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February 17, 2023, 12:00 PM
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| Bloomberg: |
The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value — The US Securities and Exchange Commission is preparing to sue the company behind TerraUSD, a crypto stablecoin whose collapse …
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U.S. Securities …, Reuters, The Verge, Wall Street Journal, CoinDesk, Engadget, CNBC, Crypto Daily, Cryptonews, International Business Times, Watcher Guru, Tech Startups, Financial Times, Cointelegraph, Finbold, The Crypto Basic, CoinGeek, CryptoPotato, Coinpedia Fintech News, TechCrunch, crypto.news, ZyCrypto, Decrypt, CryptoSlate, CoinGape, BBC, Finextra, Cryptopolitan, Tech in Asia, CoinJournal, PYMNTS.com, Ethereum World News, Bitcoin News, Fortune, Forkast, Crowdfund Insider, Bitcoinist.com, Blockworks, Axios, Micky, The Block, and Web3 is Going Just Great
Tweets: @secgov, @allyversprille, @mikeseligesq, @lex_node, @garygensler, @fatmanterra, @tier10k, @parrotcapital, @davidzmorris, @collins_belton, @pt, @fintechfrank, @ryansadams, @hosseeb, @autismcapital, @zguz, @traderrocko, @parrotcapital, @lex_node, @meattc_, @sunil_trades, @meattc_, @caspiancey, @lex_node, @du09btc, @lex_node, @du09btc, @hosseeb, @revolvingdoordc, @web3isgreat, @tier10k, @arbedout, @baidakova, @blkchain_demons, @blaw, @nic__carter, @nic__carter, @johnreedstark, @hosseeb, @web3isgreat, @esatoshiclub, @muyaoshen, @fatmanterra, @jacqmelinek, @htr_group, @codycarbonedc, @tier10k, @jwverret, @fatmanterra, @dr_cswright, @allyversprille, @collins_belton, @collins_belton, @parrotcapital, @lonewolf_eth, @tier10k, @kangspace589, @yoda, @fatmanterra, @samcallah, @carnage4life, @mdudas, @robinwigg, @valkenburgh, and @staska
| Suvashree Ghosh / Bloomberg: |
The SEC says Do Kwon and Terraform Labs have withdrawn $100M+ in fiat currency from a Swiss bank since June 2022, after moving 10K+ Bitcoin out of a cold wallet — Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned …
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CoinDesk, Gizmodo, Finbold, CoinJournal, CryptoPotato, Watcher Guru, CoinGape, and CryptoSlate
Tweets: @emilyjnicolle, @poordart, and @news_of_alpha
| Sheila Dang / Reuters: |
Source: Microsoft is demoing Bing chatbot to ad agencies, saying it plans paid links within the chatbox responses and industry-specific ads — Microsoft (MSFT.O) has started discussing with ad agencies how it plans to make money from its revamped Bing search engine powered …
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New York Times, W Media Research, CheeseburgerGothic, and MIT Technology Review
Mastodon: @kwun@mstdn.social, @teledyn@mstdn.ca, @brianstorms@mastodon.social, and @sheiladang@mastodon.social
Tweets: @elonmusk, @thatsjust_v_, @sheila_dang, @kenli729, and @martyswant
| New York Times: |
Microsoft says it is looking at limiting Bing chatbot conversation length and adding tools to let users restart conversations or get more control over tone — The company knew the new technology had issues like occasional accuracy problems. But users have prodded surprising and unnerving interactions.
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Washington Post, VICE, PCMag, Forbes, USA Today, Computerworld, Insider, TechRadar, Fortune, Memeburn, MSPoweruser, AI News, The Register, BigTechWire, Watcher Guru, Livemint, NBC Bay Area, Mashable, CNN, CNET, PCWorld, and TechCrunch
Tweets: @melmitchell1, @kbandersen, @kasie, @parismarx, @wenbinters, @karlbode, @etzioni, @teknium1, and @pstasiatech
| Wall Street Journal: |
Sources: Meta gave ~10% of staff subpar ratings in recent performance reviews, a sign of more workforce reductions, and cut a bonus metric to 85% of its target — The performance-review process is expected to set the stage for more workforce reductions this year — Why Tech Layoffs Don't Reflect the Job Market
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New York Post, Silicon Valley Business …, Barron's Online, Fortune, and Insider
| Yueqi Yang / Bloomberg: |
Source: Binance is considering de-listing USDC and other tokens and ending relationships with US partners, including VC investments, amid regulatory scrutiny — Crypto giant Binance Holdings Ltd. is considering ending relationships with US business partners as regulators turn up the heat.
More:
Reuters, CoinDesk, CoinGape, Coinpedia Fintech News, The Block, and Tech in Asia
Tweets: @muyaoshen and @wublockchain
| OpenAI: |
OpenAI plans to improve ChatGPT's behavior to reduce biases, allow more user customization, and get more public input into decision-making about system defaults — We're clarifying how ChatGPT's behavior is shaped and our plans for improving that behavior, allowing more user customization …
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The Verge, Bloomberg, ZDNet, Neowin, TechCircle, Silicon Republic, PCMag, and Fortune
Tweets: @jasoncrawford, @elonmusk, @gdb, @tusharjain_, @saltiest_gaming, @dr_cintas, @yoda, @lizjosullivan, @chrisdancy, @sama, @tvykruta, @maxkennerly, @shyamalanadkat, @stshank, @officiallogank, @iethics, and @sama
| Clothilde Goujard / Politico: |
Under the Digital Services Act, online platforms disclose their MAUs in the EU: YouTube has 401M, Facebook 255M, Instagram 250M, TikTok 125M, Twitter 101M — TikTok, Twitter, Facebook and Instagram have now confirmed they will face the strictest rules under the EU's content-moderation law, the Digital Services Act (DSA).
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Reuters, Twitter Transparency Center, Euractiv, AppleInsider, Reuters, TikTok, Light Reading, Bloomberg, and Livemint
Tweets: @claesdevreese, @markscott82, @kelseylh, @rebekahktromble, @markscott82, @benedictevans, and @bertuzluca
| Victoria Song / The Verge: |
Fitbit plans to remove adventures, challenges, and open groups from its app and replace Studio with an SDK; Google says the features were of “limited use” — Fitbit users: better one-up your friends in challenges while you still can. Starting March 27th, Fitbit will remove all adventures …
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XDA Developers, 9to5Google, Engadget, TalkAndroid.com, Neowin, and Android Central
Tweets: @jannaschulze and @carnage4life
| Josh Ye / Reuters: |
Sources: Tencent cuts its 300-strong metaverse unit and drops VR hardware plans due to trouble achieving quick profitability and the need for a big investment — Tencent Holdings (0700.HK) is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts …
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Reuters, Road to VR, crypto.news, GameSpot, The Block, TechNode, Pandaily, Forkast, Slashdot, PingWest, and Cryptonews
Tweets: @therealjoshye and @therealjoshye
| Thomas Claburn / The Register: |
Source: the UK CMA is investigating a deal in which Google pays Apple a portion of search revenue generated by people using Chrome on iOS — Those billions just may have dissuaded iPhone giant from building rival search, beefing up Safari — EXCLUSIVE Google has been paying Apple a portion …
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MacRumors, 9to5Mac, AppleInsider, Appuals.com, and Techaeris
| Jay Peters / The Verge: |
Apple's iOS 16.4 and iPadOS 16.4 betas add support for Safari web apps on the homescreen to send push notifications and show notification badges — Apple's new iOS and iPadOS 16.4 betas will let Safari web apps on your homescreen send you push notifications, according to a new post on the WebKit blog.| Sarah E. Needleman / Wall Street Journal: |
DoorDash Q4: revenue up 40% YoY to $1.8B, vs. $1.77B est., a $642M net loss, vs. $265M est., up from $155M YoY, and 32M+ MAUs, up from 25M+ YoY; DASH jumps 5%+ — People are spending more on food delivery even as prices rise — DoorDash Inc.'s DASH -1.95%decrease; red down pointing triangle revenue rose … | Erika Wheless / Ad Age: |
TikTok quietly launches its in-app shopping checkout feature in the US; apparel brands Pacsun, Revolve, and Willow Boutique seem to be among the pilot partners — Pacsun and Revolve appear to be among the pilot brands — TikTok has quietly launched its shop pilot in the U.S. … | Mia Sato / The Verge: |
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TikTok, PCMag, TechCrunch, Dexerto, Social Media Today, Tubefilter, BGR, CNET, Engadget, and Search Engine Journal
Tweets: @ebakerwhite, @apollozac, and @richontech
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