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August 21, 2022, 2:01 AM
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| Kate Rooney / CNBC: |
Leaked financials: FTX had revenue of $1.02B in 2021, up from $89M in 2020; operating income grew from $14M to $272M; US accounted for less than 5% of revenue — - FTX saw explosive growth last year driven by its global trading business, according to audited financials seen by CNBC.
More:
The Block, Cointelegraph, and CryptoPotato
Tweets: @kr00ney, @larrylimoncello, @yellowlablife, @stockmktnewz, @realdannynelson, @kr00ney, and @wublockchain. Thanks:@mattrosoff
| Zeyi Yang / MIT Technology Review: |
An overview of electronic design automation software used for designing chips, as the US Commerce Department announces export controls on certain EDA tools — The US has moved to restrict export of EDA software. What is it, and how will the move affect China?| Patricia Hernandez / Kotaku: |
Zuckerberg responds to the mockery of the Horizon Worlds selfie, saying it was taken quickly to celebrate a launch and promises major updates to avatar graphics — Earlier this week was supposed to be a celebratory time for the folks at Meta, as its reality-devouring project Horizon Worlds was now available in more countries.
More:
The Verge, CNN, Slate, Mark Zuckerberg, Insider, Livemint, TheGamer, Polygon, Slashdot, Mashable, Social Media Today, TechCrunch, and Engadget
Tweets: @rmac18, @bgurley, @mollywood, @lifebettergreen, @datnofact, @howardlindzon, @nathievr, @anshublog, @nickdcarver, @amasad, @jetgreguar, @karaswisher, @thrilluwu, @leslievdb, @peterpham, @hankgreen, @elipariser, @adamnash, @hackingbutlegal, @limitlessjest, @hackingbutlegal, @caseynewton, @yoda, @benitopagotto, @om, @nateingraham, @alexeheath, @howlmedia, @kellymakena, @rmac18, @kateconger, @paultassi, @hmltn, @walldo, and @stevekovach
| Scott Chipolina / Financial Times: |
JPMorgan: Tether, Circle, and other stablecoin issuers now hold $80B of short-term US government debt, accounting for 2% of the Treasury bills market as of May — Ownership highlights how digital asset players are encroaching on traditional markets — Stablecoin issuers like Tether …
Tweets: @eden_holdings
| Michael McSweeney / The Block: |
FDIC issues cease-and-desist letters to FTX US and four other crypto firms over making “false representations” that their crypto products might be FDIC-insured — - The Federal Deposit Insurance Corporation (FDIC) said Friday that it sent cease-and-desist letters to five crypto companies … | Nikkei Asia: |
A look at the challenges ahead for China's e-CNY, as total transaction volume reached $12.3B in May and ~4.6M merchants across China now accept the digital yuan — Expansion will require new rules and huge investment in datacenters and other infrastructure.| Cristina Criddle / Financial Times: |
Match Group COO and CFO Gary Swidler says sign-ups on Tinder “have not returned back to pre-pandemic levels” and “new users remain a challenge” — World's dominant dating app seeks new ways to achieve growth as rivals such as Bumble and Thursday thrive
More:
Mashable
| Beth DeCarbo / Wall Street Journal: |
How Georgia State University and other schools are using apps and AI chatbots to help attract students, guide them through graduation, and launch their careers — More institutions are using apps and analytics to help attract students, guide them through graduation and launch their careers
Tweets: @demetria_g
| Kalley Huang / New York Times: |
Find My and other location-sharing apps have become a staple in some young people's friendships, ostensibly for safety while blurring lines of privacy — Introduced 10 years ago, the app has slowly become a popular way to keep track of friends. But it comes with considerable privacy concerns.
Tweets: @keatonfox and @kashhill
| Ryan Naraine / SecurityWeek: |
TXOne Networks, which builds and sells tech for securing industrial IoT environments, has raised a $70M Series B led by TGVest Capital — TXOne Networks, a joint venture between cybersecurity firm Trend Micro and industrial networking solutions provider Moxa, has banked $70 million in new venture capital funding.
More:
FinSMEs, TXOne Networks, and PitchBook
| New York Times: |
Twitter CFO Ned Segal told employees in an email that they might receive only half of their annual bonuses as the company grapples with economic uncertainty — The company blamed its financial performance for the potential bonus cut. — Twitter warned its employees on Friday … | Gary Gensler / Wall Street Journal: |
SEC chair says recent market events show why it is critical for companies offering crypto lending to comply with federal securities laws to protect investors — Securities laws that protect investors continue to apply even when new technologies come along. — WSJ Opinion: Hits and Misses of the Week
Tweets: @bitfinexed, @vincemcp, and @carlosdomingo
Sponsor Posts
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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
Techmeme Ride Home:
Omnibus Week Of 04/28
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
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Hard Fork:
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EP 141 Ben Lamm (Founder & CEO, Colossal Biosciences) On The Breakthroughs Making De-Extinction Actually Possible
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A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
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Lenny's Podcast:
The rise of Cursor: The $300M ARR AI tool that engineers can't stop using | Michael Truell (co-founder and CEO)
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Conversations with people I admire about things I'm genuinely interested in.
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