Tech Meme

Stephanie Bodoni / Bloomberg: TikTok confirms appealing a €345M teen privacy fine by EU regulators from September in the EU General Court and is also locally challenging an order by Ireland  —  – Chinese-owned platform contests EU-level, Irish decisions  — Unit faces intense scrutiny of child safeguarding practices Lees verder op Tech Meme

Giulio Piovaccari / Reuters: Ferrari begins accepting crypto payments for its cars in the US and plans to add the option for European customers in Q1 2024; Ferrari sold 13,200 cars in 2022  —  Ferrari (RACE.MI) has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme … Lees verder op Tech Meme

Bloomberg: Analysts: iPhone 15 sales in China are down compared to the iPhone 14; Counterpoint estimates a 4.5% drop after 17 days and Jefferies says Huawei outsold Apple  —  – IPhone 15 selling worse in China than its predecessor in 2022  — Sales of Apple’s flagship device are down 4.5% in comparison Lees verder op Tech Meme

Vishal Chawla / The Block: SolanaFM: the FTX estate staked 5.5M SOL, valued at $122M, from a principal wallet, delegating the coins to network validator Figment; FTX has $1B+ in SOL  —  – The FTX estate has staked over 5.5 million Solana worth $122 million.  — A wallet address identified as managed … Lees verder op Tech Meme

Vicky Ge Huang / Wall Street Journal: 21.co: the US now holds 200K+ bitcoin, worth $5B+, seized from criminals and darknet markets; an IRS executive says sales are “set by the timing in our process”  —  Uncle Sam’s stash of some 200,000 bitcoin was seized from cybercriminals and darknet markets Lees verder op Tech Meme

Reuters: Tokyo-based, KKR-owned chipmaking equipment maker Kokusai Electric raised $724.4M in its IPO, after pricing shares at ~$12.30, valuing the company at ~$2.8B  —  Chip equipment maker Kokusai Electric (6525.T) has raised $724.4 million after pricing its shares at the top end of their marketed range … Lees verder op Tech Meme

Ash Parrish / The Verge: Mojang announces 300M+ copies of Minecraft sold in ~15 years; Rockstar’s GTA V is the second best-selling game ever after reportedly selling ~185M in ~10 years  —  Today, it adds more down to that particular feather in its cap with the announcement that it has sold a staggering 300 million copies. Lees verder op Tech Meme

Kate Conger / New York Times: Australia fined X ~$384K and warned Google after the companies didn’t give enough info about their efforts to fight CSAM despite a law requiring the disclosure  —  The service formerly known as Twitter told Australian regulators that its automated detection of abusive material had declined after Elon Musk bought it. Lees verder op Tech Meme

Financial Times: Gary Gensler says it’s “nearly unavoidable” that AI will cause a financial crisis if many institutions rely on the same underlying base model or data aggregator  —  SEC head warns reliance on a few data models could unleash a financial crisis within a decade Lees verder op Tech Meme

Angus Berwick / Wall Street Journal: How Moscow-based crypto exchange Garantex became a major money laundering channel for cybercriminals and terrorist groups like the Palestinian Islamic Jihad  —  Garantex’s international pipeline helps defy Treasury sanctions by channeling rubles to crypto to dollars.  Customers line up with bags of cash. Lees verder op Tech Meme