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June 17, 2023, 8:05 PM
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Top 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.
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 …
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 …
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.
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.
Sheila Dang / Reuters:
Source: Twitter CEO Linda Yaccarino tells investors no major ad holding firms are recommending an ad pause now and highlights a focus on video and partnerships  —  Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company's business beyond digital advertising …
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 …

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This is a Techmeme archive page. It shows how the site appeared at 8:05 PM ET, June 17, 2023.

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From Mediagazer

New York Times:
Sources: Sony Pictures and Apollo Global formally express interest in acquiring Paramount for ~$26B; Paramount's negotiating period with Skydance ends May 3

College Media Association:
A coalition of collegiate and professional press freedom groups urges campus administrators to respect the rights of student journalists covering protests

Jim Edwards / Press Gazette:
A look at 1440, a media brand with a single daily newsletter that aggregates news and has 3.5M subscribers, 15 staff, and ~$15M in annual revenue

More News

Leah Nylen / Bloomberg:
FTC docs: Lina Khan did not recuse herself in the Meta/Within acquisition case, after a top FTC ethics official recommended that she should, but let her decide

Earlier Picks

Sean Lyngaas / CNN:
Oregon and Louisiana warn that the MOVEit hackers may have stolen the SSNs and driver's license numbers of 3.5M Oregonians and 3M+ Louisianians from state DMVs
Andrew Tarantola / Engadget:
Meta unveils Voicebox, a generative text-to-speech model the company hopes could be the ChatGPT of the spoken word, but won't release an app citing misuse risks
Benedict Evans:
Apple Vision Pro shows that current AR/VR devices, like Meta's Quests, aren't good enough to break out of the gaming market and need a step change in capability
Bloomberg:
NY AG's documents: Tether once counted Chinese companies' securities among its reserves; in July 2022, Tether claimed not to be holding Chinese commercial paper
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