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May 8, 2023, 11:15 PM
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| Ryan Browne / CNBC: |
Coinbase CEO Brian Armstrong says the US SEC is on “a lone crusade”, rows back on his suggestion the company may leave the US, and expresses interest in the UAE — - The SEC earlier this year served Coinbase with a Wells Notice. — Brian Armstrong, Coinbase's CEO … | Ryan Browne / CNBC: |
Ripple's CEO says the company will have spent $200M fighting SEC's lawsuit that accuses him, a co-founder, and Ripple of selling XRP as an unregistered security — - Ripple will have spent $200 million by the time its legal battle with the U.S. Securities and Exchange Commission is over, CEO Brad Garlinghouse said.
More:
PYMNTS.com, CoinDesk, Bitcoin News, Coinspeaker, Watcher Guru, Cryptopolitan, NewsBTC, CoinGape, San Francisco Business Journal, CryptoSlate, and Bitcoinist.com. Tweets:
@ldrogen
| David Pierce / The Verge: |
How Google's attempt to create a better, faster mobile web for media companies with the AMP standard ended up ruining publishers' trust in the internet giant — Google promised to create a better, faster web for media companies with a new standard called AMP. In the end, it ruined the trust publishers had in the internet giant.
More:
The Verge, Pixel Envy, Nieman Lab, and Digital Content Next
Tweets:
@rustybrick, @emilybell, and @jason_kint
| Ingrid Lunden / TechCrunch: |
Qualcomm acquires Israel-based Autotalks, a fabless chipmaker that improves safety in bikes, cars, and other vehicles, sources say for between $350M and $400M — Qualcomm's longer term bet on the automotive sector as a lucrative customer base for its chips and related communications technology … | Jennifer Elias / CNBC: |
Internal docs: Google plans to announce generative AI updates at Google I/O on May 10, including launching PaLM 2, a general-use LLM supporting 100+ languages — - Google's hefty investments in artificial intelligence will be on display at its annual developer conference this week.| Nikhilesh De / CoinDesk: |
Crypto exchange Bittrex files for bankruptcy in Delaware; filing: the company estimates both its liabilities and assets to be between $500M and $1B — Bittrex already announced its intention to exit the U.S., but also faces an SEC enforcement action. — Crypto exchange Bittrex has filed … | Steve Mollman / Fortune: |
OpenAI CEO Sam Altman says “technology is not yet good enough that people can be full remote forever, particularly on startups” — OpenAI CEO Sam Altman isn't averse to change—he helped kickstart the current A.I. race with chatbot ChatGPT, after all, threatening to upend multiple industries …
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The Information, Tech.co, TechSpot, and Slashdot
LinkedIn:
Andrew Padilla, Scott Panzer, Noah Gift, Sahil Mansuri, and Ahmet Emre Acar. Mastodon:
@ashedryden@scholar.social
| Stephen Nellis / Reuters: |
LinkedIn to cut 716 jobs and shut down InCareer, its local jobs app in China, by August 9, citing fierce competition and a challenging macroeconomic climate — LinkedIn, the social media network owned by Microsoft Corp (MSFT.O) that focuses on business professionals, said on Monday … | Munsif Vengattil / Reuters: |
Truecaller plans to make its caller ID service available globally over WhatsApp and other messaging apps later in May to help users spot potential spam calls — Truecaller (TRUEb.ST) will soon start making its caller identification service available over WhatsApp and other messaging apps …
More:
Neowin, Gearrice, CNBC-TV18, XDA Developers, Slashdot, and Times of India
Tweets:
@newsbfm, @hiteshrajbhagat, @alanmamedi, and @truecaller
| Ashley Capoot / CNBC: |
Palantir Q1: revenue up 18% YoY to $525M, vs. $506M est., and says its Artificial Intelligence Platform for private datasets is coming in May; PLTR jumps 23%+ — - Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts' estimates on top and bottom lines.| Akanksha Khushi / Reuters: |
Binance halted bitcoin withdrawals for an hour late on May 7 and for several hours on May 8, blaming heavy volumes and an unanticipated rise in network gas fees — Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees … | Bloomberg: |
Despite China banning crypto in September 2021, citizens, industry insiders, and FTX's creditor lists suggest Chinese residents continue to trade digital assets — Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets.
More:
Cryptopolitan, Cryptonews, Forkast, and Bitcoinist.com
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