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Coinbase Gets Major Payment Institution License in Singapore
October 02 2023 - 05:52AM
Dow Jones News
By Ronnie Harui
SINGAPORE--Coinbase Global has obtained a major payment institution license from the Monetary Authority of Singapore, which would enable the crypto exchange to expand its digital-payment token services to individuals and institutions in the city state.
This comes after an initial in-principle approval and strengthens its commitment to the Singapore market, Coinbase said in a blog post. The crypto exchange received initial in-principle approval from MAS in October 2022.
Write to Ronnie Harui at ronnie.harui@wsj.com
https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/92169072/coinbase-gets-major-payment-institution-license-in
Do you have a link to back up what you are stating? I don't post most of my research on this one, as I am still accumulating...I clicked on your username and see that you mostly invest or comment on micro-penny stocks!
Apple considered, rejected default search switch to DuckDuckGo from Google
Thursday, October 5, 2023 9:12 am
Apple held talks with DuckDuckGo to replace Alphabet subsidiary Google’s search engine as the default for the private mode on Apple’s Safari browser, but ultimately rejected the idea, the U.S. government’s antitrust trial revealed Wednesday via transcripts.
Leah Nylen for Bloomberg News:
US District Judge Amit Mehta ruled Wednesday that he would unseal the testimony of DuckDuckGo Chief Executive Officer Gabriel Weinberg and Apple executive John Giannandrea, both of whom testified in the Washington trial in closed sessions.
Weinberg testified that DuckDuckGo had about 20 meetings and phone calls with Apple executives, including the head of Safari, in 2018 and 2019 about becoming the default search engine for private browsing mode. In private mode, Safari doesn’t track websites that a user visits or keep a history of what a person has accessed.
But Giannandrea, who joined Apple as the head of search in 2018, said that to his knowledge Apple hadn’t considered switching to DuckDuckGo. In a February 2019 email to other Apple executives, Giannandrea said it was “probably a bad idea” to switch to DuckDuckGo for private browsing in Safari.
“The motivating factor for setting DuckDuckGo as the default for private browsing was an assumption” that it would be more private, Giannandrea testified. Because DuckDuckGo relies on Bing for its search information, it also likely provides Microsoft some user information, he said, which led him to believe that DuckDuckGo’s “marketing about privacy is somewhat incongruent with the details.”
If Apple seriously wanted to switch to DuckDuckGo, “I would probably insist on doing a lot more due diligence with DuckDuckGo,” he said.
MacDailyNews Take: In the time it took you to read this, Apple likely considered and rejected 20+ proposals worldwide. So what?
If you haven’t already, give DuckDuckGo a try today!
Apple allows users to easily switch to the privacy-respecting DuckDuckGo search engine on Safari:
macOS:
1. Click Safari in the top menu bar.
2. Select Preferences.
3. Click on Search.
4. Select DuckDuckGo.
iOS:
1. Open Settings.
2. Navigate to and tap on Safari.
3. Tap on Search Engine.
4. Select DuckDuckGo.
Related
DuckDuckGo has grown 600% since Apple made it a search option – and Snowden’s revelations
Wednesday, June 17, 2015
In "News"
Why I switched from Google to DuckDuckGo
Saturday, July 4, 2015
In "News"
Apple adds DuckDuckGo option to iOS 8 Safari, ‘a search engine that doesn’t track users’
Thursday, September 18, 2014
In "News"
https://macdailynews.com/2023/10/05/apple-considered-rejected-default-search-switch-to-duckduckgo-from-google/
Netflix plans to raise prices again after end of actors strike
Tuesday, October 3, 2023 4:26 pm
In the latest in a series of recent price increases by America’s largest streaming platforms, Netflix plans to raise the price of its ad-free service a few months after the end of the Hollywood actors strike.
Netflix’s latest price increase came in January of 2022.
Jessica Toonkel and Sarah Krouse for The Wall Street Journal:
The streaming service is discussing raising prices in several markets globally, but will likely begin with the U.S. and Canada, according to people familiar with the matter. It couldn’t be learned how much Netflix will raise prices by or when exactly the new prices will take effect.
On Tuesday, Warner Bros. Discovery said the monthly price of the ad-free version of its Discovery+ streaming service was rising to $8.99 from $6.99, while the cost of its ad-supported platform remains unchanged at $4.99 a month.
Next week, the prices of the ad-free versions of Disney’s streaming platforms—Disney+, Hulu and ESPN+—are officially going up, an increase the company announced during the summer. It marks the second time since last fall that Disney raised prices…
MacDailyNews Take: The more competitors raise prices, the better the price looks Apple’s high-quality, awards-magnet Apple TV+ at a low $6.99/month (and even lower as part of an Apple One plan).
Related
Netflix may be preparing to raise prices
Monday, May 15, 2017
In "News"
Should Netflix be worried about Apple?
Wednesday, March 26, 2014
In "News"
Striking Hollywood actors resume talks with studios following end of writers’ strike
Monday, October 2, 2023
In "News"
https://macdailynews.com/2023/10/03/netflix-plans-to-raise-prices-again-after-end-of-actors-strike/
FEMA will send a test emergency alert to your iPhone in the U.S. on October 4th
Tuesday, October 3, 2023 1:50 pm
FEMA, in coordination with the Federal Communications Commission (FCC), will conduct a national test of the Integrated Public Alert and Warning System (IPAWS) on Oct. 4, 2023.
FEMA, in coordination with the Federal Communications Commission (FCC), will conduct a nationwide test of the Emergency Alert System (EAS) and Wireless Emergency Alerts (WEA) this Wednesday.
The national test will consist of two portions, testing WEA and EAS capabilities. Both tests are scheduled to begin at approximately 2:20 p.m. ET on October 4th.
The WEA portion of the test will be directed to all consumer cell phones. This will be the third nationwide test, but the second test to all cellular devices. The test message will display in either English or in Spanish, depending on the language settings of the wireless handset.
The EAS portion of the test will be sent to radios and televisions. This will be the seventh nationwide EAS test.
FEMA and the FCC are coordinating with EAS participants, wireless providers, emergency managers and other stakeholders in preparation for this national test to minimize confusion and to maximize the public safety value of the test.
The purpose of the Oct. 4 test is to ensure that the systems continue to be effective means of warning the public about emergencies, particularly those on the national level. In case the Oct. 4 test is postponed due to widespread severe weather or other significant events, the back-up testing date is Oct. 11.
The WEA portion of the test will be initiated using FEMA’s Integrated Public Alert and Warning System (IPAWS), a centralized internet-based system administered by FEMA that enables authorities to send authenticated emergency messages to the public through multiple communications networks. The WEA test will be administered via a code sent to cell phones.
This year the EAS message will be disseminated as a Common Alerting Protocol (CAP) message via the Integrated Public Alert and Warning System-Open Platform for Emergency Networks (IPAWS-OPEN).
All wireless phones should receive the message only once. The following can be expected from the nationwide WEA test:
• Beginning at approximately 2:20 p.m. ET, cell towers will broadcast the test for approximately 30 minutes. During this time, WEA-compatible wireless phones that are switched on, within range of an active cell tower, and whose wireless provider participates in WEA, should be capable of receiving the test message.
• For consumers, the message that appears on their phones will read: “THIS IS A TEST of the National Wireless Emergency Alert System. No action is needed.”
• Phones with the main menu set to Spanish will display: “ESTA ES UNA PRUEBA del Sistema Nacional de Alerta de Emergencia. No se necesita acción.”
• WEA alerts are created and sent by authorized federal, state, local, tribal and territorial government agencies through IPAWS to participating wireless providers, which deliver the alerts to compatible handsets in geo-targeted areas. To help ensure that these alerts are accessible to the entire public, including people with disabilities, the alerts are accompanied by a unique tone and vibration.
Important information about the EAS test:
• The EAS portion of the test is scheduled to last approximately one minute and will be conducted with the participation of radio and television broadcasters, cable systems, satellite radio and television providers and wireline video providers.
• The test message will be similar to the regular monthly EAS test messages with which the public is familiar. It will state: “This is a nationwide test of the Emergency Alert System, issued by the Federal Emergency Management Agency, covering the United States from 14:20 to 14:50 hours EDT. This is only a test. No action is required by the public.
MacDailyNews Note: Unlike other Government Alerts (AMBER Alerts, Emergency Alerts, Public Safety Alerts, etc.), this test is not able to be turned off in iOS Settings > Notifications > Government Alerts, so the only way to not receive the test message on your iPhone is to turn it off completely on October 4th between 2:20pm – 2:50pm EDT: Settings > General > Shut Down and drag the on-screen slider to the right.
Related
iPhones and Apple Watches across the U.S. will buzz with first national ‘Presidential Level Alert’ test Wednesday at 2:18pm EDT
Tuesday, October 2, 2018
In "News"
T-Mobile surprises customers with U.S. Presidential Emergency Alert ahead of Nov. 9 test
Friday, November 4, 2011
In "News"
U.S. gov’t mandates special chip in all cellphones; users can’t opt out of presidential messages
Wednesday, May 11, 2011
In "News"
https://macdailynews.com/2023/10/03/fema-will-send-a-test-emergency-alert-to-your-iphone-in-the-u-s-on-october-4th/
Apple eyeing Formula One broadcasts rights worth some $2 billion per year
Monday, October 2, 2023 12:00 pm
According to BusinessF1 magazine, Apple is reportedly bidding for the global broadcasting rights to Formula One which would be worth as much as $2 billion per year, a figure that would be double what the Formula 1 Group is currently receiving from different networks across the world.
Colin Salao for TheStreet:
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The Walt Disney Co. owns the U.S. rights to F1 until 2025. Their deal is worth an estimated $75 to $90 million per year after it was extended last year amid reported bids from Netflix, Amazon, and NBCUniversal.
But F1 Group has deals with some broadcasters that stretch all the way until 2029, such as Sky Sports in the U.K. The differences in the rights deal expirations means that Apple will slowly gain exclusivity of the rights, starting at 25% in the first year of the deal and moving to 100% by the fifth year, according to the same report.
MacDailyNews Take: Hit series and blockbuster movies come and go, but live sports is the eternal differentiator.
Perhaps Cook should consider bidding for and winning NFL Sunday Ticket away from Direct TV, buying rights to Premiere League and La Liga games, etc. and making them Apple TV exclusives. Go directly to the sports leagues with boatlods of cash. Maybe that’ll grease the wheels [with reticent content providers]. It’ll certainly move a bunch of Apple TV boxes around the world in short order. – MacDailyNews, May 6, 2014
See also:
• Brad Pitt films scenes for upcoming Apple TV+ Formula One film at British Grand Prix – July 11, 2023
• Apple TV+ announces new feature documentary about Formula One champion Lewis Hamilton – March 10, 2022
Related
Apple looking to buy Formula 1?
Thursday, July 14, 2016
In "News"
Apple reveals first look at Brad Pitt’s Formula One film
Thursday, July 6, 2023
In "News"
Brad Pitt films scenes for upcoming Apple TV+ Formula One film at British Grand Prix
Tuesday, July 11, 2023
In "News"
https://macdailynews.com/2023/10/02/apple-eyeing-formula-1-broadcasts-rights-worth-some-2-billion-per-year/
A full-blown Apple search engine may be closer than you think
Monday, October 2, 2023 10:59 am
A full-blown Apple search engine to compete with Alphabet subsidiary Google may be closer than you think, Mark Gurman writes for Bloomberg News.
Mark Gurman for Bloomberg News:
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Apple has the wherewithal to launch its own search engine, a replacement for Google… For years, Apple Inc. pondered building a search engine that could replace Google as the preferred option on its devices…
Right now, Apple gets a cut of Google’s search ad revenue, a commission that has brought in roughly $8 billion annually in recent years. But imagine if Apple could keep more of that money… Apple knows this. That’s one reason why it’s been tinkering with search technology for years… Google may be dominant in search, but the company still needs Apple and its billions of users.
If the US determines that Google has violated antitrust law, the company’s deal with Apple could be broken up…
Apple already designs its own chips, operates an App Store, sells music online, offers video and gaming services, and has an in-house maps app that competes with Google.
The only thing missing is a full-blown Apple search engine. And while one won’t be launched anytime soon, it may be closer than you think.
?
MacDailyNews Take: Not until Apple’s hand is forced. Tons of easy money from Alphabet looks to be too hard for Apple to pass up voluntarily.
Related
Is Apple preparing to take $8 billion from Google?
Friday, November 20, 2015
In "News"
Why Apple replaced Microsoft’s Bing with Google search for Siri and Spotlight
Thursday, September 28, 2017
In "News"
Alphabet to push Google Assistant to iPhone as standalone app via Apple’s App Store
Tuesday, May 16, 2017
In "News"
https://macdailynews.com/2023/10/02/a-full-blown-apple-search-engine-may-be-closer-than-you-think/
French authorities approve Apple’s iPhone 12 software update
Friday, September 29, 2023 1:07 pm
French authorities said on Friday they had approved Apple’s software update of its iPhone 12 after a row over radiation levels of the device, which led France to suspend sales of the phones earlier this month.
Reuters:
Apple pledged to update the software to defuse a row over radiation levels from iPhone 12 handsets, after France suspended sales of the phones earlier this month following tests it said found breaches of radiation exposure limits.
Apple had earlier contested the French findings, saying the iPhone 12 was certified by multiple international bodies as compliant with global standards, but said on Sept. 15 it would issue a software update to accommodate the testing methods used in France.
The radiation warning in France was based on results of tests that differ from those carried out in other countries.
Industry experts said there were no safety risks as regulatory limits, based on the risk of burns or heatstroke from the phone’s radiation, were set well below levels where scientists have found evidence of harm.
Apple launched the iPhone 15 earlier this month and the iPhone 12 is not available to buy from Apple directly. It can, however, be bought from third parties that have inventory, or trade old phones.
MacDailyNews Take: When your iPhone 12 doesn’t connect to cell towers in France and whatever other EU vassal states join this misguided farce, blame French government doofuses, not Apple.
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Apple no longer sells the iPhone 12, including in France [although some third parties still do sell used units], which was released nearly four years ago on October 23, 2020 and discontinued on September 12, 2023.
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Ah, the wondrous expediency of government bureaucrats. – MacDailyNews, September 13, 2023
https://macdailynews.com/2023/09/29/french-authorities-approve-apples-iphone-12-software-update/
Beleaguered Epic Games lays off 870 employees
Thursday, September 28, 2023 12:40 pm
Beleaguered Epic Games, peddler of the “Fortnite” video game, is laying off 870 employees, Bloomberg News reports citing “people familiar with the matter.”
Jason Schreier for Bloomberg News:
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The job cuts, which affect about 16% of its workforce, were announced in a memo to staff, said the people, who asked not to be named disclosing information that’s not yet public.
Employees who were affected by the job cuts will receive six months of severance and health insurance, as well as accelerated stock vesting.
Chief Executive Officer Tim Sweeney owns the majority of shares while the Chinese conglomerate Tencent Holdings Ltd. has a 40% stake.
?
MacDailyNews Take: Epically karmic.
Epic Games should be a lesson in business schools worldwide. They created a hugely successful game, “Fortnite,” and then its Chief Executive Moron Tim Sweeney decided his next genius move would be to burn untold amounts on litigation and bad PR campaigns in a failed crusade get all of the benefits of Apple’s App Store for free. That money wasted on lawyers and laughable ads could, and should, have been invested in growing the business, promoting “Fortnite,” paying employees, etc.
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Now Epic Games employees reap what Tim Sweeney hubristically sowed.
https://macdailynews.com/2023/09/28/beleaguered-epic-games-lays-off-870-employees/
Apple petitions U.S. Supreme Court to strike down Epic’s only minor win
Thursday, September 28, 2023 12:30 pm
Apple on Thursday petitioned the U.S. Supreme Court to strike down an order requiring Apple allow software developers to tell customers about alternative payment methods in its App Store the only “win,” however minor, in an antitrust case brought by beleaguered Fortnite-peddler Epic Games.
Stephen Nellis for Reuters:
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The iPhone maker has been in a legal battle with Epic since 2020, when the gaming firm alleged that Apple’s practice of charging up to 30% commissions on in-app payments on iPhones and other devices violated U.S. antitrust rules. Epic lost on those claims at trial in 2021, but a U.S. District Court judge ruled that Apple’s practice of banning software developers from telling customers about alternative payment methods violated a California unfair competition law.
After the ruling, the trial court judge ordered that Apple must change those rules for all developers in its U.S. App Store. The U.S. Ninth Circuit Court of Appeal upheld the orders, though they remain on hold until the Supreme Court either makes a decision or declines to hear the case.
Apple on Thursday argued the lower court orders violate the U.S. Constitution because they overstep the powers of a federal judge.
MacDailyNews Take: The lower court orders are also just plain stupid. So, there’s that.
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Hopefully, SCOTUS will [eventually] correct the 9th Circuit judge’s foolishness which is akin to a judge issuing an injunction that forces Best Buy and Target to place signs next to each product that advertise lower prices for the same items at Walmart.
?
Regardless, even if the Supreme Court ultimately rules against Apple, if developers like Epic Games want to advertise lower prices using Apple’s App Store, Apple should simply begin charging an “In-Store Advertising” fee, because that’s exactly what it would be. – MacDailyNews, July 27, 2023
Related
Epic Games asks U.S. Supreme Court to review Apple App Store ruling
Wednesday, September 27, 2023
In "News"
Apple to ask U.S. Supreme Court to quash App Store order in Epic Games case
Wednesday, July 5, 2023
In "News"
Epic Games asks U.S. Supreme Court let Apple App Store order take effect
Thursday, July 27, 2023
In "News"
https://macdailynews.com/2023/09/28/apple-petitions-u-s-supreme-court-to-strike-down-epics-only-minor-win/
Coinbase CEO slams Chase UK for ‘totally inappropriate’ crypto move
HELEN PARTZ
SEP 27, 2023
Coinbase CEO Brian Armstrong has been actively pursuing the exchange’s expansion ambitions in the United Kingdom amid mounting legal issues in the United States.
Brian Armstrong, CEO of major United States-based cryptocurrency exchange Coinbase, has condemned the decision of JPMorgan’s subsidiary Chase UK to restrict crypto-related transactions.
Armstrong took to X (formerly Twitter) on Sept. 26 to slam Chase Bank for its “totally inappropriate” move to ban its customers in the United Kingdom from making any debit card or wire transfers related to crypto transactions.
“U.K. crypto holders should close their accounts if this is how they’re going to be treated,” Armstrong wrote. The CEO also urged U.K. officials — including U.K. Prime Minister Rishi Sunak and U.K. Economic Secretary Andrew Griffith — to check whether Chase UK’s actions respect the country’s policy goals.
Armstrong expressed hope that Chase UK might change its decision after the officials look into the situation, stating:
“Really hoping there is more to this story than meets the eye, and that this does not reflect Chase UK’s actual view.”
On Sept. 26, Chase UK officially confirmed to Cointelegraph that the company decided to ban its customers from making any crypto-related transactions, citing a high level of fraud in crypto.
“Customers will receive a declined transaction notification if they do attempt to make a crypto-related transaction,” the bank said in a statement.
Related: SEC raises concerns over Coinbase in objection to Celsius restructuring plan
According to Coinbase’s official website, the U.K. is among the regions supported by the platform, alongside the U.S., Europe and Canada. The exchange has been actively pursuing its expansion ambitions in the United Kingdom. In April 2023, Coinbase stated that the firm was working “seriously” in the U.K. and Europe.
While pushing aggressive expansion in the U.K. and Europe, Coinbase has been facing legal issues at home. In June 2023, the U.S. Securities and Exchange Commission filed a lawsuit against Coinbase, alleging that the exchange had violated securities laws.
https://cointelegraph.com/news/coinbase-ceo-slams-chase-uk-for-totally-inappropriate-crypto-move
<Survey on security awareness in companies>
62.7% of people in the information systems department are concerned about security risks for frontline employees
Jasmy Co., Ltd.
September 28, 2023 13:00
3
~One in three people said they had viewed or said confidential information outside the office when taking their device with them~
Jasmy Co., Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director: Kazumasa Sato; hereinafter referred to as Jasmy), which provides platforms and solutions for IoT, has 319 general employees working at companies across the country and is responsible for the information systems department responsible for security measures. We conducted a ``Survey on Corporate Security Awareness'' with a total of 426 people, including 107 people. In recent years, information leaks have become a problem in companies due to unauthorized access from outside, system malfunctions, and theft of information from within the company.We aimed to understand the current state of security awareness among companies' information system departments and general employees. We conducted an investigation and will report on the following. [Press release is much longer and very interesting, please click on link below; if interested]...
https://prtimes.jp/main/html/rd/p/000000056.000025296.html
Crypto this Tuesday: Chase UK Bans Crypto Transactions, Coinbase Registers with Bank of Spain, and more
September 26 2023 - 02:30PM
IH Market News
https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/92129514/crypto-this-tuesday-chase-uk-bans-crypto-transact
In a win for Apple, India loosens planned restrictions on MacBook, iPad imports
Monday, September 25, 2023 3:15 pm
In a win for Apple, HP, and others, India is loosening its planned restrictions on imports of laptops, tablets and other IT hardware, giving manufacturers more time to prepare for potential curbs.
Sankalp Phartiyal for Bloomberg News:
The South Asian country is doing away with a compulsory licensing requirement for tech importers, and will instead only ask such companies to register under its so-called import management system, people familiar with the policy said. The system will start operating on Nov. 1, they said, asking not to be named as the matter isn’t public.
India is seeking to boost local production while trying to ensure sufficient availability of consumer electronics. The federal government last month shocked companies such as Apple and Samsung Electronics Co. as it announced a plan to curb laptop and tablet imports without a suddenly required license. A day later India’s trade regulator delayed the move by three months.
As part of the latest plan… the new rules won’t limit inbound shipments for about six to nine months, the people said.
A quota on imports could gradually kick in as companies begin to manufacture laptops, tablets and other hardware locally. The size of each company’s quota will depend on its local production, import of IT hardware as well as export of such products from India, the people said.
The planned new rules don’t apply to smartphones.
MacDailyNews Take: Giving companies some time to adjust before this plan kicks in should have been in place from its inception.
Apple is all in on India and we can see the company being granted exemptions or expedited licensing given that the company’s current push to diversify beyond China strongly involves significant manufacturing and assembly investments in India by Apple and their assemblers. – MacDailynews, August 8, 2023
Related
India mandates licensing for MacBook, iPad, other laptop, tablet imports in ‘Make in India’ push
Thursday, August 3, 2023
In "News"
Apple still mulling over its plans for India retail stores
Friday, August 12, 2016
In "News"
Apple halts MacBook, iPad imports into India after sudden licensing demand
Friday, August 4, 2023
In "News"
https://macdailynews.com/2023/09/25/in-a-win-for-apple-india-loosens-planned-restrictions-on-macbook-ipad-imports/
Apple assembler Pegatron halts iPhone assembly at India factory after fire
Monday, September 25, 2023 9:09 am
Apple assembler Pegatron temporarily halted its iPhone line at its facility in south India on Monday after a fire on Sunday night, Reuters reports citing “three sources familiar with the matter.”
Reuters:
The Taiwanese firm has called off all shifts for the day at the factory near the city of Chennai in Tamil Nadu state, and is yet to inform assembly workers whether the facility will function on Tuesday, two of the sources added.
Pegatron told Reuters in a statement that “there was a spark incident” at the facility that is currently under control, and the incident “does not have significant financial or operational impact” for the company.
While the facility has a production capacity of about 26,000 iPhones per day, it has been assembling about 8,000-12,000 iPhones per day in recent months, an industry source said.
A local official with the emergency responses department said multiple fire engines from various stations had to be brought in to douse the fire, taking nearly five hours.
“There are no injuries, no casualties, nor damage to other assets. The cause of (the) accident is currently under investigations by (the) relevant authority,” Pegatron said.
MacDailyNews Take: The good news is that the police source told Reuters that it was a “minor incident,” so hopefully it can get cleaned up and production can resume ASAP.
Related
Apple supplier Pegatron boosts China workforce by 40 percent ahead of next-gen iPhone models
Thursday, May 9, 2013
In "News"
Hon Hai, Pegatron on China hiring spree for next-gen iPhone assembly jobs
Monday, June 23, 2014
In "News"
Apple medical experts say Pegatron factory death unrelated to working conditions
Thursday, December 12, 2013
In "News"
https://macdailynews.com/2023/09/25/apple-assembler-pegatron-halts-iphone-assembly-at-india-factory-after-fire/
Woman gets stuck in outhouse toilet attempting to retrieve her Apple Watch
Thursday, September 21, 2023 2:27 pm
On Tuesday, September 19, 2023, at approximately 11:00 a.m. first responders were called to the Michigan Department of Natural Resources (DNR) boat launch at Dixon Lake for a woman stuck inside the outhouse toilet. The woman was heard yelling for help and told first responders she had dropped her Apple Watch in the toilet. She then lowered herself inside the toilet to retrieve it and could not get out.
Conservation Officers from the DNR, troopers from the Michigan State Police (MSP) Gaylord Post, and Otsego County EMS responded to the scene. The toilet was removed, and a strap was used to hoist the woman out to safety.
The woman did retrieve her Apple Watch.
The Michigan State Police remind everyone, “If you lose an item in an outhouse toilet, do not attempt to venture inside the containment area. Serious injury may occur.”
MacDailyNews Take: Even if it was a brand new Ultra 2, now it’s just a crappy Apple Watch.
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MacDailyNews Note: The Apple Support document, “How to clean your Apple Watch,” is here.
https://macdailynews.com/2023/09/21/woman-gets-stuck-in-outhouse-toilet-attempting-to-retrieve-her-apple-watch/#respond
Apple’s homegrown modem project is a spectacular failure – so far
Thursday, September 21, 2023 10:34 am
Insanely great, Apple’s multi-year project to build its own modem is not; other than at incinerating untold billions of dollars, that is.
Aaron Tilley and Yang Jie for The Wall Street Journal:
The 2018 marching orders from Apple increase; green up pointing triangle Chief Executive Tim Cook to design and build a modem chip—a part that connects iPhones to wireless carriers—led to the hiring of thousands of engineers. The goal was to sever Apple’s grudging dependence on Qualcomm, a longtime chip supplier that dominates the modem market.
The obstacles to finishing the chip were largely of Apple’s own making, according to former company engineers and executives familiar with the project… Apple executives who didn’t have experience with wireless chips set tight timelines that weren’t realistic, former project engineers said.
Apple had planned to have its modem chip ready to use in the new iPhone models. But tests late last year found the chip was too slow and prone to overheating. Its circuit board was so big it would take up half an iPhone, making it unusable… Executives better understood the challenge after Apple tested its prototypes late last year. The results weren’t good, according to people familiar with the tests. The chips were essentially three years behind Qualcomm’s best modem chip.
Investors had counted on Apple saving money with an in-house chip to help compensate for weak demand in the larger smartphone market. Apple — which hasn’t publicly acknowledged its modem project, much less its shortcomings — is estimated to have paid more than $7.2 billion to Qualcomm last year for the chips…
MacDailyNews Take: And so the bloodsucking Qualcomm extortionists keep on extorting, but, eventually, someday, Apple will get there. The company certainly has the money and the will and, now – maybe – a clearer idea, focused by failure, of what it will take to finally achieve the goal.
See also:
• Why can’t Apple manage to make its own modems? – September 11, 2023
• Qualcomm to supply Apple with 5G modems through 2026 – September 11, 2023
https://macdailynews.com/2023/09/21/apples-homegrown-modem-project-is-a-spectacular-failure-so-far/
Apple planned a stock-trading service, but paused launch as markets slumped
Wednesday, September 20, 2023 9:29 am
Apple was prepping a new iPhone feature that would let users buy and sell stocks in partnership with Goldman Sachs, but Apple decided the timing wasn’t right as markets slumped and put the plan on pause, status unknown, CNBC reports citing “three sources familiar with the plans.”
Kate Rooney and Hugh Son for CNBC:
Apple was working on the investing feature at a time of zero interest rates during Covid, when consumers were stuck at home and spending more of their time and their record savings in trading shares, including meme stocks like GameStop and AMC, from their smartphones.
Apple’s conversations with Goldman began during that hype cycle in 2020, two sources said. Their work progressed, and an Apple investing feature was meant to roll out in 2022. One hypothetical use case pitched by executives involved the ability for iPhone users with extra cash to put money into Apple shares, one person said.
But as markets were roiled by higher rates and soaring inflation, the Apple team feared user backlash if people lost money in the stock market with the assistance of an Apple product, the sources said. That’s when the iPhone maker and Goldman switched directions and pushed the plan to launch savings accounts, which benefit from higher rates.
The status of the stock-trading project is unclear after Goldman CEO David Solomon bowed to internal and external pressure and decided to retrench from nearly all of the bank’s consumer efforts. One source said the infrastructure for an investing feature is mostly built and ready to go should Apple eventually decide to move forward with it.
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MacDailyNews Take: This would be built right into Apple’s Stocks app, we assume, and work not just on iPhone, but also iPad, Mac, and maybe even Apple Watch (Apple’s Stocks app currently exists for all four platforms). If Apple moves forward, it’ll be bad news for Robinhood, TD Ameritrade, E-Trade, etc.
https://macdailynews.com/2023/09/20/apple-planned-a-stock-trading-service-but-paused-launch-as-markets-slumped/
Apple Retail France workers call strike ahead of iPhone 15 launch
Wednesday, September 20, 2023 9:03 am
Four unions representing Apple retail stores in France have called for a strike on Friday and Saturday ahead of the iPhone 15 launch, demanding better pay and working conditions.
Geert De Clercq for Reuters:
“Management having decided to ignore our perfectly legitimate demands and concerns, the four unions of Apple Retail France …call for a strike on Sept. 22 and 23,” CGT Apple Retail said in a union front statement on social media platform X on Wednesday.
The unions also called for workers to demonstrate on Friday morning at the Paris Opera Garnier, which is next to one of Apple’s flagship stores in Paris.
CGT Apple Retail union member Karine Chouchane told French daily Liberation that Apple France workers may mobilise in three quarters of Apple’s stores in France.
MacDailyNews Take: The strike is expected to affect the majority of the 20 Apple Stores in France.
“The aim is not to blockade the shops, but to make people, both management and the general public, aware of the problem,” Albin Voulfow, CFDT union delegate for Apple Retail France, told AFP. He added that he expects customers to experience a “trickle-down effect” over the two-day strike.
The unions are demanding a 7% pay rise while Apple is proposing 4.5% on average. Workers at Apple Retail Stores are already among the most highly compensated retail workers in France, according to Glassdoor.
https://macdailynews.com/2023/09/20/apple-retail-france-workers-call-strike-ahead-of-iphone-15-launch/
I think the majority of those that post on this SHIB message board and actually own a substantial and growing amount of SHIB would also love to see that $0.9 price! My target price is much, much lower, but I did more than double my ownership of SHIB recently. I would also love to see that price for JASMY, which at one time hit over $4.00 or for my investment in XRP. Anyway, thank you for all the articles that you find & share here...
Coinbase CEO champions DeFi, calls for court action to set legal precedent
AMAKA NWAOKOCHA
SEP 14, 2023
Coinbase CEO Brian Armstrong cautioned the United States Commodities and Futures Trading Commission to avoid taking enforcement actions against DeFi protocols.
Coinbase CEO Brian Armstrong has expressed his endorsement of decentralized finance (DeFi) protocols. In a recent social media post, Armstrong urged DeFi protocols to consider legal proceedings in court to set a precedent, as the legal system has consistently demonstrated its dedication to upholding the rule of law. The current approach is mainly pushing a crucial industry toward overseas jurisdictions, he said.
According to his post on X (formerly Twitter), the United States Commodities and Futures Trading Commission should avoid taking enforcement actions against DeFi protocols, as they do not function as conventional financial service businesses, and it’s questionable whether the Commodity Exchange Act is even applicable to them.
Brian Armstrong 🛡️
@brian_armstrong
The CFTC should not be creating enforcement actions against decentralized (DeFi) protocols. These are not financial service businesses, and it’s highly unlikely the Commodity Exchange Act even applies to them.
My hope is these DeFi protocols take these cases to court to establish precedent. The courts have proven to be very willing to uphold rule of law.
The only thing this is accomplishing is to push an important industry offshore.
In the previous week, the U.S. CFTC took action against three DeFi companies for engaging in alleged unauthorized trading of cryptocurrency derivatives. According to the regulator, these platforms enabled the illicit trading of crypto derivatives without the necessary registration.
In addition to Armstrong, certain legislators have also shown their support for DeFi protocols. CFTC Commissioner Summer Mersinger underscored the importance of the CFTC concentrating on establishing transparent regulations for DeFi rather than swiftly resorting to enforcement measures. She voiced her apprehension that the commission appears to be leaning toward enforcement actions, whereas she believes that engaging with the public and setting clear guidelines should be the primary focus.
The U.S. CFTC recently achieved a legal triumph in a case against Ooki DAO for operating an illicit trading platform and contravening other regulatory guidelines. In June 2023, a federal judge similarly ruled in favor of the CFTC, resulting in the closure of Ooki DAO and the imposition of a fine exceeding $600,000.
In recent months, cryptocurrency companies have encountered increased scrutiny from U.S. regulatory authorities. Notably, regulatory bodies such as the U.S. Securities and Exchange Commission have initiated investigations into major players, such as Coinbase and Binance.
https://cointelegraph.com/news/coinbase-ceo-champions-de-fi-urges-court-action-to-set-legal-precedent
FTX founder’s parents sued, accused of stealing millions from crypto exchange
HELEN PARTZ
11 HOURS AGO
According to the allegations, Sam Bankman-Fried’s father, Joseph Bankman, was a “de facto officer” at FTX Group.
Debtors of the bankrupt cryptocurrency exchange FTX have launched legal action against the parents of FTX founder Sam “SBF” Bankman-Fried, alleging that they misappropriated millions of dollars through their involvement in the exchange’s business.
The counsel for FTX debtors and debtors-in-possession, represented by the law firm Sullivan & Cromwell, filed a lawsuit against SBF’s parents, Joseph Bankman and Barbara Fried, on Sept. 18.
The plaintiffs argued that Bankman and Fried exploited their access and influence within the FTX empire to enrich themselves at the expense of the debtors in the FTX bankruptcy estate. The debtors alleged that SBF’s parents were “very much involved” in the FTX business from inception to collapse, contrary to what SBF has claimed.
“As early as 2018, Bankman described Alameda as a ‘family business’ — a phrase he repeatedly used to refer to the FTX Group. Even as the FTX Group descended into insolvency, Bankman and Fried profited handsomely from this ‘family business,’” the complaint reads.
According to the plaintiffs, SBF’s father, a Stanford Law School professor, had broad authority to make decisions for FTX Group as its “de facto officer.” Bankman also held executive positions on FTX Group’s management team, the debtors argued.
SBF’s mother, also a Stanford Law School professor, was actively involved in FTX’s political donations, the plaintiffs wrote. According to the allegations, Fried served as the “single most influential advisor” in FTX Group’s political contributions, repeatedly calling upon FTX to donate millions directly to Mind the Gap (MTG), a political action committee that she co-founded.
According to the complaint, Bankman and Fried extracted significant unearned rewards from their involvement in FTX Group, including a $10-million cash gift and a $16.4-million luxury property in the Bahamas. Bankman also siphoned off FTX Group’s money to cover costs, including privately chartered jets and $1,200-per-night hotel stays, the plaintiffs alleged.
By draining FTX Group’s funds to their benefit, Bankman and Fried either knew or ignored red flags revealing that their son was orchestrating a fraudulent scheme to promote their personal and charitable interests at the debtors’ cost, the plaintiffs said. The debtors called on the court to hold Bankman and Fried accountable for their misconduct and recover assets for the debtors’ creditors, stating:
“Award plaintiffs punitive damages in an amount to be determined at trial resulting from defendants’ conscious, willful, wanton, and malicious conduct, which exhibits a reckless disregard for the interests of plaintiffs and their creditors.”
Bankman and Fried's counsels Sean Hecker and Michael Tremonte subsequently described the lawsuit as an attempt to "undermine the jury process just days before their child’s trial begins" in a joint statement to Cointelegraph. They wrote:
"These claims are completely false. Mr. Ray and his massive team of lawyers, who are collectively running up countless millions of dollars in fees while returning relatively little to FTX clients, know better."
As previously reported, Bankman and Fried began facing professional issues at Stanford Law School soon after FTX collapsed. In late 2022, SBF’s parents also reportedly told friends that their son’s legal bills would likely wipe them out financially.
Once a major cryptocurrency exchange, FTX stopped operating and filed for Chapter 11 bankruptcy in mid-November 2022. FTX founder and former CEO SBF was subsequently arrested and charged with 13 counts, including fraud, money laundering and bribing officials. SBF’s first of two trials is scheduled to start on Oct. 3, where he will face seven charges related to fraudulent activities involving user funds at FTX and Alameda Research.
https://cointelegraph.com/news/ftx-founder-parents-sued-accused-stole-millions
Major U.S. carriers offer hefty Apple iPhone 15 launch promos to woo subscribers
Tuesday, September 19, 2023 3:13 pm
Major U.S. wireless carriers, including AT&T, T-Mobile, and Verizon, are offering substantial iPhone 15 promotions for customers, with variations based on the provider and the customer’s status (new or premium subscribers) in an attempt to woo new subscribers and minimize churn.
Investing.com:
Craig Moffett, founder of MoffettNathanson, noted that this year’s iPhone promotions are the most generous to date. The top three carriers are offering free iPhone 15 Pro devices or discounts up to $1,000.
AT&T has increased its promotional values for both new and existing customers upgrading their devices compared to last year. In contrast, while Verizon has increased promotional values for those switching to their service, they have decreased benefits for existing customers upgrading their devices.
T-Mobile’s promotional values for customers switching or upgrading their services are 9% lower than last year. This reduction suggests T-Mobile’s confidence in gaining customers without excessive giveaways. On the other hand, AT&T is offering 8% higher promotions for similar customers…
MacDailyNews Take: As always, its a dogfight among carriers to attract and keep the best customers, iPhone users.
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https://macdailynews.com/2023/09/19/major-u-s-carriers-offer-hefty-apple-iphone-15-launch-promos-to-woo-subscribers/
Apple poised for growth this holiday season
Monday, September 18, 2023 10:09 am
Apple is poised for growth this holiday season with its new iPhone 15 lineup, Apple Watch Series 9, and Apple Watch Ultra 2.
Mark Gurman for Bloomberg News:
Apple Inc. is poised for growth this holiday season, marking what could be its first sales increase in four quarters. But that’s less because of a can’t-miss product lineup and more because of an improved supply chain and favorable comparison with last year’s slow shopping season.
Assuming the iPhone maker doesn’t hit supply disruptions like it did last fall — or run into serious sales issues in China — the company should have an easy path to clearing the $117.2 billion it rang up last holiday season. As of now, Wall Street expects Apple to generate revenue of about $123.5 billion, up roughly 5%.
The clear highlight is the iPhone 15 Pro and Pro Max. The devices are a significant upgrade, with slimmer bezels, better cameras and an A17 Pro chip that will improve the gaming experience. But the biggest news is the titanium design, which is a vast improvement in durability and weight.
When it comes to iPhones, consumers are superficial: It’s a new look that often sells them on the latest model. So I believe the titanium shift is what will drive sales this fall (and preorders are already suggesting there’s strong demand).
MacDailyNews Take: What does Wall Street love best? Growth.
https://macdailynews.com/2023/09/18/apple-poised-for-growth-this-holiday-season/
Apple’s latest Transparency Report adds U.S. government geofence requests
Friday, September 15, 2023 5:01 pm
Apple on Friday shared a new “Transparency Report: Government and Private Party Requests” document providing information on customer data requests that the company received from the U.S. government in the first half of 2022.
Joe Rossignol for MacRumors:
For the first time ever, Apple has reported the total number of “geofence requests” that it received from the U.S. government. These requests are meant to include specific latitude and longitudes coordinates for a specified time period, but Apple does not collect this information as part of its commitment to customer privacy, and therefore does not provide it to law enforcement, while fully respecting the legal process.
Apple via its “Transparency Report: Government and Private Party Requests” document:
Apple may also receive requests from government agencies seeking customer data related to specific latitude and longitudes coordinates (geofence) for a specified time period. Apple does not have any data to provide in response to geofence requests.
MacDailyNews Take: Read Apple’s full “Transparency Report,” which provides information regarding requests Apple received from government agencies worldwide and U.S. private parties from January 1 through June 30, 2022, here.
https://macdailynews.com/2023/09/15/apples-latest-transparency-report-adds-u-s-government-geofence-requests/
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Some interesting reading IMO:
https://www.reddit.com/r/JasmyToken/comments/169i39g/i_think_the_whitepaper_actually_explains_the/
Major Apple supplier TSMC to invest up to $100 million in Arm Holdings’ IPO
Tuesday, September 12, 2023 9:12 am
Major Apple supplier Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, will invest up to $100 million in chip designer Arm Holdings Plc’s initial public share offering (IPO), it said on Tuesday.
Reuters:
SoftBank Group’s Arm Holdings, which launched the roadshow last week, aims to raise up to $4.87 billion in its U.S. IPO, according to a regulatory filing.
Arm has already signed up other major clients as cornerstone investors in its IPO, including Apple, Nvidia, Alphabet, Advanced Micro Devices, Intel, and Samsung Electronics.
TSMC’s Chairman Mark Liu said last week that “Arm is an important element of our ecosystem, our technology and our customers’ ecosystem. We want it to be successful, we want it to be healthy. That’s the bottom line.”
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MacDailyNews Take: There’s safety in numbers.
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https://macdailynews.com/2023/09/12/major-apple-supplier-tsmc-to-invest-up-to-100-million-in-arm-holdings-ipo/
Apple’s Made-in-Arizona chips will still require packaging in Taiwan
Monday, September 11, 2023 4:10 pm
Apple’s chip fabricator TSMC is building an Arizona facility that’s been pitched as lessening reliance on foreign chipmaking facilities — specifically those in Taiwan, which has been under threat of a blockade or even takeover by China.
In December last year, Apple CEO Tim Cook traveled to Phoenix, Arizona to visit a highly touted multi-billion-dollar factory TSMC was constructing and said the facility would produce chips for the company.
Wayne Ma for The Information:
But Cook avoided speaking an uncomfortable truth: The Arizona factory—which has been a focal point of the Biden plan and will cost $40 billion to build—will do little to make the U.S. self-reliant in chips. That’s because many advanced chips made in Arizona for Apple or other customers such as Nvidia, AMD and Tesla will still require assembly in Taiwan in a process known as packaging, according to interviews with multiple TSMC engineers and former Apple employees.
TSMC has no plans to build a packaging facility in Arizona or elsewhere in the U.S., mainly due to the high costs associated with such a project, the TSMC employees said.“The TSMC Arizona fab is effectively a paperweight in any geopolitical tension or war [with China over Taiwan] due to the fact that it still requires sending the chips back to Taiwan for packaging,” said Dylan Patel, chief analyst at SemiAnalysis, a semiconductor research firm.
The revelation shows how TSMC’s Arizona facility — which will employ 4,500 people across two factories when it begins mass production in 2025 — may serve to score political points but doesn’t reduce America’s reliance on Taiwan.
“The TSMC Arizona fab is effectively a paperweight in any geopolitical tension or war [with China over Taiwan] due to the fact that it still requires sending the chips back to Taiwan for packaging,” said Dylan Patel, chief analyst at SemiAnalysis, a semiconductor research firm.
MacDailyNews Take: If the urgent need arises for packaging outside of Taiwan, there’s no better partner for TSMC to have than Apple when costs are high.
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TSMC plans up to five additional chip fabs for Arizona
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https://macdailynews.com/2023/09/11/apples-made-in-arizona-chips-will-still-require-packaging-in-taiwan/
Apple disputes French claims, says discontinued iPhone 12 meets radiation rules
Wednesday, September 13, 2023 2:38 pm
The National Frequency Agency (ANFR) is demanding that Apple withdraw the iPhone 12 from the French market as of September 12, 2023, due to what it claims is an excessive specific absorption rate (SAR) limit observed on this model. Apple disputes France’s claims.
athieu Rosemain and Elizabeth Pineau for Reuters:
Apple defended its iPhone 12 model on Wednesday after a French watchdog ordered a halt to its sales citing breaches of European Union radiation exposure limits.
Apple said in a statement the iPhone 12, launched in 2020, was certified by multiple international bodies as compliant with global radiation standards, that it had provided several Apple and third-party lab results proving the phone’s compliance to the French agency, and that it was contesting its findings.
Researchers have conducted a vast number of studies over the last two decades to assess health risks resulting from mobile phones… Industry experts said there were no safety risks as regulatory limits on SAR were set well below levels where scientists have found evidence of harm.
“From a health and safety point of view, it is not as if this is putting anyone at risk,” said Professor Rodney Croft, the chair of the International Commission on Non-Ionizing Radiation Protection (ICNIRP), which sets global guidelines on the SAR limits.
MacDailyNews Take: ANFR assesses radiation with a method that assumes direct skin contact, without any clothing layer, unlike virtually every reputable regulator around the world.
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https://macdailynews.com/2023/09/13/apple-disputes-french-claims-says-discontinued-iphone-12-meets-radiation-rules/
What to expect from Apple’s September 12th ‘Wonderlust’ event
Friday, September 8, 2023 8:49 am
Apple’s special media event, headlined “Wonderlust,” gets underway next Tuesday, September 12th, at 10am PDT / 1pm EDT where it will introduce the all-new iPhone 15 and Apple Watch lineups along with the latest AirPods.
Mark Gurman for Bloomberg News:
Keeping with its usual pattern from the past few years, Apple is planning to debut four models: the iPhone 15, 15 Plus, 15 Pro and what will be called the 15 Pro Max (not Ultra as some have speculated).
The iPhone 15 and 15 Plus will continue to use 6.1-inch and 6.7-inch displays, but the screens on the iPhone 15 Pro and Pro Max will appear ever so slightly larger. The look is part of a noteworthy change to the pro models: Borders around the screen will be about one-third thinner.
The higher-end phones will have a performance edge, keeping with Apple’s approach in recent years. This year’s Pro models will get a faster A17 chip built on the new 3-nanometer production process and additional memory. The processor will make those models snappier, but the biggest enhancements are the battery life savings.
The four new models will also switch from Lightning to USB-C for wired charging and data transfers, but increased transfer speeds will be reserved only for the Pro models. All of the phones will gain faster wireless charging.
The Pro phones will replace the ring/mute switch for the first time since the feature launched with the original iPhone in 2007. The switch is becoming an “Action Button” that can be customized to handle a variety of functions…
The big focus for the Apple Watch this year will be performance, with the company planning to heavily tout major gains in processing speed.
MacDailyNews Take: As for iPhone colors, the aluminum and glass iPhone 15/Plus are said to be offered in pink, black, white, blue, and yellow, while the titanium and glass iPhone 15 Pro/Max will come in rich shades of gray, black, dark blue, and white.
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Much more in the full article here.
https://macdailynews.com/2023/09/08/what-to-expect-from-apples-september-12th-wonderlust-event/
Apple warned by Consumer Financial Protection Bureau on Apple Pay
Thursday, September 7, 2023 5:33 pm
The U.S. Consumer Financial Protection Bureau has warned tech giants about being overly restrictive in access to payments apps, taking an explicit shot at Apple’s Apple Pay.
Because Apple and Alphabet Inc.’s Google Pay dominate the mobile-device tap-to-pay market, the constraints they impose on app developers’ ability to use the technology could inhibit consumer choice, the Consumer Financial Protection Bureau said. Apple requires iOS device users to turn to Apple Pay for tap-to-pay transactions, barring direct integration with apps such as Venmo, while Google’s Android operating system does not, but the concern is that Google “could reverse this position in the future,” the bureau said.
“The CFPB will continue to work with these entities and take appropriate steps to ensure that Big Tech companies do not impede the development of open ecosystems for digital payments,” the agency said in a report published Thursday.
“Any frictions either company imposes on access to essential hardware or software could impede the shift towards open banking and, ultimately, negatively impact consumers — e.g., by reducing competition, innovation, choice and ease of access,” the CFPB said in its report.
MacDailyNews Take: The U.S. Supreme Court decided in March to hear a case that will consider the constitutionality of funding for the Consumer Financial Protection Bureau (which is yet another prime example of meddling federal government overreach that currently wields too much unchecked power) and, in doing so, test the constraints of the CFPB regulators’ abilities to bury burgeoning markets under reams of red tape. The case will be heard this fall, with a decision likely by summer 2024.
https://macdailynews.com/2023/09/07/apple-warned-by-consumer-financial-protection-bureau-on-apple-pay/
Apple said to be spending ‘millions of dollars a day’ on generative AI to supercharge Siri
Thursday, September 7, 2023 9:39 am
According to a report from The Information, Apple is spending “millions of dollars a day” on a generative AI.
Cecily Mauran for Mashable:
The company has been coy about even mentioning AI, but reporting from Bloomberg in July revealed “Apple GPT,” its own large language model, that was being used internally…
According to the report, multiple teams are focused on AI, and there’s a 16-member unit called “Foundational Models” devoted to conversational AI. The unit is helmed by Apple’s head of AI, John Giannandrea, who came from Google to revamp Siri.
[M]uch of Apple’s investment in conversational AI has to do with Siri. According to the report, Apple is planning to give Siri the ability to automate complex tasks… “The new capability is related to Apple’s Shortcuts app, which lets users manually program a series of actions using different apps and is expected to be released alongside a new version of the iPhone’s operating system next year,” said The Information.
MacDailyNews Take: Poor, neglected, pitifully stupid Siri could certainly use some supercharging.
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https://macdailynews.com/2023/09/07/apple-said-to-be-spending-millions-of-dollars-a-day-on-generative-ai-to-supercharge-siri/
Citi: The market may have have overreacted to China’s state employee iPhone curbs
Thursday, September 7, 2023 8:37 am
China has in recent weeks widened existing curbs (extent unknown) on the use of iPhones by state employees, The Wall Street Journal reported Wednesday. Citi analysts on Thursday said the market may have overreacted to the “news.”
Julie Zhu and Kevin Yao for Reuters:
Staff in at least three ministries and government bodies were told not to use iPhones at work, said the sources, who declined to be named due to the sensitivity of the situation.
One of the sources said they had not yet been given a deadline to cease their iPhone use.
It was not immediately clear how widely the ban was being enforced, with a third source at one of the three ministries saying he was still using an iPhone and had not yet heard about the restriction.
In 2020, state-owned Chinese financial publication Economic Observer reported that some government agencies had implemented rules to ban officials from using iPhone due to Apple’s strict privacy rules that make it difficult for anti-corruption officials to access and investigate suspects’ phones.
Apple’s shares slipped on Wednesday and Thursday after the Wall Street Journal first reported the move…
Citi analysts noted that the news had also weighed on the shares of Apple suppliers and said the market may have “have overreacted to the news flow amidst weak confidence overall,” citing how shares in suppliers of U.S. automaker Tesla tumbled but quickly recovered after reports of China restricting its cars from entering military complexes in 2021.
MacDailyNews Take: Gee, ya think?
?
As always, take the irrational AAPL discounts when they arise.
?
Enjoy your slow, ugly iPhone knockoffs, some unknown portion of Chinese Communist Party drones!
https://macdailynews.com/2023/09/07/citi-the-market-may-have-have-overreacted-to-chinas-state-employee-iphone-curbs/
Apple Currently Down Two Consecutive Days, on Track for Worst Two Day Stretch Since November 2022, -- Data Talk
September 07 2023 - 10:29AM
Dow Jones News
Apple Inc. (AAPL) is currently at $176.24, down $6.67 or 3.65%
--Would be lowest close since Aug. 21, 2023, when it closed at $175.84
--On pace for largest percent decrease since Aug. 4, 2023, when it fell 4.8%
--Currently down two consecutive days; down 7.1% over this period
--Worst two day stretch since the two days ending Nov. 3, 2022, when it fell 7.81%
--Down 6.19% month-to-date
--Up 35.64% year-to-date
--Down 10.29% from its all-time closing high of $196.45 on July 31, 2023
--Up 14.1% from 52 weeks ago (Sept. 8, 2022), when it closed at $154.46
--Down 10.29% from its 52-week closing high of $196.45 on July 31, 2023
--Up 40.97% from its 52-week closing low of $125.02 on Jan. 5, 2023
--Traded as low as $173.54; lowest intraday level since Aug. 18, 2023, when it hit $171.96
--Down 5.12% at today's intraday low; largest intraday percent decrease since Sept. 29, 2022, when it fell as much as 6.11%
--Worst performer in the DJIA today
--Most active stock in the S&P 500 today
--Ninth worst performer in the Nasdaq 100 today
--Most active stock in the Nasdaq 100 today
--Subtracted 43.96 points from the DJIA so far today
All data as of 9:55:45 AM ET
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/91990078/apple-currently-down-two-consecutive-days-on-trac
Trending: Chinese Officials Banned From Using IPhones for Work
September 06 2023 - 07:28AM
Dow Jones News
1058 GMT - Apple is among the most mentioned companies in the news over the past five hours, according to Factiva data. The Wall Street Journal reported that China ordered officials at central government agencies not to use iPhones and other foreign-branded devices for work or bring them into the office. The directive was given by superiors to their staff in recent weeks, according to people familiar with the matter. Beijing has for years restricted government officials at some agencies from using iPhones for work, but the order has now been widened, the people said. China's State Council Information Office and Apple didn't immediately respond to requests for comment. The restrictions come as Beijing seeks to shift away from foreign technology and could hurt Apple's success in the country. Apple shares were recently 0.7% lower in premarket trading. Dow Jones & Co. owns Factiva. (farah.elias@wsj.com)
(END) Dow Jones Newswires
September 06, 2023 07:13 ET (11:13 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/91976332/trending-chinese-officials-banned-from-using-ipho
China CCP bans Apple iPhone use for government officials at work
Wednesday, September 6, 2023 11:26 am
The Chinese Communist Party (CCP) banned officials at central government agencies in China from using Apple iPhones and other foreign-branded devices for work or bringing them into the office.
Yoko Kubota for The Wall Street Journal:
The directive is the latest step in Beijing’s campaign to cut reliance on foreign technology and enhance cybersecurity, and comes amid a campaign to limit flows of sensitive information outside of China’s borders.
The move by Beijing could have a chilling effect for foreign brands in China, including Apple. Apple dominates the high-end smartphone market in the country and counts China as one of its biggest markets, relying on it for about 19% of its overall revenue.
It wasn’t clear how widely the orders were being distributed, but similar messages were communicated to employees at some central government regulators.
Beijing has for years restricted government officials at some agencies from using iPhones for work, but the order has now been widened, the people said. The latest order also signals an intensified effort by Beijing to ensure its rules are strictly enforced.
MacDailyNews Take: As we wrote last November:
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In 2016, Apple’s “Operations Genius,” Tim Cook, secretly signed a secret agreement with the human rights-abusing Chinese Communist Party estimated to be worth more than $275 billion. Cook promised that Apple would do its part to develop China’s economy and technological prowess via infrastructure investments, business deals, and worker training in exchange for the CCP quashing its surge of what promised to be crippling regulatory actions against Apple, The Information reported last December.
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Many years before that, some two decades ago, it was Cook who spearheaded Apple’s move to make products “Designed in California,” but “Assembled in China.”
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Since Cook, 62, made his $275 billion secret deal with the CCP five years ago, and as he now nears retirement age, Apple has made precious little headway in diversifying its production away from capricious, authoritarian China.
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Why?
If the $275 billion wasn’t to buy Apple half a decade to free itself by diversifying its production away from China, mitigating risk, what was it for?
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Longtime Apple analyst Gene Munster [in November 2022] estimated that it would take as long as a decade for Apple to reduce its current near-total reliance on China to meaningful levels.
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At the current rate, it doesn’t look like Apple has 10 months, much less 10 years to extricate itself from China.
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Tim Cook painted Apple into this corner. It worked marvelously well, until it didn’t.
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A publicly traded company CEO’s job is to act in the best interest of its shareholders.
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But, Apple’s operations don’t scream “genius” today. They scream “RISK!” But, you know, the market just loooves risk.
Apple shareholders and, in turn, Apple’s rubber-stamping Board of Lackeys, should hold one person responsible if this spiraling China dilemma continues deteriorate: Timothy D. Cook.
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So, what’s Cook’s plan for getting the company out of this boxed-in predicament into which he placed it? Certainly Apple shareholders have a right to know. Hopefully, Cook has a better plan than simply cashing out and dumping this nightmarish quandary into the lap of Apple’s next CEO.
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See also: Tim Cook firmly latched Apple onto China’s CCP teat. What’s his plan for weaning it off? – November 2, 2022
https://macdailynews.com/2023/09/06/china-ccp-bans-apple-iphone-use-for-government-officials-at-work/#google_vignette
Apple inks new deal with Arm for chip technology; long-term pact ‘extends beyond 2040’
Wednesday, September 6, 2023 9:17 am
Apple has inked a new deal with Arm for chip technology that “extends beyond 2040,” according to Arm’s initial public offering (IPO) documents filed on Tuesday.
Reuters:
Arm unveiled pricing on Tuesday for what it hopes will be a $52 billion initial public offering, which would be the largest such deal in the U.S. this year. Arm owner SoftBank Group plans to offer 95.5 million American depository shares of the United Kingdom-based company for $47 to $51 apiece, Arm said in a filing.
Arm owns the intellectual property behind the computing architecture for most of the world’s smartphones, which it licenses to Apple and many others. Apple uses Arm’s technology in the processes of designing its own custom chips for its iPhones, iPads and Macs.
The two companies have a long history – Apple was one of the initial companies that partnered to found the firm in 1990, before the release of its “Newton” handheld computer in 1993, which used an Arm-based processor chip.
Apple was among a number of large technology companies that that on Tuesday invested $735 million in Arm’s initial public offering.
MacDailyNews Note: The deal disclosed on Tuesday was not mentioned in Arm’s August 21, 2023 IPO filing documents, implying that the deal is recent and agreed upon between then and September 5th.
https://macdailynews.com/2023/09/06/apple-inks-new-deal-with-arm-for-chip-technology-long-term-pact-extends-beyond-2040/
Apple iPhone owners are 7.4 times more valuable than Android users
Tuesday, September 5, 2023 11:50 am
Asymco‘s Horace Dediu has done the math and arrived at the conclusion that Apple iPhone owners are 7.4 times more valuable than those who settle for wannabe iPhones loaded with Android.
Horace Dediu for Asymco:
The figures I want to focus on are those of Apple App Store and Google Play Store: 123 million and 284.6 million respectively. These are strikingly similar to the ratio of 2x between iOS and Android from my old anecdotes. However, if we look at global data, Apple claims 650 million active App Store users while Google claims 2.5 billion active users. That makes the global ratio closer to 4x Android. However, if we look at the US, the ratio is 167 million iPhone users vs. 144 million Android. In the US, iOS is a majority.
This is explained by income. The wealthier the user base the more iOS seems to be in use… The iPhone customer is 7.4 times more valuable than the Android customer.
Apple’s base has also grown to over 1 billion users (650 million store users). This highlights that Apple has effectively grown and discriminated customers effectively. It obtained not just 1 billion customers but the best 1 billion customers.
MacDailyNews Take: Real iPhones vs. Poor Man’s iPhones. Same as it ever was.
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“All men are created equal.”
Well, not when it comes to users of smartphones and tablets…
The bottom line: Those who settle for Android devices are not equal to iOS users. The fact is that iOS users are worth significantly more than Android settlers to developers, advertisers, third-party accessory makers (speakers, cases, chargers, cables, etc.), vehicle makers, musicians, TV show producers, movie producers, book authors, carriers, retailers, podcasters… The list goes on and on.
The quality of the customer matters. A lot.
Facile “analyses” that look only at market (unit) share, equating one Android settler to one iOS user, make a fatal error by incorrectly equating users of each platform one-to-one.
When it comes to mobile operating systems, all users are simply not equal. – SteveJack, MacDailyNews, November 15, 2014
Android is pushed to users who are, in general:
a) confused about why they should be choosing an iPhone over an inferior knockoff and therefore might be less prone to understand/explore their devices’ capabilities or trust their devices with credit card info for shopping; and/or
b) enticed with “Buy One Get One Free,” “Buy One, Get Two or More Free,” or similar ($100 Gift Cards with Purchase) offers.
Neither type of customer is the cream of the crop when it comes to successful engagement or coveted demographics; closer to the bottom of the barrel than the top, in fact. Android can be widespread and still demographically inferior precisely because of the way in which and to whom Android devices are marketed. Unending BOGO promos attract a seemingly unending stream of cheapskate freetards just as inane, pointless TV commercials about robots or blasting holes in concrete walls attract meatheads and dullards, not exactly the best demographics unless you’re peddling muscle building powders or grease monkey overalls.
Google made a crucial mistake: They gave away Android to “partners” who pushed and continue to push the product into the hands of the exact opposite type of user that Google needs for Android to truly thrive. Hence, Android is a backwater of second-rate, or worse, app versions that are only downloaded when free or ad-supported – but the Android user is notoriously cheap, so the ads don’t sell for much because they don’t work very well. You’d have guessed that Google would have understood this, but you’d have guessed wrong.
Google built a platform that depends heavily on advertising support, but sold it to the very type of customer who’s the least likely to patronize ads.
iOS users are the ones who buy apps, so developers focus on iOS users. iOS users buy products, so accessory makers focus on iOS users. iOS users have money and the proven will to spend it, so vehicle makers focus on iOS users. Etcetera. Android can have the Hee Haw demographic. Apple doesn’t want it or need it; it’s far more trouble than it’s worth. – MacDailyNews, November 26, 2012
Related
Android usage in the U.S. declines for the first time
Thursday, August 8, 2013
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Apple’s apps economy ‘as big as Hollywood’
Thursday, January 22, 2015
In "News"
Apple iPhone sees highest switching rate from Android ever recorded
Monday, August 10, 2015
In "News"
https://macdailynews.com/2023/09/05/apple-iphone-owners-are-7-4-times-more-valuable-than-android-users/
very interesting article; Thank you! JasmyCoin $JASMY Unveils Layer 2 Solution, Jasmy Chain, to Democratize Data and Enhance Scalability
Zach Anderson Aug 29, 2023 13:01
Jasmy has officially launched its Layer 2 solution, Jasmy Chain. Announced just four hours ago, the project is built on the Ethereum blockchain and aims to provide a more efficient, cost-effective, and secure way for users to transact data.
Background and Need for Jasmy Chain
JasmyCoin ($JASMY) is a cryptocurrency initiative by Tokyo-based IoT provider Jasmy Corporation, aimed at democratizing data ownership and exchange. The platform combines IoT and blockchain technologies to give users full control over their personal data. Jasmy facilitates a trustless data exchange between IoT devices and decentralized protocols, using edge computing and IPFS for secure data storage. The platform serves as a marketplace for service providers and data users, transforming personal information into a tradeable asset.
Jasmy has been a prominent player in the web3 field, having previously launched the world's first blockchain PC. This innovation allowed individuals to truly own and control their data. However, as the community grew and data use scenarios increased, Jasmy identified the need for more advanced technological solutions to meet new demands. "To meet these new demands and provide more efficient and convenient data democracy services, Jasmy has realized the need to introduce more advanced technological solutions," the company stated.
Addressing Scalability and Performance
Jasmy Chain comes as a response to the anticipated rapid growth in the number of data storage users, which could lead to scalability and performance issues. The Layer 2 solution is not just a choice but a "necessity" to maintain efficient data transaction speeds, reduce transaction costs, and ensure high security for users. "By introducing Jasmy Chain, we can maintain more efficient data transaction speeds, reduce transaction costs, and ensure the highest security for users when transacting, storing, and managing their data," the official blog post mentioned.
Key Features of Jasmy Chain
Account Abstraction Supporting Rollup Layer 2: Jasmy Chain employs OP Stack-based technology and integrates an Account Abstraction-like system at the chain level. This allows contracts to define their transaction validation logic, providing developers with greater flexibility.
Web3 Operating System Integrated with Jasmy AI Engine: The Layer 2 solution aims to transform the Ethereum chain account system from a mere "calculator" to a powerful "intelligent computer," offering more modular, efficient, and intelligent interactions.
Precise Services Based on DID and User Data: Jasmy Chain is closely integrated with Jasmy's IoT devices, allowing users to trade freely with data demanders and realizing the true value of personal data.
Democratizing Data
Jasmy Chain aims to further democratize data by providing a cryptographically secured, decentralized environment. Through Decentralized Identifier (DID), it allows everyone to have a unique identity, closely associating data with real-world identity. Moreover, it introduces an economic mechanism where users can gain economic rewards from data transactions.
Conclusion
Jasmy Chain is more than just an upgrade; it's a commitment to data democratization and scalability. It aims to bridge the gap between Web2 and Web3, providing seamless interaction possibilities and turning data into a real digital asset. "Jasmy Chain represents the future of data democratization. It’s a system that allows everyone to participate fairly and benefit," the company concluded.
https://blockchain.news/news/jasmycoin-jasmy-unveils-layer-2-solution-jasmy-chain-to-democratize-data-and-enhance-scalability
Jasmy Lab Partners with Kana Labs to Promote JasmyCoin and IoT
Rebeca Moen Sep 01, 2023 07:50
Key Takeaways
1. Partnership aims to "expand the Jasmy ecosystem," as stated by Jasmy Lab.
2. Kana Labs to provide its Account Abstraction SDK for cross-chain accessibility of JasmyCoin.
3. Collaboration targets market expansion in Korea, India, and Western countries.
In a move that signals growing synergy between the blockchain and Internet of Things (IoT) sectors, Jasmy Lab has entered into a strategic partnership with Kana Labs. The collaboration aims to "offer the utility of its proprietary cryptocurrency ‘JasmyCoin’ and to promote the global growth of both projects," according to an official announcement made just an hour ago.
Strategic Collaboration...
https://blockchain.news/news/jasmy-lab-partners-with-kana-labs-to-promote-jasmycoin-and-iot
Also found this from your link: Jasmy and PiLab Forge Transformative Partnership to Propel Web3 Innovation
BY MUSHU BUTT August 29, 2023 - 1:22 pm in blockchain news
In a groundbreaking move set to reshape the landscape of both the Internet of Things (IoT) and blockchain industries, Jasmy and PiLab have officially announced a strategic partnership aimed at fostering innovation, collaboration, and growth within the Web3 ecosystem. Jasmy, a trailblazing provider of IoT platforms and solutions, and PiLab, a vanguard in advanced blockchain technologies, have inked an agreement that promises to unlock new realms of potential for businesses and individuals venturing into the decentralized future...
https://blockchainreporter.net/jasmy-and-pilab-forge-transformative-partnership-to-propel-web3-innovation/
Coinbase Announces Interim Results and Extension and Upsizing of Cash Tender Offer for its Outstanding 3.625% Senior Notes Due 2031September 05 2023 - 08:30AM
Business Wire
Coinbase Global, Inc. (the “Company” or “Coinbase”) today announced interim results of its previously announced offer to purchase for cash (the “Tender Offer”) a portion of its 3.625% Senior Notes due 2031 (the “Notes”).
The Company also announced that it has amended the terms of the Tender Offer to (i) increase the amount of Notes that may be purchased in the Tender Offer from a maximum aggregate purchase price of $150,000,000 to a maximum aggregate purchase price of $180,000,000 (excluding accrued and unpaid interest) (as amended, the “Maximum Tender Amount”) and (ii) extend the expiration date of the Tender Offer from 11:59 p.m., New York City time, on September 1, 2023 to 11:59 p.m., New York City time, on September 18, 2023 (as so extended, the “Expiration Time”).
The Company expects to accept for payment and make payment on September 6, 2023 (the “Interim Settlement Date”) with respect to all Notes validly tendered after 5:00 p.m., New York City time, on August 18, 2023 (the “Early Tender Time”), but at or prior to 11:59 p.m., New York City time, on September 1, 2023 (the “Interim Expiration Time”), subject to the conditions set forth in the Company’s offer to purchase, dated August 7, 2023 (as amended, the “Offer to Purchase”).
Holders of the Notes (“Holders”) who validly tendered their Notes after the Early Tender Time but at or prior to the Interim Expiration Time, in the manner described in the Offer to Purchase, are eligible to receive the Total Consideration (as defined below) for the Notes accepted for purchase. Holders will also receive accrued and unpaid interest on their Notes validly tendered and accepted for purchase from the most recent interest payment date for the Notes up to, but not including, the Interim Settlement Date. No further action is required to be taken by Holders who have already validly tendered their Notes in order to receive the Total Consideration (as defined below), plus accrued and unpaid interest, on the Interim Settlement Date.
As of the Early Tender Time, holders of $50,034,000 aggregate principal amount of the Notes had validly tendered and not validly withdrawn their Notes. On August 22, 2023 (the “Early Settlement Date”), the Company accepted for purchase $50,034,000 aggregate principal amount of the Notes. According to information provided by Global Bondholder Services Corporation, the tender and information agent for the Tender Offer (the “Tender and Information Agent”), following the Early Tender Time, but at or prior to the Interim Expiration Time, an additional $211,062,000 in aggregate principal amount of the Notes were validly tendered. Together with the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time, a total of $261,096,000 in aggregate principal amount outstanding of the Notes were validly tendered at or prior to the Interim Expiration Time. As previously announced, Holders who validly tendered their Notes at or prior to the Interim Expiration Time are eligible to receive $675.00 per $1,000 principal amount of Notes validly tendered (the “Total Consideration”).
The following table sets forth certain information relating to the tender offer:
Issuer
Title of Security
CUSIP Number/ ISIN (1)
Aggregate Principal Amount Outstanding (2)
Aggregate Principal Amount Tendered after Early Tender Time (2)
Aggregate Principal Amount Expected to be Accepted for Purchase on Interim Settlement Date (3)
Aggregate Amount to be Paid (4)
Total Consideration (5)
Coinbase Global, Inc.
3.625% Senior Notes Due 2031
144A CUSIP/ISIN: 19260Q AD9 / US19260QAD97 Regulation S CUSIP/ISIN: U19328 AB6 / USU19328AB62
$1,000,000,000
$211,062,000
$211,062,000
$145,761,029
$675.00
__________
(1) CUSIP information is provided for the convenience of Holders. No representation is made as to the correctness or accuracy of such numbers.
(2) As of the Interim Expiration Time and not including Notes accepted for purchase by the Company on the Early Settlement Date.
(3) Not including Notes accepted for purchase by the Company on the Early Settlement Date. Subject to satisfaction or waiver of the conditions set forth in the Offer to Purchase, the Company anticipates that Notes tendered after the Early Tender Time, but at or prior to the Interim Expiration Time, will be accepted for purchase on the Interim Settlement Date. However, there can be no assurance that the conditions set forth in the Offer to Purchase will be satisfied or waived.
(4) With respect to Notes accepted for purchase by the Company on the Interim Settlement Date, inclusive of accrued and unpaid interest, and not including Notes accepted for purchase by the Company on the Early Settlement Date.
(5) Per $1,000 principal amount of Notes validly tendered and accepted.
Withdrawal rights for the Tender Offer expired at 5:00 p.m., New York City time, on August 18, 2023. The Tender Offer will expire at 11:59 p.m., New York City time, at the Expiration Time.
The amount of Notes that may be purchased in the Tender Offer is subject to the Maximum Tender Amount. Subject to the remaining capacity under the Maximum Tender Amount, and proration if applicable, Holders who validly tender Notes after the Interim Expiration Time but prior to or at the Expiration Time, and whose Notes are accepted for purchase, will be eligible to receive the Total Consideration, plus accrued and unpaid interest. No tenders will be valid if submitted after the Expiration Time. Payment for the Notes that are validly tendered prior to or at the Expiration Time and that are accepted for purchase will be made on a date promptly following the Expiration Time, which is currently anticipated to be September 20, 2023, the second business day after the Expiration Time.
Except as described herein, other terms of the previously announced Tender Offer remain unchanged. Holders of Notes should read carefully and in its entirety the Offer to Purchase before deciding to tender their Notes.
Citigroup Global Markets Inc. is serving as Dealer Manager for the Tender Offer. Questions regarding the Tender Offer should be directed to Citigroup Global Markets Inc. at (800) 558-3745 (U.S. toll-free) and (212) 723-6106 (New York). Copies of documents relating to the Tender Offer may be obtained from the Tender and Information Agent at http://www.gbsc-usa.com/coin, or by telephone at (855) 654-2015 or (212) 430-3774.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. This press release does not describe all the material terms of the Tender Offer, and no decision should be made by any Holder on the basis of this press release. The Offer to Purchase contains important information which should be read carefully before any decision is made with respect to the Tender Offer.
Disclaimer
None of the Company, the Dealer Manager, the Tender and Information Agent or the trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether Holders should or should not tender any Notes in response to the Tender Offer or expressing any opinion as to whether the terms of the Tender Offer are fair to any Holder. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of Notes to tender. Please refer to the Offer to Purchase for a description of the offer terms, conditions, disclaimers and other information applicable to the Tender Offer.
About Coinbase
Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The Company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” including, among other things, statements relating to the anticipated cash expenditure to consummate the Tender Offer, as well as the completion, timing and size of the Tender Offer. Statements containing words such as “could,” “believe,” “expect,” “intend,” “will,” or similar expressions constitute forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those described in such forward-looking statements, including those described in the “Risk Factors” section of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 and other filings with the Securities and Exchange Commission. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks that could have an impact on any forward-looking statements contained herein. Forward-looking statements in this press release are based on the Company’s beliefs and assumptions and on information available to the Company’s management as of the date they are made. Investors should not place undue reliance on any such forward-looking statements. Except as may be required by law, the Company undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230905705266/en/
Press: press@coinbase.com
Investors: investor@coinbase.com
https://investorshub.advfn.com/secure/post_new.aspx?board_id=39377