Techmeme
November 27, 2022, 11:45 AM

Top News

Todd Shields / Bloomberg:
The FCC imposes a ban on equipment from Huawei and ZTE, camera providers Hikvision and Dahua, and radio maker Hytera, citing “a risk to national security”  —  US regulators imposed a ban on electronic equipment from Huawei Technologies Co. and ZTE Corp., continuing a years-long effort …
Tim Copeland / The Block:
Binance releases its proof-of-reserves system, starting with BTC, claiming it has 582,485 BTC and 575,742 BTC user balance, a reserve ratio of 101% for users  —  - Binance has put out its proof-of-reserves system, in light of FTX's meltdown.  — It shows a reserve ratio of 101% for its users' bitcoin balances.
Reuters:
Elon Musk claims “all-time high” new Twitter signups, averaging 2M+ a day in the last seven days till November 16, up 66% YoY, and ~8B daily user active minutes  —  Nov 27 (Reuters) - Twitter Inc Chief Executive Elon Musk has said that new user signups to the social media platform are at an …
Christiana Loureiro / The Block:
Report: several US states are investigating Genesis Global as part of an inquiry into interconnectedness of crypto firms, securities laws violations, and more  —  - States including Alabama are looking into crypto firms and whether they violated securities laws.
Nilesh Christopher / Rest of World:
Experts and employees detail Uber's struggles in Pakistan as it discontinues service in five cities, cuts spending, and faces increased competition from inDrive  —  Fierce local competition in the ride-hailing sector and economic uncertainty have forced Uber to scale back its presence in South Asia.
Eudora Wang / DealStreetAsia:
Shanghai-based eRoad, which offers a cloud-based HR management service with a focus on payroll, raised a ~$140M Series D, after raising an ~$84M Series C  —  Chinese human resource technology firm eRoad on Tuesday announced the completion of its Series D funding round at 1 billion yuan …
More: AIM Group
Debjyoti Roy / Livemint:
New Delhi-based diabetes management app BeatO raised a $33M Series B led by Lightrock India, with Flipkart and others participating  —  Diabetes management app BeatO has raised $33 million in its Series B round of funding led by impact investor Lightrock India.
June Yoon / Financial Times:
An in-depth look at the US sanctions on China's chipmakers and worries over their impact on inflation and rising costs for Western manufacturers and customers  —  The advice “dig two graves, before you set out” applies to anyone bent on revenge.  An old aphorism is hardly going to divert …

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