Tech Meme

Financial Times: Memo: ByteDance asks Chinese staff in Singapore to pay tax to China or risk losing their ability to cash out on stock options, as China steps up tax enforcement  —  ByteDance’s missive comes as China steps up enforcement of global tax collection  —  TikTok parent ByteDance is asking Chinese employees … Lees verder op Tech Meme

Bloomberg: Quant trading firm XTX, managing $250B+ in daily trades, plans to invest €1B+ on five data centers in Finland to support its growing use of machine learning  —  – Billionaire’s quant firm plans five data centers in Finland  — The move bucks trend of relying on third-party infrastructure Lees verder op Tech Meme

Omkar Godbole / CoinDesk: Crypto exchange Deribit reports total trading volume, including options, futures, and more, rose 95% YoY to $1.19T in 2024; options volume rose 99% YoY to $743B  —  Need evidence of the crypto market’s maturation?  Look no further than Deribit, the crypto exchange that registered record trading volumes in 2024. Lees verder op Tech Meme

Danny Park / The Block: A Texas District Court rules against Tornado Cash sanctions, ordering a previous decision to be reversed; the US sanctioned Tornado Cash in August 2022  —  – A U.S. District Court has ordered the sanctions on Tornado Cash to be reversed.  — The price of TORN jumped over 140% following the news. Lees verder op Tech Meme

Financial Times: UK CMA Chair Marcus Bokkerink plans to leave the antitrust agency, after pressure from UK ministers; the CMA appoints ex-Amazon exec Doug Gurr as interim chair  —  Marcus Bokkerink replaced at CMA with government saying it wants pro-business decisions to drive prosperity and growth Lees verder op Tech Meme

Bloomberg: Quant trading firm XTX, managing $250B+ in daily trades, plans to invest €1B+ on five data centers in Finland to support its growing use of machine learning  —  – Billionaire’s quant firm plans five data centers in Finland  — The move bucks trend of relying on third-party infrastructure Lees verder op Tech Meme

The Cloudflare Blog: In 2024, Cloudflare’s autonomous DDoS defense systems blocked 21.3M DDoS attacks, up 53% YoY, and 420 DDoS attacks in Q4 2024 exceeded 1 Tbps, up 1,885% QoQ  —  This post is also available in .體中文, Deutsch, 한국어, Español (Espaňa) and Français. Lees verder op Tech Meme

Bloomberg: Quant trading firm XTX, managing $250B+ in daily trades, plans to invest €1B+ on five data centers in Finland to support its growing use of machine learning  —  – Billionaire’s quant firm plans five data centers in Finland  — The move bucks trend of relying on third-party infrastructure Lees verder op Tech Meme

Kenza Bryan / Financial Times: Microsoft plans to buy 3.5M carbon credits, estimated to be worth ~$200M, from Re.green over 25 years to restore parts of Brazil’s Amazon and Atlantic forests  —  Tech giant acquires carbon credits worth around $200mn, as energy usage surges due to generative artificial intelligence Lees verder op Tech Meme

Washington Post: Sources: a deep philosophical rift over how DOGE should operate spurred Vivek Ramaswamy’s exit, with Donald Trump’s January 20 EO embodying Elon Musk’s vision  —  A deep philosophical rift between the two billionaire leaders of the “Department of Government Efficiency” left Musk to run the group. Lees verder op Tech Meme