Bakkt will shut down its consumer-facing crypto app on March 16, two years after debuting with launch 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) …
More:
Bakkt, PYMNTS.com, Blockworks, The Block, Bitcoin News, Cryptonews, and CoinJournal
| 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.| Financial Times: |
A look at Andy Jassy's challenges running Amazon, down by $1T in market cap since he took over: cutting costs, layoffs, boosting Prime subscribers, and more — Investors joining Amazon's earning call earlier this month were greeted with a surprise guest: the group's chief executive, Andy Jassy.| 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.| Spencer Soper / Bloomberg: |
Marketplace Pulse: Amazon's average cut of each sale passed 50% for the first time, reaching 51.8% in 2022, vs. 48% in 2021, 40% in 2017, and 35.2% in 2016 — Grappling with slowing sales growth and rising costs, Amazon.com Inc. is squeezing more money from the nearly 2 million small businesses …
Tweets: @tomgara, @carnage4life, and @astaniscia86
| Financial Times: |
US-based fintech FIS says it will spin off Worldpay, which it acquired for ~$43B in July 2019; FIS stock has dropped around 45% since the acquisition — Planned split calls time on merchant solutions arm 4 years after being acquired in $43bn deal — US-based financial technology group FIS …
More:
PYMNTS.com, Payments Dive, Bloomberg, and Finextra
| Wired: |
Publishers worry that Microsoft's and Google's search chatbots, which summarize key info from articles, may undermine their businesses and spread misinformation — Microsoft's new search interface can serve up key information from articles, removing the need to click—and potentially undermining publisher business models.Sponsor Posts
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