Techmeme
July 1, 2019, 1:00 AM

Top News

Golnaz Esfandiari / Radio Free Europe/Radio Liberty:
Iran says power consumption jumped 7% in June, largely due to Bitcoin mining, making the country's power grid unstable, seizes 1,000 Bitcoin mining machines  —  Iran has blamed an “unusual” spike in electricity consumption in the country on cryptocurrency miners, while warning that such illicit operations will be cut off from the grid.
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.
Facebook:
Facebook says it will treat 2020 US Census like an election and will have “people, policies and technology in place to protect against census interference”  —  Civil rights are the foundation of a free and just society — and something we care deeply about as a company.
Jordan Crook / TechCrunch:
Tundra, a new zero-commission wholesale marketplace, announces $12M Series A; Tundra generates revenue via premium checkout options like faster shipping  —  Tundra, a new zero-commission wholesale marketplace, has today announced the close of $12 million in Series A funding.
Sarah Perez / TechCrunch:
Nielsen Music Mid-Year Report: on-demand audio streams in the US grew 31.6% YoY to 507.7B in the first half of 2019  —  Music streaming services have already delivered a new high of half a trillion (507.7 billion) on-demand streams in the first half of 2019, according to Nielsen's mid-year Music Report released this week.

Sponsor Posts

Meta:
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Zoho:
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Genesys:
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Earlier Picks

Kyle Wiggers / VentureBeat:
Andrew Liptak / The Verge:
Wall Street Journal: