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June 30, 2024, 3:25 AM
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memeorandum
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| Janko Roettgers / The Verge: |
Redbox's owner, Chicken Soup for the Soul Entertainment, files for bankruptcy protection; Chicken Soup took on $325M in debt when it acquired Redbox in 2022 — Redbox's owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection overnight.
More: Deadline, Cord Cutters News, Fortune, and Engadget
Mastodon: @carnage4life@mas.to and @jank0@sfba.social
X: @ranjanxroy, @televisionaryzw, @eriqgardner, and @goparsons
Forums: Hacker News, r/dvdcollection, r/lebowski, and r/movies
| Paul Kiernan / Wall Street Journal: |
The US finalizes rules requiring custodial crypto platforms to report user transaction info to the IRS; DeFi platforms are exempt amid fierce crypto lobbying — Treasury finalizes rules to deter crypto tax evasion—but softens them after industry lobbying push| The Information: |
Source: Amazon plans to use a controversial trade rule used by Temu and Shein, which exempts packages worth $800 or less from tariffs, for its discount section — Amazon is planning to use the same controversial trade rule as Temu and Shein to import items sold on its upcoming discount … | Wired: |
Filings and DOJ officials describe how a gang threatened, assaulted, and tortured 11 victims in likely the worst crypto-focused serial extortion case in the US — More than a dozen men threatened, assaulted, tortured, or kidnapped 11 victims in likely the worst-ever crypto-focused serial extortion case of its kind in the US.
More: US Department of Justice, Metacurity, and The Daily Hodl
Mastodon: @agreenberg@infosec.exchange. X: @talbeerysec, @seppuku_you, @archerships, @sethforprivacy, @a_greenberg, and @jgrantindc
LinkedIn: Claudia Quiroz, Kyle Armstrong, and Andy Greenberg
Forums: Hacker News, r/Buttcoin, r/CryptoCurrency, and r/Bitcoin
| Financial Times: |
European fintech execs say financial services are shunning AI over job loss and regulatory fears, despite evidence that AI will boost productivity and cut costs — Industry leaders say concerns over impact of technology are outweighing benefits such as productivity gains and cost cuts
Forums: Hacker News
| Nikhilesh De / CoinDesk: |
A US judge rules that SEC charges against Binance, Binance.US, and CZ for violating federal securities laws can proceed, but dismisses secondary sales charges — A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws.| Dallin Grimm / Tom's Hardware: |
Hugging Face unveils Open LLM Leaderboard v2 that tests models across six benchmarks; Chinese models dominate the top 10 with Alibaba's Qwen taking the top spot — Optimizing LLMs to be good at specific tests backfires on Meta, Stability. — Hugging Face has released its second LLM leaderboard …
More: Hugging Face, Hugging Face, WinBuzzer, VentureBeat, MarkTechPost, MarkTechPost, Analytics India Magazine, and The Information
Forums: Hacker News and Slashdot
| Mary Ann Azevedo / TechCrunch: |
An interview with Plaid's first president, Jennifer Taylor, on expanding beyond its traditional fintech customers as its enterprise customer base crosses 1,000 — As Plaid has expanded its fintech services, so, too, has it grown its customer base. — Plaid got its start as a company … | Foo Yun Chee / Reuters: |
EU tech regulators asked Temu and Shein to provide details on how they comply with the Digital Services Act by July 12, following complaints by consumer bodies — Chinese fast-fashion e-commerce retailer Temu and China-founded peer Shein were ordered by EU tech regulators to provide details …
More: Agence France-Presse, European Commission, TechCrunch, Euractiv, and Bloomberg
X: @eu_commission and @rita_wezenbeek
| Evgeny Morozov / Financial Times: |
How Avery Johnson and Warren Brodey, early members of the American Society for Cybernetics, created a lab in 1967 with a utopian vision to personalize computing — In the late 1960s, a secret US lab was dedicated to mapping the edges of computing — At around 3pm on October 24 1968 …
X: @evgenymorozov, @jonathanshainin, @wavesblog, @justincormack, @evgenymorozov, @francesca_bria, @3eintelligence, @evgenymorozov, @profgeraintrees, @evgenymorozov, @evgenymorozov, @evgenymorozov, @cesarastudillo, @evgenymorozov, @evgenymorozov, @evgenymorozov, @evgenymorozov, @albert_sabater, and @evgenymorozov
| Christopher Mims / Wall Street Journal: |
How some doctors are using the Apple Watch to diagnose and help their patients manage medical conditions, despite the availability of FDA-approved devices — Some doctors are telling patients to get the watch to manage their conditions. Researchers study how it could be used for heart disease … | Luisa Beltran / Fortune: |
Chime buys enterprise employee rewards company Salt Labs, sources say in a deal worth up to $173M; Salt Labs had raised $18M and was valued at $80M in December — Jason Lee, the entrepreneur who cofounded the payroll service DailyPay, is selling his latest startup, Salt Labs, to neobank Chime Financial.
More: Chime, AlleyWatch, The Paypers, Forbes, Crowdfund Insider, Pulse 2.0, Grit Daily News, FinSMEs, PYMNTS.com, and Axios. X: @samboboev
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