Tether, which has promised an audit since at least 2017, says one is “likely months” away; former SEC exec: it needs an audit “akin to a corporate colonoscopy” (Wall Street Journal)

Wall Street Journal: Tether, which has promised an audit since at least 2017, says one is “likely months” away; former SEC exec: it needs an audit “akin to a corporate colonoscopy”  —  Many crypto companies lack basic financial guardrails; ‘Tether needs an audit that’s akin to a corporate colonoscopy’

Ahead of launch of passkeys, which requires users to have two-factor authentication, Apple says 95%+ of active iCloud users have 2FA enabled on their accounts (Chance Miller/9to5Mac)

Chance Miller / 9to5Mac: Ahead of launch of passkeys, which requires users to have two-factor authentication, Apple says 95%+ of active iCloud users have 2FA enabled on their accounts  —  With its next round of software updates coming this fall, including iOS 16 and macOS Ventura, Apple will launch integrated support for the passkeys standard.

Google launches Cross device SDK to let developers build experiences across Android phones and tablets, coming later to other Android and non-Android devices (Abner Li/9to5Google)

Abner Li / 9to5Google: Google launches Cross device SDK to let developers build experiences across Android phones and tablets, coming later to other Android and non-Android devices  —  At I/O 2022, Google detailed a way for Android apps to build cross-device experiences, similar to Nearby Share, and the SDK’s developer preview is now available.

Gartner: global spending on tech, including cloud services, is expected to rise ~3% in 2022, well below the 10% annual growth in 2021 and the nearly 7% in 2020 (Aaron Tilley/Wall Street Journal)

Aaron Tilley / Wall Street Journal: Gartner: global spending on tech, including cloud services, is expected to rise ~3% in 2022, well below the 10% annual growth in 2021 and the nearly 7% in 2020  —  After pandemic-fueled gains, the firms contend with a more conservative business environment  —  Why Consumer Confidence Is Key to […]

Shuffles, Pinterest’s invite-only collage-making iOS app that launched in late July, is going viral on TikTok; Sensor Tower estimates the app has ~338K installs (Sarah Perez/TechCrunch)

Sarah Perez / TechCrunch: Shuffles, Pinterest’s invite-only collage-making iOS app that launched in late July, is going viral on TikTok; Sensor Tower estimates the app has ~338K installs  —  Collage-style video “mood boards” are going viral on TikTok — and so is the app making them possible.

El Salvador appears to be heading deeper into an economic crisis with funding sources drying up, one year after it adopted bitcoin as legal tender (Daniel Alvarenga/Rolling Stone)

Daniel Alvarenga / Rolling Stone: El Salvador appears to be heading deeper into an economic crisis with funding sources drying up, one year after it adopted bitcoin as legal tender  —  It’s been a year since El Salvador adopted bitcoin as currency — things are not going well  —  SIX DAYS BEFORE El Salvador’s Bitcoin […]

Facebook agrees in principle to settle a lawsuit alleging it violated consumer privacy laws by sharing user data with 3rd parties, including Cambridge Analytica (Reuters)

Reuters: Facebook agrees in principle to settle a lawsuit alleging it violated consumer privacy laws by sharing user data with 3rd parties, including Cambridge Analytica  —  Meta Platforms Inc’s Facebook has in-principle agreed to settle a lawsuit in the San Francisco federal court seeking damages …

Meta’s VP of Horizon, Vivek Sharma, is leaving the company after six years; the Horizon team will report directly to Meta’s VP of Metaverse, Vishal Shah (Jonathan Vanian/CNBC)

Jonathan Vanian / CNBC: Meta’s VP of Horizon, Vivek Sharma, is leaving the company after six years; the Horizon team will report directly to Meta’s VP of Metaverse, Vishal Shah  —  – Vivek Sharma has been with Meta for six years and was most recently its VP of Horizon.  — Sharma’s team will now report […]

Sources: Netflix plans to charge $7-$9/month for its ad-supported tier in the US, with ~4 minutes of ads/hour, and may launch it in 2022 in a half dozen markets (Lucas Shaw/Bloomberg)

Lucas Shaw / Bloomberg: Sources: Netflix plans to charge $7-$9/month for its ad-supported tier in the US, with ~4 minutes of ads/hour, and may launch it in 2022 in a half dozen markets  —  Netflix Inc. is considering pricing its new advertising-supported tier at $7 to $9 a month, half as much as its current […]

Sources: India’s Enforcement Directorate conducted searches at CoinSwitch Kuber for allegedly acquiring shares of $200M+ in violation of forex laws (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: Sources: India’s Enforcement Directorate conducted searches at CoinSwitch Kuber for allegedly acquiring shares of $200M+ in violation of forex laws  —  India’s financial crime-fighting agency conducted searches at multiple premises of the Bengaluru-headquartered CoinSwitch Kuber on Thursday …

Meituan reports Q2 revenue up 16% YoY to ~$7.4B and a ~$163.5M net loss, as its “core local commerce” business, including food delivery, rose 9.2% YoY (Bloomberg)

Bloomberg: Meituan reports Q2 revenue up 16% YoY to ~$7.4B and a ~$163.5M net loss, as its “core local commerce” business, including food delivery, rose 9.2% YoY  —  Chinese food delivery titan Meituan reported a better-than-expected 16% increase in quarterly revenue, after appetite …

Open Text plans to buy UK-based enterprise software company Micro Focus for ~$6B including debt, a 99% premium on Thursday’s close; Micro Focus stock jumps 90%+ (Derek Decloet/Bloomberg)

Derek Decloet / Bloomberg: Open Text plans to buy UK-based enterprise software company Micro Focus for ~$6B including debt, a 99% premium on Thursday’s close; Micro Focus stock jumps 90%+  —  Canada’s Open Text Corp. struck a deal to buy UK software firm Micro Focus International Plc for about $6 billion including debt …

Meta made 68 “newsworthiness allowances” from June 2021 to June 2022 for content that may have violated Facebook or Instagram rules, letting the pieces stay up (Queenie Wong/CNET)

Queenie Wong / CNET: Meta made 68 “newsworthiness allowances” from June 2021 to June 2022 for content that may have violated Facebook or Instagram rules, letting the pieces stay up  —  Queenie Wong  —  Queenie Wong is a senior writer for CNET News, who focuses on social media companies including …

Affirm reports Q4 revenue up 39% YoY to $364.1M, vs. $354.8M est., but a Q1 2023 revenue outlook of $345M to $365M, vs. $386M est.; stock falls 13%+ after hours (Benjamin Pimentel/Protocol)

Benjamin Pimentel / Protocol: Affirm reports Q4 revenue up 39% YoY to $364.1M, vs. $354.8M est., but a Q1 2023 revenue outlook of $345M to $365M, vs. $386M est.; stock falls 13%+ after hours  —  Shares of Affirm tumbled Thursday after the “buy now, pay later” company reported a weaker-than-expected outlook that underlined an “uncertain […]

FTX CEO Sam Bankman-Fried denies a Bloomberg report that FTX Ventures is merging with Alameda Research’s VC operations (Brandy Betz/CoinDesk)

Brandy Betz / CoinDesk: FTX CEO Sam Bankman-Fried denies a Bloomberg report that FTX Ventures is merging with Alameda Research’s VC operations  —  Bloomberg had reported that the two operations would merge their venture capital businesses.  —  Sam Bankman-Fried’s FTX Ventures denied a Bloomberg report Thursday …

Assay determines the percentage of Omicron, other variants in Covid wastewater

Wastewater monitoring emerged amid the Covid-19 pandemic as an effective and noninvasive way to track a viral outbreak, and advances in the technology have enabled researchers to not only identify but also quantify the presence of particular variants of concern (VOCs) in wastewater samples. Last year, researchers with the Singapore-MIT Alliance for Research and Technology (SMART) […]

Atlanta-based Bitcoin Depot, which operates over 7,000 bitcoin ATMs across North America, plans to go public via SPAC at a ~$885M valuation (Amrith Ramkumar/Wall Street Journal)

Amrith Ramkumar / Wall Street Journal: Atlanta-based Bitcoin Depot, which operates over 7,000 bitcoin ATMs across North America, plans to go public via SPAC at a ~$885M valuation  —  Investor appetite for bitcoin ATMs to be tested as the cryptocurrency and SPAC markets slump  —  Here’s Why Crypto Might Not Be Dead  —  Created with […]

Baidu reveals its first quantum computer, Qianshi, which has a 10-qubit processor, and says it is developing a 36-qubit system (Reuters)

Reuters: Baidu reveals its first quantum computer, Qianshi, which has a 10-qubit processor, and says it is developing a 36-qubit system  —  Chinese search engine giant Baidu Inc revealed its first quantum computer on Thursday and is ready to make it available to external users, joining the global race to apply the technology to practical […]

Thailand’s Siam Commercial Bank abandons its $500M acquisition of Thai crypto exchange Bitkub, announced in 2021, saying Bitkub needs to fix regulatory issues (Kari McMahon/The Block)

Kari McMahon / The Block: Thailand’s Siam Commercial Bank abandons its $500M acquisition of Thai crypto exchange Bitkub, announced in 2021, saying Bitkub needs to fix regulatory issues  —  – Thailand’s oldest bank SCB is abandoning its $500 million deal to acquire crypto exchange Bitkub.

At an all-hands, Twitter’s executives pushed back against Peiter Zatko’s complaint, with CEO Parag Agrawal saying a “false narrative” has been created (CNN)

CNN: At an all-hands, Twitter’s executives pushed back against Peiter Zatko’s complaint, with CEO Parag Agrawal saying a “false narrative” has been created  —  Twitter whistleblower alleges the company has reckless and negligent cybersecurity policies that pose a national security risk