Techmeme
June 30, 2019, 3:45 PM

Top News

Golnaz Esfandiari / Radio Free Europe/Radio Liberty:
Iran's Energy Ministry says that power consumption jumped 7% in June, largely due to Bitcoin mining, making the power grid unstable, seizes 1,000 Bitcoin miners  —  Iran has blamed an “unusual” spike in electricity consumption in the country on cryptocurrency miners, while warning …
Wall Street Journal:
Trump says he will allow sales of US equipment to Huawei, where there are no national security issues, for now; US will not impose new tariffs on China  —  U.S. agrees to halt additional tariffs on Chinese goods for now  —  OSAKA, Japan—President Trump and Chinese President Xi Jinping agreed …
Alyssa Bereznak / The Ringer:
How TikTok users are supplanting the traditional functions of record labels, like talent scouting and publicity, for new artists  —  Lil Nas X's ‘Old Town Road’ is both a chart-topping phenomenon and a turning point for the music business.  Here's what happens when a social media platform becomes a label.
Tweets: @alyssabereznak
Christopher Mims / Wall Street Journal:
A look at the challenges, downsides, and huge costs of 5G rollout in the US, which may take a decade or more to complete  —  As carriers launch their 5G networks, the promise of superfast wireless is clashing with the reality of the rollout; ‘the real onslaught has not yet begun’
Andrew Liptak / The Verge:
Ex-Equifax CIO Jun Ying sentenced to four months in prison for insider trading; he pleaded guilty to selling Equifax shares prior to 2017's breach announcement  —  Four months of jail time  —  The Justice Department announced this week that former Equifax CIO Jun Ying has been sentenced to four months in prison for insider trading.
Kyle Bradshaw / 9to5Google:
Google launches Fuchsia OS developer website with official documentation about developing for its open source operating system  —  As was repeatedly made plain to see during this year's Google I/O, developers are eager to learn more about Google's Fuchsia OS.
Celia Chen / South China Morning Post:
Profile of Foxconn's new chairman Liu Young-way, who joined the firm as a special assistant to Gou in 2007 and was named head of semiconductor business in 2017  —  Gou remains the largest shareholder with 10 per cent of the company's shares and retains his seat on the board Low profile head …
Kyle Wiggers / VentureBeat:
Booster, which enables fuel delivery directly to cars via an app in more than 20 US cities, raises $56M Series C, bringing total raised to $88.5M  —  Booster, a San Mateo, California-based startup offering same-day fuel delivery service in the U.S., today announced that it's raised $56 million …

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