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August 16, 2023, 2:15 PM
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| Timmy Shen / The Block: |
Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users — - Coinbase is now allowed to operate as a futures commission merchant and offer eligible U.S. customers access to crypto futures from its platforms, the company said.
More: Coinbase, The Information, Business Today, Metaverse Post, Finextra, CCN.com, Coinspeaker, CoinDesk, Reuters, Fortune, Crypto Briefing, The Crypto Basic, Bloomberg, CryptoSlate, Cryptopolitan, DL News, Tech Startups, crypto.news, Wall Street Journal, 24/7 Wall St., Bitcoinist.com, Coinpedia Fintech News, Watcher Guru, CoinGape, CryptoPotato, Blockworks, Ethereum World News, Decrypt, CoinJournal, Crowdfund Insider, Cointelegraph, and Forkast
X: @coinbase, @coinbase, @brian_armstrong, @iampaulgrewal, @faryarshirzad, @northrocklp, @tphillips, @arthurb, @defisurfer808, and @metalawman. LinkedIn: Paul Grewal
Forums: r/CryptoCurrency and r/ethtrader
| Nico Grant / New York Times: |
Docs: Google DeepMind has been developing generative AI to perform 21+ different types of personal and professional tasks, including to give users life advice — The tech giant is evaluating tools that would use artificial intelligence to perform tasks that some of its researchers have said should be avoided.| Sankalp Phartiyal / Bloomberg: |
Sources: Foxconn's plant in Tamil Nadu, India plans to deliver iPhone 15 units weeks after Chinese factories; output previously lagged by six to nine months — - Apple is diversifying iPhone supply chain away from China — India's push to become a manufacturing hub is bearing fruit| Financial Times: |
More: Apple Must, The Register, and The Economic Times
| Bloomberg: |
Intel ends its $5.4B bid to acquire Israeli company Tower Semiconductor, announced in February 2022, after failing to win Chinese regulatory approval in time — - Deal for Tower Semiconductor needed Chinese antitrust approval — Intel Corp. walked away from its attempt …
More: Intel, Ars Technica, SiliconANGLE, Wall Street Journal, Silicon Republic, Computerworld, Silicon Valley Business …, New York Times, The Verge, Financial Times, CNBC, Associated Press, Tom's Hardware, TechSpot, Livemint, South China Morning Post, Reuters, Globes Online, Coinspeaker, Neowin, 9to5Mac, Barron's Online, ChinaTechNews.com, and Phoronix
| Hannah Miller / Bloomberg: |
Crypto custody startup BitGo raised $100M at a $1.75B valuation from unnamed US and Asian investors; Galaxy Digital scrapped a $1.2B BitGo acquisition in 2022 — The crypto company raised $100 million from new investors, emphasizing its focus on following rules and regulations.
More: PRWeb, SiliconANGLE, Crunchbase News, FinSMEs, Decrypt, NFTgators, Bitcoin News, Cointelegraph, Coinpedia Fintech News, The Block, Crowdfund Insider, and CoinDesk
X: @bitgo and @silvermanjacob
| Kif Leswing / CNBC: |
Apple backtracks and moves the iPhone's “end call” button back to the middle of the screen, from the bottom-right corner, in the latest iOS 17 beta — - Apple has moved the end call button back to the middle of the screen in the the newest developer version of iOS 17 released on Tuesday.| Bloomberg: |
Documents: Amazon plans to impose a new 2% fee per sale on merchants who ship products themselves, on top of the ~15% fee they already pay, starting in October — - The new levy comes even with an FTC antitrust suit looming — Merchant fees generate revenue as online sales growth slows| Andrew J. Hawkins / The Verge: |
As San Francisco opens to 24/7 robotaxis, a look at Cruise and Waymo cars causing traffic jams and obstructing emergency vehicles, unraveling the public's trust — The day after California regulators handed driverless car companies a major victory, allowing them to expand …
More: The Register, Light Reading, Bloomberg, TechSpot, The Robot Report, PCMag, and Insider
| Chris Vallance / BBC: |
Sama CEO Wendy Gonzalez says the company no longer plans to take harmful content moderation work from Meta and she regrets the work, after some staff sued Sama — A firm which was contracted to moderate Facebook posts in East Africa has said with hindsight it should not have taken on the job.| Makena Kelly / The Verge: |
New York City bans TikTok from city-owned devices and requires agencies to remove the app within the next 30 days, after a review by the NYC Cyber Command — New York City is banning TikTok from city-owned devices and requiring agencies to remove the app within the next 30 days.| Financial Times: |
The UK plans to host an AI summit in November 2023 with “like-minded” countries, academics, and executives from DeepMind, Microsoft, OpenAI, Anthropic, and more — ‘Like-minded’ states to be asked to Bletchley Park along with tech executives and academics| Caitlin Harrington / Wired: |
OSHA investigations and 11 interviews: Amazon's first aid clinics put warehouse staff at risk by keeping them working instead of referring them to medical care — A WIRED investigation and federal citations show how first aid clinics in Amazon warehouses sometimes direct injured employees … | Jay Peters / The Verge: |
Epic Games expands its Epic Online Services crossplay tools from PC to PlayStation, Xbox, and Switch, helping developers more easily add crossplay multiplayer — The change could mean that developers will be able to more easily bring crossplay multiplayer to their games.| Alexandra Alter / New York Times: |
The Authors Guild, the American Booksellers Association, and the Open Markets Institute urge the DOJ and the FTC to investigate Amazon's book market “monopoly” — The online retailer's size and sway affects the free exchange of ideas, the groups argue.
More: Axios, The Verge, New York Post, and Open Markets Institute
X: @billineastala, @openmarkets, and @openmarkets
| Leah Nylen / Bloomberg: |
Filing: Leslie Kilgore and Andrea Wishom stepped down from Nextdoor's board on August 1 after the US DOJ raised concerns they were also on Pinterest's board — - DOJ is cracking down on directors serving on rival companies| Jay Peters / The Verge: |
Some users of X Pro, formerly TweetDeck, see an X Blue paywall when trying to use the tool; on July 3, X said that X Pro would be subscriber-only “in 30 days” — X, the social network formally known as Twitter, appears to be finally following through on its promise to make TweetDeck a paid service.
More: Thurrott, Android Police, TechCrunch, Tech Startups, Android Headlines, Twitter Help Center, CNBC, KnowTechie, MobileSyrup, 9to5Google, Mashable, TweakTown, Agence France-Presse, Techaeris, Engadget, The Wrap, and Washington Post
Threads: @diegojimenez, @jaypetersplus, @reckless1280, and @reckless1280. Mastodon: @TodayInTwitter@mastodon …
Bluesky: @marygillis.bsky.social, @jeffasher.bsky.social, @velodus.bsky.social, @kevdgrussing.bsky.social, @tananarivedue.bsky.social, and @darthbluesky.bsky.social
| Olivia Poh / Bloomberg: |
Southeast Asian giant Sea's stock fell 29%, its largest single-day drop, wiping out nearly $10B to hit a $23B market cap, down ~$180B from a November 2021 peak — - Singapore e-commerce stock drops to lowest ever as sales slow — Competition intensifies as Alibaba, TikTok gain shopping users
More: Reuters, Tech in Asia, Nikkei Asia, and Bloomberg
| Politico: |
By the end of August, the EU plans to use the DSA to force online platforms with 45M+ EU users to prove they are ensuring their products aren't harming children — Glazed eyes. One syllable responses. The steady tinkle of beeps and buzzes coming out of a smartphone's speakers.
Forums: r/europe
| Elizabeth Howcroft / Reuters: |
PayPal plans to “temporarily pause” letting UK users buy crypto from October 1, to work on complying with new regulations, and restart support in “early 2024” — Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform …
More: CoinDesk, Decrypt, The Block, Cryptonews, Crypto Daily, Coinpedia Fintech News, Watcher Guru, crypto.news, Cointelegraph, CryptoSlate, CoinGape, and CoinJournal. X: @deitaone
| Ryan Weeks / The Block: |
Layer 1 blockchain startup ZetaChain raised $27M from Blockchain.com and others and plans to launch its mainnet soon; ZetaChain has 27K+ dApp contracts deployed — - Several crypto and trading heavyweights, including Blockchain.com and Jane Street Capital, participated in the fundraise.
More: ZetaChain Blog and Cointelegraph
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