Month: April 2022

How crypto investors are pushing for semi-autonomous crypto zones in Central America, as they risk repeating the region’s long history of corporate colonialism (Laurie Clarke/MIT Technology Review)

Laurie Clarke / MIT Technology Review: How crypto investors are pushing for semi-autonomous crypto zones in Central America, as they risk repeating the region’s long history of corporate colonialism  —  A new class of crypto investors have bold plans to rebuild society from scratch.  But their pet projects risk repeating the region’s long history of

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Research: blockchain game companies raised $2.5B in Q1 2022, up 150% YoY; blockchain gaming accounted for 52% of all blockchain activity in March, up 2,000% YoY (Oliver Knight/CoinDesk)

Oliver Knight / CoinDesk: Research: blockchain game companies raised $2.5B in Q1 2022, up 150% YoY; blockchain gaming accounted for 52% of all blockchain activity in March, up 2,000% YoY  —  Usage and investments across the blockchain-gaming sector increased in the first quarter to make up 52% of all blockchain activity.

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In a speech on disinformation, Obama said social media firms’ design choices contribute to polarization, and called for more transparency and Section 230 reform (Lauren Feiner/CNBC)

Lauren Feiner / CNBC: In a speech on disinformation, Obama said social media firms’ design choices contribute to polarization, and called for more transparency and Section 230 reform  —  – Former President Barack Obama criticized social media companies for contributing to polarization through design choices on their platforms.

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Chinese social media and e-commerce app Xiaohongshu has laid off 9% of its staff amid crackdowns; Xiaohongshu raised $500M in November at a $20B valuation (Josh Ye/Reuters)

Josh Ye / Reuters: Chinese social media and e-commerce app Xiaohongshu has laid off 9% of its staff amid crackdowns; Xiaohongshu raised $500M in November at a $20B valuation  —  Chinese social e-commerce app Xiaohongshu, known as China’s answer to Instagram, said it had cut about 9% of its staff as the company joined other

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Scanning Receipts Proves Trickier Than Anticipated

It’s one of those things that certainly sounds simple enough: take a picture of a receipt, run it through optical character recognition (OCR), and send the resulting information to whatever expense-tracking website or software you wish. There’s already company’s that offer such a service, so it can’t be too difficult to replicate on your own…right?

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Snap reports Q1 revenue of $1.06B, up 38% YoY, vs. $1.07B est., global DAUs up 18% YoY to 332M vs. 330M est., and net loss up 25% YoY to $360M (Kif Leswing/CNBC)

Kif Leswing / CNBC: Snap reports Q1 revenue of $1.06B, up 38% YoY, vs. $1.07B est., global DAUs up 18% YoY to 332M vs. 330M est., and net loss up 25% YoY to $360M  —  – Snap missed Wall Street expectations for profit and sales when it reported first-quarter results on Thursday after the bell.

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Crusoe Energy Systems, which uses excess natural gas from oil extraction to mine crypto in 86 data centers, raises a $505M Series C led by G2 Venture Partners (Catarina Moura/The Block)

Catarina Moura / The Block: Crusoe Energy Systems, which uses excess natural gas from oil extraction to mine crypto in 86 data centers, raises a $505M Series C led by G2 Venture Partners  —  Bitcoin miner Crusoe Energy Systems raised $505 million in a Series C round to accelerate the growth of its mining operations

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Twitter tests suggesting third-party apps in its Twitter Toolbox, including Block Party, Bodyguard, and Moderate, when select users block or mute in its web app (Sarah Perez/TechCrunch)

Sarah Perez / TechCrunch: Twitter tests suggesting third-party apps in its Twitter Toolbox, including Block Party, Bodyguard, and Moderate, when select users block or mute in its web app  —  Company will third-party apps directly on Twitter itself  —  Twitter has a novel idea as to how to win back developer trust …

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