Techmeme
October 4, 2022, 6:40 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.
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.
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.
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.
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 …
Wall Street Journal:
Despite Elon Musk offering Iranians access to Starlink, experts say quickly building the infrastructure and evading government censorship will prove difficult  —  Elon Musk said the satellite-internet system was activated in the country last month  —  Watch: Iranians Clash With Police During Violent Wave of Protests
Wall Street Journal:
Sources: talks between the US and TikTok over a national security agreement have accelerated ahead of the midterms as Republicans vow to hold hearings  —  Plan to secure user data is nearing conclusion, sources say, but hurdles remain and Republicans warn against concessions to video app's Chinese owner
Nikhilesh De / CoinDesk:
A federal court rules that the CFTC appropriately served Ooki DAO through a website help bot and forum post, in a lawsuit over violating federal trading laws  —  The ruling came the same day a group of crypto lawyers and developers filed to join the CFTC's case against Ooki DAO.

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