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June 17, 2023, 7:20 PM
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memeorandum
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| Boone Ashworth / Wired: |
Reddit's management risks putting the service in a death spiral as users revolt, dedicated moderators quit, and its vibrant content moves to other platforms — When the user revolt ends—if it ever does—Reddit's community won't ever be the same. — It's pretty easy to piss people off on Reddit.| Igor Bonifacic / Engadget: |
Similarweb: Reddit had ~52M visitors on Tuesday, June 13, down from 57M the day before blackouts began; average session was 7.2 minutes, lowest in three years — The protest appears to have had a small but noticeable effect on the platform. — When more than 8,000 subreddits went dark … | Andrew Throuvalas / Decrypt: |
Block announces an open beta program for Bitkey, its self-custodial Bitcoin wallet, with Coinbase and CashApp integrations — Bitkey will allow beta users to withdraw Bitcoin from Coinbase and Cashapp using “copy and paste.” — Jack Dorsey's payments company Block announced an open beta program …
More: Coinbase Blog, CoinDesk, The Daily Hodl, The Block, and ZyCrypto
Tweets: @coinbase, @jack, @ltgrossman, @ltgrossman, @alejandro_btc, and @ltgrossman
| Nikhilesh De / CoinDesk: |
Binance, Binance.US, and the SEC agree to ensure only Binance.US staff can access customer funds; the proposed agreement needs sign-off from a federal judge — The proposed agreement addresses the SEC's motion for a temporary restraining order. — A federal judge signed off …
More: U.S. Securities …, CourtListener, New York Times, Cointelegraph, CryptoSlate, Bitcoin News, Bloomberg, CoinGape, DL News, The Block, Coinpedia Fintech News, and Reuters. Forums: r/CryptoCurrency
| Camomile Shumba / CoinDesk: |
Report: a group of central banks developed 33 API functionalities to test 30+ CBDC online, offline, and in-store use cases, via QR codes, phones, and more — An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.
More: Quant, crypto.news, Cryptopolitan, CoinGape, Coinspeaker, blockchainreporter, Watcher Guru, and Finextra. Forums: r/CryptoCurrency
| Tonya Riley / CyberScoop: |
Genetic testing company 1health.io settles by paying $75K to the FTC for exposing sensitive health data, in the first FTC enforcement over genetic information — The case is the latest in a series of FTC enforcement actions focused on health data privacy and the first involving genetic information.
More: Federal Trade Commission, The Record, LAW.com, Washington Post, GovInfoSecurity.com, and Forbes
Tweets: @cyberscoopnews, @montezumachavez, and @montezumachavez
| Wall Street Journal: |
Meta scrambles to refocus its resources on usable AI products after a decade-long focus on research in its AI division disincentivized work on generative AI — The CEO considers artificial intelligence critical to long-term growth and is taking more control over efforts.| Wall Street Journal: |
Sources: the US has found it difficult to distinguish between tech that China can use for its military and tech used commercially by firms, particularly with AI — Defining risky artificial intelligence poses challenge as Washington moves to curb investment in Chinese tech
Tweets: @jchengwsj, @davidmwessel, and @bobdavis187
| Wes Davis / The Verge: |
Google makes third-party “smart chips” in Docs available to all Workspace and personal Google accounts, letting users pull and view data from third-party apps — You can now embed third-party app “smart chips” into your Google Doc after the company announced yesterday that the feature …
More: Google Workspace Updates
| Sheila Dang / Reuters: |
Source: Twitter CEO Linda Yaccarino tells investors no major ad holding firms are recommending an ad pause now and highlights a focus on video and partnerships — Twitter plans to focus on video, creator and commerce partnerships to revitalize the social media company's business beyond digital advertising …
More: Reuters, Bloomberg, Cryptopolitan, The Week, Livemint, Fortune, Bloomberg, Digiday, MakeUseOf, Wall Street Journal, Adweek, and TechCrunch
| June Yoon / Financial Times: |
Chipmakers like TSMC and Samsung race to curb emissions as chip manufacturing makes up most of a device's carbon output, a tough job in fossil fuel-reliant Asia — Meanwhile sister companies with green energy knowhow look set to cash in — A greener future is not necessarily a lower-tech future.| Brad Stone / Bloomberg: |
How a seminal 2017 paper by Google researchers laid the groundwork for the AI hype cycle, resulting in a Silicon Valley frenzy not seen since the dot-com boom — In late May, 300 entrepreneurs, venture capitalists, journalists and assorted self-described thought leaders crammed into Shack15 …
LinkedIn: Peter Leyden. Tweets: @business, @iporollo, @bw, @dinabass, @rachelmetz, @scale_ai, @kantrowitz, and @bradstone
Sponsor Posts
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Zoho:
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
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| Leah Nylen / Bloomberg: |
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More: Meta, Meta AI, Unite.AI, PCMag, Techlusive, Decrypt, WinBuzzer, The Verge, Meta Research, BigTechWire, Social Media Today, Digital Trends, Cryptopolitan, Cointelegraph, iPhone in Canada Blog, Gizmodo, SlashGear, CryptoSlate, Dexerto, SiliconANGLE, Android Authority, and Neowin
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Mastodon: @mostlyharmlessz …. Tweets: @jasonleopold, @patio11, @mikejcasey, @tether_to, @baidakova, @sarahnemerson, @yueqi_yang, @macrocephalopod, @yueqi_yang, @yueqi_yang, @silvermanjacob, @parrotcapital, @icodrops, @napgener, @_fabianhd, @edzitron, and @timccopeland. Forums: r/CryptoCurrency