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Pitch decks: Three Arrows Capital founders Su Zhu and Kyle Davies are hoping to raise $25M to start crypto exchange GTX, partnering with two CoinFlex executives (The Block)

The Block: Pitch decks: Three Arrows Capital founders Su Zhu and Kyle Davies are hoping to raise $25M to start crypto exchange GTX, partnering with two CoinFlex executives  —  – Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), are hoping to raise $25 million …

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Taiwanese government data: integrated circuit chip exports rose 18.4% YoY in 2022, down from 27.1% YoY growth in 2021 and 22% YoY growth in 2020 (Bloomberg)

Bloomberg: Taiwanese government data: integrated circuit chip exports rose 18.4% YoY in 2022, down from 27.1% YoY growth in 2021 and 22% YoY growth in 2020  —  Taiwan’s exports of integrated circuit chips rose in 2022 for a seventh consecutive year, further solidifying the economy’s leadership status …

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After North Korea’s Lazarus Group moved ~41K ETH, worth ~$63.5M, stolen from the Harmony bridge hack, Binance and Huobi freeze 124 BTC linked to the hackers (Ezra Reguerra/Cointelegraph)

Ezra Reguerra / Cointelegraph: After North Korea’s Lazarus Group moved ~41K ETH, worth ~$63.5M, stolen from the Harmony bridge hack, Binance and Huobi freeze 124 BTC linked to the hackers  —  In a recent tweet, on-chain crypto detective ZachXBT said that the hackers have been moving $64 million in the last weekend.  —  75 Total

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Sources: seeking to win US allies, TikTok has proposed a complex, $1.5B plan to reorganize its US operations, including oversight of its key algorithms (Wall Street Journal)

Wall Street Journal: Sources: seeking to win US allies, TikTok has proposed a complex, $1.5B plan to reorganize its US operations, including oversight of its key algorithms  —  Chinese-owned app proposes giving U.S. officials oversight of its algorithms  —  Two years into negotiations with U.S. regulators …

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The Overwatch League’s path to profitability remains unclear given dwindling viewership, recent upheavals inside Activision Blizzard, and dampening esports hype (Will Bedingfield/Wired)

Will Bedingfield / Wired: The Overwatch League’s path to profitability remains unclear given dwindling viewership, recent upheavals inside Activision Blizzard, and dampening esports hype  —  Activision-Blizzard’s ambitious, much-hyped initiative has stalled.  Recent upheavals reveal the instability of esports—and a murky future for the league.

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Chinese ride-hailing giant Didi says regulators have lifted a ban on new user registrations, signaling an end to a longrunning regulatory crackdown (Reuters)

Reuters: Chinese ride-hailing giant Didi says regulators have lifted a ban on new user registrations, signaling an end to a longrunning regulatory crackdown  —  China’s ride hailing giant Didi Global said in a statement on Monday that it would be allowed to resume new user registration, after a more than year-long ban that curbed its

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Tencent’s Hong Kong stock has risen around 95% since October 28 and Alibaba’s stock is up about 85% over a similar period, as China relaxes its tech crackdown (Abhishek Vishnoi/Bloomberg)

Abhishek Vishnoi / Bloomberg: Tencent’s Hong Kong stock has risen around 95% since October 28 and Alibaba’s stock is up about 85% over a similar period, as China relaxes its tech crackdown  —  Shares of Tencent Holdings Ltd. have nearly doubled from their recent lows on growing signs that China is preparing to end …

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Investigation: Alibaba paid Chinese scholars to lobby authorities to relax regulations and rehabilitate its reputation, hoping to navigate China’s clampdown (Qianer Liu/Financial Times)

Qianer Liu / Financial Times: Investigation: Alibaba paid Chinese scholars to lobby authorities to relax regulations and rehabilitate its reputation, hoping to navigate China’s clampdown  —  Alibaba has been paying academics to lobby Chinese authorities to relax regulations and rehabilitate its reputation …

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What kind of future will AI bring enterprise IT?

If you’re an enterprise looking for ways to come through a recession stronger while beating out competitors in the process, open source isn’t the answer. Neither is cloud. It’s true that both can be helpful. Both are ingredients in how enterprises should rethink their traditional approaches to IT. But neither will do much to distinguish

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Architecting for SaaSification

Transformation to SaaS (software as a service) is driven by both business and technological factors. From a business perspective, software companies seek reliable recurring revenue instead of spending on research and development up front and hoping customers buy the product or upgrade on the back end. From a technology perspective, software users often do not

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Shiba Inu developers plan to launch Shibarium, an Ethereum Layer 2 network, in the coming weeks, focusing on the metaverse and gaming applications (Shaurya Malwa/CoinDesk)

Shaurya Malwa / CoinDesk: Shiba Inu developers plan to launch Shibarium, an Ethereum Layer 2 network, in the coming weeks, focusing on the metaverse and gaming applications  —  Ecosystem tokens shiba inu, leash and bone will serve as the the upcoming Ethereum-based blockchain.  —  Upcoming layer 2 network Shibarium …

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