Techmeme
October 17, 2022, 2:45 PM

Top News

Jon Porter / The Verge:
Parler says it has agreed to be acquired by Ye, formerly known as Kanye West, to create an “uncancelable ecosystem”, with the deal expected to close in Q4 2022  —  Kanye West, the musician also known as Ye, is buying Parler, a social media platform that styles itself as a “free speech” alternative to Twitter.
Nikhilesh De / CoinDesk:
Filing: crypto exchange FTX US is under investigation by Texas' securities regulator over allegations it offers unregistered yield-bearing securities products  —  Texas securities regulator's director said he set up a yield-bearing account on FTX US, despite identifying his address as being located within the U.S.
Nikkei Asia:
Reuters:
Sources detail how Changpeng Zhao and other execs sought to “insulate” Binance from scrutiny by authorities in the US and UK, including by setting up Binance.US  —  A plan to “insulate” itself from the SEC. A backdated document.  An exodus of compliance staff.
Bloomberg:
Stability AI raised a $101M seed, a source says at a ~$1B valuation, and its CEO says Stable Diffusion has 10M DAUs and its web app DreamStudio has 1.5M+ users  —  The parent company of Stable Diffusion, an artificial intelligence tool that makes digital art, has reached unicorn status …
Kate Rooney / CNBC:
Mastercard partners with Paxos for a program to let financial institutions offer cryptocurrency trading to their clients  —  - Mastercard is launching a program to let financial institutions offer cryptocurrency trading to their clients.  — The payments giant will act as a “bridge” …
Meta:
Meta found a Meta Workplace account was externally created on October 13 to imitate an internal Instagram system, used as “evidence” for The Wire's reporting  —  This is an ongoing investigation and we will update as it unfolds.  At this time, we can confirm that the video shared …
Ann-Marie Alcántara / Wall Street Journal:
A look at Gas, an iOS app for teens to “gas each other up”; Data.AI: Gas had 500K+ downloads since its August launch, despite being limited to a few US states  —  Gas is topping Apple's App Store charts despite being limited to a handful of states  —  TBH was hot.
ProPublica:
Many big US property managers use RealPage's YieldStar software to set rent prices, raising questions about potential collusion in violation of federal law  —  ProPublica is a nonprofit newsroom that investigates abuses of power.  Sign up to receive our biggest stories as soon as they're published.
Dean Takahashi / VentureBeat:
Discord debuts Activities, which lets users share experiences like playing games and watching videos, an App Directory, Premium App Subscriptions, and more  —  Discord announced a number of upgrades to its platform today, including activities where users can play casual games with each other.
Margaux Nijkerk / CoinDesk:
By October 14, 51% of the blocks produced for Ethereum's blockchain followed the US Treasury's OFAC compliance recommendations banning Tornado Cash transactions  —  Censorship has been a growing concern within the Ethereum ecosystem, especially since the advent of MEV-Boost after the Merge.

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Osato Avan-Nomayo / The Block: