Month: January 2023

A look at LockBit, a Russia-linked hacking group that claimed responsibility for compromising 40 organizations in the past month, including the UK’s Royal Mail (Mehul Srivastava/Financial Times)

Mehul Srivastava / Financial Times: A look at LockBit, a Russia-linked hacking group that claimed responsibility for compromising 40 organizations in the past month, including the UK’s Royal Mail  —  LockBit claims it has compromised 40 organisations around the world in just the past month  —  As the UK’s Royal Mail grappled …

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Analysis: 196 members of the new Congress accepted donations from Sam Bankman-Fried or other FTX senior executives, including Kevin McCarthy and Chuck Schumer (CoinDesk)

CoinDesk: Analysis: 196 members of the new Congress accepted donations from Sam Bankman-Fried or other FTX senior executives, including Kevin McCarthy and Chuck Schumer  —  The session began with 196 U.S. lawmakers who took direct contributions from Sam Bankman-Fried and other former FTX executives …

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Enterprise AI startup Mad Street Den, which provides image and video recognition to the retail sector, raised a $30M Series C led by Avatar Growth Capital (Malvika Maloo/VCCircle)

Malvika Maloo / VCCircle: Enterprise AI startup Mad Street Den, which provides image and video recognition to the retail sector, raised a $30M Series C led by Avatar Growth Capital  —  Enterprise artificial intelligence (AI) startup Mad Street Den has raised $30 million in its Series C round, led by Avatar Growth Capital …

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Sources: about 14 Chinese suppliers receive initial clearance to expand in India, after Apple said it needed their services to grow its presence in the country (Bloomberg)

Bloomberg: Sources: about 14 Chinese suppliers receive initial clearance to expand in India, after Apple said it needed their services to grow its presence in the country  —  More than a dozen of Apple Inc.’s Chinese suppliers are receiving initial clearance by India to expand in the country …

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A profile of DCG CEO Barry Silbert, a finance veteran who built a crypto conglomerate and is now fighting to keep DCG’s brokerage firm Genesis out of bankruptcy (Wall Street Journal)

Wall Street Journal: A profile of DCG CEO Barry Silbert, a finance veteran who built a crypto conglomerate and is now fighting to keep DCG’s brokerage firm Genesis out of bankruptcy  —  CEO Barry Silbert of Digital Currency Group, a finance veteran who built a crypto conglomerate, now is fighting to keep its brokerage firm

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Dune Analytics: the number of smart contracts deployed on the Ethereum mainnet grew 293% YoY in 2022 and 453% QoQ to 4.6M in Q4 2022, just as FTX collapsed (Andrew Asmakov/Decrypt)

Andrew Asmakov / Decrypt: Dune Analytics: the number of smart contracts deployed on the Ethereum mainnet grew 293% YoY in 2022 and 453% QoQ to 4.6M in Q4 2022, just as FTX collapsed  —  Despite the fierce headwinds the crypto industry faced over the last year, Web3 development activity has grown at an impressive rate,

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Sources: Apple indefinitely postpones its plans for lightweight AR glasses due to technical difficulties, plans to launch a lower-cost MR headset in 2024/2025 (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg: Sources: Apple indefinitely postpones its plans for lightweight AR glasses due to technical difficulties, plans to launch a lower-cost MR headset in 2024/2025  —  Apple Inc. is still planning to unveil its first mixed-reality headset this year, but an even more important follow-up product …

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By suing Genesis and Gemini over Gemini Earn in 2023, the SEC is years late to addressing the crypto lending product, which was marketed like a security (Matt Levine/Bloomberg)

Matt Levine / Bloomberg: By suing Genesis and Gemini over Gemini Earn in 2023, the SEC is years late to addressing the crypto lending product, which was marketed like a security  —  Earn  —  Well, of course: … We covered this in 2021, when Coinbase Global Inc.’s similar crypto lending program was shut down by

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