Techmeme
October 4, 2022, 7:35 AM

Top News

Ephrat Livni / New York Times:
The US Treasury releases a digital assets report asking Congress for more resources to police crypto, regulate stablecoins, legislate crypto tokens, and more  —  The Financial Stability Oversight Council said that the growing crypto market could pose risks to the broader financial system.
Ivan Mehta / TechCrunch:
Some YouTube users say the service is asking them to purchase a Premium subscription to watch videos in 4K, a feature that is currently free for all users  —  YouTube's Premium paid subscription includes benefits like ad-free viewing, video and song downloads for offline consumption, and background plays.
Steven Musil / CNET:
Google discontinues Google Translate in mainland China, one of the last remaining services the company provides in the country, citing “low usage”  —  The service was one of Google's last remaining offerings in the country.  —  Steven Musil  —  Steven Musil is the night news editor at CNET News.
Kathryn Hardison / Wall Street Journal:
South Korean internet giant Naver plans to acquire Poshmark for $17.90/share, representing an enterprise value of ~$1.2B; Poshmark's stock jumps 10%+  —  The boards of both companies approved the transaction  —  Naver Corp. 035420 -1.53%▼ plans to acquire Poshmark Inc., POSH -0.64%▼ …
Sankalp Phartiyal / Bloomberg:
Sources: Apple's iPhone exports from India crossed $1B since April 2022 and could reach $2.5B by March 2023, up from $1.3B in the year ending March 2022  —  Apple Inc.'s iPhone exports from India crossed $1 billion in the five months since April, according to people familiar with the matter …
Ryan Browne / CNBC:
Mastercard announces Crypto Secure, which uses AI to help banks identify and stop transactions from fraud-prone crypto exchanges, powered by CipherTrace's tech  —  - Mastercard will on Tuesday launch a new product called Crypto Secure that helps banks assess the risk of crime associated with crypto merchants on its network.
Hartley Charlton / MacRumors:
The European Parliament votes 602 to 13 to enforce USB-C as the common charging port for devices by the end of 2024; some small devices are exempt  —  The European Parliament today voted overwhelmingly in favor of enforcing USB-C as a common charging port across a wide range of consumer electronic devices …
Aisha Malik / TechCrunch:
Twitter rolls out its edit button, letting users edit five times in 30 minutes, to Blue subscribers in Canada, Australia, and New Zealand, coming soon to the US  —  Twitter is rolling out the ability to edit tweets to Blue subscribers in Canada, Australia and New Zealand, the social network announced on Monday.
TechCrunch:
BrandTotal and Unimania agreed to a permanent injunction banning them from using and scraping Facebook and Instagram, and will pay a “significant financial sum”  —  Facebook parent Meta has settled a lawsuit in the U.S. against two companies that had engaged in data scraping operations …

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