Techmeme
August 16, 2022, 8:35 PM

Top News

Kadhim Shubber / Financial Times:
Sources: ahead of a Fed meeting in January, Celsius CEO Alex Mashinsky personally directed individual trades, overruling executives, leading to large losses  —  In January, Celsius Network boss Alex Mashinsky gathered his investment team to tell them he would be taking control …
Sara Fischer / Axios:
Oracle begins “regular vetting and validation” of TikTok's algorithms and content moderation models to ensure they aren't manipulated by Chinese authorities  —  Oracle has begun vetting TikTok's algorithms and content moderation models to ensure they aren't manipulated by Chinese authorities, Axios has learned.
Eric Jardine / Chainalysis:
Analysis: in 2022 through July, crypto transaction volumes are lagging behind 2021; illicit volumes are down 15% YoY and legitimate volumes are down 36% YoY  —  2022 has been a tumultuous year for cryptocurrency markets, with significant price declines across all currencies in May and June.
Dave Lee / Financial Times:
Filing: Amazon accuses the FTC of harassing its top executives, including Jeff Bezos and Andy Jassy, as part of its investigation into Prime membership  —  Ecommerce group hits out at US regulator's tactics in probe into Prime membership scheme  —  Amazon has accused the US Federal Trade Commission …
Carly Page / TechCrunch:
Signal says attackers accessed the phone numbers and SMS verification codes for around 1,900 users as part of the recent Twilio breach  —  End-to-end encrypted messaging app Signal says attackers accessed the phone numbers and SMS verification codes for almost 2,000 users as part of the breach at communications giant Twilio last week.
Annie Palmer / CNBC:
Amazon tells merchants using Fulfillment by Amazon to pay a fee of 35¢ per item sold in the US and Canada from October 15 to January 22, citing rising expenses  —  - Amazon is raising fulfillment fees during the holiday shopping period as the company contends with rising costs.
Kate O'Keeffe / Wall Street Journal:
Analysis: of the US exports to China that required a license in 2020, the Commerce Department approved 94%, or 2,652, applications for tech exports  —  Critics say the Commerce Department-led export-controls process needs an urgent overhaul, while others say the U.S. needs allies on board first
Mark Gurman / Bloomberg:
Sources: Apple has laid off about 100 recruiter contractors in the past week, a rare move as part of a push to rein in hiring and spending  —  Apple Inc. laid off many of its contract-based recruiters in the past week, part of a push to rein in the tech giant's hiring and spending, according to people with knowledge of the matter.
Ian King / Bloomberg:
Experts say the chip market is facing an “inventory correction”, which could be the worst downturn in a decade, as the global economy weakens and demand fades  —  Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months …
Kathrin Hille / Financial Times:
Tracy Wang / CoinDesk:
Jump Crypto plans to build a new Solana validator client using C++, called Firedancer, in a bid to improve the network's frequent outages and slowdowns  —  The crypto trading firm and builder is reupping its commitment after the once-hot blockchain hit potholes.
David Pan / Bloomberg:
Top publicly-traded US bitcoin miners Core Scientific, Marathon Digital, and Riot Blockchain lost $862M, $192M, and $366M in Q2 respectively after impairments  —  The three-largest US publicly traded Bitcoin mining companies lost over $1 billion in the second quarter after taking a series …
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