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CAPITAL UNION, AND ANSBACHER

Tether moved $37 billion of its reserves to a Bahamian bank called Capital Union in 2021. It also enlisted another Bahamian bank, Ansbacher, to hold some of its reserves. Tether has been using New York financial services giant Cantor Fitzgerald as a custodian of US Treasury bills. The full breakdown of Tether reserves and their distribution remains unknown.

2023.02.13
archive.ph10 min readTLDR Crypto

Sponsored

CHISELSTRIKE TURSO IS A SQLITE-COMPATIBLE DATABASE THAT RUNS ON THE EDGE

Edge functions should run quickly. But with a traditional centralized database, the benefits of edge computing are lost in slow network connections. Enter ChiselStrike Turso — a lightweight edge-native database built on libSQL, the open contribution fork of SQLite. Turso eliminates application bottlenecks [https://chiselstrike.com/?utm_source=tldr] by putting data close to your application, with low overhead. Query over HTTP, easily replicate to many regions. Join the beta to build with Turso [https://chiselstrike.com/?utm_source=tldr]

2023.02.10
chiselstrike.comSponsorTLDR

TALKING TO AI MIGHT BE THE MOST IMPORTANT SKILL OF THIS CENTURY

Tech giants are scrambling to release AI products to catch up with OpenAI's ChatGPT. Deep-learning networks look to be the next frontier of the commercial internet. Generative AI is set to become the overlay for many human activities. One of the most vital skills of the 21st century could be effectively talking to machines. Users will have to know how to guide machines in order to use these new tools effectively.

2023.02.10
archive.ph13 min readTLDR

EARTH

A recently published study used computer simulations to model various scenarios where massive quantities of dust are used to reduce the amount of sunlight that reaches Earth.

2023.02.10
archive.ph11 min readTLDR

SCRT

scrt is a command-line secret manager with an intuitive interface designed for developers, sysdmins, and devops.

2023.02.10
scrt.runToolTLDR

SETTLEMENT

Kraken has agreed to pay $30 million to settle the Securities and Exchange Commission's allegations that it violated US securities laws with its crypto-asset staking products. The exchange will discontinue the products. The case makes it clear that staking-as-a-service providers must register and provide full, fair, and truthful disclosure and investor protection.

2023.02.10
archive.ph2 min readTLDR Crypto

‘SAM? ARE YOU THERE?!’ THE BIZARRE AND BRUTAL FINAL HOURS OF FTX

This article talks about, in detail, the story of FTX and the events that happened in the hours before it fell. It contains emails and excerpts from internal company chats. Sam Bankman-Fried is now staying at his parents' house, spending his days on calls with lawyers and journalists or writing long reflections on what happened. He continues to claim that the bankruptcy filing was a pivotal error.

2023.02.10
archive.ph40 min readTLDR Crypto

LIMIT

2023.02.09
9to5mac.com2 min readTLDR