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Sources: Binance.US and Changpeng Zhao are exploring ways to reduce Zhao's majority company stake, hoping to improve Binance.US' standing before US regulators (Aidan Ryan/The Information) 12-05-2023

Aidan Ryan / The Information: Sources: Binance.US and Changpeng Zhao are exploring ways to reduce Zhao’s majority company stake, hoping to improve Binance.US’ standing before US regulators  —  Binance.US and Changpeng Zhao, the crypto exchange’s founder, majority owner and chair, have been exploring ways to reduce his stake … Lees verder op Tech Meme

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

Elon Musk names ex-NBCUniversal ad chief Linda Yaccarino as Twitter's CEO, to focus on business operations; Musk will focus on “product design & new technology” (Lillian Rizzo/CNBC) 12-05-2023

Lillian Rizzo / CNBC: Elon Musk names ex-NBCUniversal ad chief Linda Yaccarino as Twitter’s CEO, to focus on business operations; Musk will focus on “product design & new technology”  —  – Former NBCUniversal advertising chief Linda Yaccarino will be Twitter’s next CEO. Lees verder op Tech Meme

NYC-based Tessera, the collective NFT ownership and governance service that launched as Fractional with $20M from Paradigm and others, plans to shut down (Rosie Perper/CoinDesk) 12-05-2023

Rosie Perper / CoinDesk: NYC-based Tessera, the collective NFT ownership and governance service that launched as Fractional with $20M from Paradigm and others, plans to shut down  —  Co-founder Andy Chorlian tweeted that the decision was made after “carefully analyzing possible market scenarios, our company structure and our financial situation.” Lees verder op Tech Meme

A profile of Linda Yaccarino, who has vast experience in ad partnerships, praised Elon Musk publicly, and told colleagues that people get hung up on his tweets (Washington Post) 12-05-2023

Washington Post: A profile of Linda Yaccarino, who has vast experience in ad partnerships, praised Elon Musk publicly, and told colleagues that people get hung up on his tweets  —  Twitter has struggled to generate revenue since Musk took over as CEO, as advertisers have fretted over his sweeping rollbacks of content moderation. Lees verder op Tech Meme

An ex-ByteDance exec in the US sues for wrongful termination, accusing it of stealing rivals' content and giving the Chinese Communist Party “supreme access” (New York Times) 12-05-2023

New York Times: An ex-ByteDance exec in the US sues for wrongful termination, accusing it of stealing rivals’ content and giving the Chinese Communist Party “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