Techmeme
March 8, 2025, 11:45 AM

Top News

Jody Godoy / Reuters:
Filings: the US DOJ drops a bid to force Google to sell its AI investments to boost search competition but still seeks a court order requiring it to sell Chrome  —  The U.S. Department of Justice on Friday dropped a proposal to force Alphabet's Google (GOOGL.O) to sell its investments …
David Yaffe-Bellany / New York Times:
Source: Bybit hackers planted malicious code to manipulate transactions by compromising a developer's computer at crypto wallet provider Safe, used by Bybit  —  On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction.
More: CNNBluesky: @frichetten.com and @evil-genius
John Gruber / Daring Fireball:
Mark Gurman / Bloomberg:
David Yaffe-Bellany / New York Times:
The White House hosted its first Crypto Summit, bringing together top crypto executives, including Coinbase CEO Brian Armstrong and Tyler and Cameron Winklevoss  —  The first-of-its-kind event at the White House with top crypto executives showcased the president's embrace of the once-renegade industry.
Pete Schroeder / Reuters:
The US OCC says banks can engage in some crypto activities, rescinding prior guidance that told them they should clear such activities with regulators first  —  The U.S. regulator overseeing national banks clarified Friday that banks can engage in some crypto activities …
Reuters:
Sources detail the nearly 10-hour-long tech meltdown of the European Central Bank's main payment system on February 27 due to a piece of malfunctioning hardware  —  The European Central Bank's payments crash last week meant salaries and welfare funds were delayed for thousands of people.
CNN:
China plans a “state venture capital guidance fund”, expected to attract ~$138B over 20 years from local governments and private sector, to support AI and more  —  Hong Kong CNN —  Fresh off the global success of DeepSeek's latest artificial intelligence reasoning model …
Todd Spangler / Variety:
A look at YouTube's origins, growth, and domination as the platform turns 20, including an interview with CEO Neal Mohan, who is nearing 10 years at the company  —  It's a muggy morning the day before the 2025 Super Bowl in New Orleans, and YouTube CEO Neal Mohan is stuck in parade traffic and not happy about it.
Thomas Brewster / Forbes:
Unsealed court docs: US investigators believe hackers behind the 2022 LastPass breach stole $150M in XRP, now worth ~$700M, from one person in January 2024  —  The stolen XRP is now worth $716 million.  The Secret Service is trying to claw it back from unknown hackers.
Bloomberg:
Sources: crypto exchange and custodian Gemini has filed confidentially for an IPO; the company is reportedly considering going public as soon as this year  —  Gemini, the cryptocurrency firm backed by the billionaire Winklevoss twins, has filed confidentially for an initial public offering, according to people familiar with the matter.
Sarah Perez / TechCrunch:
Signal's Meredith Whittaker says AI agents doing tasks on users' behalf pose security and privacy risks and refers to their use as “putting your brain in a jar”  —  Signal President Meredith Whittaker warned Friday that agentic AI could come with a risk to user privacy.

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Earlier Picks

Kate Clark / Bloomberg:
Peggy Hollinger / Financial Times:
Shirin Ghaffary / Bloomberg:
Aaron Holmes / The Information:
Jesse Coghlan / Cointelegraph:
More: The White House, The White House, PYMNTS.com, CNBC, Bloomberg, Bloomberg, World News, The Indian Express, Bitcoinist.com, Disruption Banking, CoinGape, Cryptopolitan, CNN, Politico, The Crypto Times, NewsBTC, Foreign Policy, The Atlantic, Reuters, Decrypt, Business Insider, CNET, Tech in Asia, archive.ph, Digital CxO, One America News Network, Wired, Yahoo Finance, Axios, Bitcoin Insider, Townhall, The Information, The Daily Wire, Protos, Washington Post, MarketWatch, Los Angeles Times, Financial Times, and CNBC