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March 14, 2023, 9:00 AM
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| David Enrich / New York Times: |
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives — Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
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The Intercept, Bloomberg, Wall Street Journal, New York Times, Lucky Trader, CryptoSlate, Coinpedia Fintech News, Bloomberg, Financial Times, The Block, Associated Press, ZyCrypto, and Bitcoin News
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@stevenkelly49, @jayparsons, @deitaone, @tristansnell, @joebiden, @keitholbermann, @andrewrestuccia, @eliotwb, @markfollman, @davidsirota, @liz_franczak, @unusual_whales, @thestalwart, @tphillips, @jstein_wapo, @sullycnbc, @frognews, @stevenkelly49, @markmobility, @rokhanna, @bykowicz, @bykowicz, @bobbybigwheel, @stevenzzhou, @davidenrich, and @kenklippenstein
| Andrew Ackerman / Wall Street Journal: |
Sources: the FDIC is planning another SVB auction, after failing to find a suitor on March 12; at least one offer had been made, which was rejected by the FDIC — Auction comes after failed attempt to find suitor on Sunday — The Collapse of Silicon Valley Bank: What You Need to Know| Iain Withers / Reuters: |
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Bank of England, BBC, TechCrunch, Financial Times, HSBC, Blockonomi, Cointelegraph, Bitcoin News, DealStreetAsia, France 24, Bloomberg, and Wired UK
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@jeremy_hunt, @cetier1, @hmtreasury, @jamestitcomb, @douglas4moray, @wublockchain, and @nigel_farage
| U.S. Department of the Treasury: |
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Board of Governors …, Bloomberg, Financial Times, FDIC, Decrypt, The Guardian, SVB Financial Group, Cryptopolitan, The Atlantic, VICE, Cyble, Crypto Daily, Bitcoinist.com, Bloomberg, The Motley Fool, CoinDesk, The Afroconomist, MediaNama, Los Angeles Times, Wired, The Logic, Coinspeaker, Nextgov, and Silicon Valley Business …
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| Platformer: |
Sources: Microsoft laid off one of its responsible AI teams that was tasked with assessing the risks associated with integrating OpenAI's tech into its products — As the company accelerates its push into AI products, the ethics and society team is gone — I.| Adam Morgan McCarthy / The Block: |
Meta plans to wind down its work on NFTs “for now” to focus on other ways of supporting creators and will continue working on Meta Pay — - Meta is ditching its NFT efforts, for now, according to executive Stephane Kasriel. — Meta is ditching its pursuit of NFTs as the company looks …
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The Verge, Web3 is Going Just Great, PCMag, Reuters, Cointelegraph, Silicon Republic, TechCrunch, KnowTechie, crypto.news, SiliconANGLE, TechCircle, The Register, Coinspeaker, CoinGape, gHacks Technology News, Techlusive, Bitcoinist.com, Metaverse Post, B&T, CoinJournal, Ad Age, Mashable, Neowin, Decrypt, and Fortune
Mastodon:
@maria@thelife.boats. Tweets:
@skasriel, @dave_krugman, @skasriel, @skasriel, @skasriel, @punk9059, @smdiehl, @merts_eth, @wongmjane, @skasriel, @nickstatt, @chrismessina, @tante, @tomfgoodwin, @bayc2745, @pixiekate13, @ryy_wills, @jebus911, @farokh, @samsantala, @joshconstine, @nkumar23, @bertugoymak, @sergitosergito, @aeyakovenko, @samfbiddle, @jacquescolimon, @tomwarren, @pixiekate13, @tomaxwell, @mgsiegler, @tier10k, @lakoz_, and @rjcc
| Alexander Osipovich / Wall Street Journal: |
Sources: the US DOJ is investigating the May 2022 collapse of the TerraUSD stablecoin; the SEC filed a suit against Terraform Labs and Do Kwon last month — FBI and New York officials have questioned former Terraform Labs team members — The Justice Department is investigating …
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Blockworks, CoinDesk, crypto.news, Forkast, Cointelegraph, CryptoSlate, and Ethereum World News
Tweets:
@fintechfrank, @poordart, @fatmanterra, @autismcapital, @allyversprille, @mdudas, @tier10k, and @molly0xfff
| Bloomberg: |
Source: US prosecutors are looking at Telegram group chats between employees at Jump, Jane Street, and Alameda in May 2022 over the collapse of TerraUSD — US prosecutors are scrutinizing chat-group conversations among prominent trading firms including Jump Trading Group and Jane Street Group …
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Bloomberg Law and The Block
Tweets:
@tier10k, @ldrogen, @mjpldn, @newmoneyreview, @sgtskill, @theskyhopper, @scupytrooples, @yueqi_yang, @smdiehl, @yueqi_yang, and @tier10k
| Reuters: |
Sources and documents: India plans to force smartphone makers to let users remove pre-loaded apps and will mandate screening OS updates via new security rules — India plans to force smartphone makers to allow removal of pre-installed apps and mandate screening of major operating system …
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Android Authority, Android Police, MacRumors, Sammy Fans, and Patently Apple
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@eric_seufert, @adityakalra, @adityakalra, @munsifv, @ahmermkhan, @munsifv, @munsifv, and @adityakalra
| Will Oremus / Washington Post: |
Experts say that, in the short term, the promise and perils of generative AI may be more modest than the fervor surrounding tools like ChatGPT makes them seem — Hype and fear collide in the tech industry's latest boom — If you listen to its boosters, artificial intelligence is poised …
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The Atlantic, Computerworld, and The Road to AI We Can Trust
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@theatlantic, @washingtonpost, @shiraovide, @willoremus, @irannewsnow, @neilturkewitz, @_felixsimon_, @adam_k_levin, and @garymarcus
| Kate Clark / The Information: |
Sources: Y Combinator will not raise another Continuity Fund, which backs late-stage startups, and the two partners who led the fund plan to leave the company — Silicon Valley startup accelerator Y Combinator won't raise another continuity fund, which backs mature private tech companies, two people familiar with the matter said.
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Y Combinator, Techpoint Africa, Inc42 Media, Tech in Asia, and The Economic Times
Tweets:
@fendien, @kateclarktweets, @pt, @brianbrackeen, @carnage4life, @yuris, @pitdesi, @madhavchanchani, and @umangdua
| Natasha Mascarenhas / TechCrunch: |
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Silicon Republic, Moneycontrol, DealStreetAsia, Trak.in, and Insider
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@jason, @nmasc_, and @robindchnt
| Financial Times: |
Sources: China begins to impede subsea internet cable projects in the South China Sea over spying fears, imposing strict permit requirements and approval delays — Beijing imposes strict permit requirements for access to underwater data infrastructure over spying fears
Tweets:
@chellaney, @annasophiegross, @scs_disputes, @tanarrowz, and @tomgrundy
| Rest of World: |
An in-depth look at tech's terrible 2022 in numbers: VC investment and IPOs falling globally, an 85% drop in new unicorns, layoffs impacting 280,000+, and more — Reduced investment and large-scale layoffs have created dark times for tech globally. — In March 2022, the future of Muni, a Colombian e-commerce startup, looked bright.
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Rest of World and The Information
Tweets:
@carnage4life, @issielapowsky, @vickiturk, @the_bongrel, and @dandiba
| Preetika Rana / Wall Street Journal: |
A California appeals court reverses a lower court ruling that found Prop 22 was illegal, preserving the independent contractor model of Uber, Lyft, and others — Ruling upholds Proposition 22, which preserves gig-economy business model — Uber Technologies Inc., UBER -0.93%decrease …
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PYMNTS.com, Silicon Republic, Agence France-Presse, Reuters, CNBC, Los Angeles Times, Barron's Online, BBC, Coinspeaker, WRAL TechWire, New York Times, Quartz, Associated Press, Washington Post, SiliconANGLE, Engadget, San Francisco Business Journal, The Verge, TechCrunch, Chamber of Progress, and Politico
Tweets:
@adamkovac and @imadeiyamu
| Cristina Criddle / Financial Times: |
Sources: multiple women accuse London-based TikTok executive Steve Ware of sexual harassment and say TikTok mishandled the allegations, a pattern at the company — Woman's employment contract terminated after internal probe into complaint about advances made by senior manager| Janko Roettgers / The Verge: |
A look at the shift to the ATSC 3.0 TV broadcast standard, still not available in many major markets since its 2017 launch, as free streaming TV channels surge — Antenna television is back. In recent years, millions of cord-cutters have rediscovered antennas as a reliable … | Dan Goodin / Ars Technica: |
Trend Micro: the Emotet botnet, which has returned after a months-long hiatus, is using binary padding and other new tricks to get users to download malware — Quoting Herman Melville is only one of Emotet's latest innovations. — Widely regarded as one of the Internet's top threats …
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Cofense, Deep Instinct, and Trend Micro
| Tom Warren / The Verge: |
Microsoft plans to make 3D avatars available to all Teams users in May 2023, after announcing the feature in 2021 and testing them privately in recent months — Microsoft originally announced the avatars feature in 2021 and has been testing it privately in recent months.| STAT: |
Insurers are using unregulated predictive algorithms to pinpoint the precise moment when they can plausibly cut off payment for the treatment of older patients — An algorithm, not a doctor, predicted a rapid recovery for Frances Walter, an 85-year-old Wisconsin woman with a shattered left shoulder and an allergy to pain medicine.
Tweets:
@marshacollier, @maartenvsmeden, @sangerkatz, @statnews, @statnews, @statnews, @larry_levitt, @manas8u, @dancow, @helenbranswell, and @ariellelb
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