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March 27, 2023, 7:40 PM
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Top News

CFTC:
The CFTC sues Binance, CEO CZ, and a former chief compliance officer, calling the company's compliance efforts “a sham” and its structure “intentionally opaque”  —  Washington, D.C. — The Commodity Futures Trading Commission today announced it has filed …
Matt Levine / Bloomberg:
The CFTC's case vs. Binance is mainly about US clients, like high-frequency trading firms in NYC and Chicago, using an unregistered crypto derivatives exchange  —  Binance  —  A decent rule of thumb is that all cryptocurrency exchanges are doing crimes, and if you're lucky your exchange is doing only process crimes.
Binance Blog:
Binance CEO CZ says CFTC's complaint contains “incomplete recitation of facts” and Binance does not agree with “characterization of many of the issues alleged”
Daniel Taub / Bloomberg:
First Citizens agrees to acquire Silicon Valley Bank's commercial banking business from the FDIC, including all deposits and loans, at a $16.5B discount  —  First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
Frederic Lardinois / TechCrunch:
Microsoft says Teams has 280M MAUs, up from 270M MAUs in January 2022, and the rebuilt Teams rolling out to Windows' Public Preview program is twice as fast  —  Teams, Microsoft's Slack rival, has always had a bit of a reputation for being slow and resource-hungry.
Dustin Volz / Wall Street Journal:
Biden signs an EO limiting US agencies' use of hacking tools from companies that are linked to human rights abuses or are deemed to pose national security risks  —  Officials say at least 50 U.S. personnel overseas had been compromised by commercial spyware
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 mining crypto  —  Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining
Juli Clover / MacRumors:
Apple debuts iOS 16.4 with 21 new emoji, Safari push notifications for web apps on the Home Screen, Voice Isolation for calls, Crash Detection tweaks, and more  —  Apple today released iOS 16.4, the fourth major update to the iOS 16 operating system that initially came out last September. iOS 16.4 comes …
Rohan Goswami / CNBC:
Lyft co-founders Logan Green and John Zimmer plan to step down as CEO on April 17 and president on June 30; ex-Amazon executive David Risher is set to be CEO  —  - Lyft's cofounders, Logan Green and John Zimmer, will step back from their day-to-day roles as CEO and president, respectively.
Sarah Zheng / Bloomberg:
Kaspersky: some versions of Pinduoduo, which Google suspended from its app store, exploited Android vulnerabilities to install backdoors and access user data  —  Security researchers at Moscow-based Kaspersky Lab have identified and outlined potential malware in versions …
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 held ~$4.14B worth of BTC on March 23  —  - MicroStrategy now has a little more than $4 billion worth of bitcoin in its corporate coffers.
Katie Haun / Wall Street Journal:
Regulators are choking the crypto industry in the US, but major policy decisions should be made by Congress and state legislatures, not by unelected officials  —  The effort would stifle American innovation and competition—and that seems to be the objective.  —  WSJ Opinion: Congress Hammers TikTok
Emma Roth / The Verge:
Zoom partners with OpenAI to expand its Zoom IQ assistant with features to generate whiteboards from text prompts, recap meetings, summarize threads, and more  —  Zoom has become the latest productivity app to expand its use of artificial intelligence.  In a blog post published on Monday …
Richard Milne / Financial Times:
Ammo maker Nammo says its growth is limited by a TikTok data center using all the spare electricity, as energy demand across industries grows in the Nordics  —  Norwegian group Nammo blames ‘storage of cat videos’ for threatening its growth as data centre corners spare electricity

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This is a Techmeme archive page. It shows how the site appeared at 7:40 PM ET, March 27, 2023.

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From Mediagazer

Pew Research Center:
Survey: 80% of Americans say being informed about the news is essential to voting, but only 8% say people in the US have a responsibility to pay for news

Michael Savage / The Guardian:
In written testimony, a private investigator says Mail titles remained his “best customers” for two years after his 2005 conviction for disclosing private info

Andy Sheehan / CBS News:
Local efforts to keep the Pittsburgh Post-Gazette operating appear to have stalled; one potential buyer blames owner Block's unwillingness to speak with buyers

More News

Margaux Nijkerk / CoinDesk:
Polygon launches the mainnet beta of its zkEVM layer 2 scaling solution for Ethereum, three days after rival Matter Labs released its own zkEVM, zkSync Era
Chris Welch / The Verge:
Sonos Era 300 review: the best spatial audio from any speaker, flexible connectivity options, but a poor Sonos app UX, and spatial audio quality varies by track

Earlier Picks

Reuters:
Sources: Jack Ma has returned to China after over a year; sources: since late 2022, China Premier Li Qiang had urged Ma to return to allay private sector fears
Simon Sharwood / The Register:
The French government bans TikTok and all other recreational apps from staff phones, claiming that none have sufficiently robust security for government devices
Sarah E. Needleman / Wall Street Journal:
A look at Modulate's ToxMod and other AI-based tools that help gaming companies moderate voice chats in online games, amid concerns of accuracy and user privacy
Bloomberg:
Sources: the Hong Kong arms of three Chinese state banks reached out to offer services to crypto companies in the past few months, despite a mainland crypto ban
Pranshu Verma / Washington Post:
A mid-March Midjourney update seemingly fixed one of the AI image generator's major failings: its inability to depict lifelike human hands with five fingers
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