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Uber, DoorDash, and Grubhub sue NYC, seeking to block the city's new minimum pay standard that increases the hourly wage for gig workers to ~$18 and $20 by 2025 (New York Times) 07-07-2023

New York Times: Uber, DoorDash, and Grubhub sue NYC, seeking to block the city’s new minimum pay standard that increases the hourly wage for gig workers to ~$18 and $20 by 2025  —  Uber, DoorDash and Grubhub argued that the city used poor data to calculate how much food delivery workers should earn and that the change would hurt consumers. Lees verder op Tech Meme

Crypto bridging protocol Multichain confirms an exploit impacted $130M in user-supplied tokens and recommends “all users suspend the use of Multichain services” (Shaurya Malwa/CoinDesk) 07-07-2023

Shaurya Malwa / CoinDesk: Crypto bridging protocol Multichain confirms an exploit impacted $130M in user-supplied tokens and recommends “all users suspend the use of Multichain services”  —  “It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain, developers said early Friday. Lees verder op Tech Meme

Gemini sues DCG and its founder Barry Silbert, accusing Barry Silbert of being the architect and mastermind of the DCG and Genesis fraud against creditors (Sarah Wynn/The Block) 07-07-2023

Sarah Wynn / The Block: Gemini sues DCG and its founder Barry Silbert, accusing Barry Silbert of being the architect and mastermind of the DCG and Genesis fraud against creditors  —  – Crypto exchange Gemini sued Digital Currency Group and its founder on Friday, accusing Barry Silbert of being … Lees verder op Tech Meme

Less than two days after launch, Mark Zuckerberg says Threads signups reached 70M, which is “way beyond our expectations” (Lauren Feiner/CNBC) 07-07-2023

Lauren Feiner / CNBC: Less than two days after launch, Mark Zuckerberg says Threads signups reached 70M, which is “way beyond our expectations”  —  – Meta’s new Twitter competitor Threads has exploded in growth in its first full day since its public debut Wednesday night, fueled by Instagram’s already massive userbase. Lees verder op Tech Meme