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June 5, 2023, 12:40 PM
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| New York Times: |
The SEC sues Binance and CEO Changpeng Zhao, accusing the company of mishandling billions in customer funds, lying to regulators and investors, and more — The S.E.C. said the world's largest cryptocurrency exchange mixed “billions of dollars” in customer funds and secretly sent …
More:
Wall Street Journal, U.S. Securities …, Bloomberg, Binance Blog, The Verge, CoinDesk, US District Court for the District of Columbia, The Information, Blockworks, Engadget, The Block, NBC News, Livemint, Financial Times, Axios, Cointelegraph, Reuters, CNBC, Watcher Guru, nft now, crypto.news, Bitcoin News, Coinpedia Fintech News, Bitcoinist.com, Cryptonews, CoinJournal, Slashdot, CryptoSlate, and CoinGape
Bluesky:
@dmnd.me. Tweets:
@cz_binance, @cz_binance, @tier10k, @splitcapital, @tier10k, @binance, @tier10k, @dogetoshi, @dogetoshi, @dogetoshi, @bitfinexed, @thestalwart, @wublockchain, @alex, @colorhedge, @alexweprin, @ftalphaville, @campbelljaustin, @ap_abacus, @katie_martin_fx, @wublockchain, @katie_martin_fx, @dogetoshi, @adamscochran, @binanceus, @fordm, @tier10k, @nansen_ai, @eleanorterrett, @adamscochran, @adamscochran, @kapursanat, @jamie247, @saliencexbt, @adamscochran, @adamscochran, @jeffjohnroberts, @udiwertheimer, @wublockchain, @katie_martin_fx, @wublockchain, @julie188, @thestalwart, @keithdsouza, @johnreedstark, @matthewstoller, @mikealfred, @matthewstoller, @mrjasonchoi, @prhillmann, @dlauer, @susanlitv, @hsakatrades, @flitteronfraud, @wublockchain, @silvermanjacob, and @twobitidiot
| Reuters: |
Bank records: from 2019 to 2020, Binance executive Guangying Chen operated five Silvergate accounts belonging to Binance's purportedly independent US affiliate — A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange's purportedly …
More:
CoinDesk, PYMNTS.com, Fortune, Protos, and CoinGape
Tweets:
@aaberwick, @bradydale, @northrocklp, @ben_mckenzie, @silvermanjacob, @silvermanjacob, and @smdiehl
| Bloomberg: |
Sources: Binance's Richard Teng is the frontrunner to become CEO if Changpeng Zhao steps down, as US regulatory scrutiny makes succession planning more urgent — In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe.
More:
CoinDesk, The Block, Fortune, Tech Startups, Coinpedia Fintech News, Coinspeaker, Bitcoinist.com, Cryptopolitan, Watcher Guru, Cryptonews, crypto.news, CryptoSlate, Reuters, CoinGape, and Bitcoin News
Tweets:
@wublockchain, @binance, @patrick_tankt, @mdudas, and @emilyjnicolle
| New York Times: |
Internal document: Twitter's US ad revenue from April 1 to the first week of May fell 59% YoY to $88M; sources say that performance is unlikely to improve soon — In internal forecasts, the company projected that ad sales would keep declining, handing a tough challenge to its new chief executive.
More:
The Information, BBC, PYMNTS.com, New York Post, 9to5Mac, WinBuzzer, Fortune, and The Verge
Bluesky:
@chris.chabot.dev, @marisakabas.bsky.social, and @triketora.bsky.social
| Alexa Corse / Wall Street Journal: |
Stanford researchers: Twitter didn't stop uploads of 40+ known child sexual abuse images in recent months; the issue seemed fixed in May after staff were told — Social-media platform has now improved its detection system, Stanford Internet Observatory was told| Lawrence Abrams / BleepingComputer: |
Atomic Wallet investigates user reports of compromised accounts and tries to block stolen crypto from being sold; a researcher says the hack could exceed $35M+ — The developers of Atomic Wallet are investigating reports of large-scale theft of cryptocurrency from users' wallets, with over $35 million in crypto reportedly stolen.
More:
The Economic Times, Decrypt, Finbold, CSO, Unchained Crypto, Invezz, Coinspeaker, Cointelegraph, Cointelegraph, Inside Bitcoins, CryptoGlobe, CoinDesk, Coinpedia Fintech News, CryptoPotato, Protos, Coinmonks, crypto.news, Cryptopolitan, Micky, Bitcoinist.com, Infosecurity, International Business Times, CryptoSlate, Web3 is Going Just Great, Watcher Guru, and The Daily Hodl
Tweets:
@zachxbt, @atomicwallet, @atomicwallet, @atomicwallet, @zachxbt, @zachxbt, @zachxbt, @cz_binance, @buffalu__, @peckshieldalert, @anbessa100, and @bleepincomputer
| Sahar Elhabashi / Spotify: |
Spotify cuts ~200 jobs, or 2% of its staff, at its podcast unit, combines Parcast and Gimlet into a renewed Spotify Studios, and reports 100M+ podcast listeners — Below is an adaptation of an internal update on Spotify's Podcast Business from Sahar Elhabashi, VP, Head of Podcast Business.
More:
TechCrunch, The Verge, Engadget, The Week, The Information, CNBC, Axios, Bloomberg, Neowin, Variety, Mashable, Fortune, Wall Street Journal, Tech Startups, The Hollywood Reporter, Deadline, and NBC Bay Area
Tweets:
@said_mitch, @michellemanafy, @pt, @zachthemack, @kerrymflynn, @ashleyrcarman, and @marypcbuk
| Jon Porter / The Verge: |
To protest Reddit's API pricing for third-party apps, r/videos, r/reactiongifs, r/earthporn, and other big subreddits plan to go private on June 12 for 48 hours — Some of Reddit's biggest communities including r/videos, r/reactiongifs, r/earthporn, and r/lifeprotips are planning to set themselves …
More:
The Register, Android Authority, Engadget, PCWorld, TechCrunch, reddit, Neowin, SlashGear, VICE, and Appuals.com
| William Turton / Bloomberg: |
BA, the BBC, and others warn staff that their data may have been stolen in Progress' MOVEit hack; thousands of companies could be impacted by the vulnerability — British Airways and the government of Nova Scotia are among the earliest known victims of an ongoing hacking campaign …
More:
BBC, Cybersecurity Dive, The Mirror, and SiliconANGLE
| Lawrence Abrams / BleepingComputer: |
More:
TechCrunch, BleepingComputer, Security Affairs, Dark Reading, Infosecurity, SecurityWeek, The Hacker News, and Help Net Security
Tweets:
@msftsecintel and @msftsecintel
| Jess Weatherbed / The Verge: |
Google announces passkeys on Workspace accounts in open beta, letting staff at 9M+ organizations sign in without a password, rolling out in the coming weeks — Google has taken a significant step toward a passwordless future with the start of an open beta for passkeys on Workspace accounts.| Cristiano Lima / Washington Post: |
Instagram restores Robert F. Kennedy Jr.'s account, banned in 2021 for “sharing debunked claims” about COVID-19 and vaccines, after his presidential bid launch — The prominent anti-vaccine campaigner was suspended in 2021 for spreading misleading health claims.
More:
Gizmodo, Cryptopolitan, The Hill, WHDH 7News, Insider, Cointelegraph, Bitcoinist.com, New York Post, The Hill, Reuters, The Daily Caller, RADAR, Breitbart, and Deadline
Bluesky:
@alkapdc.bsky.social, @kenwhite.bsky.social, @carnage4life.bsky.social, @jetjocko.bsky.social, and @shellen.bsky.social
Tweets:
@jack, @jack, @elonmusk, @robertkennedyjr, @nberlat, @jonahdispatch, @ebakerwhite, @azi, @robertkennedyjr, @schmutzie, @pt, and @viacristiano. Thanks:@viacristiano
| Madhumita Murgia / Financial Times: |
An interview with sci-fi writer Ted Chiang on AI's limits, how current machines are not conscious, his 2010 novella The Lifecycle of Software Objects, and more — The visionary author on the limits of AI, the uses of science fiction — and why there's a ‘market opportunity for volleyballs’
More:
The Verge and Daring Fireball
Tweets:
@joshspero, @sarahreesbrenna, @ananyo, @mulegirl, and @alexgroundwater
Sponsor Posts
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Zoho:
Balancing privacy and automation in the world of AI — No matter where you go and what you do today, the AI-influence is massive. While AI does make our lives easier, it has faced backlash—especially in content generation …
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IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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Spotlight On:
CrowdStrike's George Kurtz on the security arms race
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OpenAI's CPO on what's coming next: Hardware, GPT-5, Jony Ive, agents, more
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Bill Gurley - The Gift and The Curse of Staying Private
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Taskrabbit CEO Ania Smith isn't afraid of AI robots replacing human labor
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