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May 5, 2023, 7:25 PM
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| Chris Strohm / Bloomberg: |
Sources: the US DOJ is investigating if Binance was used to let Russians skirt US sanctions, alongside a probe into its alleged use to evade sanctions on Iran — The Justice Department is investigating whether Binance Holdings Ltd. was used illegally to let Russians skirt US sanctions …
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The Information, The Block, Reuters, Bitcoinist.com, Cryptonews, and CryptoSlate
| Matt Binder / Mashable: |
Out of the ~150K early Twitter Blue subscribers in November 2022, just ~68,157 were still subscribed on April 30, meaning Blue has an abnormally high churn rate — The early birds cancel their subscriptions. — Twitter Blue's struggles since its launch nearly six months ago are more severe … | Mengqi Sun / Wall Street Journal: |
New York's AG proposes the Crypto Regulation, Protection, Transparency and Oversight Act, or CRPTO, seeking broader enforcement authority over crypto companies — Proposed legislation would require crypto exchanges to have independent public audits of financial statements, among other new requirements
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NY State Attorney General, Bloomberg, SiliconANGLE, PYMNTS.com, CoinDesk, Cryptonews, CoinGape, Blockworks, Cointelegraph, The Block, Ethereum World News, Engadget, crypto.news, Bitcoinist.com, CryptoSlate, and TradingBTC.com
Tweets:
@newyorkstateag, @jimmyvielkind, @newyorkstateag, @ethjuiced, and @johnreedstark
| Chance Miller / 9to5Mac: |
Brydge, an iPad, Mac, and Surface accessory maker, is shutting down; sources: Brydge has neither paid its staff salaries nor fulfilled orders since January 2023 — Brydge, a once thriving startup making popular keyboard accessories for iPad, Mac, and Microsoft Surface products, is ceasing operations.
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Ars Technica, MacStories, AppleInsider, Daring Fireball, The Verge, Six Colors, and Mastodon
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| Aisha Malik / TechCrunch: |
Amazon expands Inspire, its TikTok-like video and photo feed in the Shopping app that lets users buy from influencer and brand content, to all US customers — Amazon's in-app TikTok-like shopping feed is now available to all customers in the United States, according to the company's website.
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dot.LA, iPhone in Canada Blog, Tubefilter, and Insider Intelligence
| Theo Wayt / The Information: |
Amazon is working on AI tools to generate photos and videos for merchants' ad campaigns on its platform, as the company seeks to build a broader ad business — Amazon is building a team to work on artificial intelligence tools that will generate photos and videos for merchants to use …
Tweets:
@theo_wayt
| Dave Michaels / Wall Street Journal: |
Coinbase plans to try a novel defense against a potential US SEC enforcement action by arguing the regulator bears some responsibility for approving its IPO — Crypto exchange says regulators' lawsuit threat is undermined by clearance of IPO — With the Securities and Exchange Commission preparing …
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CryptoPotato, Coinspeaker, Bitcoinist.com, Cryptonews, CoinDesk, crypto.news, Inside Bitcoins, Blockworks, Ethereum World News, and Bloomberg. Tweets:
@brianmcc
| Harmeet Singh Walia / Counterpoint Research: |
Smartphone shipments declined 14% YoY and 7% QoQ globally to 280.2M units in Q1 2023; Samsung declined 19%, Apple 2%, Xiaomi 22%, Oppo 10%, and Vivo 18% — - The global smartphone market declined by 14% YoY and 7% QoQ to record 280.2 million unit shipments in Q1 2023.
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TechCrunch, IDC, Light Reading, Cult of Mac, Neowin, Wccftech, SamMobile, and Android Authority. Tweets:
@neiltwitz
| Chris Welch / The Verge: |
A review of the $250 JBL Tour Pro 2 wireless earbuds, whose case has a touchscreen for accessing earbud settings, along with extras like timers and a flashlight — The touchscreen offers quick access to earbud settings along with extras like timers and even a flashlight.
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SlashGear, Digital Trends, Engadget, USA Today, CNET, and NBC News
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@ericrennerbrown, @chriswelch, and @lukew
| Wall Street Journal: |
Sources: Ant's restructuring has been held up for over a year by China reshuffling its regulatory system; the final step is a financial-holding-company license — Powerful new regulator will have to approve the fintech giant's application to become a financial-holding company| Alex Konrad / Forbes: |
A look at the ByteDance investors who have billions in paper profits blocked by the US regulatory standoff over TikTok; source: Sequoia China holds a 10%+ stake — The world's most valuable startup does more than any other investment to put VCs on the Forbes Midas List, including its No. 1.
More:
Pandaily. Tweets:
@pstasiatech, @alexrkonrad, @jacobhelberg, @chrisfralic, @alexrkonrad, @alexrkonrad, and @alexrkonrad. Thanks:@alexrkonrad
| Catherine Shu / TechCrunch: |
Jakarta-based Praktis, which sells end-to-end supply chain software to direct-to-consumer brands and suppliers, raised a $20M Series A led by East Ventures — Small to medium-sized enterprises contribute 60% of Indonesia's gross domestic product. But companies in the D2C space still struggle to compete against bigger brands.
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Tech in Asia
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