Public policy chief Sinead McSweeney departs, Twitter layoffs continues! Read more tech news
Good morning tech fam, here are some quick tech updates for you to catch on to!
What’s New Today: French Privacy Watchdog Hits Microsoft with Biggest Fine Ever for 2022; France Fines Microsoft 60 million Euros for Advertising Cookies
Fast-Track Insights: According to recent FTX court files, the Commodity Futures Trading Commission (CFTC) has recognised Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) as commodities.
According to sources familiar with the situation, Twitter Inc.’s head of public policy has left the organisation as it continues to cut costs under the direction of billionaire owner Elon Musk. According to two sources, Twitter’s worldwide vice president for public policy, Sinead McSweeney, has resigned. The departure of McSweeney has not previously been announced. After Musk reduced the personnel from more than 7,000 to under 2,000, regulators from all around the world are now questioning Twitter’s efforts in content control and user data protection.
France imposes a 60 million euro fine on Microsoft for using advertising cookies. The French privacy authority announced on Thursday that it had penalised Microsoft, a major US software company, 60 million euros ($64 million) for forcing advertising cookies on customers. The National Commission for Technology and Freedoms (CNIL), which levied the biggest fine in 2022, claimed that Microsoft’s search engine Bing did not have a framework in place that allowed users to reject cookies as easily as accepting them.
It’s possible that Google is revamping its Find My Device feature. With the new update, users will be able to follow their Android or WearOS devices even when they are not connected to the internet. The Find My Device service now uses a new architecture that enables last known location information to be obtained in order to locate Android devices, according to the Google System Release’s changelog for December 2022, which hinted at the upcoming update.
TRON just revealed that, behind Ethereum, they are second in terms of Total Value Locked (TVL). Additionally, it showed a remarkable burn rate, which only serves to confirm the idea of TRON’s quickening expansion. A right-angled pattern that may be indicating a breakout northward in price has formed as a result of the many retests made on the bullish breakers and the higher lows. In contrast, Bitcoin is attempting to push through the increasing pressure at the $17k–$17.4k level, which suggests that a retreat could provide the bulls with an opportunity to go and purchase TRX.
According to recent FTX court documents, the Commodity Futures Trading Commission (CFTC) has designated Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) as commodities. All three were mentioned frequently by the CFTC in its case against disgraced former FTX CEO Sam Bankman-Fried as “commodities” as “defined” by American law. Although it didn’t say which, the lawsuit claimed that “other” digital assets are also commodities. The CFTC’s position appears to be at odds with recent statements made by its chairman Rostin Benham, who claimed that only Bitcoin is a commodity.