Techmeme
May 18, 2023, 10:55 AM

Top News

Mark Gurman / Bloomberg:
Sources detail Apple's headset ahead of WWDC: shifting the vision from eyeglasses to ski goggles, Tim Cook's product noninvolvement, selling at cost, and more  —  Many times throughout its history, Apple Inc. has redefined consumer technology by breathing new life into an existing category …
Wall Street Journal:
Montana Governor Greg Gianforte signs the country's first bill that bans TikTok in a state, set to go into effect on January 1, 2024  —  Ban is slated to take effect next year—if it survives expected litigation  —  Montana's governor signed the country's first bill that outright bans TikTok …
Huw Jones / Reuters:
A UK Treasury Committee crypto report recommends the government regulate trading and investment in unbacked crypto as gambling instead of a financial service  —  Bitcoin , ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers …
Suvashree Ghosh / Bloomberg:
Binance Australia can no longer offer Aussie dollar deposits due to a decision by Cuscal, “our payment processor's partner bank”, and warns of disruptions  —  The Australian arm of crypto exchange Binance suffered a setback on Thursday after the local platform lost access …
Todd Spangler / Variety:
Michelle Faverio / Pew Research Center:
Survey: 60% of Americans who used Twitter in the past year have taken a break from the social network; 25% say they are not likely to use Twitter in a year  —  A majority of Americans who have used Twitter in the past year report taking a break from the platform during that time …
Financial Times:
Chipmakers TSMC, Samsung, Intel, Micron, Applied Materials, IBM, and Rapidus announce plans to increase manufacturing and deepen tech partnerships in Japan  —  Seven of the world's largest semiconductor makers have set out plans to increase manufacturing and deepen tech partnerships in Japan …
Tatum Hunter / Washington Post:
Fertility tracking app Premom settles with the FTC and state AGs for $200K over allegedly sharing sensitive user information with third parties without consent  —  The app allegedly shared sensitive user information with China-based companies known for privacy problems
Manish Singh / TechCrunch:
Amazon plans to invest $12.7B into its AWS infrastructure in India by 2030, on top of a previous $3.7B, and says its spending will support 131.7K full-time jobs  —  Amazon plans to invest $12.7 billion into its cloud infrastructure in India by 2030, the e-commerce group said Thursday …
Laura Cole / Wired:
An investigation finds that hundreds of freelancers hired as customer service staff catfish users into paying for subscriptions on niche dating and hookup sites  —  Hired as customer service reps, these freelancers were instead tasked with luring in the lonely and lovestruck through a network of dating and hookup sites.
CoinDesk:
Grayscale says the US SEC warned that the Filecoin token meets the definition of a security and asked Grayscale to withdraw its Filecoin Trust application  —  Grayscale announced last month that the SEC suggested FIL might be a security.  —  to withdraw its Form 10 that sought …
Yogita Khatri / The Block:
Tether plans to invest up to 15% of its profits in bitcoin, as the stablecoin developer shifts its reserves toward 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 …
The Record:
Q&A with the FBI's Bryan Smith on how the agency generated 300+ decryption keys from Hive's servers and gave them to victims, avoiding ~$130M in ransom payments  —  While there was excitement when they actually got that access, there was no time to kind of enjoy that moment …

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Earlier Picks

Jess Weatherbed / The Verge:
Dietrich Knauth / Reuters:
Kyle Bradshaw / 9to5Google:
Stephanie Bodoni / Bloomberg:
Ryan Weeks / The Block: