Techmeme
January 16, 2023, 12:20 PM

Top News

The Block:
Pitch decks: Three Arrows Capital founders Su Zhu and Kyle Davies are hoping to raise $25M to start crypto exchange GTX, partnering with two CoinFlex executives  —  - Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), are hoping to raise $25 million …
James Vincent / The Verge:
A trio of artists sue Stability AI, Midjourney, and DeviantArt over AI art copyright; a firm suing Microsoft, GitHub, and OpenAI over Copilot filed the lawsuit  —  A trio of artists have launched a lawsuit against Stability AI and Midjourney, creators of AI art generators Stable Diffusion and Midjourney …
Foo Yun Chee / Reuters:
Sources: the European Commission is preparing a statement of objections to Microsoft's $69B Activision Blizzard deal, set to be released in the coming weeks  —  Microsoft (MSFT.O) is likely to receive an EU antitrust warning about its $69 billion bid for “Call of Duty” maker Activision Blizzard …
Wall Street Journal:
Sources: seeking to win US allies, TikTok has proposed a complex, $1.5B plan to reorganize its US operations, including oversight of its key algorithms  —  Chinese-owned app proposes giving U.S. officials oversight of its algorithms  —  Two years into negotiations with U.S. regulators …
Reuters:
Chinese ride-hailing giant Didi says regulators have lifted a ban on new user registrations, signaling an end to a longrunning regulatory crackdown  —  China's ride hailing giant Didi Global said in a statement on Monday that it would be allowed to resume new user registration, after a more than year-long ban that curbed its growth.
Qianer Liu / Financial Times:
Investigation: Alibaba paid Chinese scholars to lobby authorities to relax regulations and rehabilitate its reputation, hoping to navigate China's clampdown  —  Alibaba has been paying academics to lobby Chinese authorities to relax regulations and rehabilitate its reputation …
Ezra Reguerra / Cointelegraph:
After North Korea's Lazarus Group moved ~41K ETH, worth ~$63.5M, stolen from the Harmony bridge hack, Binance and Huobi freeze 124 BTC linked to the hackers  —  In a recent tweet, on-chain crypto detective ZachXBT said that the hackers have been moving $64 million in the last weekend.  —  75 Total views
Craig Hockenberry / furbo.org:
Twitterrific developer Craig Hockenberry calls Twitter's decision to ax APIs for third-party apps without notice a “shit show”, leaving customers in the lurch  —  Well, it happened.  —  We knew it was coming.  —  A prick pulled the plug.  And what bothers me most about it is how Space Karen did it.
Shaurya Malwa / CoinDesk:
Shiba Inu developers plan to launch Shibarium, an Ethereum Layer 2 network, in the coming weeks, focusing on the metaverse and gaming applications  —  Ecosystem tokens shiba inu, leash and bone will serve as the the upcoming Ethereum-based blockchain.  —  Upcoming layer 2 network Shibarium …

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Ben Jiang / South China Morning Post:
New York Times: