February 17, 2023, 12:05 PM

Top News

The SEC sues Terraform Labs and Do Kwon, accusing them of selling unregistered securities and perpetrating a fraudulent scheme that lost $40B+ in market value  —  The US Securities and Exchange Commission is preparing to sue the company behind TerraUSD, a crypto stablecoin whose collapse …
Suvashree Ghosh / Bloomberg:
The SEC says Do Kwon and Terraform Labs have withdrawn $100M+ in fiat currency from a Swiss bank since June 2022, after moving 10K+ Bitcoin out of a cold wallet  —  Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned …
Sheila Dang / Reuters:
Source: Microsoft is demoing Bing chatbot to ad agencies, saying it plans paid links within the chatbox responses and industry-specific ads  —  Microsoft (MSFT.O) has started discussing with ad agencies how it plans to make money from its revamped Bing search engine powered …
New York Times:
Microsoft says it is looking at limiting Bing chatbot conversation length and adding tools to let users restart conversations or get more control over tone  —  The company knew the new technology had issues like occasional accuracy problems.  But users have prodded surprising and unnerving interactions.
Yueqi Yang / Bloomberg:
Source: Binance is considering de-listing USDC and other tokens and ending relationships with US partners, including VC investments, amid regulatory scrutiny  —  Crypto giant Binance Holdings Ltd. is considering ending relationships with US business partners as regulators turn up the heat.
Wall Street Journal:
Sources: Meta gave ~10% of staff subpar ratings in recent performance reviews, a sign of more workforce reductions, and cut a bonus metric to 85% of its target  —  The performance-review process is expected to set the stage for more workforce reductions this year  —  Why Tech Layoffs Don't Reflect the Job Market
OpenAI plans to improve ChatGPT's behavior to reduce biases, allow more user customization, and get more public input into decision-making about system defaults  —  We're clarifying how ChatGPT's behavior is shaped and our plans for improving that behavior, allowing more user customization …
Clothilde Goujard / Politico:
Under the Digital Services Act, online platforms disclose their MAUs in the EU: YouTube has 401M, Facebook 255M, Instagram 250M, TikTok 125M, Twitter 101M  —  TikTok, Twitter, Facebook and Instagram have now confirmed they will face the strictest rules under the EU's content-moderation law, the Digital Services Act (DSA).
Victoria Song / The Verge:
Fitbit plans to remove adventures, challenges, and open groups from its app and replace Studio with an SDK; Google says the features were of “limited use”  —  Fitbit users: better one-up your friends in challenges while you still can.  Starting March 27th, Fitbit will remove all adventures …
Josh Ye / Reuters:
Sources: Tencent cuts its 300-strong metaverse unit and drops VR hardware plans due to trouble achieving quick profitability and the need for a big investment  —  Tencent Holdings (0700.HK) is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts …
Jay Peters / The Verge:
Apple's iOS 16.4 and iPadOS 16.4 betas add support for Safari web apps on the homescreen to send push notifications and show notification badges  —  Apple's new iOS and iPadOS 16.4 betas will let Safari web apps on your homescreen send you push notifications, according to a new post on the WebKit blog.
Mia Sato / The Verge:

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