The Daily LEO #240 Big Tech Makes Products Worse On Purpose, Alibaba Splits and Why CFTC Involvement is A Big Deal
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Lithium stocks up sharply as Albemarle seeks to buy Australian start-up
Stocks of lithium producers (LIT) are moving higher early Tuesday after Albemarle (NYSE:ALB) submitted a proposal to buy Australian lithium start-up Liontown Resources in a deal valued at ~A$5.5B (US$3.66B), prompting expectations of wider consolidation in the industry.
Liontown management rejected the A$2.50/share bid as...
Google, Amazon, and Meta are making their core products worse — on purpose
In recent years, Google users have developed one very specific complaint about the ubiquitous search engine: They can't find any answers. A simple search for "best pc for gaming" leads to a page dominated by sponsored links rather than helpful advice on which computer to buy. Meanwhile...
Alibaba to Split Into Six Groups and Explore IPOs in a Departure From Jack Ma Era
The reorganization of one of China’s largest private companies, once valued at more than $800 billion but now worth about a quarter of that, comes after Chinese authorities signaled in recent months they were winding down a sweeping regulatory clampdown aimed at reining in the country’s powerful tech sector.
Here’s why CFTC suing Binance is a bigger deal than an SEC enforcement
The United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance for trading and derivatives laws violations. The lawsuit, filed on March 27, alleged that the global crypto exchange offered its derivatives trading services to U.S. customers without applying for a derivatives license.
Sam Bankman-Fried Faces New U.S. Indictment Over Chinese Bribery Charge
U.S. prosecutors unveiled a new indictment against FTX founder Sam Bankman-Fried Wednesday, adding a bribery charge on top of the 12 other charges he already faced.
The former FTX CEO already faced charges of fraud, conspiracy and trying to evade U.S. campaign laws. Bankman-Fried was arrested last year but released on bond, though the specific terms of his release have been under...
Zero-knowledge proofs now live on Bitcoin
ZeroSync is joined by others in what is an increasingly crowded field of developers interested in privacy, security and access to the world’s largest and most important blockchains.
Others like StarkWare, having first tested on Ethereum, have also started to migrate to Bitcoin.
With ZK rollups now overhauling network state validation models, the race is on to...
How Microstrategy Got a 22% Discount on Bitcoin and Now Own ~$4b Worth of It
With all of these new developments, we've been working hard on cleaning up all of the fringe projects in the LeoVerse. We've launched a lot of things - in my mind, I like to frame it as a cast a lot of lines out into the water. Sometime you need to try, try, try to learn what works and doesn't work. I know some things have worked far better than others but our mission is to constantly evolve and find what works and doesn't.
One of the most time-intensive projects has been...
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