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January 4, 2023, 4:35 PM
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| Vincent Manancourt / Politico: |
The Irish DPC fines Meta €390M over behavioral ad data violations, giving Meta three months to resolve the issues, a significant blow to Meta's EU ad business — 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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| New York Times: |
Coinbase reaches a $100M settlement with NY regulators over breaking anti-money-laundering laws, comprising a $50M fine and $50M for compliance; COIN jumps 12%+ — 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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| Nivedita Balu / Reuters: |
Memo: Salesforce plans to lay off around 10% of its staff and close some offices, expecting to incur $1.4B to $2.1B in charges for the restructuring — Salesforce Inc (CRM.N) said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan …
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| Aaron Holmes / The Information: |
Sources: Microsoft plans to release a version of Bing that uses OpenAI's ChatGPT tech to answer some search queries, possibly launching as soon as Q1 2023 — Microsoft could soon get a return on its $1 billion investment in OpenAI, creator of the ChatGPT chatbot, which gives humanlike text answers to questions.
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| Chris Welch / The Verge: |
Roku plans to launch its own TVs in spring 2023 across two brands, Roku Select and 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, Ars Technica, TechHive, CNET, MUO, ZDNet, Thurrott, Insider, Light Reading, Tom's Guide, Android Authority, BGR, Android Central, Pocket-lint, TechRadar, TheStreet, GameSpot, iPhone in Canada Blog, Mashable, The Streamable, Digital Trends, and PCMag
Tweets: @mcwm, @revewatkins, @davezatz, and @greengart
| Andrew Hayward / Decrypt: |
NFT service Magic Eden, the largest Solana marketplace, blames a hacked image caching service after some users were served porn and TV stills instead of the NFT — 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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Gizmodo, CoinDesk, Cointelegraph, The Block, NFT Evening, MEXC Global Blog, CryptoPotato, Web3 is Going Just Great, and crypto.news
Tweets: @magiceden, @fedeonekenoby, @coinpapi69, @yaboibeclownin, @thecryptomie, @yaboibeclownin, @punk9059, @thecheesemantx, and @jon_hq
| Bill Toulas / BleepingComputer: |
Almost twenty car manufacturers and services contained API flaws that could have allowed hackers to access customers' data and unlock, start, and track cars — Almost twenty car manufacturers and services contained API security vulnerabilities that could have allowed hackers to perform malicious activity … | Thomas Germain / Gizmodo: |
In another wrongful arrest using erroneous facial recognition matches, a Black man in Georgia was jailed for a week due to a warrant secured by Louisiana cops — 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.| Bloomberg: |
Sources: Sirius XM and Amazon are slowing podcast deals, Spotify is freezing 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 … | Grace Kay / Insider: |
Vimeo lays off 11% of its workforce, citing the uncertain economic environment, after cutting 6% in July 2022; the company had 1,200+ staff as of December 2021 — - Vimeo is laying off 11% of its workforce, a company spokesperson confirmed. — Vimeo CEO Anjali Sud told staff in an email … | Chris Welch / The Verge: |
A look at Samsung's TV updates in 2023: Neo QLEDs converting SDR to HDR, futuristic MicroLED TVs, 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.
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Samsung Newsroom, TechHive, CNET, Tom's Guide, BGR, Digital Trends, Wccftech, and Press Start. Tweets: @chriswelch
| 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 … | Shaurya Malwa / CoinDesk: |
Bonk, a Shiba Inu-themed coin on Solana issued on December 25, has risen 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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Watcher Guru, CoinDesk, MEXC Global Blog, Ethereum World News, CoinGape, Insider, Coinpedia Fintech News, crypto.news, CryptoPotato, CoinJournal, and Seeking Alpha
Tweets: @degenpoet, @tomgara, @bonk_inu, @solscanofficial, @aeyakovenko, @hellomoon_io, @hsakatrades, @j_finer, @lordsigma, @bonk_inu, @ldrogen, @j_finer, @markynfts, @aeyakovenko, @bonk_inu, @sergekass, and @ocalebsol
| 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
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The Block, Bloomberg, Reuters, and Watcher Guru
| 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.
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CoinShares Blog, Decrypt, Blockworks, and Crowdfund Insider
| 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 … | 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
| 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
| Ron Amadeo / Ars Technica: |
Android's director of engineering said Google wants RISC-V as a “tier-1” Android architecture and shared a years-long roadmap at December 2022's RISC-V summit — Google's keynote at the RISC-V Summit promises official, polished support. — Over the holiday break … | Kate Conger / New York Times: |
Twitter begins relaxing its longstanding ban on cause-based ads in the US and plans to expand permitted political advertising in the coming weeks — Elon Musk's social media service said it would begin to permit cause-based advertising to “facilitate public conversation around important topics.”
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Mastodon: @Jbat@mstdn.media. Tweets: @twittersafety, @jason_kint, @jason_kint, @ttagaris, @digiphile, @brerva, @brettpransky, and @evan_greer
| Casey Newton / Platformer: |
Twitter Product Engineering Lead Behnam Rezaei and Senior Director of HR Business Partner Katie Marcotte both resign; Marcotte was at Twitter for 10 years — ByteDance thought it had a deal with the government in August. Then came the bans — and a spying scandal| Bloomberg: |
Sources: China is pausing massive investments and costly subsidies for its chip industry amid a COVID-19 wave, seeking alternatives to help homegrown chipmakers — China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains …
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MIT Technology Review. Tweets: @richardhanania, @jimpethokoukis, @bloombergtv, @gdp1985, @thestalwart, @pelstrom, @sdonnan, @dalperovitch, @annmarie, and @counternotions
| Paul Kiernan / Wall Street Journal: |
The US Federal Reserve, FDIC, and OCC warn banks that issuing or holding crypto “is highly likely to be inconsistent with safe and sound banking practices” — Regulators say holding cryptocurrencies is likely inconsistent with safe banking practices — Crypto's Crash Has Been Swift but Largely Self-Contained.
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The Federal Reserve, NPR, Gizmodo, Trustnodes, and Crypto Daily
Tweets: @jp_koning, @ddisparte, and @ddayen
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