| The Block: |
Pitch decks: Three Arrows Capital co-founders Su Zhu and Kyle Davies aim to raise $25M to start crypto exchange GTX in partnership with two CoinFlex co-founders — - Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), are hoping to raise $25 million … | Wall Street Journal: |
Sources: to win US allies, TikTok proposed a complex, $1.5B plan to reorganize its US operations, including oversight of its content-recommendation algorithms — Chinese-owned app proposes giving U.S. officials oversight of its algorithms — Two years into negotiations with U.S. regulators … | Sapna Maheshwari / New York Times: |
Some US universities, including Alabama's Auburn University and the University of Oklahoma, are banning TikTok on their Wi-Fi networks, annoying some students — The school's prohibition brings a geopolitical fight front and center for TikTok's biggest fans: young Americans.| 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 to send a statement of objections to Microsoft, regarding its $69B Activision Blizzard deal, 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 … | Ezra Reguerra / Cointelegraph: |
After North Korea's Lazarus Group moved ~41K ETH, worth ~$63.5M, from the Harmony bridge hack, Binance and Huobi freeze 124 BTC, worth ~$2.6M, linked to Lazarus — In a recent tweet, on-chain crypto detective ZachXBT said that the hackers have been moving $64 million in the last weekend.| Reuters: |
Ride-hailing giant Didi says Chinese regulators lifted a ban on new user registrations on January 16, signaling an end to the long-running 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 … | Abhishek Vishnoi / Bloomberg: |
Tencent's Hong Kong stock has risen ~95% since October 28 and Alibaba's stock is up ~85% over a similar period, as China's government eases its tech crackdown — Shares of Tencent Holdings Ltd. have nearly doubled from their recent lows on growing signs that China is preparing to end … | Craig Hockenberry / furbo.org: |
| Forbes: |
A look at Deltec, an obscure Bahamian bank that got a $50M loan from an FTX-tied entity in October 2021, and chairman Jean Chalopin, who has ties to FTX leaders — The loan was among several deals struck with Jean Chalopin, the head of Deltec and Moonstone banks — and co-creator of Inspector Gadget … | Ben Jiang / South China Morning Post: |
How Apple's supply chain is leaving China: moving some iPad and MacBook production to Foxconn's Vietnam plants, expanded iPhone production in India, and more — Four days before Christmas , while China was battening down the hatches to survive the explosion of Covid-19 infections around the country … | Shaurya Malwa / CoinDesk: |
Shiba Inu developers plan to launch a beta testnet of Shibarium, an Ethereum Layer 2 network, in the coming weeks, focusing on metaverse and gaming applications — Ecosystem tokens shiba inu, leash and bone will serve as the the upcoming Ethereum-based blockchain.
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