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February 22, 2025, 1:45 PM
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memeorandum
WeSmirchTop News
| 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
More: DL News, BBC, The Trail of Bits Blog, The Block, Cryptopolitan, The Block, TechCrunch, Decrypt, The Crypto Basic, CoinGape, PCMag, The Coin Republic, The Sun, crypto.news, The Block, Bitcoin Insider, Wired, Gulf Business, 10x Market Updates, Coinpedia Fintech News, Türkiye Today, Blockchain.News, NullTX, Crypto Briefing, Chainwire, CoinDesk, BleepingComputer, The Economic Times, Yahoo Finance, The Hacker News, CryptoNinjas, ZyCrypto, CNBC, Agence France-Presse, The Verge, PYMNTS.com, Tech in Asia, Associated Press, Wall Street Journal, TheStreet, Forbes, TheStreet, TradingView, Cointelegraph, Forbes, CryptoPotato, Bitcoin Insider, USA Insurance News …, Hackread, NewsBTC, Engadget, Fortune, Blockworks, Watcher Guru, CryptoPotato, The Crypto Times, The Record, Financial Times, The Block, Bloomberg, Finextra, The Coin Republic, Decrypt, Blockchain News, Reuters, The Crypto Times, ZeroHedge News, Cryptopolitan, NFTgators, Bitcoinist.com, CoinJournal, Web3 is Going Just Great, Benzinga, CryptoSlate, DL News, crypto.news, Coinpedia Fintech News, The Block, CoinGape, Crypto Briefing, and CoinDesk
Bluesky: @orobharris. X: @benbybit, @bybit_official, @benbybit, @benbybit, @benbybit, @mudit__gupta, @cz_binance, @hasufl, @ethena_labs, @cryptohayes, @zachxbt, @kaiz3ns, @0xcygaar, @0xngmi, @a1lon9, @0xcygaar, @gracybitget, @arthur_0x, @heyibinance, @benbybit, @darkcryptolord, @justinsuntron, @jconorgrogan, @deltaxbt, @cz_binance, @martybent, @cryptodonalt, @divine_economy, @litecoin, @gauthamzzz, @adamscochran, @nearcyan, @tradermayne, @panamaxbt, @0xracist, @functi0nzer0, @trading_axe, @salsatekila, @beausecurity, @jconorgrogan, @lorenzofb, @0xgaut, @pythianism, @theflowhorse, @0xgaut, @devchart, @defisurfer808, @byzgeneral, @cousincrypt0, @wolfms_, @langeriuseth, @ashcryptoreal, @jacobkinge, @bitbitcrypto, @bitmexresearch, @mdudas, @spreekaway, @zhusu, @cobie, @0xfinish, and @mdudas
LinkedIn: Anastasios Papadopoulos and Todd H Baker
Forums: r/news, r/technology, and Slashdot
| David Yaffe-Bellany / New York Times: |
Even as Trump embraces crypto, attracting millions of new investors, the Bybit hack and memecoins show how crypto remains the wild West of the financial world — Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a potentially record-setting theft.
More: CoinGape, Hindustan Times, The Independent, and SlashGear
Bluesky: @xantori-crypto. X: @iamdcinvestor, @muz_muzzles, and @edwardlriche. LinkedIn: Rebecca Patterson
| RT Watson / The Block: |
| Davide Castelvecchi / Scientific American: |
Some physicists are skeptical about Microsoft's claims of achieving a quantum computing breakthrough with Majorana 1, citing the lack of detailed evidence — With its ‘topological’ quantum computers, Microsoft aims to reach useful scales faster than competing technologies
More: Shtetl-Optimized, Popular Mechanics, Wired, Wall Street Journal, The Conversation, The Indian Express, and ZDNET
Bluesky: @stagefright, @castelvecchi, @lizziegibney, and @annamerlan
| Brian Krebs / Krebs on Security: |
An investigation details how Chinese cybercrime groups are turning phished payment card data into new Apple or Google wallets for online and in-store use — Carding — the underground business of stealing, selling and swiping stolen payment card data — has long been the dominion of Russia-based hackers.
More: KrebsOnSecurity on YouTube. Bluesky: @kyloson.com. Mastodon: @rogeragrimes@infosec.exchange and @briankrebs@infosec.exchange
| 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| Erin Griffith / New York Times: |
Many SV startups are using AI to boost productivity in research, coding, and more, reducing reliance on VC money for hiring, fueling “tiny team” success stories — Tech start-ups typically raised huge sums to hire armies of workers and grow fast.
Bluesky: @aaronosaur.us. Mastodon: @jchyip@mastodon.online. X: @gjain, @bittingthembits, @stevelohr, and @tmrohan
LinkedIn: James Fox, Grant Lee, Ryan Sapper, Kristin Fracchia, and Erin Griffith
| 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 …
More: The Kyiv Independent, Seeking Alpha, Digby's Hullabaloo, The Independent, Euromaidan Press, Mediaite, Benzinga, Washington Post, The Guardian, Raw Story, Notes From The Circus, The Counteroffensive …, and Voice of America
Bluesky: @jim-stewartson. X: @ianbremmer, @yarotrof, @prestonstew_, @phildstewart, @antonlaguardia, and @kevinbankston
| Sigal Samuel / Vox: |
A look at the debate about whether AI models can truly reason, as some researchers describe the current pattern of reasoning as “jagged intelligence” — The AI world is moving so fast that it's easy to get lost amid the flurry of shiny new products.| Daniel Cancel / Bloomberg: |
Latin American e-commerce giant MercadoLibre's stock reached a record high on February 21 after it reported a record $639M net income on $6.1B in revenue in Q4 — - Latin America e-commerce, fintech giant blows away estimates — MercadoLibre extends lead as most valuable Latin American firm
More: MercadoLibre, Inc. and Yahoo Finance
| Lucinda Shen / Axios: |
Renaissance Capital: 12 of 40 fintech firms that went public in the US since 2020 have given positive investor returns; only Shift4 and AppLovin are profitable — All topics — Situational awareness: OpenAI co-founder Ilya Sutskever is raising over $1 billion for his startup Safe Superintelligence … | Muyao Shen / Bloomberg Tax: |
NFT marketplace OpenSea says the US SEC has ended an investigation into the company, after OpenSea received a Wells Notice in August 2024 — Nonfungible-token marketplace OpenSea said that it was informed by the US Securities and Exchange Commission that the regulator has ended an investigation …
More: CoinDesk, Decrypt, The Crypto Basic, CryptoNinjas, Cryptopolitan, Blockchain.News, Cointelegraph, Axios, The Block, and Crypto Briefing
Bluesky: @carnage4life. X: @dfinzer, @prestonjbyrne, @_jikim, @xanderatallah, @nategeraci, @katiebiber, and @soro
| Taylor Soper / GeekWire: |
Lumotive, whose optical semiconductor tech can “steer” laser light and is an alternative to lidar, raised a $45M Series B co-led by Gates Frontier and MetaVC — GeekWire's startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter … Sponsor Posts
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