October 17, 2022, 6:25 PM

Top News

Jon Porter / The Verge:
Parler agrees to be acquired by Ye, formerly Kanye West, to create “an uncancelable ecosystem where all voices are welcome”; the deal is set 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.
More: CNBC, Wall Street Journal, CNN, Forbes, New York Times, Protocol, The Guardian, Ars Technica, The Register, Decrypt, Adweek, Parler Blog, Bloomberg, CNET, Social Media Today, Politico, Vox, Engadget, Associated Press, The Desk, Reuters, Financial Times, Insider, BBC, MobileSyrup, Tech Xplore, MacDailyNews, iPhone in Canada Blog, KnowTechie, PCMag, Fortune, TIME, Variety, SlashGear, FinSMEs, The Hill, IGN, TechSpot, TheGamer, Observer, Reclaim The Net, AfroTech, Insider, Reuters, City A.M., The Independent, Sky News, USA Today, iMore, Deadline, WRAL TechWire, The Hollywood Reporter, Memeburn, TechCrunch, Dexerto, Daring Fireball, and Dystopian Living
Nikkei Asia:
Noah Smith / Noahpinion:
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.
Mia Sato / The Verge:
TikTok plans to raise the age requirement for hosting a livestream from 16 to 18 on November 23 and let hosts limit their livestreams to adult-only audiences  —  TikTok is updating its livestream system to limit kids from going live and to allow streamers to only reach adults.
Nikhilesh De / CoinDesk:
Filing: Texas' securities regulator is investigating crypto exchange FTX US over allegations the company 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.
Sources detail how Changpeng Zhao and other executives sought to “insulate” Binance from scrutiny by US and UK authorities, including by setting up Binance.US  —  A plan to “insulate” itself from the SEC. A backdated document.  An exodus of compliance staff.
Kate Rooney / CNBC:
Mastercard partners with Paxos to let financial institutions offer cryptocurrency trading to their clients; PayPal already uses Paxos to offer a similar service  —  - Mastercard is launching a program to let financial institutions offer cryptocurrency trading to their clients.
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.
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 …
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 …

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Margaux Nijkerk / CoinDesk:
Osato Avan-Nomayo / The Block: