David Jeans / Forbes: NYC-based digital lender Better.com closed down 94% in its Nasdaq debut on Thursday after a SPAC merger — Once valued at $7.7 billion, Vishal Garg’s SoftBank-backed company faced a cratering stock price and no plans for profitability as it went public Thursday via a SPAC merger. — W Lees verder op Tech Meme
Wall Street Journal: US Treasury proposes new rules treating crypto exchanges more like stockbrokers, requiring them to report crypto gains to the IRS, starting in 2026 — Long-delayed regulations would treat crypto platforms more like brokers who handle stocks and mutual funds Lees verder op Tech Meme
Ariel Bogle / The Guardian: NYT, CNN, and some other news outlets block OpenAI’s GPTBot web crawler from accessing their content; some have also blocked Common Crawl Foundation’s CCBot — Chicago Tribune and Australian newspapers the Canberra Times and Newcastle Herald also appear to have disallowed web crawler from maker of Chat GPT Lees verder op Tech Meme
Julian Chokkattu / Wired: Citizen suspends sales of its $350 CZ Smart smartwatch, launched on May 1; review units had extensive issues, including freezing and inaccurate tracking data — The second-generation CZ Smart launched a few months ago. Both the company and reviewers have found serious technical issues. Lees verder op Tech Meme
Timmy Shen / The Block: CoinGecko: Worldcoin’s WLD fell 9.1% in the past 24 hours to ~$1.33, down 43.6% since its launch a month ago, after scrutiny over data collection and privacy — – The controversial crypto project co-created by Sam Altman saw its WLD token drop 9.1% over the past 24 hours and 43.6% over the past 30 days. Lees verder op Tech Meme
Josh Ye / Reuters: Source: Tencent Music, Cloud Music, and more scrap their virtual lucky draws and other features at a hefty cost, as China cracks down on online gambling — Chinese online content platforms including Tencent Music (1698.HK) and NetEase’s Cloud Music (9899.HK) have removed live streaming features … Lees verder op Tech Meme
Manish Singh / TechCrunch: Indian instant grocery startup Zepto raised a $200M Series E led by StepStone at a $1.4B valuation, taking its funding to $560M, India’s first unicorn of 2023 — Instant grocery delivery startup Zepto has raised $200 million in a new funding round at a valuation of $1.4 billion, it said Friday … Lees verder op Tech Meme
Financial Times: Customs data: China’s chip production tool imports in June and July 2023 totaled nearly $5B, up 70% YoY from $2.9B, mostly from the Netherlands and Japan — Data shows surge in June and July purchases ahead of export curbs by Japan and the Netherlands — China’s imports of semiconductor equipment … Lees verder op Tech Meme
Manish Singh / TechCrunch: Indian instant grocery delivery startup Zepto raised a $200M Series E led by StepStone Group at a $1.4B valuation, bringing its total funding to $560M — Instant grocery delivery startup Zepto has raised $200 million in a new funding round at a valuation of $1.4 billion, it said Friday … Lees verder op Tech Meme
Reuters: São Paulo-based Nomad, which offers Brazilians access to financial services in the US, raised a $61M Series B led by Tiger Global at a ~$361M valuation — Brazilian financial tech firm Nomad raised $61 million in an investment round led by Tiger Global Management … Lees verder op Tech Meme