A Pepe memecoin team member says three ex-colleagues stole about 16T Pepe tokens worth $15M from the project's multisig before selling them on crypto exchanges (James Hunt/The Block) https://www.theblock.co/post/247576/pepe-team-members-stole-15-million-from-multisig
Techmeme
A Pepe memecoin team member says three former colleagues stole ~16T Pepe tokens worth $15M from the project
By James Hunt / The Block. View the full context on Techmeme.
US Treasury proposes new rules treating crypto exchanges more like stockbrokers, requiring them to report crypto gains to the IRS, starting in 2026 (Wall Street Journal) https://www.wsj.com/finance/regulation/u-s-tackles-crypto-tax-mess-5a751679?mod=followamazon
Techmeme
The US Treasury proposes new rules that would treat crypto exchanges more like stockbrokers, requiring them to report gross proceeds to the IRS starting in 2026
From Wall Street Journal. View the full context on Techmeme.
Dropbox ends its unlimited option, capping its highest tier "all the space you need" storage plan to 5TB, after some abused it to resell the storage and more (Brody Ford/Bloomberg)
Bloomberg.com
Dropbox Ends Unlimited Cloud Storage Following Google Change
Dropbox Inc., a provider of online data storage, is ending its unlimited option, saying a small handful of customers were using massive amounts of ...
Techmeme
Dropbox ends its unlimited option, capping its “all the space you need” storage plan to 5TB, after some abused the tier by pooling storage, reselling, and more
By Brody Ford / Bloomberg. View the full context on Techmeme.
An analysis finds 37 sites that are using AI chatbots to rewrite news articles, which first appeared in outlets like CNN, the NYT, and Reuters, without credit (NewsGuard)
NewsGuard
Plagiarism-Bot? How Low-Quality Websites Are Using AI to Deceptively Rewrite Content from Mainstream News Outlets
Techmeme
An analysis finds 37 sites using AI chatbots to rewrite news articles that first appeared in outlets like CNN, The New York Times, and Reuters, without credit
From NewsGuard. View the full context on Techmeme.
Investigation: despite scaling back in Russia in 2022, Binance continues to handle substantial ruble trading, helping clients evade sanctions via intermediaries (Wall Street Journal) https://www.wsj.com/finance/binance-cryptocurrency-russia-sanctions-ddb948c3?mod=djemalertNEWS
Techmeme
Analysis: despite scaling back in Russia in 2022, Binance still handles substantial ruble trading volumes, helping clients evade US sanctions via intermediaries
From Wall Street Journal. View the full context on Techmeme.
Sources: cybersecurity company SentinelOne, whose shares dropped ~80% in the last two years, has been exploring options including a sale; stock jumps 15%+ (Reuters) https://www.reuters.com/markets/deals/cybersecurity-firm-sentinelone-explores-sale-sources-2023-08-21/
Techmeme
Sources: cybersecurity company SentinelOne, whose stock is down ~80% over the past two years, has been exploring options, including a sale; S jumps 15%+
From Reuters. View the full context on Techmeme.
A notice from Maine's AG says Tesla's May 2023 data breach impacted 75,735 people, included employee-related records, and was a result of "insider wrongdoing" (Dana Hull/Bloomberg)
Bloomberg.com
Tesla Data Breach Blamed on β€˜Insider Wrongdoing’ Impacted 75,000
Tesla Inc.’s May data breach impacted more than 75,000 people, included employee-related records and was a result of β€œinsider wrongdoing,” ac...
Techmeme
Maine
By Dana Hull / Bloomberg. View the full context on Techmeme.
NFT platform Recur plans to shut down by November 16, 2023, less than two years after raising a $50M Series A, and tells owners to move NFT metadata to the IPFS (Vishal Chawla/The Block) https://www.theblock.co/post/246477/recur-to-shut-down-less-than-two-years-after-raising-50-million-in-series-a
Techmeme
NFT platform Recur plans to shut down by November 16, 2023, after raising a $50M Series A in September 2021, and migrate the metadata of minted NFTs to the IPFS
By Vishal Chawla / The Block. View the full context on Techmeme.
The US announces $667M in new grants and loans for 37 new recipients to expand rural broadband infrastructure, after allocating $771.4M in April and June 2023 (Kavish Harjai/Associated Press)
AP News
Biden administration announces more new funding for rural broadband infrastructure
The Biden administration is continuing its push to bring internet connectivity to every home and business in the U.S.
Techmeme
The US announces a ~$667M fourth round of rural broadband infrastructure grants and loans for 37 new projects after setting aside $771.4M in April and June 2023
By Kavish Harjai / Associated Press. View the full context on Techmeme.