| Daniel Taub / Bloomberg: |
First Citizens agrees to buy the commercial banking business of Silicon Valley Bank from the FDIC including all deposits and loans — First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.| New York Times: |
Filing: some Twitter source code was leaked by user “FreeSpeechEnthusiast” on GitHub, which removed the code to comply with Twitter's DMCA notice on March 24 — The leak adds to the challenges facing the Elon Musk-owned company, which is trying to unmask the person responsible and any other people who downloaded the code.| Alex Hern / The Guardian: |
Nvidia CTO Michael Kagan says crypto does not “bring anything useful for society” and other processing power uses like AI are more worthwhile than crypto mining — Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining| Sarah Zheng / Bloomberg: |
Kaspersky: some versions of Pinduoduo, suspended by Google from its app store, exploited Android vulnerabilities to install backdoors and gain user data access — Security researchers at Moscow-based Kaspersky Lab have identified and outlined potential malware in versions … | Bloomberg: |
The US Commodity Futures Trading Commission sues Binance and its CEO CZ for allegedly breaking trading and derivatives rules — Binance Holdings Ltd., the world's largest cryptocurrency exchange, and Chief Executive Officer Changpeng Zhao, were sued by the US Commodity Futures Trading Commission … | Larry DiTore / The Block: |
Filing: MicroStrategy bought 6,455 BTC for ~$150M from February 16 to March 23 at an average price of $23,238; the company now holds ~$4.14B worth of BTC — - MicroStrategy now has a little more than $4 billion worth of bitcoin in its corporate coffers. — MicroStrategy scooped … | Matt Burgess / Wired: |
Porn creators in Germany face fines and imprisonment as regulators use AI to spot porn not protected by age verification tech on social media and messaging apps — Regulators are using an AI system to scan websites and messaging apps to find pornography. Creators face fines and potential prison sentences.| Richard Milne / Financial Times: |
Ammo maker Nammo says its growth is hit by a TikTok data center using all spare electricity, as energy demand from data centers and others grows in the Nordics — Norwegian group Nammo blames ‘storage of cat videos’ for threatening its growth as data centre corners spare electricity| Bloomberg: |
Sources: the Hong Kong arms of three Chinese state banks have reached out to offer services to crypto businesses in recent months, despite a mainland crypto ban — Crypto firms rushing into Hong Kong after the city opened its doors to the battered sector are finding a surprising source of potential support: China's state-owned banks.| Reuters: |
Sources: Jack Ma returned to China after more than a year; sources: China Premier Li Qiang urged Ma to return since late 2022 to allay private sector fears — Alibaba (9988.HK) founder Jack Ma has returned to China, ending a stay overseas of more than a year that industry viewed as reflecting … | Frederic Lardinois / TechCrunch: |
Microsoft says Teams has 280M MAUs, up from 270M in Jan. 2022, and says it has rebuilt Teams to be twice as fast, rolling out to Windows' Public Preview program — Teams, Microsoft's Slack rival, has always had a bit of a reputation for being slow and resource-hungry.| Simon Sharwood / The Register: |
The French government bans TikTok and all other recreational apps from staff phones, claiming none have sufficiently robust security for government devices — Meanwhile the US contemplates drastic action — The government of France has banned TikTok - and all other recreational apps - from phones issued to its employees.
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