El Salvador’s Bitcoin “revolution” is failing miserably and behind the debacle are crypto evangelists from wealthier countries who cheered on President Bukele (Zeke Faux/Bloomberg)

Michael McSweeney / The Block:
The Australian Securities Exchange paused its years-long blockchain project to replace its settlement and clearing system, saying it plans to write-off $175M  —  – The Australian Securities Exchange (ASX) is dropping a long-in-the-making blockchain-powered replacement for its CHESS settlement and clearing system.

Cecilia Kang / New York Times:
Google agrees to a record $391.5M privacy settlement with a coalition of 40 state AGs over charges it misled users into thinking they disabled location tracking  —  Under the agreement, which state attorneys general said was the largest U.S. internet privacy settlement …

Cara Lombardo / Wall Street Journal:
Sources: Twitter agreed to a ~$7M settlement with Peiter Zatko in June 2022 over lost pay; Zatko signed an NDA but he can speak to Congress or file a complaint  —  Peiter Zatko pact over lost pay didn’t prevent him from filing complaint now part of Elon Musk case

Richard Vanderford / Wall Street Journal:
Google agrees to improve its compliance program for legal demands in a settlement with the US DOJ, which said Google lost data sought by investigators in 2016  —  The tech company will be monitored by a compliance professional after the Justice Department said Google lost data sought in a U.S. investigation

Kirsten Korosec / TechCrunch:
Lyft faces 17 lawsuits across 11 states from drivers and passengers accusing the company of failing to protect its users from sexual and physical assault  —  Lyft is facing a fresh batch of lawsuits from drivers and passengers who say they were sexually and physically assaulted during rides …

Zack Beauchamp / Vox:
A look at The Managerial Revolution, a 1941 book that predicted the rise of the “managerial class” over capitalists and may help explain Elon Musk’s Twitter  —  The long shadow of James Burnham’s The Managerial Revolution.  —  Since the launch of the so-called “Twitter Files” …