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February 13, 2023, 5:20 PM
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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, Bloomberg, CoinDesk, Forbes, CoinDesk, CoinDesk, CoinDesk, Bloomberg, CoinJournal, MarketWatch, Unchained, Bitcoin News, CNBC, CoinGape, PYMNTS.com, Cointelegraph, The Verge, NewsBTC, Gizmodo, Crowdfund Insider, Watcher Guru, Ethereum World News, Coinpedia Fintech News, crypto.news, ExchangeWire.com, CryptoSlate, Reuters, Cryptopolitan, The Block, Tech Startups, The Block, CryptoPotato, Micky, and Forkast
Tweets: @cz_binance, @cz_binance, @cz_binance, @cz_binance, @cz_binance, @whale_alert, @gaborgurbacs, @asvanevik, @paxosglobal, @jeffjohnroberts, @emilyjnicolle, @fintechfrank, @tree_of_alpha, @cz_binance, @schuldensuehner, @ashcryptoreal, @cz_binance, @stackersatoshi, @noelleinmadrid, @mhonkasalo, @jamyies, @wublockchain, @chainlinkgod, @cwpaulm, @shvandrew, @cryptoworldjosh, @eleanorterrett, @defiignas, @smdiehl, @dfauchier, @mdudas, @clara_medalie, @wublockchain, @whale_alert, @epro, @paxosglobal, @adamscochran, @kaikodata, @ctolarsson, @dfauchier, @chainlinkgod, @adamscochran, @lawmaster, @tier10k, @tranjanofficial, @cz_binance, @tree_of_alpha, @coinmamba, @silvermanjacob, @emilyjnicolle, @mdudas, @3pointo_cap, @peckshieldalert, @ashcryptoreal, @nachotrades, @paxosglobal, @peckshieldalert, @0xfoobar, @du09btc, @ninjascalp, @arturo_p_a, @statelayer, @jamyies, @tree_of_alpha, @tier10k, @frances_coppola, @du09btc, @loopifyyy, @adamscochran, @noelleinmadrid, @austin_federa, @bitfinexed, @fintechfrank, @muyaoshen, @yueqi_yang, @chadcaff, @vegetacrypto1, @binance, @emilyjnicolle, @matthew_d_green, @noelleinmadrid, @satoshiflipper, @mikeburgersburg, @news_of_alpha, @nic__carter, @emilyjnicolle, @emilyjnicolle, @criptopaul, @paxosglobal, @nic__carter, and @tree_of_alpha
Wall Street Journal:
Sources: the SEC told Paxos the agency plans to sue the crypto firm, alleging the Paxos-issued and listed Binance USD stablecoin is an unregistered security
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.
Wesley Hilliard / AppleInsider:
Twitter delays its new paid API rollout by “a few more days”, claiming there is an “immense amount of enthusiasm for the upcoming changes with Twitter API”  —  Twitter continues confusing shift away from free API  —  Without just hours of advance notice before the deadline …
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.
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) …
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 …
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.
Max Tani / Semafor:
A look back at Spotify betting hundreds of millions of dollars on podcasts, which CFO Paul Vogel says were a “big drag on our business in 2022”  —  By 2021, Spotify had paid to sign some of the biggest names in podcasting, and it was ready to start squeezing its competitors.

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From Mediagazer

Wall Street Journal:
A profile of incoming FCC Chair Brendan Carr, a telecom lawyer and longtime FCC official who believes tech and media companies have been unfair to conservatives

Washington Post:
How NewsGuard, which attained “sustainable profitability” six years after its launch, became a prime target of the GOP's battle against disinformation watchdogs

Wall Street Journal:
Sources describe Netflix's struggles handling traffic for the Tyson-Paul fight, with viewership nearly three times what the company had anticipated

More News

Belle Lin / Wall Street Journal:
Uber strikes seven-year deals with Google Cloud and Oracle to host its IT infrastructure, 95%+ of which an Uber executive says is housed in its own data centers

Earlier Picks

Kat Tenbarge / NBC News:
Sex educators, adult stars, and sex workers complain about Instagram, saying Meta's moderation has gotten more punitive and less predictable since SESTA-FOSTA
Benj Edwards / Ars Technica:
A Stanford student used a prompt injection attack to reveal Bing Chat's codename Sydney and its initial prompt that governs how the service interacts with users
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