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January 4, 2023, 9:30 PM
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| Vincent Manancourt / Politico: |
The Irish DPC fines Meta €390M over GDPR breaches related to its ad and data handling practices, giving the company three months to comply; Meta plans to appeal — Meta faces €390 million in fines and must find a new legal route to targeted ads, while the Irish regulator is suing …
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| Wall Street Journal: |
Amazon says it plans to lay off 18,000+ employees, more than its initial target of 10,000 in November 2022, the “majority” from retail and recruiting divisions — Cuts focused on the company's corporate staff exceed earlier projection — Amazon AMZN -0.79%decrease …
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| Thomas Germain / Gizmodo: |
Erroneous facial recognition helped jail a Black man in Georgia for nearly a week after cops got a warrant in Louisiana, a state he says he has never visited — An algorithm sent a Black man to jail in Louisiana, a state he'd never visited, according to his lawyer. Experts say he won't be the last.
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New Orleans Times-Picayune, Ars Technica, and Metaverse Post
| New York Times: |
Coinbase settles with New York regulators over breaking money-laundering laws for $100M, comprising a $50M fine and $50M for compliance; COIN closes up 12.2% — The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
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Department of Financial …, New York State Department of Financial Services, Coinbase, Reuters, The Block, TheStreet, CoinDesk, CBS News, The Information, Financial Times, CNBC, Decrypt, Bloomberg, Insider, Engadget, Fortune, Ethereum World News, TechCrunch, The Hill, CryptoSlate, The Verge, Bitcoin News, Gizmodo, Blockworks, Crypto Briefing, Cointelegraph, The Daily Hodl, PYMNTS.com, Bitcoinist.com, SiliconANGLE, and Crowdfund Insider
| Crystal Kim / Axios: |
A US judge rules that the crypto deposits in bankrupt crypto lender Celsius Network's yield-bearing accounts belong to Celsius and not individual holders — Celsius Network's bankruptcy might have just set a precedent in determining what crypto assets belong to whom when stored on a centralized platform.
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Reuters, Decrypt, TechCrunch, Blockworks, Wall Street Journal, Cointelegraph, and United States Bankruptcy Court, Southern District of New York
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| Bill Toulas / BleepingComputer: |
Researchers find API security flaws in almost 20 car manufacturers' systems that could let hackers unlock, start, and track cars, plus access customers' data — Almost twenty car manufacturers and services contained API security vulnerabilities that could have allowed hackers to perform malicious activity … | Jack Schickler / CoinDesk: |
US officials say the DOJ seized or is in the process of seizing assets potentially tied to FTX, like ~$450M in Robinhood shares whose ownership is under dispute — Officials may later seek to have Sam Bankman-Fried forfeit the assets, potentially including as much as $450 million in stocks, to avoid benefiting from crimes| Andrew Hayward / Decrypt: |
NFT service Magic Eden, the largest Solana marketplace, blames a hacked image caching service for some users seeing porn and TV stills instead of intended NFTs — The top Solana marketplace says there's no need to panic, and it has not been hacked. — Some users of Magic Eden …
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Bloomberg, CoinDesk, MEXC Global Blog, NFT Evening, Web3 is Going Just Great, and Cointelegraph
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| Nivedita Balu / Reuters: |
Memo: Salesforce plans to lay off ~10% of its staff and close some offices after hiring “too many people” in the pandemic, expecting to incur $1.4B to $2.1B — Salesforce Inc (CRM.N) said on Wednesday it would lay off about 10% of its employees and close some offices as a part …
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| Chris Welch / The Verge: |
Roku plans to launch its own TVs in spring 2023 across two brands, Roku Select and a higher-end Roku Plus, ranging from 24 inches for $119 to 75 inches for $999 — Roku is making big news at CES 2023: the company long known for its streaming players and easy-to-use software plans to release its own lineup of TVs this year.
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| Adam Morgan McCarthy / The Block: |
CoinShares: inflows to crypto asset funds fell 95% YoY from $9.1B in 2021 to $433M in 2022, the worst year since 2018, when inflows totaled $223M — - Crypto asset funds saw the lowest inflows last year since 2018. — Inflows in 2022 declined to $433 million as bitcoin plummeted over 60%, according to CoinShares data.| Monica Chin / The Verge: |
Asus unveils its Vivobook Pro 16X and ProArt Studiobook 16 laptops with 3.2K, 120Hz glasses-free 3D OLED 16-inch displays — For some companies that sell gaming and creator-oriented laptops, glasses-free 3D has become a bit of a dream. Acer first tried it back in 2021.
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Ars Technica, Tom's Hardware, ZDNet, Edge Up, Digital Trends, Laptop Mag, Engadget, Tom's Guide, PCMag, CNET, Tech Advisor, Edge Up, and Laptop Mag
Tweets: @kylebrussell and @mcsquared96
| Grace Kay / Insider: |
Vimeo lays off 11% of its workforce, citing “an uncertain economic environment”, after cutting 6% in July 2022; the company had 1,200+ workers in December 2021 — - Vimeo is laying off 11% of its workforce, a company spokesperson confirmed. — Vimeo CEO Anjali Sud told staff … | Michael Elsen-Rooney / Chalkbeat New York: |
The New York City Department of Education, the US' largest school system, bans access to OpenAI's ChatGPT on school devices and networks, amid cheating concerns — New York City students and teachers can no longer access ChatGPT — the new artificial intelligence-powered chatbot …
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CNET, Gizmodo, Neowin, VICE, Education Week, and Metaverse Post
| Nelson Wang / CoinDesk: |
The US SEC files a limited objection to Binance.US' $1.02B bid for crypto lender Voyager's assets, asking for sufficient details on how Binance plans to pay — The agency is asking for more details how the crypto exchange can afford the deal. — Join the most important conversation … | Bloomberg: |
Sources: Sirius XM and Amazon slow podcast dealmaking and Spotify froze its US budget for new podcasts; all three seek to keep 50% of ad revenue vs. 20% before — As the podcasting universe has matured in recent years it has picked up many of the trappings of more established media industries … | Megha Mandavia / Wall Street Journal: |
A look at three pieces of Indian government legislation set to pass in 2023 to regulate US tech giants, mixing EU antitrust rules with China-style surveillance — American tech firms will face hard choices in India this year — The standoff between India and U.S. tech giants will intensify … | Joseph Menn / Washington Post: |
Cybersecurity company Rapid7 hires former Twitter security chief and whistleblower Peiter “Mudge” Zatko to advise clients; Twitter fired Zatko in January 2022 — Former Twitter security chief Peiter Zatko, whose whistleblower claim against the company triggered multiple ongoing investigations …
Mastodon: @chadloder@kolektiva.social
| Samuel Agini / Financial Times: |
FTX's collapse has forced the global sports industry to rethink lucrative crypto sponsorship deals, some of which replaced gambling partners because of bans — Future of big-ticket sponsorship deals between top-flight clubs and digital assets industry hangs in the balance
Tweets: @kevin_kcdpr and @katie_martin_fx
| Chris Welch / The Verge: |
A look at Samsung's TV updates in 2023: Neo QLEDs that convert SDR to HDR, futuristic MicroLED displays, improvements to The Frame, and software and AI updates — Last year, Samsung radically shook up the TV market with the introduction of its first OLED model in many years.Sponsor Posts
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