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Binance admits flaws in maintaining its Paxos-managed BUSD stablecoin, which should be backed 1:1; ChainArgos: BUSD was undercollateralized by $1B+ in 2020-21 (Bloomberg)

Bloomberg: Binance admits flaws in maintaining its Paxos-managed BUSD stablecoin, which should be backed 1:1; ChainArgos: BUSD was undercollateralized by $1B+ in 2020-21  —  Binance Holdings Ltd., the biggest cryptocurrency exchange, acknowledged past flaws in the management of its stablecoin’s reserves …

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Sources: Netflix restricts some staff’s ability to see other employees’ salaries, a major shift for a company that has long offered rare pay transparency (Wall Street Journal)

Wall Street Journal: Sources: Netflix restricts some staff’s ability to see other employees’ salaries, a major shift for a company that has long offered rare pay transparency  —  Employees at the director level lost ability to view colleagues’ pay data late last year  —  Employers List Wide Salary Ranges in Ways That Sidestep Pay Transparency

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The FAA is “working to restore” its Notice to Air Missions system, which has failed, causing mass disruption; FlightAware shows 400+ flights have been delayed (Abhijith Ganapavaram/Reuters)

Abhijith Ganapavaram / Reuters: The FAA is “working to restore” its Notice to Air Missions system, which has failed, causing mass disruption; FlightAware shows 400+ flights have been delayed  —  The U.S. Federal Aviation Administration’s (FAA) system that alerts pilots and other flight personnel about hazards …

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Court documents: Sam Bankman-Fried invested $20M in Paradigm’s $2.5B Paradigm One fund in late 2021, before the fund then invested in FTX and FTX US (Financial Times)

Financial Times: Court documents: Sam Bankman-Fried invested $20M in Paradigm’s $2.5B Paradigm One fund in late 2021, before the fund then invested in FTX and FTX US  —  Court documents shed light on Sam Bankman-Fried’s circular transactions  —  Sam Bankman-Fried invested $20mn in a large venture capital fund …

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Cory Doctorow and law professor Rebecca Giblin on their new book, Chokepoint Capitalism, and how tech platforms monetize creators via distribution bottlenecks (Nilay Patel/The Verge)

Nilay Patel / The Verge: Cory Doctorow and law professor Rebecca Giblin on their new book, Chokepoint Capitalism, and how tech platforms monetize creators via distribution bottlenecks  —  It’s a book about artists and technology and platforms and how different kinds of distribution and creation tools create chokepoints …

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Court documents: New England Patriots owner Robert Kraft, NFL star Tom Brady, a Peter Thiel-linked trust, and more own FTX Group stock, now considered worthless (Jeremy Hill/Bloomberg)

Jeremy Hill / Bloomberg: Court documents: New England Patriots owner Robert Kraft, NFL star Tom Brady, a Peter Thiel-linked trust, and more own FTX Group stock, now considered worthless  —  Billionaire New England Patriots owner Robert Kraft and star NFL quarterback Tom Brady are among those sharing in the pain of FTX Group’s sudden implosion.

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How Section 19a of Germany’s Competition Act gives antitrust authorities the power to divest and sanction Big Tech, as the EU slowly rolls out its enforcement (Javier Espinoza/Financial Times)

Javier Espinoza / Financial Times: How Section 19a of Germany’s Competition Act gives antitrust authorities the power to divest and sanction Big Tech, as the EU slowly rolls out its enforcement  —  While EU regulators slowly roll out their own enforcement mechanism, Berlin is already holding gatekeepers to account

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An overview of the adoption of Matter, the new open-source smart home interoperability standard, across the devices and controllers on display at CES 2023 (Jennifer Pattison Tuohy/The Verge)

Jennifer Pattison Tuohy / The Verge: An overview of the adoption of Matter, the new open-source smart home interoperability standard, across the devices and controllers on display at CES 2023  —  We round up all the new product announcements and look at what’s next for Matter as companies start to monetize this newfound interoperability.

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A profile of Character.AI, founded by two former Google researchers to offer “plausible conversation” with famous people, like William Shakespeare and Elon Musk (Cade Metz/New York Times)

Cade Metz / New York Times: A profile of Character.AI, founded by two former Google researchers to offer “plausible conversation” with famous people, like William Shakespeare and Elon Musk  —  At a new website called Character.AI, you can chat with a reasonable facsimile of almost anyone, live or dead, real or (especially) imagined.

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London-based Peppy, which offers digital health services for menopause, fertility, pregnancy, and more via a B2B2C model, raised a $45M Series B led by AlbionVC (Mike Butcher/TechCrunch)

Mike Butcher / TechCrunch: London-based Peppy, which offers digital health services for menopause, fertility, pregnancy, and more via a B2B2C model, raised a $45M Series B led by AlbionVC  —  There are some mega-trends playing out across developed-world workforces that startups are picking up on.

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Sources: Tata Group’s WeChat-like super app Neu is expected to generate sales of ~$4B in the year to March 31, missing the $8B goal set at the start of 2022 (Anto Antony/Bloomberg)

Anto Antony / Bloomberg: Sources: Tata Group’s WeChat-like super app Neu is expected to generate sales of ~$4B in the year to March 31, missing the $8B goal set at the start of 2022  —  Tata Group’s ambitious super app is expected to meet just half of the sales target in its debut year, forcing

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Analysis: cybersecurity startups raised $15.3B in 2022, down by a third from a record $22.8B raised in 2021 but still 68% higher than the $9.1B raised in 2020 (Chris Metinko/Crunchbase News)

Chris Metinko / Crunchbase News: Analysis: cybersecurity startups raised $15.3B in 2022, down by a third from a record $22.8B raised in 2021 but still 68% higher than the $9.1B raised in 2020  —  Venture capital in cybersecurity hit a record high in 2021 — like it did in many industries — but last year

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A US ITC judge rules that some Apple Watches infringe on one of five Masimo pulse oximeter patents related to using light sensors to measure blood oxygen levels (Amanda Pedersen/Medical Device + Diagnostic Industry)

Amanda Pedersen / Medical Device + Diagnostic Industry: A US ITC judge rules that some Apple Watches infringe on one of five Masimo pulse oximeter patents related to using light sensors to measure blood oxygen levels  —  An International Trade Commission judge ruled that Apple infringed on one of five Masimo patents related to using

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Microsoft releases 98 security fixes, including 11 critical vulnerabilities and one for an actively exploited privilege escalation zero-day flaw in Windows ALPC (Jai Vijayan/Dark Reading)

Jai Vijayan / Dark Reading: Microsoft releases 98 security fixes, including 11 critical vulnerabilities and one for an actively exploited privilege escalation zero-day flaw in Windows ALPC  —  Microsoft’s January 2023 Patch Tuesday security update contains fixes for bugs in multiple products.  Here’s what you need to patch now.

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