Tech Meme

Sara Fischer / Axios: Email: X no longer lets advertisers promote their accounts within the platform’s timeline to gain followers; a source says such ads generate $100M annually  —  X, the company formerly known as Twitter, will no longer allow advertisers to promote their accounts within the platform’s timeline … Lees verder op Tech Meme

Brian Fung / CNN: The FCC says 20M+ US households enrolled in a program to receive $30 per month subsidies for internet access, up from 10M in early 2022 and 16M in February 2023  —  More than 20 million US households are now receiving discounts on internet service as part of a federal program created to close … Lees verder op Tech Meme

Bloomberg: A look at China’s sweeping AI rules, taking effect on August 15 and governed by seven agencies, which soften an earlier draft and follow European regulators  —  – Europe has also delved into rules for protecting individuals  —  Beijing is poised to implement sweeping new regulations … Lees verder op Tech Meme

Jay Peters / The Verge: Substack now lets users follow individual writers without subscribing to their newsletter, a further expansion into social networking after Notes  —  Substack now lets you follow writers, offering a way for you to keep tabs on what a writer is doing without having to subscribe to their newsletter. Lees verder op Tech Meme

Timmy Shen / The Block: Crypto custody service Prime Trust and some of its affiliates file for Chapter 11 bankruptcy, listing liabilities of $100M to $500M and assets of $50M to $100M  —  – Prime Trust and some of its affiliates have filed for Chapter 11 bankruptcy protection, the company said today. Lees verder op Tech Meme

Timmy Shen / The Block: Filing: BAM Trading, which runs Binance.US, seeks a protective order against the SEC due to “conducting a fishing expedition”; the SEC seeks four depositions  —  – BAM Trading, the company behind Binance.US, filed a motion on Monday to seek a protective order against the SEC. Lees verder op Tech Meme

Matt Burgess / Wired: How a scam tied to ad firm CPABuild hosts malicious PDFs, indexed by search engines, on hacked .gov, .org, and .edu sites, often luring Fortnite or Roblox users  —  The wide-ranging scams, often disguised as game promotions, can all be linked back to one network. Lees verder op Tech Meme

Timmy Shen / The Block: Crypto custody service Prime Trust and some of its affiliates file for Chapter 11 bankruptcy, listing liabilities between $100M-$500M and assets $50M-$100M  —  – Prime Trust and some of its affiliates have filed for Chapter 11 bankruptcy protection, the company said today. Lees verder op Tech Meme

Sarah Wynn / The Block: Coinbase launches the Stand with Crypto Alliance, a US advocacy organization meant to mobilize the crypto community before Congress votes on key legislation  —  – Coinbase launched the “Stand with Crypto Alliance” on Monday, which it says is “crypto’s first true grassroots movement that will be organized onchain.” Lees verder op Tech Meme

Luc Cohen / Reuters: In an amended indictment, the US DOJ alleges SBF used money he stole from FTX customers to make $100M+ in political campaign donations before the 2022 midterms  —  Sam Bankman-Fried used money he stole from customers of his FTX cryptocurrency exchange to make more than $100 million … Lees verder op Tech Meme