May 8, 2023, 8:25 PM

Top News

Ryan Browne / CNBC:
Coinbase CEO Brian Armstrong says the US SEC is on “a lone crusade”, rows back on his suggestion the company may leave the US, and expresses interest in the UAE  —  - The SEC earlier this year served Coinbase with a Wells Notice.  — Brian Armstrong, Coinbase's CEO …
Ryan Browne / CNBC:
Ripple's CEO says the company will have spent $200M fighting SEC's lawsuit that accuses him, a co-founder, and Ripple of selling XRP as an unregistered security  —  - Ripple will have spent $200 million by the time its legal battle with the U.S. Securities and Exchange Commission is over, CEO Brad Garlinghouse said.
Ingrid Lunden / TechCrunch:
Qualcomm acquires Israel-based Autotalks, a fabless chipmaker that improves safety in bikes, cars, and other vehicles, sources say for between $350M and $400M  —  Qualcomm's longer term bet on the automotive sector as a lucrative customer base for its chips and related communications technology …
David Pierce / The Verge:
How Google's attempt to create a better, faster mobile web for media companies with the AMP standard ended up ruining publishers' trust in the internet giant  —  Google promised to create a better, faster web for media companies with a new standard called AMP.  In the end, it ruined the trust publishers had in the internet giant.
Steve Mollman / Fortune:
OpenAI CEO Sam Altman says “technology is not yet good enough that people can be full remote forever, particularly on startups”  —  OpenAI CEO Sam Altman isn't averse to change—he helped kickstart the current A.I. race with chatbot ChatGPT, after all, threatening to upend multiple industries …
Akanksha Khushi / Reuters:
Binance halted bitcoin withdrawals for an hour late on May 7 and for several hours on May 8, blaming heavy volumes and an unanticipated rise in network gas fees  —  Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday, citing heavy volumes and a surge in processing fees …
Munsif Vengattil / Reuters:
Truecaller plans to make its caller ID service available globally over WhatsApp and other messaging apps later in May to help users spot potential spam calls  —  Truecaller (TRUEb.ST) will soon start making its caller identification service available over WhatsApp and other messaging apps …
Despite China banning crypto in September 2021, citizens, industry insiders, and FTX's creditor lists suggest Chinese residents continue to trade digital assets  —  Nineteen months after China banned crypto, more signs have emerged that its citizens continue to buy and sell digital assets.
Isaiah Poritz / Bloomberg Law:
A US appeals court upholds a lower court's 2019 ruling rejecting Apple's claims that Corellium's CORSEC security tool for simulating iOS violated copyright law  —  Apple Inc. failed to revive a long-running copyright lawsuit against cybersecurity firm Corellium Inc. over its software …
Nikhilesh De / CoinDesk:
Crypto exchange Bittrex files for bankruptcy in Delaware; filing: the company estimates both its liabilities and assets to be between $500M and $1B  —  Bittrex already announced its intention to exit the U.S., but also faces an SEC enforcement action.  —  Crypto exchange Bittrex has filed …

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