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March 27, 2023, 7:40 PM
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Top News

CFTC:
The CFTC sues Binance, CEO CZ, and a former chief compliance officer, calling the company's compliance efforts “a sham” and its structure “intentionally opaque”  —  Washington, D.C. — The Commodity Futures Trading Commission today announced it has filed …
Matt Levine / Bloomberg:
The CFTC's case vs. Binance is mainly about US clients, like high-frequency trading firms in NYC and Chicago, using an unregistered crypto derivatives exchange  —  Binance  —  A decent rule of thumb is that all cryptocurrency exchanges are doing crimes, and if you're lucky your exchange is doing only process crimes.
Binance Blog:
Binance CEO CZ says CFTC's complaint contains “incomplete recitation of facts” and Binance does not agree with “characterization of many of the issues alleged”
Daniel Taub / Bloomberg:
First Citizens agrees to acquire Silicon Valley Bank's commercial banking business from the FDIC, including all deposits and loans, at a $16.5B discount  —  First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
Frederic Lardinois / TechCrunch:
Microsoft says Teams has 280M MAUs, up from 270M MAUs in January 2022, and the rebuilt Teams rolling out to Windows' Public Preview program is twice as fast  —  Teams, Microsoft's Slack rival, has always had a bit of a reputation for being slow and resource-hungry.
Dustin Volz / Wall Street Journal:
Biden signs an EO limiting US agencies' use of hacking tools from companies that are linked to human rights abuses or are deemed to pose national security risks  —  Officials say at least 50 U.S. personnel overseas had been compromised by commercial spyware
Alex Hern / The Guardian:
Nvidia CTO Michael Kagan says crypto does not “bring anything useful for society” and other processing power uses like AI are more worthwhile than mining crypto  —  Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining
Juli Clover / MacRumors:
Apple debuts iOS 16.4 with 21 new emoji, Safari push notifications for web apps on the Home Screen, Voice Isolation for calls, Crash Detection tweaks, and more  —  Apple today released iOS 16.4, the fourth major update to the iOS 16 operating system that initially came out last September. iOS 16.4 comes …
Rohan Goswami / CNBC:
Lyft co-founders Logan Green and John Zimmer plan to step down as CEO on April 17 and president on June 30; ex-Amazon executive David Risher is set to be CEO  —  - Lyft's cofounders, Logan Green and John Zimmer, will step back from their day-to-day roles as CEO and president, respectively.
Sarah Zheng / Bloomberg:
Kaspersky: some versions of Pinduoduo, which Google suspended from its app store, exploited Android vulnerabilities to install backdoors and access user data  —  Security researchers at Moscow-based Kaspersky Lab have identified and outlined potential malware in versions …
Larry DiTore / The Block:
Filing: MicroStrategy bought 6,455 BTC for ~$150M from February 16 to March 23 at an average price of $23,238; the company held ~$4.14B worth of BTC on March 23  —  - MicroStrategy now has a little more than $4 billion worth of bitcoin in its corporate coffers.
Katie Haun / Wall Street Journal:
Regulators are choking the crypto industry in the US, but major policy decisions should be made by Congress and state legislatures, not by unelected officials  —  The effort would stifle American innovation and competition—and that seems to be the objective.  —  WSJ Opinion: Congress Hammers TikTok
Emma Roth / The Verge:
Zoom partners with OpenAI to expand its Zoom IQ assistant with features to generate whiteboards from text prompts, recap meetings, summarize threads, and more  —  Zoom has become the latest productivity app to expand its use of artificial intelligence.  In a blog post published on Monday …
Richard Milne / Financial Times:
Ammo maker Nammo says its growth is limited by a TikTok data center using all the spare electricity, as energy demand across industries grows in the Nordics  —  Norwegian group Nammo blames ‘storage of cat videos’ for threatening its growth as data centre corners spare electricity

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This is a Techmeme archive page. It shows how the site appeared at 7:40 PM ET, March 27, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Wall Street Journal:
Sources: Disney board members are exploring fresh candidates in their search for a successor to Bob Iger, including EA CEO Andrew Wilson

Benjamin Mullin / New York Times:
Nicholas Carlson unveils Dynamo, a video-focused company that aims to make “cinematic” stories, and raised $3.4M from Henry Blodget, Jessica Lessin, and others

Le Monde:
Le Monde, Le Figaro, Les Echos, and other French news outlets sue X, accusing it of running their content without paying, violating so-called neighboring rights

More News

Margaux Nijkerk / CoinDesk:
Polygon launches the mainnet beta of its zkEVM layer 2 scaling solution for Ethereum, three days after rival Matter Labs released its own zkEVM, zkSync Era
Chris Welch / The Verge:
Sonos Era 300 review: the best spatial audio from any speaker, flexible connectivity options, but a poor Sonos app UX, and spatial audio quality varies by track

Earlier Picks

Reuters:
Sources: Jack Ma has returned to China after over a year; sources: since late 2022, China Premier Li Qiang had urged Ma to return to allay private sector fears
Simon Sharwood / The Register:
The French government bans TikTok and all other recreational apps from staff phones, claiming that none have sufficiently robust security for government devices
Sarah E. Needleman / Wall Street Journal:
A look at Modulate's ToxMod and other AI-based tools that help gaming companies moderate voice chats in online games, amid concerns of accuracy and user privacy
Bloomberg:
Sources: the Hong Kong arms of three Chinese state banks reached out to offer services to crypto companies in the past few months, despite a mainland crypto ban
Pranshu Verma / Washington Post:
A mid-March Midjourney update seemingly fixed one of the AI image generator's major failings: its inability to depict lifelike human hands with five fingers
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