Techmeme
February 13, 2023, 4:40 PM

Top News

Wall Street Journal:
Binance says the NYDFS ordered Paxos to stop issuing its BUSD stablecoin, which has 6.2M holders; Paxos will continue redemptions until at least February 2024  —  Firm will continue to manage redemptions of the product  —  New York regulators directed a crypto company to stop issuing …
More: Paxos, CoinDesk, Bloomberg, Reuters, Forbes, CoinDesk, CoinDesk, CoinDesk, Bloomberg, Protos, CoinJournal, Cointelegraph, PYMNTS.com, MarketWatch, Unchained, CoinGape, CNBC, Bitcoinist.com, Ethereum World News, Bitcoin News, The Verge, Cointelegraph, crypto.news, Fortune, NewsBTC, Gizmodo, Crowdfund Insider, Watcher Guru, CryptoPotato, Coinpedia Fintech News, CryptoSlate, Inside Bitcoins, Blockworks, Trustnodes, Cryptopolitan, The Daily Hodl, The Block, Coinspeaker, Tech Startups, The Block, Micky, Forkast, and Cryptonews
Wall Street Journal:
Ashley Capoot / CNBC:
Twilio plans to cut ~17% of its workforce, or ~1,500 jobs, after laying off ~11% in September 2022 and will form two units to spend less and be more efficient  —  - Twilio on Monday announced plans to cut about 1,500 employees, or around 17% of its workforce, according to a blog post shared on the company's website.
Shenghao Bai / Counterpoint Research:
Analysis: the iPhone 14 Pro Max 128GB's blended bill of materials cost is ~$464, up 3.7% on the iPhone 13 Pro Max, with 22%+ accounting for Apple-designed chips  —  - The blended bill of materials (BoM) cost for the iPhone 14 Pro Max with 128GB Nand flash is about $464, a 3.7% increase from that of the iPhone 13 Pro Max.
Drew Harwell / Washington Post:
A study finds 11 data brokers selling Americans' mental health information, including on antidepressants, insomnia, and attention issues, likely from app makers  —  Capitalizing on the pandemic explosion in telehealth and therapy apps that collect details of your mental health needs …
Samantha Cole / VICE:
A look at the torrent of deepfake porn harassment targeted at female creators as a Twitch streamer is caught and admits to buying deepfakes of fellow streamers  —  After Atrioc was caught buying non-consensual, pornographic deepfakes of fellow Twitch streamers, the abuse against women targeted has been endless.
Dmitri Brereton / DKB Blog:
At Microsoft's demo last week, the “new Bing” incorrectly summarized Gap's Q3 2022 earnings and provided wrong info on a pet vacuum and Mexico City nightlife  —  Microsoft knowingly released a broken product for short-term hype  —  Bing AI got some answers completely wrong during their demo.
Juli Clover / MacRumors:
Apple releases macOS Ventura 13.2.1, iOS 16.3.1, and iPadOS 16.3.1 with a patch for a WebKit arbitrary code execution bug reportedly being actively exploited  —  The macOS Ventura 13.2.1, iPadOS 16.3.1, and iOS 16.3.1 updates that Apple released today include minor bug fixes …
Jamie Crawley / CoinDesk:
Bakkt plans to shut down its consumer crypto app on March 16, two years after debuting Bakkt App with partners including Starbucks, Best Buy, and Choice Hotels  —  Users will be able to manage their assets over the web after March 16.  —  Digital asset platform Bakkt (BKKT) …
Financial Times:
A look at Andy Jassy's challenges running Amazon, down by $1T in market cap since he took over in 2021: cutting staff and costs, growing Prime's value, and more  —  Investors joining Amazon's earning call earlier this month were greeted with a surprise guest: the group's chief executive, Andy Jassy.

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Wall Street Journal: