Saturday, September 17, 2022

Many crypto miners are shutting off rigs and plan to sell their GPUs, as GPU-based mining for most cryptocurrencies becomes unprofitable after Ethereum's Merge (Michael Kan/PCMag)

Michael Kan / PCMag:
Many crypto miners are shutting off rigs and plan to sell their GPUs, as GPU-based mining for most cryptocurrencies becomes unprofitable after Ethereum's Merge  —  Crypto-miners are shutting off their rigs and mulling selling their GPUs since few, if any, cryptocurrencies are currently profitable …



A Vietnamese couple says they wiped some of Intercontinental Hotels Group's data, accessed using the password Qwerty1234, after a failed ransomware attack (Joe Tidy/BBC)

Joe Tidy / BBC:
A Vietnamese couple says they wiped some of Intercontinental Hotels Group's data, accessed using the password Qwerty1234, after a failed ransomware attack  —  Hackers have told the BBC they carried out a destructive cyber-attack against Holiday Inn owner Intercontinental Hotels Group (IHG) “for fun”.



A profile of Figma founder Dylan Field, who will become the wealthiest person from the Thiel Fellowship by far, as PitchBook estimates his stake is worth $2B+ (Bloomberg)

Bloomberg:
A profile of Figma founder Dylan Field, who will become the wealthiest person from the Thiel Fellowship by far, as PitchBook estimates his stake is worth $2B+  —  Dylan Field dropped out of an Ivy League school in 2012 to take a grant from the billionaire Peter Thiel and start a software company called Figma.



How neural network chess engines redefined the game's creativity, leading some top players to use deception, misdirection, and other psychological techniques (Matteo Wong/The Atlantic)

Matteo Wong / The Atlantic:
How neural network chess engines redefined the game's creativity, leading some top players to use deception, misdirection, and other psychological techniques  —  It was as if a bottom seed had knocked out the top team in March Madness: At the Sinquefield Cup chess tournament in St. Louis earlier this month …



Shopify changes its compensation practices to let staff choose a mix of cash, restricted stock units, and stock options; Shopify stock is down 75% in 2022 (Stefanie Marotta/Bloomberg)

Stefanie Marotta / Bloomberg:
Shopify changes its compensation practices to let staff choose a mix of cash, restricted stock units, and stock options; Shopify stock is down 75% in 2022  —  Shopify Inc. is changing its compensation practices to let staff decide how much of their pay will be cash versus equity …



Unsealed court docs in a privacy user profiling suit against Meta show that apps from Zynga, Yahoo, and others had extensive access to users' friends' data (Natasha Lomas/TechCrunch)

Natasha Lomas / TechCrunch:
Unsealed court docs in a privacy user profiling suit against Meta show that apps from Zynga, Yahoo, and others had extensive access to users' friends' data  —  It's not the crime, it's the cover up... The scandal-hit company formerly known as Facebook has fought for over four years to keep …



Sources: BeReal is exploring adding paid features to avoid advertising; the app now has 15M DAUs, up from 10K in March 2021, and is now valued at ~$600M (Financial Times)

Financial Times:
Sources: BeReal is exploring adding paid features to avoid advertising; the app now has 15M DAUs, up from 10K in March 2021, and is now valued at ~$600M  —  Photo-sharing app BeReal is exploring the addition of in-app payments for extra features to avoid Instagram-style advertising …



Friday, September 16, 2022

US DOJ forms the Digital Asset Coordinators Network with 150+ federal prosecutors across the country to target illegal activities involving digital currencies (Dustin Volz/Wall Street Journal)

Dustin Volz / Wall Street Journal:
US DOJ forms the Digital Asset Coordinators Network with 150+ federal prosecutors across the country to target illegal activities involving digital currencies  —  New effort is part of trend toward putting more resources to target illegal activities involving digital currencies



US SEC's crypto guidelines push up costs for lenders, disrupting projects

Banks' cryptocurrency projects have been upended by US Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a dozen people with knowledge of the matter. https://ift.tt/cQZtwyq

Celsius files for permission to sell its stablecoin holdings

Bankrupt crypto lender Celsius Network , filed a request for sale of its stablecoin holdings, in a bid to generate liquidity to fund its operations. https://ift.tt/n8IPRml

Lina Khan-led FTC to stop gig platforms from harming delivery boys

The Lina Khan-led Federal Trade Commission (FTC) in the US has announced a new policy to tame gig economy companies and platforms in order to protect all kinds of delivery partners/online cab drivers from unfair contracts, pay and hours. https://ift.tt/u9OLo3p

Tencent fires entire editorial staff at gaming publication Fanbyte

Chinese conglomerate Tencent has laid off all of the editorial staff at Fanbyte, an online gaming publication owned by it. https://ift.tt/DiayqYh

Apple iPhone 14 comes to Blinkit, promises delivery in minutes in these cities

Apple reseller Unicorn Info solutions has partnered with Zomato-owned quick-commerce platform Blinkit to deliver Apple iPhone 14 series in India. The company is promising to deliver the latest-gneration iPhones in minutes. https://ift.tt/bC9aIuc

Former TikTok and ByteDance staff say TikTok CEO Shou Zi Chew's power is limited, with ByteDance's founder and other executives making most decisions (New York Times)

New York Times:
Former TikTok and ByteDance staff say TikTok CEO Shou Zi Chew's power is limited, with ByteDance's founder and other executives making most decisions  —  Shou Zi Chew, TikTok's chief executive, is balancing how to be an autonomous leader while juggling the demands of the app's Chinese parent company.



MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's, as the mobile chip designer bets on AI demand for growth (Cheng Ting-Fang/Nikkei Asia)

Cheng Ting-Fang / Nikkei Asia : MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's...