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August 16, 2023, 6:00 PM
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| Timmy Shen / The Block: |
Coinbase says the exchange received regulatory approval from the CFTC-backed National Futures Association to offer futures trading services to eligible US users — - Coinbase is now allowed to operate as a futures commission merchant and offer eligible U.S. customers access to crypto futures from its platforms, the company said.
More: Coinbase, PYMNTS.com, Decrypt, SiliconANGLE, Reuters, The Information, Business Today, Bloomberg, CryptoSlate, ZyCrypto, Metaverse Post, Cryptopolitan, Cryptonews, CoinDesk, The Crypto Basic, Tech Startups, crypto.news, 24/7 Wall St., Coinspeaker, Bitcoinist.com, Coinpedia Fintech News, Watcher Guru, CCN.com, CoinGape, CryptoPotato, Blockworks, Ethereum World News, DL News, Fortune, CoinJournal, Crowdfund Insider, Wall Street Journal, Crypto Briefing, Finextra, Cointelegraph, and Forkast
X: @coinbase, @brian_armstrong, @coinbase, @perkinscr97, @runnerxbt, @theflowhorse, @iampaulgrewal, @faryarshirzad, @northrocklp, @tphillips, @arthurb, @defisurfer808, and @metalawman. LinkedIn: Paul Grewal
Forums: r/ethtrader and r/CryptoCurrency
| Sankalp Phartiyal / Bloomberg: |
Sources: Foxconn's plant in Tamil Nadu, India plans to deliver iPhone 15 units weeks after Chinese factories; output previously lagged by six to nine months — - Apple is diversifying iPhone supply chain away from China — India's push to become a manufacturing hub is bearing fruit
More: AppleInsider, DigiTimes, Appleosophy, CNBC, Livemint, iMore, Apple Must, MacRumors, Pricebaba.com Daily, MacDailyNews, iPhone in Canada Blog, Cult of Mac, NBC 7 San Diego, 9to5Mac, BGR, Patently Apple, Digit, Inc42 Media, Supercharged, WRAL TechWire, iClarified, Tech in Asia, Business Today, and GSMArena.com
| Financial Times: |
More: DigiTimes, Livemint, and Apple Must
| Nico Grant / New York Times: |
Docs: Google DeepMind has been developing generative AI to perform 21+ different types of personal and professional tasks, including to give users life advice — The tech giant is evaluating tools that would use artificial intelligence to perform tasks that some of its researchers have said should be avoided.
More: SiliconANGLE, TechRadar, Fast Company, CNBC, SlashGear, Engadget, Tech Startups, Mashable, Neowin, and The Verge
| Makena Kelly / The Verge: |
NYC bans TikTok on city-owned devices and asks agencies to remove the app within 30 days; a NYC Cyber Command review found that TikTok “posed a security threat” — New York City is banning TikTok from city-owned devices and requiring agencies to remove the app within the next 30 days.
More: TechCrunch, New York Times, Gizmodo, Reuters, Engadget, MacRumors, 9to5Mac, Neowin, MacDailyNews, Mashable, Variety, and TweakTown
Forums: Hacker News, Slashdot, and MacRumors Forums
| Bloomberg: |
Intel ends its $5.4B bid to acquire Israeli company Tower Semiconductor, announced in February 2022, after failing to win Chinese regulatory approval in time — - Deal for Tower Semiconductor needed Chinese antitrust approval — Intel Corp. walked away from its attempt …
More: Intel, Ars Technica, iTnews, Wall Street Journal, SiliconANGLE, ITPro, The Verge, New York Times, Financial Times, Silicon Republic, South China Morning Post, CNBC, Associated Press, TechSpot, Tech Xplore, Livemint, Tom's Hardware, Globes Online, Computerworld, Coinspeaker, 9to5Mac, Silicon Valley Business …, ChinaTechNews.com, Neowin, Reuters, Barron's Online, and Phoronix
| Bloomberg: |
Docs: Amazon plans to impose a new 2% fee per sale on merchants who ship products themselves, on top of the ~15% commission they already pay, from October 2023 — - The new levy comes even with an FTC antitrust suit looming — Merchant fees generate revenue as online sales growth slows
More: PYMNTS.com, Gizmodo, The Verge, and CNBC
| Hannah Miller / Bloomberg: |
Crypto custody startup BitGo raised $100M at a $1.75B valuation from unnamed US and Asian investors; Galaxy Digital scrapped a $1.2B BitGo acquisition in 2022 — The crypto company raised $100 million from new investors, emphasizing its focus on following rules and regulations.
More: PRWeb, FinTech Global, SiliconANGLE, Cointelegraph, Crunchbase News, Coinpedia Fintech News, Bitcoin News, The Block, Crowdfund Insider, FinSMEs, NFTgators, CoinDesk, and Decrypt
X: @bitgo and @silvermanjacob
| Leah Nylen / Bloomberg: |
Filing: Leslie Kilgore and Andrea Wishom stepped down from Nextdoor's board on August 1 after the US DOJ raised concerns they were also on Pinterest's board — - DOJ is cracking down on directors serving on rival companies
More: US Department of Justice, The Information, Reuters, Associated Press, and The Hill. Bluesky: @hunterwalk.com
| Jay Peters / The Verge: |
Epic Games expands its Epic Online Services crossplay tools from PC to PlayStation, Xbox, and Switch, helping developers more easily add crossplay multiplayer — The change could mean that developers will be able to more easily bring crossplay multiplayer to their games.
More: Epic Online Services, VentureBeat, Game Developer, IGN, GameSpot, Dexerto, and Neowin
| Kif Leswing / CNBC: |
Apple backtracks and moves the iPhone's “end call” button back to the middle of the screen, from the bottom-right corner, in the latest iOS 17 beta — - Apple has moved the end call button back to the middle of the screen in the the newest developer version of iOS 17 released on Tuesday.| Caitlin Harrington / Wired: |
OSHA investigations and 11 interviews: Amazon's first aid clinics put warehouse staff at risk by keeping them working instead of referring them to medical care — A WIRED investigation and federal citations show how first aid clinics in Amazon warehouses sometimes direct injured employees … | Alexandra Alter / New York Times: |
The Authors Guild, the American Booksellers Association, and the Open Markets Institute urge the DOJ and the FTC to investigate Amazon's book market “monopoly” — The online retailer's size and sway affects the free exchange of ideas, the groups argue.
More: Ars Technica, Open Markets Institute, Axios, New York Post, and The Verge
| Chris Vallance / BBC: |
Sama CEO Wendy Gonzalez says the company no longer plans to take harmful content moderation work from Meta and she regrets the work, after some staff sued Sama — A firm which was contracted to moderate Facebook posts in East Africa has said with hindsight it should not have taken on the job.| Reed Albergotti / Semafor: |
Sources: Eric Schmidt is building an organization, modeled on OpenAI, to tackle scientific challenges using AI's help; most of the funding comes from his wealth — Former Google CEO Eric Schmidt is building an ambitious new organization to tackle scientific challenges with the help … | Andrew J. Hawkins / The Verge: |
As San Francisco opens to 24/7 robotaxis, a look at Cruise and Waymo cars causing traffic jams and obstructing emergency vehicles, unraveling the public's trust — The day after California regulators handed driverless car companies a major victory, allowing them to expand …
More: Gizmodo, Bloomberg, The Register, Light Reading, TechSpot, The Robot Report, and PCMag
| Financial Times: |
The UK plans to host an AI Safety Summit in November 2023 with countries, academics, and AI executives from DeepMind, Microsoft, OpenAI, Anthropic, and more — ‘Like-minded’ states to be asked to Bletchley Park along with tech executives and academics — The UK government will host … | Jon Swartz / MarketWatch: |
Cisco reports Q4 revenue up 16% YoY to $15.2B, vs. $15.05B est., net income up 41% YoY to $4B, and forecasts FY 2024 revenue of $57B to $58.2B, vs. $58.4B est. — Cisco Systems Inc. reported strong quarterly results, but a mixed full-year forecast for fiscal 2024 turned shares south in after-hours trading Wednesday.
More: Reuters, Bloomberg, Dow Jones Newswires, and Cisco
| Bloomberg: |
Sources: as part of the US DOJ's two-year Visa investigation, officials are looking at the company charging merchants more for not using its “tokenization” tool — - Merchants get charged more if they shun Visa's tokens — Long-running probe is now scrutinizing those price differences
More: PYMNTS.com, Finextra, Reuters, and San Francisco Business Journal
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