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Techmeme
July 31, 2023, 3:35 PM
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Top News

New York Times:
Twitter/X threatens to sue Center for Countering Digital Hate, alleging the nonprofit made “troubling and baseless claims” to hurt Twitter and its ad business  —  The Center for Countering Digital Hate said it had received a letter from X, Twitter's parent company …
Scott Chipolina / Financial Times:
Brian Armstrong says the SEC asked Coinbase to halt trading all crypto except bitcoin without explaining its interpretation of the law, before it sued Coinbase  —  Request would have meant ‘the end of the crypto industry in the US’, according to Brian Armstrong
Decrypt:
SEC charges Hex crypto project founder Richard Heart with conducting unregistered securities offerings, including Hex, PulseChain, and PulseX, that raised $1B+  —  The SEC has charged Richard Heart, the founder of the crypto project Hex, with allegedly conducting unregistered securities offerings that raised more than $1 billion.
Yogita Khatri / The Block:
Tether reports a $850M net profit in Q2, vs. $1.5B in Q1, with ~$3.3B in excess reserves, up from $2.44B in Q1, and $86.5B+ in total assets as of June 30  —  - In its latest attestation report, Tether said it had a net profit of $850 million in the second quarter.
Julie Jargon / Wall Street Journal:
Apple confirms a Screen Time bug, letting kids go over the time limits imposed by parents to use apps and games, but doesn't offer a timeline for a fix  —  Settings aren't sticking; the company says it's working ‘to improve the situation’  —  Apple's Screen Time controls are failing parents.
Ivan Mehta / TechCrunch:
Twitter is now “X” in the App Store, seemingly via an exception to Apple's rule that requires app names to have two or more characters  —  After weeks of changes to its social handles, branding on its interface, a redirect on the web, and lots of chatter from its owner …
Molly White:
Worldcoin presents a solution in search of its problem, has a shaky ethical foundation, and lacks decentralization or a robust approach to privacy  —  Worldcoin doesn't seem to know what problem it's trying to solve, but they want to scan your eyeballs anyway.
Sheila Dang / Reuters:
X says Elon Musk will lead product and engineering teams, CEO Linda Yaccarino will lead teams including legal and sales, and both will oversee trust and safety  —  X owner Elon Musk and Chief Executive Linda Yaccarino will both oversee the trust and safety team at the company formerly known as Twitter …
Elvira Pollina / Reuters:
Italy's AGCM says it accepted Google's proposed commitments to end a case over the company's alleged abuse of its position in the user data portability market  —  - Regulator probed Google over alleged abuse of its position  — Company pledged to update backup service, to launch new tool
CoinDesk:
Curve, a stablecoin exchange on Ethereum, says bugs in Vyper, a programming language used by parts of Curve, are being exploited; ~$100M of crypto is at risk  —  More than $100M-worth of cryptocurrency could be at risk due to a bug impacting Curve, a stablecoin exchange at the center of Ethereum's DeFi ecosystem.

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From Mediagazer

Sophie Culpepper / Nieman Lab:
State of Local News annual report: the local news ecosystem is “in a state of precarity”, and digital readership is in “precipitous decline” for many outlets

Adam Gramegna / Military.com:
The Pentagon names public affairs official Christian Devine as acting Stars and Stripes publisher; he'll hold both his Pentagon and Stripes roles concurrently

Andrew Joseph / STAT:
Helen Branswell, a Stat infectious disease reporter whose COVID-19 coverage won a George Polk Award, died Tuesday at 69 from cancer complications

More News

Rohan Goswami / CNBC:
A consortium led by PE firms Francisco and TPG agrees to take observability software company New Relic private in an offer valuing the company at ~$6.5B
Jose Antonio Lanz / Decrypt:
After a digital artist opted out of the Stable Diffusion training set, the community made a model copying his style, raising questions around open-source models

Earlier Picks

The Economic Times:
Sources: Tiger Global has completed its exit from Flipkart, in a years-long selloff that led to gains totaling $3.5B
Jack Shenker / The Guardian:
An in-depth look at a January strike at Amazon's BHX4 Coventry warehouse, a carefully planned and legal effort, the likes of which Amazon UK had never faced
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