As annual inflation nears 100% in Argentina, a look at locals’ use of Mercado Pago and other digital wallets to protect their pesos, amid scam and theft issues (Lucía Cholakian Herrera/Rest of World)

Rest of World:
Cambodia’s online gambling and scam industries keep recruiting “cyber slave” workers via trafficking and misleading ads despite police raids and global pressure  —  Casual trafficking, calls to parents, misleading ads: even with global pressure, recruitment is rife.  —  • BAVET, CAMBODIA

Ana Lucía Murillo / Washington, D.C. Business Journal:
DC-based Pie Insurance, which uses data and analytics to help SMBs get insurance digitally, raised a $315M Series D, bringing its total funding to $615M+  —  Pie Insurance has raised yet another staggering round of funding to create new lines of business for the tech-enabled insurance firm.

Paul Sawers / TechCrunch:
Linux Foundation plans to form the OpenWallet Foundation, developing open-source interoperability for digital wallets, supported by Okta, Accenture, and more  —  The Linux Foundation has announced plans for a new collaborative initiative designed to support interoperability across digital wallets, built on an open source bedrock.

Rest of World:
Netflix’s password sharing crackdown sparked many protests on social media in Argentina, but a source says the country didn’t have a mass exodus of subscribers  —  New prices sparked outrage in Latin America, with some threatening to boycott the platform.  —  • BUENOS AIRES, ARGENTINA

CNBC:
After surprising inflation data, Nasdaq closes down 5.16%, Nvidia down 9.47%, Meta down 9.37%, Coinbase down 8.84%, Amazon down 7.06%; BTC down 9%+ in 24 hours  —  WATCH NOW  —  Four experts react to August’s key inflation report  —  Stocks fell sharply on Tuesday after a key August inflation report came …

Cecilia D’Anastasio / Bloomberg:
The hype around esports is fading, as teams and organizations shrink due to a weak sponsorship and ad market, falling VC investment, and the crypto meltdown  —  The once-thriving esports industry has fallen on hard times as funding sources dwindle and signs abound that athletic competition via video games …