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June 10, 2023, 5:10 PM
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Sandali Handagama / CoinDesk:
Nigeria's SEC orders that Binance halt operations in the country, deeming them illegal as the local unit is “neither registered nor regulated by the Commission”  —  The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws.
Bloomberg:
A comparison between US data and 5,100 Stable Diffusion-generated images related to job title and crime finds the tool amplifies gender and racial stereotypes  —  Heather Hiles, chair of Black Girls Code  —  At Canva, whose visual communication platform has 125 million active users …
David Yaffe-Bellany / New York Times:
The founders of Three Arrows Capital spent the past year surfing, meditating, and traveling after their crypto hedge fund collapsed, while refusing to apologize  —  The implosion of Three Arrows Capital, a cryptocurrency hedge fund, devastated the industry.
Dietrich Knauth / Reuters:
A US bankruptcy judge rules FTX can permanently redact names of individual customers from its bankruptcy filings so that they don't fall victim to scams  —  Bankrupt crypto exchange FTX received court permission on Friday to remove customer names from all filings in its bankruptcy case …
Washington Post:
NHTSA data shows Tesla's FSD and Autopilot were involved in 736 US crashes since 2019, far more than reported; the most recent data includes 17+ fatal incidents  —  Tesla's driver-assistance system, known as Autopilot, has been involved in far more crashes than previously reported
Sarah Zheng / Bloomberg:
In a virtual address to a conference in Beijing, OpenAI's Sam Altman called for global cooperation on AI safety and said China should help shape the guidelines  —  China should play a key role in shaping the artificial intelligence guardrails needed to ensure the safety of transformative new systems …
Wall Street Journal:
An interview with Gary Gensler after the SEC sued Binance and Coinbase, a fight that has existential stakes for the companies and could define Gensler's legacy  —  Agency chair focuses enforcement power on exchanges after earlier failures to subdue industry  —  WASHINGTON—Gary Gensler had seen enough.
Karissa Bell / Engadget:
In an AMA on API changes, Reddit CEO Steve Huffman says the company can't “subsidize commercial entities”, criticized the Apollo developer's behavior, and more  —  “We'll continue to be profit-driven until profits arrive,” he said.  —  Reddit CEO Steve Huffman has finally spoken publicly …

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More News

Morgan Sung / TechCrunch:
A Bluesky moderation policy change strains its relationship with Black users who expect a crackdown on bigotry even if it conflicts with its decentralized goals
Jason Schreier / Bloomberg:
The Summer Games Fest, organized by video game personality Geoff Keighley in place of E3, features Xbox, Ubisoft, and Capcom shows, but the vibe is different
Colin Wilhelm / The Block:
A US judge ruled in favor of the CFTC after Ooki DAO failed to respond to an enforcement action, setting a precedent that DAOs are liable for legal violations
Rosie Perper / CoinDesk:
Kraken launches Kraken NFT, a marketplace with 250+ NFT collections on the Ethereum, Solana, and Polygon blockchains, after a public beta debut in November 2022

Earlier Picks

Nikhilesh De / CoinDesk:
The US DOJ unseals a 2019 indictment charging two Russians with stealing ~647K BTC in the Mt. Gox hack and a 2016 filing charging one of them with running BTC-e
MK Manoylov / The Block:
Robinhood plans to end support for Solana, Polygon, and Cardano on June 27, following a company review in light of the SEC lawsuits against Coinbase and Binance
Isabella Simonetti / Wall Street Journal:
Antenna: Netflix gained more US subscribers from May 25 to May 28, after its password-sharing crackdown began, than in any other four days since at least 2019
Jon Porter / The Verge:
Spotify is testing Your Offline Mix, a new playlist feature that automatically saves a mix of users' recently played songs for offline listening
Rahat Sandhu / Reuters:
Binance.US suspends USD deposits and tells customers to withdraw their USD funds as its banking partners could stop fiat withdrawal channels as early as June 13
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