Tech Meme

Yueqi Yang / Bloomberg: Circle has $1B+ in cash and had $779M in revenue in H1 2023, compared to $772M for all of 2022; USDC in circulation has fallen to ~$26B from ~$45B in January  —  – CEO expects payments, financial firms to push for stablecoins  — USD Coin market cap plunges this year while rival Tether gains Lees verder op Tech Meme

Ernesto Van der Sar / TorrentFreak: Hosting provider Uberspace takes down youtube-dl’s website, which linked to YouTube ripping software, while appealing a German court order forcing the takedown  —  In 2020, the RIAA infuriated many players in the open source community by targeting YouTube-ripping tool, youtube-dl. Lees verder op Tech Meme

Jing Yang / The Information: Sources: ByteDance’s China revenue grew 25% YoY in 2022 to $69B, down from 68% YoY growth in 2021; overseas revenue grew from $6.5B in 2021 to $16B in 2022  —  ByteDance might be best known globally as the parent company of TikTok, but the bulk of its money comes from its home base of China, thanks to its Chinese video app Douyin. Lees verder op Tech Meme

Olga Kharif / Bloomberg: DCG and Barry Silbert file a motion to dismiss Gemini’s fraud lawsuit, claiming Gemini fails to properly claim fraud and engages in “character assassination”  —  – Gemini filed its lawsuit against DCG, Silbert in July  — Dispute centers on trapped customer funds at bankrupt DCG unit Lees verder op Tech Meme

Andy Greenberg / Wired: Teens replicated a 2008 hack of Boston’s subway fare system and were invited to present their work, a contrast to the transit authority’s response 15 years ago  —  In 2008, Boston’s transit authority sued to stop MIT hackers from presenting at the Defcon hacker conference on how to get free subway rides. Lees verder op Tech Meme

The Hollywood Reporter: Opinion: A Disney Sale to Apple? Don’t Count It Out This Time  —  Facing the staggering problems afflicting all legacy studios, is Bob Iger contemplating a once-unthinkable option?  The signals he sent in Sun Valley suggest that it could happen. … It’s an idea that keeps being discussed … Lees verder op Tech Meme

Lorenzo Franceschi-Bicchierai / TechCrunch: Researchers deployed exposed Windows servers as honeypots for hackers, recording 190M events and 100 hours of video of their actions, like installing malware  —  Imagine being able to sit behind a hacker and observe them take control of a computer and play around with it. Lees verder op Tech Meme

Frederic Lardinois / TechCrunch: Oracle, SUSE, and CIQ launch the Open Enterprise Linux Association to foster RHEL-based distributions development, after Red Hat limited RHEL source code access  —  The fallout from Red Hat’s recent decision to make it harder to access to the source code of its flagship Red Hat Enterprise Linux (RHEL) distribution continues. Lees verder op Tech Meme

Andrew J. Hawkins / The Verge: The California Public Utilities Commission allows Waymo and Cruise to operate driverless cabs 24/7 throughout San Francisco, after a contentious public hearing  —  Waymo and Cruise were approved to operate their robotaxi services 24/7 in San Francisco, after a contentious public hearing … Lees verder op Tech Meme

Yueqi Yang / Bloomberg: Circle says it has $1B+ in cash and had $779M in revenue in H1 2023, vs. $772M for all of 2022, as USDC in circulation has fallen to ~$26B from ~$45B in January  —  – CEO expects payments, financial firms to push for stablecoins  — USD Coin market cap plunges this year while rival Tether gains Lees verder op Tech Meme