Wall Street Journal: Sources: AppLovin has made a bid for TikTok and talked to casino magnate Steve Wynn about backing it — Trump is expected to be briefed Wednesday on a framework to keep the video-sharing app operational — Mobile technology company AppLovin has made a bid for TikTok and talked … Lees verder op Tech Meme
Kaya Yurieff / The Information: Source: Trump plans to announce a company called TikTok America, with a 50% stake for US investors and 19.9% for ByteDance, which would license the algorithm — President Donald Trump plans to announce later on Wednesday his plan for a new company called TikTok America … Lees verder op Tech Meme
Sam Reynolds / CoinDesk: Sources: Justin Sun bailed out Techteryx’s TrueUSD after $456M in reserves, managed by First Digital, became illiquid; Techteryx says it was a victim of fraud — Justin Sun bailed out Techteryx’s TrueUSD stablecoin after nearly half a billion dollars of its reserves were rendered illiquid … Lees verder op Tech Meme
Daniel Kuhn / The Block: FDUSD stablecoin depegged 9% after Justin Sun raised concerns over Hong Kong-based First Digital Trust’s solvency; Binance alone holds ~$2.2B worth of FDUSD — – Justin Sun is warning users to pull funds from First Digital Trust, a Hong Kong-based firm once employed by TrueUSD’s owner Techteryx as a fiduciary. Lees verder op Tech Meme
Jess Weatherbed / The Verge: Adobe updates Premiere Pro with AI-powered features like Generative Extend, which lets users extend clips by two seconds with 4K quality and background audio — Generative Extend is now rolling out, alongside an AI-powered search panel and caption translations. Lees verder op Tech Meme
Daniel Kuhn / The Block: FDUSD stablecoin depegs 9% after Justin Sun raises concerns over Hong Kong-based First Digital Trust’s solvency; Binance alone holds ~$2.2B worth of FDUSD — – Justin Sun is warning users to pull funds from First Digital Trust, a Hong Kong-based firm once employed by TrueUSD’s owner Techteryx as a fiduciary. Lees verder op Tech Meme
Maxwell Zeff / TechCrunch: Anthropic debuts a Claude for Education tier for colleges, with Learning Mode, where it asks questions to test understanding, shares templates for papers, more — Anthropic announced on Wednesday that it’s launching a new Claude for Education tier, an answer to OpenAI’s ChatGPT Edu plan. Lees verder op Tech Meme
Matt Sledge / The Intercept: Trump pardoned BitMEX owner HDR Global Trading, which had pleaded guilty and was fined $100M for money laundering, possibly the first US pardon of a corporation — In what may be an American first, President Donald Trump pardoned a company sentenced to $100 million in fines for breaking money laundering laws. Lees verder op Tech Meme
New York Times: Sources: Amazon has put in a bid to acquire all of TikTok, but various parties involved do not appear to be taking it seriously, ahead of the April 5 deadline — The e-commerce giant put in a last-minute offer for the popular video app, according to three people familiar with the talks. Lees verder op Tech Meme
New York Times: A profile of Larry Ellison, now 80 years old with a $175B fortune, as Oracle bids for TikTok US and he puts up most of his son David’s $8B bid to buy Paramount — For decades, Larry Ellison reveled in being the Silicon Valley executive who really knew how to have a good time. Lees verder op Tech Meme