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January 4, 2023, 8:15 PM
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| Vincent Manancourt / Politico: |
The Irish DPC fines Meta €390M over GDPR breaches related to its ad and data handling practices, giving the company three months to comply; Meta plans to appeal — Meta faces €390 million in fines and must find a new legal route to targeted ads, while the Irish regulator is suing …
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| Wall Street Journal: |
Sources: Amazon plans to lay off 17,000+ staff, more than the company's initial target of 10,000 in November 2022; the added cuts will hit over the coming weeks — Cuts focused on the company's corporate staff exceed earlier projection — Amazon AMZN -0.79%decrease …
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The Verge, The Information, GeekWire, Bloomberg, Insider, Reuters, SiliconANGLE, and Forbes
Tweets: @andrewnebus, @moreperfectus, @jeffreyatucker, @thekenyeung, and @jamesvgrimaldi
| New York Times: |
Coinbase settles with New York regulators over breaking money-laundering laws for $100M, comprising a $50M fine and $50M for compliance; COIN closes up 12.2% — The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
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| Thomas Germain / Gizmodo: |
Erroneous facial recognition helped jail a Black man in Georgia for nearly a week after cops got a warrant in Louisiana, a state he says he has never visited — An algorithm sent a Black man to jail in Louisiana, a state he'd never visited, according to his lawyer. Experts say he won't be the last.
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New Orleans Times-Picayune, Ars Technica, and Metaverse Post
| Crystal Kim / Axios: |
A US judge rules that the crypto deposits in bankrupt crypto lender Celsius Network's yield-bearing accounts belong to Celsius and not individual holders — Celsius Network's bankruptcy might have just set a precedent in determining what crypto assets belong to whom when stored on a centralized platform.
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Reuters, Decrypt, TechCrunch, Blockworks, Wall Street Journal, Cointelegraph, and United States Bankruptcy Court, Southern District of New York
Mastodon: @pivoinebleue@mstdn.social. Tweets: @kadhim, @rob_tarzwell, @mike_taylor1972, @adanthar, @kkirkbos, @jacqmelinek, @frances_coppola, @czdaomaker, @apeapebaby, @adamscochran, and @axios
| Bill Toulas / BleepingComputer: |
Researchers find API security flaws in almost 20 car manufacturers' systems that could let hackers unlock, start, and track cars, plus access customers' data — Almost twenty car manufacturers and services contained API security vulnerabilities that could have allowed hackers to perform malicious activity … | Nivedita Balu / Reuters: |
Memo: Salesforce plans to lay off ~10% of its staff and close some offices after hiring “too many people” in the pandemic, expecting to incur $1.4B to $2.1B — Salesforce Inc (CRM.N) said on Wednesday it would lay off about 10% of its employees and close some offices as a part …
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| Andrew Hayward / Decrypt: |
NFT service Magic Eden, the largest Solana marketplace, blames a hacked image caching service for some users seeing porn and TV stills instead of intended NFTs — The top Solana marketplace says there's no need to panic, and it has not been hacked. — Some users of Magic Eden …
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Bloomberg, Gizmodo, Cointelegraph, CoinDesk, MEXC Global Blog, NFT Evening, and Web3 is Going Just Great
Tweets: @magiceden, @fedeonekenoby, @coinpapi69, @yaboibeclownin, @thecryptomie, @yaboibeclownin, and @punk9059
| Jack Schickler / CoinDesk: |
US officials say the DOJ seized or is in the process of seizing assets potentially tied to FTX, like ~$450M in Robinhood shares whose ownership is under dispute — Officials may later seek to have Sam Bankman-Fried forfeit the assets, potentially including as much as $450 million in stocks, to avoid benefiting from crimes| Adam Morgan McCarthy / The Block: |
CoinShares: inflows to crypto asset funds fell 95% YoY from $9.1B in 2021 to $433M in 2022, the worst year since 2018, when inflows totaled $223M — - Crypto asset funds saw the lowest inflows last year since 2018. — Inflows in 2022 declined to $433 million as bitcoin plummeted over 60%, according to CoinShares data.| Chris Welch / The Verge: |
Roku plans to launch its own TVs in spring 2023 across two brands, Roku Select and a higher-end Roku Plus, ranging from 24 inches for $119 to 75 inches for $999 — Roku is making big news at CES 2023: the company long known for its streaming players and easy-to-use software plans to release its own lineup of TVs this year.
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Roku, Gizmodo, Engadget, CNET, AFTVnews, Ars Technica, CrackBerry, Light Reading, Tom's Guide, BGR, Android Central, Pocket-lint, TechRadar, TheStreet, GameSpot, iPhone in Canada Blog, Mashable, The Streamable, Insider, and Digital Trends
Tweets: @mcwm, @revewatkins, @davezatz, and @greengart
| Grace Kay / Insider: |
Vimeo lays off 11% of its workforce, citing “an uncertain economic environment”, after cutting 6% in July 2022; the company had 1,200+ workers in December 2021 — - Vimeo is laying off 11% of its workforce, a company spokesperson confirmed. — Vimeo CEO Anjali Sud told staff … | Monica Chin / The Verge: |
Asus unveils its Vivobook Pro 16X and ProArt Studiobook 16 laptops with 3.2K, 120Hz glasses-free 3D OLED 16-inch displays — For some companies that sell gaming and creator-oriented laptops, glasses-free 3D has become a bit of a dream. Acer first tried it back in 2021.
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Ars Technica, ZDNet, Tom's Hardware, XDA Developers, CNET, Edge Up, Edge Up, Windows Central, Notebookcheck.net, Laptop Mag, Laptop Mag, Tech Advisor, Tom's Guide, Digital Trends, Engadget, and PCMag
Tweets: @mcsquared96 and @kylebrussell
| Nelson Wang / CoinDesk: |
The US SEC files a limited objection to Binance.US' $1.02B bid for crypto lender Voyager's assets, asking for sufficient details on how Binance plans to pay — The agency is asking for more details how the crypto exchange can afford the deal. — Join the most important conversation … | Bloomberg: |
Sources: Sirius XM and Amazon slow podcast dealmaking and Spotify froze its US budget for new podcasts; all three seek to keep 50% of ad revenue vs. 20% before — As the podcasting universe has matured in recent years it has picked up many of the trappings of more established media industries … | Chris Welch / The Verge: |
A look at Samsung's TV updates in 2023: Neo QLEDs that convert SDR to HDR, futuristic MicroLED displays, improvements to The Frame, and software and AI updates — Last year, Samsung radically shook up the TV market with the introduction of its first OLED model in many years.| Megha Mandavia / Wall Street Journal: |
A look at three pieces of Indian government legislation set to pass in 2023 to regulate US tech giants, mixing EU antitrust rules with China-style surveillance — American tech firms will face hard choices in India this year — The standoff between India and U.S. tech giants will intensify … | Samuel Agini / Financial Times: |
FTX's collapse has forced the global sports industry to rethink lucrative crypto sponsorship deals, some of which replaced gambling partners because of bans — Future of big-ticket sponsorship deals between top-flight clubs and digital assets industry hangs in the balance
Tweets: @kevin_kcdpr and @katie_martin_fx
| Michael Elsen-Rooney / Chalkbeat New York: |
The New York City Department of Education, the US' largest school system, bans access to OpenAI's ChatGPT on school devices and networks, amid cheating concerns — New York City students and teachers can no longer access ChatGPT — the new artificial intelligence-powered chatbot …
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CNET, Gizmodo, Education Week, VICE, and Metaverse Post
| Joseph Menn / Washington Post: |
Cybersecurity company Rapid7 hires former Twitter security chief and whistleblower Peiter “Mudge” Zatko to advise clients; Twitter fired Zatko in January 2022 — Former Twitter security chief Peiter Zatko, whose whistleblower claim against the company triggered multiple ongoing investigations …
Mastodon: @chadloder@kolektiva.social
| Shaurya Malwa / CoinDesk: |
Bonk, a Shiba Inu-themed token issued on Solana on December 25, is up 2,220% in the past week and 150% in the past 24 hours, offsetting some of SOL's decline — The memecoin is up over 150% in the past 24 hours and have recorded some of the highest trading volumes on Solana-based decentralized exchanges.
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Cointelegraph, CoinDesk, Ethereum World News, MEXC Global Blog, crypto.news, and CryptoPotato
Tweets: @degenpoet, @bonk_inu, @solscanofficial, @aeyakovenko, @hellomoon_io, @tomgara, @hsakatrades, @j_finer, @lordsigma, @bonk_inu, @ldrogen, @j_finer, @markynfts, and @aeyakovenko
| Matt Levine / Bloomberg: |
The US case against alleged Mango Markets manipulator Avraham Eisenberg highlights traders treating crypto as a dumb game, ignoring the real-world consequences — Mango — So here's a trade. — You open two accounts on a commodity futures exchange, Account A and Account B.
Tweets: @pt, @mrauchs, @martincschmalz, @aservais1, @michaelbkelley, @sarthakgh, and @business
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