Tumblr Adds ➕ a New Feature to Disable Reblogs of Posts
Scott D. Clary | Daily Business, Tech & Finance Newsletter
This is a daily newsletter that covers trending business, tech and finance stories. If you enjoyed the newsletter, please share it with a friend who’d find it useful.
Or… invite friends to the newsletter through our referral program for Amazon gift cards.
Tumblr Adds ➕ a New Feature to Disable Reblogs of Posts
American microblogging and social networking website Tumblr has added a new feature to its platform that will give users the option to turn off the reblog setting for a specific post.
Tumblr has rolled out the new feature to reblog controls on web and iOS, with Android to come soon.
The company says that the new feature comes at the request of users who say checking the reblog settings would create a sense of security.
“Many of you have told us this feature would give you a welcome sense of safety. If you block someone after the post was made, don’t worry — they still can’t reblog it. This change gives you control over your own posts, and so will improve your posting experience. Ultimately, better posting means a better Tumblr,” the company said in a blog post.
To use the feature, users can select between the two reblog options while composing a post. One option allows anyone on the platform to reblog the post to their own blog, while the new option allows users to disable reblogs for that post so that other users can’t reblog it.
Amazon to Shut Down Kindle Store in China 🇨🇳 Next Year
Amazon readers in China will no longer be able to purchase new e-books by June 2023, as the company will close down its Chinese kindle store.
While the e-commerce giant will stop operating its Kindle e-bookstore in China on June 30, 2023, readers in China will be able to download previously purchased e-books until June 30, 2024, and continue to read them after that.
“Amazon China’s long-term commitment to customers will not change. We have established an extensive business base in China and will continue to innovate and invest,” Amazon said in an announcement.
The move will put an end to the firm’s nine-year venture into the Chinese market. Earlier this year, rumors emerged about Kindle’s possible struggle in China, with its flagship stores on Tmall and JD either scaling back operations or closing down.
Kindle’s exit is the latest in an exodus of big tech firms in China. The company, which joins big firms like LinkedIn, Uber, and Yahoo, among others, in leaving the Chinese market, said its exit is not due to government pressure or censorship.
CFTC Sues ⚖ Crypto Exchange Gemini Over Bitcoin Futures Case From 2017
The United States Commodity Futures Trading Commission (CFTC) filed a lawsuit against cryptocurrency exchange Gemini in the U.S. Southern District Court of New York on June 2.
The CFTC has alleged the exchange of misleading the federal regulator during Gemini’s 2017 effort to launch trading of what would have been the United States’ first bitcoin futures contracts.
Gemini’s staff “knew or reasonably should have known” that the statements were misleading or false, said the CFTC.
“The false or misleading statements and information conveyed or omitted to Commission staff by Gemini directly and through others were material to evaluation of the Bitcoin Futures Contract, including compliance with core principles of the Commodity Exchange Act,” the lawsuit said.
“Such statements and information were relevant to, among other things, assessing the size of, liquidity on, and number of market participants using the Gemini Exchange and the Gemini Bitcoin Auction,” it added.
With this suit, the CFTC is seeking disgorgement of ill-gotten gains, civil monetary penalties, and injunctions relating to registration and trading and against violations of the Commodity Exchange Act.
Cybersecurity Startup Chainguard Raises $50 Million in Series A Funding 💰
Chainguard, a U.S.-based startup securing the software supply chain systems, has raised $50 million in its Series A funding round.
The funding was led by Sequoia Capital along with participation from Amplify, the Chainsmokers’ Mantis VC, LiveOak Venture Partners, Banana Capital, K5/JPMC, and CISOs from Google and Square (Block), among others.
Founded in 2021, Chainguard is the leader in securing the software supply chain by default.
The startup’s product portfolio includes Chainguard Enforce, Chainguard Images, and Professional Services.
Its customers range from Fortune 500 companies in banking, fintech, government, and infrastructure to startups and SMBs.
Along with the funding round, the company also announced the launch of Chainguard Images, the first container base images designed for a secure software supply chain that are continuously updated to achieve zero-known vulnerabilities.
Chainguard plans to use the fresh funds to accelerate its product development.
Additionally, the company plans to invest the capital heavily in open source projects like Sigstore, SLSA, and OpenSSF, as well as a new developer education program that focuses on supply chain security.
Around the Web 🌐
South Korea is Betting Big on Metaverse: The government of South Korea is betting big on Metaverse, as it has announced to invest over 223.7 billion won ($177 million) in metaverse projects directly. The investment, which came under the “Digital New Deal” program set up to invest in emerging technologies, will be towards kickstarting national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information and communication technologies.
If you like the content in this newsletter, there’s a pretty good chance you’ll like my podcast, “Success Story”, where I unpack the playbooks of entrepreneurs, executives and other high performing individuals.
Latest Episode 👇
If you enjoyed the newsletter, please share it with a friend who’d find it useful.