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June 17, 2023, 9:10 PM
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memeorandum
WeSmirchTop News
| Boone Ashworth / Wired: |
Reddit's management risks putting the service in a death spiral as users revolt, dedicated moderators quit, and its vibrant content moves to other platforms — When the user revolt ends—if it ever does—Reddit's community won't ever be the same. — It's pretty easy to piss people off on Reddit.| Igor Bonifacic / Engadget: |
Similarweb: Reddit had ~52M visitors on Tuesday, June 13, down from 57M the day before blackouts began; average session was 7.2 minutes, lowest in three years — The protest appears to have had a small but noticeable effect on the platform. — When more than 8,000 subreddits went dark … | Andrew Throuvalas / Decrypt: |
Block announces an open beta program for Bitkey, its self-custodial Bitcoin wallet, with Coinbase and CashApp integrations — Bitkey will allow beta users to withdraw Bitcoin from Coinbase and Cashapp using “copy and paste.” — Jack Dorsey's payments company Block announced an open beta program …
More: Coinbase Blog, CoinDesk, The Daily Hodl, The Block, and ZyCrypto
Tweets: @coinbase, @jack, @ltgrossman, @ltgrossman, @alejandro_btc, and @ltgrossman
| Nikhilesh De / CoinDesk: |
A US federal judge signs off on a temporary agreement between Binance, Binance.US, and the SEC to ensure only Binance.US employees can access US customer funds — The proposed agreement addresses the SEC's motion for a temporary restraining order. — A federal judge signed off …
More: U.S. Securities …, CourtListener, New York Times, Cointelegraph, CryptoSlate, Bitcoin News, Bloomberg, CoinGape, DL News, The Block, Coinpedia Fintech News, and Reuters. Forums: r/CryptoCurrency
| Camomile Shumba / CoinDesk: |
Report: a group of central banks developed 33 API functionalities to test 30+ CBDC online, offline, and in-store use cases, via QR codes, phones, and more — An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.
More: Quant, BIS, crypto.news, Cryptopolitan, CoinGape, Coinspeaker, blockchainreporter, Watcher Guru, and Finextra
| Tonya Riley / CyberScoop: |
Genetic testing company 1health.io settles by paying $75K to the FTC for exposing sensitive health data, in the first FTC enforcement over genetic information — The case is the latest in a series of FTC enforcement actions focused on health data privacy and the first involving genetic information.
More: Federal Trade Commission, The Record, LAW.com, Washington Post, GovInfoSecurity.com, and Forbes
Tweets: @cyberscoopnews, @montezumachavez, and @montezumachavez
| Wall Street Journal: |
Meta scrambles to refocus its resources on usable AI products after a decade-long focus on research in its AI division disincentivized work on generative AI — The CEO considers artificial intelligence critical to long-term growth and is taking more control over efforts.| Wes Davis / The Verge: |
Google makes third-party “smart chips” in Docs available to all Workspace and personal Google accounts, letting users pull and view data from third-party apps — You can now embed third-party app “smart chips” into your Google Doc after the company announced yesterday that the feature …
More: Google Workspace Updates
| Niket Nishant / Reuters: |
Crypto payments startup Wyre is winding down and says that investors can withdraw assets through July 14, months after Bolt scrapped its $1.5B Wyre acquisition — Cryptocurrency infrastructure provider Wyre is winding down, feeling the pinch of dwindling interest in a market that was once hailed as the next frontier of finance.
More: Cointelegraph, Wyre Blog, Crowdfund Insider, Inside Bitcoins, The Information, and San Francisco Business Journal. Tweets: @sendwyre
| Wall Street Journal: |
Sources: the US has found it difficult to distinguish between tech that China can use for its military and tech used commercially by firms, particularly with AI — Defining risky artificial intelligence poses challenge as Washington moves to curb investment in Chinese tech
Tweets: @jchengwsj, @davidmwessel, and @bobdavis187
| June Yoon / Financial Times: |
Chipmakers like TSMC and Samsung race to curb emissions as chip manufacturing makes up most of a device's carbon output, a tough job in fossil fuel-reliant Asia — Meanwhile sister companies with green energy knowhow look set to cash in — A greener future is not necessarily a lower-tech future.| Brad Stone / Bloomberg: |
How a seminal 2017 paper by Google researchers laid the groundwork for the 2020s AI boom, causing a Silicon Valley frenzy not seen since the 1990s dot-com fever — In late May, 300 entrepreneurs, venture capitalists, journalists and assorted self-described thought leaders crammed into Shack15 …
LinkedIn: Peter Leyden. Tweets: @iporollo, @bw, @business, @dinabass, @rachelmetz, @scale_ai, @kantrowitz, and @bradstone
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