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June 5, 2023, 12:00 PM
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WeSmirchTop News
| 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:
Bloomberg, Wall Street Journal, The Verge, CoinDesk, U.S. Securities …, The Block, Reuters, CNBC, Watcher Guru, Coinpedia Fintech News, Bitcoinist.com, CoinJournal, UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA, and Slashdot
Bluesky:
@dmnd.me. Tweets:
@tier10k, @cz_binance, @keithdsouza, @johnreedstark, @matthewstoller, @mikealfred, @matthewstoller, @dlauer, @susanlitv, @hsakatrades, @flitteronfraud, @wublockchain, and @silvermanjacob
| 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, Reuters, Cryptonews, Bitcoinist.com, Cryptopolitan, Watcher Guru, crypto.news, CryptoSlate, CoinGape, and Bitcoin News
Tweets:
@binance, @wublockchain, @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:
BBC, PYMNTS.com, 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
Mastodon:
@alex@cybervillains.com and @alex@cybervillains.com
| 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, Protos, Inside Bitcoins, CryptoPotato, CryptoGlobe, CoinDesk, Coinpedia Fintech News, Coinmonks, crypto.news, Cryptopolitan, Bitcoinist.com, Micky, International Business Times, Infosecurity, CryptoSlate, Web3 is Going Just Great, Watcher Guru, and The Daily Hodl
Tweets:
@atomicwallet, @zachxbt, @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:
Engadget, TechCrunch, The Week, The Verge, The Information, Bloomberg, Axios, CNBC, Variety, Neowin, Mashable, Tech Startups, Fortune, Wall Street Journal, The Hollywood Reporter, Deadline, and NBC Bay Area
Tweets:
@said_mitch, @michellemanafy, @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:
Android Authority, Engadget, PCWorld, TechCrunch, reddit, VICE, and Appuals.com
| 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, Insider, WHDH 7News, New York Post, Cointelegraph, Bitcoinist.com, 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, @pt, @ebakerwhite, @azi, @robertkennedyjr, @schmutzie, and @viacristiano. Thanks:@viacristiano
| 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.
More:
Google Help Center, ZDNet, SiliconANGLE, TechCrunch, 9to5Google, TechRadar, and Help Net Security
| 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
| Ilena Peng / Bloomberg: |
Carbon Health launches a GPT-4 tool to create medical records, using Amazon Transcribe Medical for transcription, and says nearly 90% are accepted without edits — A new tool uses GPT artificial intelligence to create medical records, allowing doctors to focus on their patients instead of their notes.Sponsor Posts
Google:
Generate videos with Veo 3 in Google Gemini — Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator. Try it with a Google AI Pro plan or get the highest access with the Ultra plan.
Generate videos with Veo 3 in Google Gemini — Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator. Try it with a Google AI Pro plan or get the highest access with the Ultra plan.
UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
Zoho:
AI meeting assistants: A game-changer in communication — We've come a long way from live video call demonstrations at world's fairs. What was once considered a futuristic idea is now a vital part of how we collaborate …
AI meeting assistants: A game-changer in communication — We've come a long way from live video call demonstrations at world's fairs. What was once considered a futuristic idea is now a vital part of how we collaborate …
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.
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.Featured Podcasts
Grit:
Bret Taylor's Journey Leading Salesforce, Sierra & OpenAI
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Acquired:
The Steve Ballmer Interview
Learn the playbooks that built the world's greatest companies - and how you can apply them as a founder, operator, or investor.
Subscribe to Acquired.
Lenny's Podcast:
Why Uber's CPO delivers food on weekends | Sachin Kansal
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Techmeme Ride Home:
Big Meta/Anduril Deal Is A Big Deal
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
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The Social Radars:
Ron Conway, Founder, SV Angel Part 4 (Bonus)
Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.
Subscribe to The Social Radars.
Hard Fork:
The A.I. Jobpocalypse + Building at Anthropic with Mike Krieger + Hard Fork Crimes Division
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
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