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February 22, 2025, 5:20 PM
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| David Yaffe-Bellany / New York Times: |
Even as Trump embraces crypto, attracting millions of new investors, the Bybit hack and memecoins show how crypto remains the wild West of the financial world — Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a potentially record-setting theft.
More: TechSpot, CoinGape, The Independent, Hindustan Times, and SlashGear
LinkedIn: Tom Robinson and Rebecca Patterson
| Bloomberg: |
Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens — - North Korean group Lazarus suspected by industry researchers — Prices of Ether, Bitcoin and other tokens decline after theft
More: BBC, DL News, CoinDesk, Decrypt, The Trail of Bits Blog, The Block, Cryptopolitan, Blockchain.News, TechCrunch, PC Gamer, Sky News, Security Boulevard, Bitcoin Insider, CoinGape, Wired, Coinpedia Fintech News, crypto.news, The Coin Republic, NullTX, Crypto Briefing, The Sun, Chainwire, 10x Market Updates, Yahoo Finance, PCMag, Türkiye Today, The Hacker News, CNBC, The Block, CryptoNinjas, ZyCrypto, BleepingComputer, Agence France-Presse, The Verge, Tech in Asia, PYMNTS.com, Associated Press, Wall Street Journal, TheStreet, Forbes, TheStreet, TradingView, Cointelegraph, Forbes, CryptoPotato, Bitcoin Insider, USA Insurance News …, Hackread, NewsBTC, Engadget, Fortune, Blockworks, Watcher Guru, CryptoPotato, The Crypto Times, The Record, Financial Times, The Block, Bloomberg, Finextra, The Coin Republic, Decrypt, Blockchain News, Reuters, The Crypto Times, ZeroHedge News, Cryptopolitan, NFTgators, Bitcoinist.com, CoinJournal, Web3 is Going Just Great, Benzinga, CryptoSlate, DL News, crypto.news, Coinpedia Fintech News, The Block, CoinGape, Crypto Briefing, and CoinDesk
Bluesky: @orobharris. X: @bybit_official, @benbybit, @benbybit, @benbybit, @benbybit, @cz_binance, @mudit__gupta, @cryptohayes, @hasufl, @ethena_labs, @jconorgrogan, @gauthamzzz, @0xcygaar, @0xngmi, @a1lon9, @0xcygaar, @gracybitget, @benbybit, @adamscochran, @tradermayne, @salsatekila, @trading_axe, @zachxbt, @martybent, @kaiz3ns, @darkcryptolord, @deltaxbt, @cz_binance, @0xracist, @heyibinance, @cryptodonalt, @nearcyan, @litecoin, @justinsuntron, @divine_economy, @panamaxbt, @functi0nzer0, @beausecurity, @arthur_0x, @jconorgrogan, @lorenzofb, @0xgaut, @pythianism, @theflowhorse, @0xgaut, @devchart, @defisurfer808, @byzgeneral, @cousincrypt0, @wolfms_, @langeriuseth, @ashcryptoreal, @jacobkinge, @bitbitcrypto, @bitmexresearch, @mdudas, @spreekaway, @zhusu, @cobie, @0xfinish, and @mdudas
LinkedIn: Anastasios Papadopoulos and Todd H Baker
Forums: r/news, r/technology, and Slashdot
| RT Watson / The Block: |
| Brian Krebs / Krebs on Security: |
An investigation details how Chinese cybercrime groups are turning phished payment card data into new Apple or Google wallets for online and in-store use — Carding — the underground business of stealing, selling and swiping stolen payment card data — has long been the dominion of Russia-based hackers.
More: KrebsOnSecurity on YouTube. Bluesky: @dylanreeve.com and @kyloson.com
Mastodon: @rogeragrimes@infosec.exchange and @briankrebs@infosec.exchange
| Davide Castelvecchi / Scientific American: |
Some physicists are skeptical about Microsoft's claims of achieving a quantum computing breakthrough with Majorana 1, citing the lack of detailed evidence — With its ‘topological’ quantum computers, Microsoft aims to reach useful scales faster than competing technologies
More: Shtetl-Optimized, Popular Mechanics, Wired, Wall Street Journal, The Conversation, The Indian Express, and ZDNET
Bluesky: @stagefright, @castelvecchi, @lizziegibney, and @annamerlan
| Kendra Barnett / Adweek: |
X is rolling out Grok-powered AI tools for advertisers to generate ready-to-use ad copy and imagery and provide campaign performance analysis — The company is betting on AI to help recover some of the millions it has shed in ad revenue over the last two years| Francisco Rodrigues / CoinDesk: |
DefiLlama: Bybit experienced a “bank run” of over $4B after the ~$1.5B hack, leading to a ~$5.5B total outflow; CEO says “about 50%” of funds were withdrawn — Major cryptocurrency exchange Bybit has seen total outflows of over $5.5 billion after it suffered … | Erin Griffith / New York Times: |
Many SV startups are using AI to boost productivity in research, coding, and more, reducing reliance on VC money for hiring, fueling “tiny team” success stories — Tech start-ups typically raised huge sums to hire armies of workers and grow fast.
Bluesky: @aaronosaur.us. Mastodon: @jchyip@mastodon.online. X: @gjain, @bittingthembits, @stevelohr, and @tmrohan
LinkedIn: James Fox, Grant Lee, Prasad Thammineni, Ryan Sapper, Kristin Fracchia, and Erin Griffith
| Bloomberg: |
The Hang Seng Tech Index, which tracks the top 30 Hong Kong-listed tech firms, rose 6.5% on February 21, hitting its highest level since early 2022 — - Alibaba, Bilibili, Lenovo surge in HK after reporting results — Xi's meeting with sector leaders is another catalyst: analyst| Eleanor Olcott / Financial Times: |
Alibaba's Hong Kong-listed shares jumped 14.6% on February 21 after CEO Eddie Wu said it would invest “aggressively” in AI; Alibaba's HK stock is up 70.36% YTD — Chinese tech group says it will spend more on artificial intelligence in next three years than over past decade
More: Tech in Asia, ZeroHedge News, eWeek, and Bloomberg
| Sigal Samuel / Vox: |
A look at the debate about whether AI models can truly reason, as some researchers describe the current pattern of reasoning as “jagged intelligence” — The AI world is moving so fast that it's easy to get lost amid the flurry of shiny new products.| Daniel Cancel / Bloomberg: |
Latin American e-commerce giant MercadoLibre's stock reached a record high on February 21 after it reported a record $639M net income on $6.1B in revenue in Q4 — - Latin America e-commerce, fintech giant blows away estimates — MercadoLibre extends lead as most valuable Latin American firm
More: MercadoLibre, Inc. and Yahoo Finance
| Lucinda Shen / Axios: |
Renaissance Capital: 12 of 40 fintech firms that went public in the US since 2020 have given positive investor returns; only Shift4 and AppLovin are profitable — All topics — Situational awareness: OpenAI co-founder Ilya Sutskever is raising over $1 billion for his startup Safe Superintelligence … Sponsor Posts
TELUS Digital:
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See how your customer experience priorities compare — TELUS Digital surveyed leaders about the tech they're investing in, the KPIs they're tracking and their plans for outsourcing. Get the results. No form fill required!
Intel:
Intel Delivers powerful CPUs for AI and Networking — With the onset of AI, businesses demand powerful and efficient CPUs. Explore new Intel Xeon 6 processors, for the broadest set of workloads with leadership performance and lower TCO.
Intel Delivers powerful CPUs for AI and Networking — With the onset of AI, businesses demand powerful and efficient CPUs. Explore new Intel Xeon 6 processors, for the broadest set of workloads with leadership performance and lower TCO.
Zoho:
Zoho Sign at Kenya's Digital Trust Forum 2025 organized by Evrotrust and Geda — Kenyan businesses and government services are adapting to digital alternatives to explore opportunities in the nation's newly launched ten-year Digital Master Plan.
Zoho Sign at Kenya's Digital Trust Forum 2025 organized by Evrotrust and Geda — Kenyan businesses and government services are adapting to digital alternatives to explore opportunities in the nation's newly launched ten-year Digital Master Plan.
IDrive:
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
Channels with Peter Kafka:
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Spotlight On:
Graphite's Merrill Lutsky on Revolutionizing Code Review for the AI Era
A podcast from Accel about how companies are built, from the people doing the building.
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Bluesky: @sambiddle.com, @caseynewton, @skynetandchill.com, @chicagomike, @wpmacmason, @hypervisible, and @davelee.me. Mastodon: @HoustonDog@mastodon.world
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LinkedIn: Samantha Simms, Jessica Shurson, Peter Slack, Matt Abrams, Abid Patel, Joe Jones, Brian Honan, Marc Lawn, and Nigel Smart
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