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Doc: the EU plans to lay a €45M internet cable in the Black Sea to improve connectivity to Georgia and reduce its “dependency” on lines running through Russia (Financial Times) 12-05-2023

Financial Times: Doc: the EU plans to lay a €45M internet cable in the Black Sea to improve connectivity to Georgia and reduce its “dependency” on lines running through Russia  —  Move to improve connectivity to Georgia amid global concerns over spying and sabotage Lees verder op Tech Meme

Local media: a Montenegro court plans to release Terraform Labs co-founder Do Kwon from jail on a €400K bail, pending a trial; the prosecution can appeal (Andrew Rummer/The Block) 12-05-2023

Andrew Rummer / The Block: Local media: a Montenegro court plans to release Terraform Labs co-founder Do Kwon from jail on a €400K bail, pending a trial; the prosecution can appeal  —  – Terraform Labs co-founder Do Kwon is set to be freed from jail pending trial after a court agreed to a €400,000 ($436,000) … Lees verder op Tech Meme

A former ByteDance executive in the US sues the company for wrongful termination, saying ByteDance stole its rivals' content and gave the CCP “supreme access” (New York Times) 12-05-2023

New York Times: A former ByteDance executive in the US sues the company for wrongful termination, saying ByteDance stole its rivals’ content and gave the CCP “supreme access”  —  The former executive sued ByteDance, which owns TikTok, for wrongful termination and accused the company of lifting content … Lees verder op Tech Meme

Binance announces exit from Canada, saying the country's “new guidance related to stablecoins and investor limits” makes the Canadian market “no longer tenable” (Tracy Wang/CoinDesk) 12-05-2023

Tracy Wang / CoinDesk: Binance announces exit from Canada, saying the country’s “new guidance related to stablecoins and investor limits” makes the Canadian market “no longer tenable”  —  The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit. Lees verder op Tech Meme