Suvashree Ghosh / Bloomberg:
The SEC says Do Kwon and Terraform Labs have withdrawn $100M+ in fiat currency from a Swiss bank since June 2022, after moving 10K+ Bitcoin out of a cold wallet — Crypto fugitive Do Kwon and the firm he founded transferred over 10,000 Bitcoin out of their doomed project and turned …
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Friday, February 17, 2023
The SEC says Do Kwon and Terraform Labs have withdrawn $100M+ in fiat currency from a Swiss bank since June 2022, after moving 10K+ Bitcoin out of a cold wallet (Suvashree Ghosh/Bloomberg)
Bulgaria and London-based Dronamics, which says it has a license to operate autonomous, long-range, cargo drones in Europe, raised a $40M pre-Series A (Mike Butcher/TechCrunch)
Mike Butcher / TechCrunch:
Bulgaria and London-based Dronamics, which says it has a license to operate autonomous, long-range, cargo drones in Europe, raised a $40M pre-Series A — Autonomous aircraft have long been thought of as having the most potential, though not in the realm of glitzy people-carrying drones so much as the more sedate world of cargo.
Lenovo posts its worst revenue fall in 14 years with Q3 revenue of $15.3B, down 24% YoY, and net income of $437M, down 32% YoY, and warns of job cuts (Josh Ye/Reuters)
Josh Ye / Reuters:
Lenovo posts its worst revenue fall in 14 years with Q3 revenue of $15.3B, down 24% YoY, and net income of $437M, down 32% YoY, and warns of job cuts — China's Lenovo Group Ltd (0992.HK) reported a 24% revenue decline for the third quarter, its largest revenue fall in 14 years as global demand …
Thursday, February 16, 2023
Adobe will need EU okay to acquire Figma, regulators say
A year on from Meta hyping the metaverse in a dystopian Super Bowl ad, enthusiasm for a virtual future has evaporated and Meta is now more focused on efficiency (Jemima Kelly/Financial Times)
Jemima Kelly / Financial Times:
A year on from Meta hyping the metaverse in a dystopian Super Bowl ad, enthusiasm for a virtual future has evaporated and Meta is now more focused on efficiency — Enthusiasm for a virtual future is draining away — and so is investment — Remember when we were all going to ditch our humdrum lives …
Jaime Rogozinski, who created r/WallStreetBets, sues Reddit, arguing the company breached its contract by removing him as a moderator in 2020 (Akane Otani/Wall Street Journal)
Akane Otani / Wall Street Journal:
Jaime Rogozinski, who created r/WallStreetBets, sues Reddit, arguing the company breached its contract by removing him as a moderator in 2020 — Jaime Rogozinski says site ousted him without claim; Reddit calls suit frivolous — WallStreetBets' founder is suing the site where it all began.
Sources: a China-based former ASML employee stole data from Teamcenter, a Siemens-made internal tool used to store technical info, in the past couple of months (Bloomberg)
Bloomberg:
Sources: a China-based former ASML employee stole data from Teamcenter, a Siemens-made internal tool used to store technical info, in the past couple of months — A China-based former employee of ASML Holding NV — a critical cog in the global semiconductor industry …
Microsoft reflects on the new Bing: 71% gave AI answers a thumbs up, Bing can become repetitive after 15+ questions, a few sessions over two hours, and more (Bing Blogs)
Bing Blogs:
Microsoft reflects on the new Bing: 71% gave AI answers a thumbs up, Bing can become repetitive after 15+ questions, a few sessions over two hours, and more — A little over a week ago, we shared an all new, AI-powered Bing search engine, Edge web browser, and integrated Chat, that we think of as Your Copilot for the Web.
A brief history of Rust, a programming language that emerged from a side project and has been instrumental in driving the shift toward memory safe programming (Clive Thompson/MIT Technology Review)
Clive Thompson / MIT Technology Review:
A brief history of Rust, a programming language that emerged from a side project and has been instrumental in driving the shift toward memory safe programming — For decades, coders wrote critical systems in C and C++. Now they turn to Rust. — Many software projects emerge because …
Wednesday, February 15, 2023
ED raids mobile app offices dealing in cryptocurrencies
Digital lending to pip traditional lending in unsecured loans segment by 2030: Report
Bankrupt crypto lender Celsius proposes a sale to investment firm NovaWulf, founded in 2021 by Wall Street dealmakers; smaller creditors may regain 70% of funds (Benjamin Robertson/The Block)
Benjamin Robertson / The Block:
Bankrupt crypto lender Celsius proposes a sale to investment firm NovaWulf, founded in 2021 by Wall Street dealmakers; smaller creditors may regain 70% of funds — - Proposed sale would see smaller creditors get around 70% of their money back — Larger creditors would become shareholders …
How to play YouTube videos with your smartphone screen turned off
An in-depth look at how OpenAI's ChatGPT decodes input queries to produce a "reasonable continuation" of the text, the underlying dataset, neural nets, and more (Stephen Wolfram Writings)
Stephen Wolfram Writings:
An in-depth look at how OpenAI's ChatGPT decodes input queries to produce a “reasonable continuation” of the text, the underlying dataset, neural nets, and more — It's Just Adding One Word at a Time — That ChatGPT can automatically generate something that reads even superficially …
Uniswap token holders vote to deploy to Binance's BNB blockchain using the Wormhole bridge, with 66% in favor, a move a16z voted to oppose with its 15M UNI (Sam Kessler/CoinDesk)
Sam Kessler / CoinDesk:
Uniswap token holders vote to deploy to Binance's BNB blockchain using the Wormhole bridge, with 66% in favor, a move a16z voted to oppose with its 15M UNI — Uniswap's community wants to bring the exchange to BNB Chain before copycats can launch identical competitors.
Preliminary findings: the EU Commission says TikTok's accounts for minors violate the DSA, citing features that could expose children to bullying and predators (Foo Yun Chee/Reuters)
Foo Yun Chee / Reuters : Preliminary findings: the EU Commission says TikTok's accounts for minors violate the DSA, citing features t...
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Sohee Kim / Bloomberg : South Korean authorities are investigating a data leak at e-commerce giant Coupang that exposed ~33.7M accounts; ...
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Top fintech companies are rushing to tap into this new consumer trend, with several of them offering digital solutions to small merchants. h...