Wednesday, January 4, 2023

Bonk, a Shiba Inu-themed coin on Solana issued on December 25, has risen 2,220% in the past week and 150% in the past 24 hours, offsetting some of SOL's decline (Shaurya Malwa/CoinDesk)

Shaurya Malwa / CoinDesk:
Bonk, a Shiba Inu-themed coin on Solana issued on December 25, has risen 2,220% in the past week and 150% in the past 24 hours, offsetting some of SOL's decline  —  The memecoin is up over 150% in the past 24 hours and have recorded some of the highest trading volumes on Solana-based decentralized exchanges.



Memo: Salesforce plans to lay off around 10% of its staff and close some offices, expecting to incur $1.4B to $2.1B in charges for the restructuring (Nivedita Balu/Reuters)

Nivedita Balu / Reuters:
Memo: Salesforce plans to lay off around 10% of its staff and close some offices, expecting to incur $1.4B to $2.1B in charges for the restructuring  —  Salesforce Inc (CRM.N) said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan …



A look at Samsung's TV updates in 2023: Neo QLEDs converting SDR to HDR, futuristic MicroLED TVs, improvements to The Frame, and software and AI updates (Chris Welch/The Verge)

Chris Welch / The Verge:
A look at Samsung's TV updates in 2023: Neo QLEDs converting SDR to HDR, futuristic MicroLED TVs, improvements to The Frame, and software and AI updates  —  Last year, Samsung radically shook up the TV market with the introduction of its first OLED model in many years.



The US case against alleged Mango Markets manipulator Avraham Eisenberg highlights traders treating crypto as a game, forgetting the real-world consequences (Matt Levine/Bloomberg)

Matt Levine / Bloomberg:
The US case against alleged Mango Markets manipulator Avraham Eisenberg highlights traders treating crypto as a game, forgetting the real-world consequences  —  Mango  —  So here's a trade.  — You open two accounts on a commodity futures exchange, Account A and Account B.



Bitcoin miner Core Scientific plans to shut down mining rigs tied to Celsius Mining, its largest client with 37K+ machines, as both companies undergo bankruptcy (Eliza Gkritsi/CoinDesk)

Eliza Gkritsi / CoinDesk:
Bitcoin miner Core Scientific plans to shut down mining rigs tied to Celsius Mining, its largest client with 37K+ machines, as both companies undergo bankruptcy  —  The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is costing it $2 million in revenue per month.



A look at three pieces of Indian government legislation planned in 2023 to regulate US tech giants, mixing EU antitrust rules with China-style surveillance (Megha Mandavia/Wall Street Journal)

Megha Mandavia / Wall Street Journal:
A look at three pieces of Indian government legislation planned in 2023 to regulate US tech giants, mixing EU antitrust rules with China-style surveillance  —  American tech firms will face hard choices in India this year  —  The standoff between India and U.S. tech giants will intensify …



Twitter users in Australia and New Zealand report the service being down for over 12 hours, starting around 6:40am AEST on January 4 (Zachariah Kelly/Gizmodo Australia)

Zachariah Kelly / Gizmodo Australia:
Twitter users in Australia and New Zealand report the service being down for over 12 hours, starting around 6:40am AEST on January 4  —  It seems to be every day now that we're writing a story on Twitter, and today's no exception.  Twitter appears to be down or poorly functioning for some users in Australia and New Zealand.



Arm VP Dennis Laudick says the company more than doubled automotive revenue since 2020 thanks to more complex cars; Arm's 2022 total revenue rose 35% to £2.7B (Anna Gross/Financial Times)

Anna Gross / Financial Times:
Arm VP Dennis Laudick says the company more than doubled automotive revenue since 2020 thanks to more complex cars; Arm's 2022 total revenue rose 35% to £2.7B  —  SoftBank-owned company battles Intel and MIPS in auto sector as it prepares for blockbuster listing



Tuesday, January 3, 2023

Competition Commission of India 'copy-pasted extensively' the EU order on Android abuse: Google

Google has told a tribunal in India that the country's antitrust investigators copied parts of a European ruling against the US firm for abusing the market dominance of its Android operating system, arguing the decision be quashed, legal papers show. The Competition Commission of India (CCI) in October fined Alphabet Inc's Google $161 million for exploiting its dominant position in markets such as online search and the Android app store, and asked it to change restrictions imposed on smartphone makers related to pre-installing apps. https://ift.tt/laDyG3S

Memo: Shopify cancels all recurring meetings with over two people "in perpetuity" and encourages staff to decline invitations, leave big group chats, and more (Matthew Boyle/Bloomberg)

Matthew Boyle / Bloomberg:
Memo: Shopify cancels all recurring meetings with over two people “in perpetuity” and encourages staff to decline invitations, leave big group chats, and more  —  Shopify Inc. spent last year cutting costs.  Now, it's cutting meetings.  —  As employees return from holiday break …



Tesla to hold 'Investor Day' on March 1, discuss new vehicle platform

Elon Musk-run Tesla has announced that it is planning to hold 'Investor Day' on March 1, 2023, where it will discuss a new vehicle platform. https://ift.tt/WzFiSe8

Chinese media: Foxconn says its Zhengzhou plant is operating with ~200,000 workers, or ~90% capacity, back to around reported normal levels, after disruptions (Debby Wu/Bloomberg)

Debby Wu / Bloomberg:
Chinese media: Foxconn says its Zhengzhou plant is operating with ~200,000 workers, or ~90% capacity, back to around reported normal levels, after disruptions  —  Foxconn Technology Group has brought the world's largest iPhone plant to about 90% of anticipated peak capacity …



Monday, January 2, 2023

India's internet industry to reach $5 trillion valuation by 2030: Redseer report

Despite a few hiccups this year, the Indian internet industry is expected to grow and could reach a valuation of $5 trillion by 2030, a report showed on Monday. https://ift.tt/bRX8lhc

IAMAI terms Digital Personal Data Protection Bill as industry-friendly

The Internet and Mobile Association of India (IAMAI) has termed the Digital Personal Data Protection Bill (DPDP) as industry-friendly. According to IAMAI, the bill strikes the right balance between protecting the interests of the data principals while leaving enough room for tech start-ups to innovate and grow. https://ift.tt/rLObTao

In an open letter, Cameron Winklevoss says Digital Currency Group CEO Barry Silbert has engaged in "bad faith stall tactics" since halting Genesis withdrawals (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg:
In an open letter, Cameron Winklevoss says Digital Currency Group CEO Barry Silbert has engaged in “bad faith stall tactics” since halting Genesis withdrawals  —  Crypto entrepreneur Cameron Winklevoss is accusing fellow businessman Barry Silbert of “bad faith stall tactics” …



Sources: the US State Department ordered embassies to push back against foreign influence campaigns, as officials worry anti-US views are taking root worldwide (New York Times)

New York Times : Sources: the US State Department ordered embassies to push back against foreign influence campaigns, as officials worry ...