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How the FBI proved that NetWire was a remote access trojan malware and not a remote admin tool, leading to the seizure of the website selling the malware (Lorenzo Franceschi-Bicchierai/TechCrunch)

Lorenzo Franceschi-Bicchierai / TechCrunch: How the FBI proved that NetWire was a remote access trojan malware and not a remote admin tool, leading to the seizure of the website selling the malware  —  On Thursday, the U.S. government announced that it had seized a website used to sell malware designed to spy on computers and

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European telcos ramp up pressure on EU regulators to consider a framework where Google, Netflix, Meta, Apple, Amazon, and Microsoft help cover network costs (CNBC)

CNBC: European telcos ramp up pressure on EU regulators to consider a framework where Google, Netflix, Meta, Apple, Amazon, and Microsoft help cover network costs  —  – Telecom groups are ramping up pressure on EU regulators to consider a framework where the companies that send traffic over their networks …

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A look at the Hong Kong Exchanges and Clearing’s new IPO rules, which will allow pre-revenue “big tech” firms with a valuation of $1.9B or more to raise capital (Enoch Yiu/South China Morning Post)

Enoch Yiu / South China Morning Post: A look at the Hong Kong Exchanges and Clearing’s new IPO rules, which will allow pre-revenue “big tech” firms with a valuation of $1.9B or more to raise capital  —  This is part one of a two-part series looking at upcoming changes at Hong Kong Exchanges and Clearing

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European telcos ramp up pressure on EU regulators to consider a framework where Google, Netflix, Meta, Apple, Amazon, and Microsoft help cover network costs (CNBC)

CNBC: European telcos ramp up pressure on EU regulators to consider a framework where Google, Netflix, Meta, Apple, Amazon, and Microsoft help cover network costs  —  – Telecom groups are ramping up pressure on EU regulators to consider a framework where the companies that send traffic over their networks …

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Filing: SVB investors and depositors tried to pull $42B on March 9; the bank had a negative cash balance of $958M on March 9, per an order for taking possession (Austin Weinstein/Bloomberg)

Austin Weinstein / Bloomberg: Filing: SVB investors and depositors tried to pull $42B on March 9; the bank had a negative cash balance of $958M on March 9, per an order for taking possession  —  Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US

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A look at Sumplete, a game ChatGPT claimed it “invented” after being prompted to create Sudoku-like puzzles and is identical to at least one other mobile game (Giovanni Colantonio/Digital Trends)

Giovanni Colantonio / Digital Trends: A look at Sumplete, a game ChatGPT claimed it “invented” after being prompted to create Sudoku-like puzzles and is identical to at least one other mobile game  —  ChatGPT can add another job to its résumé: game developer.  With just a few simple prompts from a user …

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Coinbase says it is “temporarily pausing” conversions of USDC into USD during the weekend; USDC traded at ~$0.90 as investors reacted to Circle’s SVB exposure (Suvashree Ghosh/Bloomberg)

Suvashree Ghosh / Bloomberg: Coinbase says it is “temporarily pausing” conversions of USDC into USD during the weekend; USDC traded at ~$0.90 as investors reacted to Circle’s SVB exposure  —  USD Coin, the stablecoin issued by Circle Internet Financial Ltd., fell further from its dollar peg and traded as low …

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Meta plans to divest from Kustomer, which it reportedly acquired for ~$1B; sources: the startup’s revenue has flattened while burning through ~$200M since 2022 (Wall Street Journal)

Wall Street Journal: Meta plans to divest from Kustomer, which it reportedly acquired for ~$1B; sources: the startup’s revenue has flattened while burning through ~$200M since 2022  —  Meta Platforms Inc. META -1.20%decrease; red down pointing triangle is planning to divest itself of Kustomer …

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Circle says $3.3B of ~$40B USDC reserves remain at SVB and invites users to participate in the USDC gift distribution to make up for negative market sentiment (Frank Chaparro/The Block)

Frank Chaparro / The Block: Circle says $3.3B of ~$40B USDC reserves remain at SVB and invites users to participate in the USDC gift distribution to make up for negative market sentiment  —  – After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …

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Circle’s USDC sees $1B in net redemptions since SVB’s shutdown and is slightly depegged, after Circle said SVB is one of six banks managing USDC cash reserves (Krisztian Sandor/CoinDesk)

Krisztian Sandor / CoinDesk: Circle’s USDC sees $1B in net redemptions since SVB’s shutdown and is slightly depegged, after Circle said SVB is one of six banks managing USDC cash reserves  —  Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at now-failed Silicon Valley Bank.

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The USB Protocol, Explained

If you can explain what a USB PID, a J state, a K state, and an SOF are, you can probably stop reading now. But if you don’t know or you want a refresher, you can spend 15 minutes watching [Sine Lab’s] straightforward explanation of the USB protocol details. You can find the video below.

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Filing: crypto lender BlockFi, which filed for bankruptcy protection in November 2022, has $227M in uninsured funds in Silicon Valley Bank (Sarah Wynn/The Block)

Sarah Wynn / The Block: Filing: crypto lender BlockFi, which filed for bankruptcy protection in November 2022, has $227M in uninsured funds in Silicon Valley Bank  —  – Crypto lender Blockfi has millions in uninsured funds because the cash is a money market mutual fund, according to a bankruptcy document filed on Friday.

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Filing: crypto lender BlockFi, which filed for bankruptcy protection in November 2022, has $227M in uninsured funds in Silicon Valley Bank (Sarah Wynn/The Block)

Sarah Wynn / The Block: Filing: crypto lender BlockFi, which filed for bankruptcy protection in November 2022, has $227M in uninsured funds in Silicon Valley Bank  —  – Crypto lender Blockfi has millions in uninsured funds because the cash is a money market mutual fund, according to a bankruptcy document filed on Friday.

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Filing: Roku held ~26% of its $1.9B in cash and equivalents at SVB, “largely uninsured”, and says the remaining amount will be sufficient for at least 12 months (Todd Spangler/Variety)

Todd Spangler / Variety: Filing: Roku held ~26% of its $1.9B in cash and equivalents at SVB, “largely uninsured”, and says the remaining amount will be sufficient for at least 12 months  —  About one-fourth of Roku’s cash and equivalents — nearly half a billion dollars — has been held in Silicon Valley Bank …

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Sources: Meta plans multiple rounds of layoffs over the coming months that in total would be roughly the same magnitude as its ~13% cut in November 2022 (Wall Street Journal)

Wall Street Journal: Sources: Meta plans multiple rounds of layoffs over the coming months that in total would be roughly the same magnitude as its ~13% cut in November 2022  —  New layoffs at Meta Platforms would follow cuts of around 11,000 employees started last year  —  Facebook-parent Meta Platforms Inc …

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How startup founders are reacting to Silicon Valley Bank’s collapse, as some worry about frozen funds, operating expenses, and paying employees full salaries (TechCrunch)

TechCrunch: How startup founders are reacting to Silicon Valley Bank’s collapse, as some worry about frozen funds, operating expenses, and paying employees full salaries  —  Engineers at Polymath Robotics were working late Wednesday night on multiple projects when co-founder and CEO Stefan Seltz-Axmacher noticed chatter …

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This Week in Space: Scrubs, Sunbeams, and Starlink

Hello, readers, and welcome to This Week in Space. Arianespace’s Vega-C rocket made an unplanned aquabraking maneuver in December, crashing into the ocean and destroying the vehicle and its payload satellites. Now, ESA officials report that they know why. Alas, the hydrogen-fueled rocket is in good company; JAXA had to detonate its own new H3

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ChatGPT now chatting via Azure OpenAI Service

Microsoft is making the ChatGPT AI large anguage model available in preview as a component for applications designed for the company’s Azure OpenAI Service, paving the way for developers to integrate the large language model into a host of different enterprise development and end-user applications. Microsoft appears to have had several users working with this

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FDIC says SVB customers with deposits above $250K will get “an advance dividend within the next week”; many SVB clients need to meet their payroll on March 15 (Dan Primack/Axios)

Dan Primack / Axios: FDIC says SVB customers with deposits above $250K will get “an advance dividend within the next week”; many SVB clients need to meet their payroll on March 15  —  The U.S. government on Friday assumed control of Silicon Valley Bank and its billions of dollars in customer deposits …

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