| Bloomberg: |
Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens — - North Korean group Lazarus suspected by industry researchers — Prices of Ether, Bitcoin and other tokens decline after theft| RT Watson / The Block: |
Arkham says ZachXBT submitted proof that North Korea's Lazarus Group is behind Bybit's $1.5B hack, which is the largest single theft in crypto history — - Arkham Intelligence said Lazarus Group hacked Bybit for over $1.5 billion, citing information provided by online sleuth ZachXBT.| Mark Gurman / Bloomberg: |
Apple removes Advanced Data Protection for iCloud in the UK after the government ordered it to build a backdoor, something the company says it will never do — - Company removes Advanced Data Protection feature for UK users — “We never will” build backdoor to user data, iPhone maker says| Jesse Pound / CNBC: |
Coinbase says the US SEC agreed “in principle” to drop its 2023 case against the company, calling it “righting a major wrong” and a “huge day” for crypto — - CNBC Councils — CNBC on Peacock — Join the CNBC Panel — Supply Chain Values| Muyao Shen / Bloomberg Tax: |
| Bloomberg: |
NetEase CEO William Ding has cut hundreds of jobs, closed game studios, and reduced international investment as he refocuses on a smaller portfolio of titles — - Hundreds of staffers and about a dozen games have been cut — Founder William Ding sets elevated expectations for results| Bloomberg: |
The Hang Seng Tech Index, which tracks the top 30 Hong Kong-listed tech firms, rose 6.5% on February 21, hitting its highest level since early 2022 — - Alibaba, Bilibili, Lenovo surge in HK after reporting results — Xi's meeting with sector leaders is another catalyst: analyst| Ricardo Brito / Reuters: |
| Cade Metz / New York Times: |
OpenAI says it found evidence of an AI-powered surveillance tool used by a Chinese security operation to identify anti-China posts on social media in the West — The company said a Chinese operation had built the tool to identify anti-Chinese posts on social media services in Western countries.| David Heaney / UploadVR: |
Apple releases visionOS 2.4 developer beta, adding Apple Intelligence, a guest mode, a Spatial Gallery app, an iPhone app for remote installs, and more — visionOS 2.4 will bring Apple Intelligence to Vision Pro, a Spatial Gallery app, an iPhone app for remote installs, and a new iPhone/iPad-driven guest flow.| Bloomberg: |
Trump says Tim Cook told him that Apple “stopped two plants in Mexico” and will build products in the US instead, a move Apple hasn't publicly discussed — - President says tariff threat prompted move from planned plants — Cook, Trump held private meeting Thursday at the White House| Reuters: |
Sources: US negotiators pressing Ukraine for access to its minerals raised the possibility of cutting the country's access to Starlink if a deal is not reached — U.S. negotiators pressing Kyiv for access to Ukraine's critical minerals have raised the possibility of cutting the country's access … | Foo Yun Chee / Reuters: |
Sources: EU antitrust regulators are set to charge Google for breaching the DMA after proposed changes to its search results failed to address concerns — EU antitrust regulators are set to charge Alphabet (GOOGL.O) unit Google with breaching EU rules aimed at checking the power of Big Tech … | MacKenzie Sigalos / CNBC: |
Block shares closed down 17.69% on February 21, their steepest drop since 2020, after Q4 earnings missed est. and guidance for 2025 failed to reassure investors — Block shares plunged 18% on Friday, their steepest drop since 2020, after the company reported fourth-quarter earnings … | Kyle Wiggers / TechCrunch: |
Sakana AI walks back claims that its new AI CUDA Engineer can speed up AI training by up to 100x, after complaints about worse-than-average training performance — This week, Sakana AI, a Nvidia-backed startup that's raised hundreds of millions of dollars from VC firms, made a remarkable claim.| Reuters: |
President Trump signs a memorandum to consider retaliatory measures, including tariffs, on countries that impose digital service taxes on US tech companies — President Donald Trump has signed a memorandum to impose tariffs on countries that levy digital service taxes on U.S. technology companies, a White House official said.
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| Olga Kharif / Bloomberg: |
| Ryan Christoffel / 9to5Mac: |
| The Information: |
| Ian Duncan / Washington Post: |
| Saritha Rai / Bloomberg: |
| Ryan Christoffel / 9to5Mac: |