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May 8, 2023, 8:25 PM
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| 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.
More:
PYMNTS.com, PYMNTS.com, San Francisco Business Journal, Bitcoin News, Coinspeaker, CoinDesk, Watcher Guru, Cryptopolitan, NewsBTC, CoinGape, CryptoSlate, and Bitcoinist.com. Tweets:
@ldrogen
| 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.
More:
The Verge, Nieman Lab, Digital Content Next, and Pixel Envy
Tweets:
@rustybrick, @emilybell, and @jason_kint
| Jennifer Elias / CNBC: |
Internal docs: Google plans to announce generative AI updates at Google I/O on May 10, including launching PaLM 2, a general-use LLM supporting 100+ languages — - Google's hefty investments in artificial intelligence will be on display at its annual developer conference this week.| 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 …
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The Information, Tech.co, TechSpot, and Slashdot
LinkedIn:
Andrew Padilla, Scott Panzer, Noah Gift, Sahil Mansuri, and Ahmet Emre Acar. Mastodon:
@ashedryden@scholar.social
| 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 …
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Cryptonews, CoinDesk, Bloomberg, Wccftech, Tech Startups, Cryptopolitan, NewsBTC, The Block, South China Morning Post, crypto.news, Quartz, Bloomberg, Silicon Republic, CryptoSlate, Tech in Asia, Livemint, Ethereum World News, and Watcher Guru. Tweets:
@binance
| 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 …
More:
XDA Developers, Neowin, Times of India, Gearrice, cnbctv18.com, and Slashdot
Tweets:
@hiteshrajbhagat, @alanmamedi, and @truecaller
| Bloomberg: |
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.
More:
Cryptonews, Cryptopolitan, Forkast, and Bitcoinist.com
| 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 …
More:
iTnews, 9to5Mac, AppleInsider, United States Court of Appeals for the Eleventh Circuit, and Slashdot
Tweets:
@fuzzysec, @blaw, @corelliumhq, @laughing_mantis, @kurtopsahl, @msuiche, @esqueer_, and @isaiahporitz
| Manish Singh / TechCrunch: |
Filing: Invesco marked down Swiggy's valuation to ~$5.5B in January 2023, from a reported $10.7B valuation in January 2022, when Invesco led Swiggy's Series K — Invesco, which led Swiggy's previous round, has marked down the Indian food delivery giant's valuation in its holding to about $5.5 billion, according to a filing.
More:
Crunchbase News, Entrackr, Inc42 Media, DealStreetAsia, and Livemint
| 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 …
More:
The Block, Reuters, Fortune, Cointelegraph, Ethereum World News, Watcher Guru, CryptoSlate, and Livemint
Tweets:
@followtheh and @bitfinexed
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