📱❌🇺🇸 TikTok, ByteDance sue to block US law seeking sale or ban of app

TikTok and its Chinese parent company ByteDance said on Tuesday they filed suit in U.S. federal court seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or ban its use.

The companies said they filed a lawsuit in the U.S. Court of Appeals for the District of Columbia arguing that the law violates the U.S. Constitution on a number of grounds, including running afoul of First Amendment free speech protections. The law, signed by Biden on April 24, gives China's ByteDance until Jan. 19 to sell TikTok or face a ban.

https://www.reuters.com/legal/tiktok-bytedance-sue-block-us-law-seeking-sale-or-ban-app-2024-05-07/

👤🗯🇺🇸💥🇷🇸 — 🇬🇧 Financial Times | Xi Jinping lashes out at Nato over 1999 Belgrade bombing ahead of Serbia visit | Chinese president cites ties ‘forged with blood’ as he looks for allies during first European trip in 5 years | May 7, 2024:

"China’s President Xi Jinping has lashed out at Nato over its “flagrant” bombing of the Chinese embassy in Belgrade in 1999 as he tries to cement ties with Serbia ahead of a visit to the Balkan country on Tuesday.

Xi, who is travelling in Europe for the first time in five years, will head to Serbia on Tuesday afternoon from the French Pyrenees, where French President Emmanuel Macron is hosting him on the final day of a three-day state visit to France.

In a signed letter in the Serbian media outlet Politika, Xi invoked the 25th anniversary on Tuesday of the Nato bombing of the Chinese embassy in the former Yugoslavia during the Kosovo war to call for unity between Beijing and Belgrade."

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💰❌ LocalMonero is leaving the space

Hey everyone,

After almost 7 years of operation, we have made the difficult decision to close our platform.

The winding-down process begins today, and finishes 6 months from now. Our support will be available for help throughout this period.

https://localmonero.co/blog/announcements/winding-down

https://twitter.com/LocalMoneroCo/status/1787919500047720843

💻 We're at war, anon ‼️

In the space of two weeks, we've seen:

- @SamouraiWallet indicted, arrested, and shut down
- @wasabiwallet pull from the US, then shut down
- @PhoenixWallet pull from the US
- @TornadoCash case escalated by DoJ
- FBI "warning" against no-KYC tool usage
- Elizabeth Warren letter

And now the biggest no-KYC Monero on-ramp from fiat, @LocalMoneroCo, has shut down with no clear reasoning (easy to speculate). If you thought we wouldn't face an adversarial environment for years, or that Bitcoin would simply win because it's Bitcoin, you were wrong.

The war is right here, right now, and if we don't all band together across tribal divides they'll divide and conquer.

It's time to wake the fuck up and arm yourself with the digital tools you need.

https://twitter.com/sethforprivacy/status/1787928728732885140

🇷🇺❌👤 — 🏴 ZeroHedge | Zelensky Assassination Plot Foiled, Two Colonels Arrested, Ukraine Intelligence Says | May 07, 2024:

"The Ukrainian government and intelligence services are claiming that a major assassination plot targeting President Volodymyr Zelensky has been thwarted. The plot also allegedly aimed to take out other top military and political figures.

Ukraine's state security service (SBU) unveiled the plot Tuesday in announcing the detention of two colonels in the State Guard of Ukraine said to be involved in the criminal conspiracy. The State Guard is responsible for protecting top political as well as military figures, somewhat akin to the Secret Service in the US.

If found guilty, the detained officers would face a life sentence, or possibly a worse fate given the country is currently under martial law due to the long-running war.

The SBU is alleging Russian involvement, specifically claiming that a network of agents from Russia's Federal Security Service (FSB) had been "preparing the assassination of the president of Ukraine" and other senior officials.

"Counterintelligence were detained and SBU investigators foiled the plans of the FSB to eliminate the president of Ukraine and other representatives of the top military and political leadership of the state," the SBU stated on Telegram."

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💰 FTX anticipates distributing $14.5 - $16.3 billion in cash to creditors.

With 98% expected to receive 118% of their allowed claims within 60 days pending court approval.

@News_Crypto

💰Proposal for Grayscale's Ethereum Futures Trust ETF has been withdrawn

The application for the Grayscale Ethereum Futures Trust ETF was withdrawn on May 3.

The SEC has delayed deciding on spot Ethereum ETFs over the past few weeks.

https://www.theblock.co/post/293047/proposal-for-grayscales-ethereum-futures-trust-etf-has-been-withdrawn

🇷🇺💻❌🇩🇪Russian hackers hacked into the lighting on the Brandenburg Gate in Berlin last night & projected the image Soviet Victory Banner.

https://twitter.com/warintel4u/status/1788132067617747212

@FelipeChannel

🇦🇷⛏💰 Argentina Will Mine Bitcoin With Stranded Gas Thanks To GDA

GDA announced an important agreement with the YPF Luz, a subsidiary of the largest electricity company from Argentina, YPF to open a new bitcoin mining facility that will operate using stranded gas. According to YPF Luz CEO Martín Mandarano, the company has been generating electricity from mining since 2022, the local newspaper Ambito reported.

The operation is based in the Bajo del Toro Thermal Power Plant, operated by YPF Luz. It will power 1,200 bitcoin mining machines to monetize stranded gas that would otherwise be flared into the atmosphere. This is the first time the company has opened a mining operation in Latin America, specifically in Rincón de Los Sauces, in the Neuquén Province, with a total capacity of 7 MW and 1 MW backup.

https://www.forbes.com/sites/digital-assets/2024/05/07/argentina-will-mine-bitcoin-with-stranded-gas-thanks-to-gda/?sh=588109a245f9

@FelipeChannel