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May 17, 2023, 1:00 PM
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| Yogita Khatri / The Block: |
Tether says it will invest up to 15% of its profits in bitcoin, as the company shifts its reserves towards crypto and away from US government debt — - Tether is set to purchase bitcoin on a regular basis from its profits. — It held $1.5 billion in bitcoin as of the end of the first quarter …
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Tether, CoinDesk, Blockworks, Decrypt, Bloomberg, Finbold, Protos, BeInCrypto, Cryptopolitan, Trustnodes, Cryptonews, Cointelegraph, CNBC, CryptoPotato, CoinGape, CryptoSlate, Coinpedia Fintech News, and Watcher Guru
Tweets:
@paoloardoino and @tether_to
| Lawrence Abrams / BleepingComputer: |
Cybersecurity researchers and IT admins raise concerns over Google's new .zip and .mov TLDs, warning that threat actors could use them for phishing and malware — Cybersecurity researchers and IT admins have raised concerns over Google's new ZIP and MOV Internet domains …
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Bobbyr, CircleID, text/plain, The Register, Digital Trends, TechRadar, and ITPro
Tweets:
@1zrr4h, @swiftonsecurity, @rickasaurus, @seyitaylor, @thejoshmeister, @molly0xfff, @ericlaw, @smaugpool, @gf_256, and @troyhunt
| Nikhilesh De / CoinDesk: |
A federal judge in the Ripple lawsuit rules the US SEC cannot seal docs tied to former official William Hinman, who said ether isn't a security in a 2018 speech — The order deals a blow to the SEC in its longstanding procedural fight against Ripple. — A federal judge ruled …
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Tweets:
@filanlaw, @bgarlinghouse, @johnedeaton1, @attorneyjeremy1, @roslynlayton, and @mayazi
| Ryan Weeks / The Block: |
Ripple acquires Switzerland-based digital asset custody startup Metaco for $250M in cash and stock and plans to keep the brand and founder Adrien Treccani — David Paul Morris/Bloomberg via Getty Images — Crypto payments firm Ripple shelled out $250 million for Swiss custody startup Metaco.
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Ripple, PYMNTS.com, Ripple Labs, CoinDesk, Reuters, AltFi, Finextra, Crypto Daily, TechCrunch, Decrypt, crypto.news, Cryptonews, Tech.eu, CryptoSlate, CNBC, CryptoGlobe, Fortune, Metaco, Coinpedia Fintech News, Tech Startups, Watcher Guru, Forkast, and The Crypto Basic. Tweets:
@maxkeiser
| CNBC: |
In an interview, Elon Musk discussed acquiring Twitter, defended his inflammatory tweets, called tech workers the “laptop class living in la-la-land”, and more — Tesla CEO Elon Musk sat down for a sprawling interview with CNBC anchor David Faber on Tuesday following .
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LinkedIn:
Lora Kolodny. Mastodon:
@MikeElgan@mastodon.social, @mimsical@mastodon.social, @mimsical@mastodon.social, @malwaretech@infosec.exchange, @TimothyNoah@journa.host, @jsrailton@mastodon.social, and @Jonathanglick@mstdn.social
Tweets:
@nikkimcr, @alx, @ambermac, @mattbinder, @ianbremmer, @zoeschiffer, @dnystedt, @elivalley, @dsignasaur, @arictoler, @patrickmcgee_, @oablanchard, @elonmusk, @marionawfal, @nikkimcr, @kyliebytes, @brandyzadrozny, @shayan86, @hashtaggriswold, @junlper, @smtuffy, @parismarx, @yoda, @benjamingoggin, @zoeschiffer, @garyblack00, @codepo8, @zlingerrr, @whatapityonyou, and @junlper
| Jonathan Greig / The Record: |
Symantec says the advanced persistent threat Lancefly used custom malware to attack Asian governments, telcos, and other organizations from mid-2022 to Q1 2023 — A government-backed hacking group known as “Lancefly” has been seen using custom-made malware to attack governments, telecoms and other organizations across Asia.| Kevin Purdy / Ars Technica: |
Belkin says the company won't patch a buffer overflow vulnerability in the Wemo Mini Smart Plug V2 disclosed on March 14 as the device is at the end of its life — Tricking a plug with a too-long name could lead to buffer overflows, injections. — I once co-owned a coworking space.
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Sternum, The Verge, AppleInsider, The Hacker News, MacRumors, and MobileSyrup
| Douglas MacMillan / Washington Post: |
Investigation: some US public housing agencies use surveillance cameras with facial recognition and other AI to evict residents, sometimes for minor violations — Surveillance cameras purchased with federal crime-fighting grants are being used to punish and evict public housing residents … | Tech Transparency Project: |
Researchers find that YouTube recommends videos on guns and school shootings to young gamers, despite the platform's policies against “violent or gory content” — YouTube says it delivers ‘responsible’ video recommendations. But its algorithms steered accounts …
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Engadget, Associated Press, Beyond Search, Forbes, TechSpot, Gizchina, and Dexerto
Tweets:
@moustafaayad and @ttp_updates
| Jess Weatherbed / The Verge: |
Stability AI releases StableStudio, an open-source version of DreamStudio, its commercial interface for the company's text-to-image Stable Diffusion model — Stability AI is releasing an open-source version of DreamStudio, a commercial interface for the company's AI image generator model, Stable Diffusion.
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Stability AI, SiliconANGLE, Gizmodo, VentureBeat, and GitHub
Tweets:
@emostaque and @stabilityai
| Financial Times: |
Sources: Volkswagen held talks to use Huawei software in its cars in China, after its software unit Cariad missed its development goals and exceeded its budget — Turmoil at German carmaker's in-house software arm threatens to affect market share — Volkswagen has held talks …
More:
Pandaily and Huawei Central
Tweets:
@noahbarkin, @petercampbell1, @leemakiyama, and @sino_market
| Peter Landers / Wall Street Journal: |
IBM plans to give $100M and Google $50M for quantum computing research to the University of Chicago and the University of Tokyo ahead of the G7 summit — Deal to be announced at Hiroshima G-7 summit seeks to preserve American lead in critical technology — TOKYO—IBM and Google … | Financial Times: |
As Chinese companies recruit South Korean tech talent more aggressively, Seoul creates a database to monitor South Korean chip engineers' international travel — Seoul says US export controls have made Chinese companies more aggressive in acquiring expertise| Sarah Perez / TechCrunch: |
Amazon announces the new $40 semi-circle design Echo Pop, updates the $90 Echo Show 5, $100 Echo Show 5 Kids Edition, $50 Echo Buds, expands Echo Auto, and more — After last fall's Amazon hardware event which brought us a handful of new Echo devices, like the Dot with the clock and other minor updates …
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The Verge, TechCrunch, GeekWire, About Amazon, Gizmodo, Thurrott, Android Police, The Verge, Wired, Android Authority, Engadget, Engadget, Engadget, PCMag, Android Central, MakeUseOf, Bloomberg, SlashGear, TechPowerUp, and CNBC
| Brian Krebs / Krebs on Security: |
Researchers bought 228 phones from PropertyRoom.com, a top auction house for US police departments, and found many had not been wiped and had no PIN or passcode — Countless smartphones seized in arrests and searches by police forces across the United States are being auctioned online without … | Stephanie Bodoni / Bloomberg: |
Sources: the Irish DPC is set to hand Meta a record EU privacy fine and order the company to stop all data transfers to the US that rely on certain clauses — Facebook owner Meta Platforms Inc. is set to be handed a record European Union privacy fine eclipsing a €746 million ($809 million) penalty doled out to Amazon.com Inc..
Tweets:
@stephaniebodoni
| Heather Kelly / Washington Post: |
Uber plans to let minors aged 13 to 17 ride solo for the first time in select US and Canadian cities starting on May 22, via the use of a special family account — Kids between 13 and 17 years old will soon be able to hail a ride in an Uber — Until now, teenagers weren't supposed to ride alone in an Uber.
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GeekWire, Insider, CNN, TechCrunch, Engadget, The Verge, Livemint, TechCrunch, Axios, Fast Company, Canadian Press, Bloomberg, CNBC, The Center Square, and Mashable
| Chris Welch / The Verge: |
Beats Studio Buds+ review: better sound, ANC, battery, and calls, but ANC lags AirPods Pro 2, no wireless charging, and lacks some of Apple's ecosystem tricks — With better sound, improved noise cancellation, and a standout translucent design, these are everything the original Beats Studio Buds should've been.
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iMore, CNET, The Mirror, Daily Mail, Engadget, AppleInsider, Gizmodo, MacRumors, TechCrunch, 9to5Mac, iPhone in Canada Blog, Pocket-lint, SlashGear, Digital Trends, T3, PCMag, Tom's Guide, and Trusted Reviews
Tweets:
@beatsbydre, @chriswelch, @beatsbydreuk, and @parkerortolani
| Ivan Mehta / TechCrunch: |
Instagram adds support for GIFs in comments on posts and Reels, plans to launch a lyrics feature for Reels, and will roll out Instagram Gifts in India — On Tuesday, Mark Zuckerberg held a chat with Instagram head Adam Mosseri as part of the company launching collaboration feature on broadcast channels.
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The Verge, Engadget, Meta, Social Media Today, BigTechWire, The Economic Times, Times of India, Gizmochina, gHacks Technology News, Techlusive, and Neowin
Tweets:
@metanewsroom, @mattnavarra, and @yoda
| Judith Bannermanquist / Cointelegraph: |
Crypto wallet startup Ledger faces criticism after unveiling an optional seed phrase recovery subscription service that some security experts say is insecure — Many members of the crypto community believe Ledger's latest seed phrase recovery feature is a bad idea. — 362 Total views
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Ledger, Unchained Crypto, Bitcoin News, Crypto Daily, Micky, Axios, and Blockworks
Tweets:
@ledger, @chainlinkgod, @alistairmilne, @ledger, @chrisdunntv, @sayinshallah, @krrishd, @huntergray, @cercatrova_21, @mrjacklevin, @slashbin_fr, @plugsplays, @mudit__gupta, @fabian_vbergen, @peruvian_bull, @olimpiocrypto, @econoalchemist, @mudit__gupta, @iamdcinvestor, @adamscochran, and @bantg
| Sankalp Phartiyal / Bloomberg: |
India unveils a ~$2B, six-year incentive scheme to entice makers of laptops, tablets, and other hardware to the country, following its 2021 smartphone program — India is unveiling a 170 billion rupee ($2 billion) financial incentive plan to draw makers of laptops, tablets and other hardware …
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TechCrunch, 9to5Mac, Moneycontrol, Patently Apple, Reuters, MacDailyNews, and Slashdot
| Chance Miller / 9to5Mac: |
Apple touts $2B+ in App Store fraud stopped in 2022, nearly 3.9M stolen credit cards blocked, 147M+ ratings/reviews removed, and 428K developer accounts closed — Apple is out with a new press release today touting the success of the App Store's ability to prevent fraud.| Jennifer Elias / CNBC: |
Internal document: Google trained PaLM 2 on 3.6T tokens and 340B parameters, compared to 780B tokens and 540B parameters for the original PaLM in 2022 — - Google's PaLM 2 large language model is using nearly five times the amount of text data for training as its predecessor LLM, CNBC has learned.| Jing Yang / Wall Street Journal: |
Sources: Shein raised $2B at a $66B valuation, down from $100B in April 2022, led by Sequoia, General Atlantic, and Mubadala; Shein made $23B in 2022 revenue — Online retailer made $800 million net profit in 2022 and is targeting 40% growth, but faces geopolitical headwinds and rising competition| Catherine Shu / TechCrunch: |
Singapore-based Bolttech, a B2B2C startup that offers “embedded” insurance products, raised a $196M Series B led by Japan's Tokio Marine at a $1.6B valuation — Embedded insurtech is still hot, as the $196 million in funding landed by bolttech proves.
More:
Finextra, DealStreetAsia, Dow Jones Newswires, and Wall Street Journal
| Abner Li / 9to5Google: |
Google updates its inactivity policy: accounts inactive for at least two years will be deleted, except for those with YouTube videos, starting in December 2023 — In 2020, Google said it would remove content stored in an inactive account (but not the account itself) to preserve storage space.
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The Keyword, BGR, New York Times, PCWorld, Insider, Macworld, USA Today, Pocketables, Cord Cutters News, Gizchina, Digit, AppleInsider, TechSpot, iMore, Wccftech, MediaNama, Silicon Republic, Techlusive, BetaNews, Livemint, TweakTown, SamMobile, Phandroid, NPR, CNN, WRAL TechWire, Android Police, Ars Technica, Tech.co, and WeRSM
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@tszzl, @eshear, @ctbeiser, @nathanpmyoung, @dandouglas, @dns, @pfau, @can, @can, @can, @elissabeth, @dnaccess, @rustybrick, @impemboganecue, and @textfiles
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