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February 17, 2023, 12:45 PM
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memeorandum
WeSmirchTop News
| 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 …, CoinDesk, Reuters, The Verge, The Information, SiliconANGLE, Wall Street Journal, The Block, Engadget, CNBC, Crypto Daily, Watcher Guru, Financial Times, Finbold, The Crypto Basic, CoinGeek, Cointelegraph, Cryptonews, Coinpedia Fintech News, TechCrunch, crypto.news, International Business Times, ZyCrypto, Tech Startups, CryptoPotato, Decrypt, CoinGape, BBC, Cryptopolitan, Tech in Asia, Finextra, CoinJournal, CryptoSlate, PYMNTS.com, Ethereum World News, Bitcoin News, Fortune, Forkast, Micky, Crowdfund Insider, Bitcoinist.com, Blockworks, Axios, and Web3 is Going Just Great
Tweets: @secgov, @allyversprille, @mikeseligesq, @lex_node, @garygensler, @fatmanterra, @tier10k, @parrotcapital, @davidzmorris, @collins_belton, @fintechfrank, @ryansadams, @hosseeb, @pt, @hosseeb, @revolvingdoordc, @web3isgreat, @tier10k, @lex_node, @arbedout, @baidakova, @blkchain_demons, @lex_node, @du09btc, @blaw, @nic__carter, @nic__carter, @johnreedstark, @du09btc, @hosseeb, @caspiancey, @web3isgreat, @meattc_, @esatoshiclub, @muyaoshen, @fatmanterra, @jacqmelinek, @htr_group, @zguz, @codycarbonedc, @tier10k, @meattc_, @lex_node, @jwverret, @fatmanterra, @dr_cswright, @allyversprille, @sunil_trades, @collins_belton, @collins_belton, @parrotcapital, @lonewolf_eth, @tier10k, @traderrocko, @kangspace589, @yoda, @fatmanterra, @samcallah, @parrotcapital, @autismcapital, @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The SEC says Do Kwon and Terraform Labs have withdrawn $100M+ in fiat currency from a Swiss bank since June 2022, after moving 10K+ Bitcoin out of a cold wallet — Crypto fugitive Do Kwon and the firm he founded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, Watcher Guru, CoinGape, CryptoPotato, and CryptoSlate
Tweets: @poordart, @emilyjnicolle, and @news_of_alpha
| 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, Search Engine Land, PCMag, Forbes, USA Today, TechRadar, Fortune, Memeburn, Computerworld, MSPoweruser, Insider, AI News, The Register, BigTechWire, Watcher Guru, Livemint, NBC Bay Area, Mashable, CNN, and CNET
Tweets: @melmitchell1, @kbandersen, @kasie, @parismarx, @wenbinters, @karlbode, @etzioni, @teknium1, and @pstasiatech
| Sheila Dang / Reuters: |
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Search Engine Land, Tech Xplore, WinBuzzer, OnMSFT.com, W Media Research, MIT Technology Review, and CheeseburgerGothic
Mastodon: @misc@mastodon.social, @kwun@mstdn.social, @teledyn@mstdn.ca, @brianstorms@mastodon.social, and @sheiladang@mastodon.social
Tweets: @elonmusk, @mattmcgee, @happyhermit78, @thatsjust_v_, @sheila_dang, @kenli729, @heydave7, and @martyswant
| 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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The Information, New York Post, Silicon Valley Business …, Barron's Online, Fortune, and Insider
Tweets: @tsoh_investing, @bobbywilson1004, @sal19, @samro, and @ivanthek
| 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.
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The Information, Reuters, CoinDesk, CoinGape, Ethereum World News, 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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Tech Monitor, The Verge, Neowin, TechCircle, ZDNet, Silicon Republic, PCMag, and Fortune
Tweets: @jasoncrawford, @gdb, @elonmusk, @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, Tech Xplore, Light Reading, Bloomberg, and Livemint
Tweets: @clothildegouj, @claesdevreese, @markscott82, @kelseylh, @rebekahktromble, @markscott82, @benedictevans, and @bertuzluca
| 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, Engadget, Road to VR, Video Games Chronicle, crypto.news, GameSpot, The Block, TechNode, Pandaily, Forkast, Slashdot, PingWest, and Cryptonews
Tweets: @therealjoshye and @therealjoshye
| Victoria Song / The Verge: |
Fitbit plans to remove adventures, challenges, and open groups on March 27 and replace Studio with an SDK; Google says the app's features were of “limited use” — Fitbit users: better one-up your friends in challenges while you still can. Starting March 27th …
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XDA Developers, 9to5Google, Engadget, TalkAndroid.com, Neowin, and Android Central
Tweets: @epro, @jannaschulze, and @carnage4life
| 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, Search Engine Land, 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.| Bloomberg: |
Filing: the Saudi Arabian Public Investment Fund's Savvy Games Group now owns 8.3% of Nintendo, the largest outside stake, up from ~6% at the start of 2023 — Saudi Arabia's Public Investment Fund became the largest outside shareholder of Nintendo Co. on Friday, in the latest move by the Gulf state to lower its reliance on oil.
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GamesIndustry.biz, Axios, Associated Press, Game Developer, Video Games Chronicle, My Nintendo News, Eurogamer.net, GameSpot, and GoNintendo
Tweets: @knoebelbroet, @alexjamesfitz, @serkantoto, @6d6f636869, and @gibiz
| Josh Ye / Reuters: |
Lenovo reports Q3 revenue down 24% YoY to $15.3B, its largest revenue decline in 14 years, net income down 32% YoY to $437M, and warns of spending and job cuts — China's Lenovo Group Ltd (0992.HK) reported a 24% revenue decline for the third quarter, its largest revenue fall in 14 years …
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The Register, Tom's Hardware, Lenovo StoryHub, Thurrott, Financial Times, Neowin, and South China Morning Post. Mastodon: @markearnest@mstdn …
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