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August 11, 2021, 6:10 AM
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Top News

Tim Copeland / The Block:
Group behind Poly Network, a cross-chain protocol used for DeFi applications, says a hacker has stolen $611M; one researcher blames the attack on a crypto flaw  —  Quick Take  — Cross-chain protocol Poly Network has been hacked for $611 million.  — The team behind the protocol …
New York Times:
A look at the multi-year effort by English soccer organizations to push Facebook to crack down on hate speech against players, intensifying during Euro 2020
Twitter:
Analysis of tweets about Euro 2020, including racist abuse towards England players: 99% of accounts suspended were not anonymous and most abuse came from the UK
Elizabeth Culliford / Reuters:
Facebook says it has removed a network of accounts from Russia linked to a UK marketing firm that pushed anti-vaccine content using Planet of the Apes memes  —  Facebook (FB.O) said on Tuesday it had removed a network of accounts from Russia that it linked to a marketing firm which aimed …
Reed Albergotti / Washington Post:
Court docs: Apple settles its 2019 lawsuit against Corellium over Corellium's “virtualized” iPhone business; Corellium says it still sells virtual iOS devices  —  Apple accused Corellium of violating its copyrights with virtual iPhones used for security research
Jon Porter / The Verge:
Google will let under-18s delist photos by request, restrict ad targeting of children based on age, gender, or interests, and more  —  As part of a new series of protections for kids under 18  —  Google will no longer allow ad targeting of children based on their age, gender …
Todd Spangler / Variety:
YouTube launches protections for kids: default private uploads, turning off autoplay, and adding “take a break” and “bedtime” reminders by default
Frank Konkel / Nextgov:
Source: the NSA awarded a secret cloud computing contract worth up to $10B to AWS; Microsoft has filed a bid protest with the GAO in response  —  Much of the NSA's most prized intelligence data may be moving to the cloud.  —  The National Security Agency has awarded a secret cloud computing contract worth …
MacKenzie Sigalos / CNBC:
Coinbase reports $2.23B in Q2 revenue, vs $1.78B est., and net profit of $1.6B, up nearly 4,900% YoY, following volatile stretch of cryptocurrency trading  —  - In Q2, Coinbase brought in $2.23 billion of revenue vs. $1.78 billion expected by Refinitiv.  — It also reported a profit per share of $6.42.
Sam Byford / The Verge:
Xiaomi announces the Mix 4 smartphone with a bezel-less design and an under-display selfie camera, launching in China for ~$770  —  The first new Mi Mix in years  —  Xiaomi has announced the Mix 4, the first phone in the Mi Mix series to be announced in nearly three years.
Lawrence Abrams / BleepingComputer:
Microsoft fixes 44 vulnerabilities, including seven flaws that are classified as critical and three zero-day flaws, with one actively exploited in the wild  —  Today is Microsoft's August 2021 Patch Tuesday, and with it comes fixes for three zero-day vulnerabilities and a total of 44 flaws …
Catalin Cimpanu / The Record:
Microsoft will now require admin rights before Windows users can access the Point and Print feature, to mitigate a security flaw it has already tried to patch
Kyle Wiggers / VentureBeat:
OpenAI debuts a private beta for Codex, an API for turning natural language into code of one of over a dozen coding languages; Codex powers GitHub's Copilot  —  Watch now.  —  OpenAI today released OpenAI Codex, its AI system that translates natural language into code, through an API in private beta.
Packy McCormick / Not Boring:
NFTs blur the line between social and financial capital and dismissing them is akin to missing the importance of status while analyzing social networks  —  Analyzing NFTs as Social Networks Using the Status-as-a-Service Framework  —  The DEAD followed me across Twitter all weekend.
More: Decrypt.  Tweets: @zoescaman, @jihoz_axie, @jessewldn, @pt, @pt, and @pt
Nikhilesh De / CoinDesk:
Senate sends $1T infrastructure bill to the House after a 69-30 vote; the bill contains a controversial cryptocurrency tax provision critics see as too broad  —  The bill contains a broad definition of “broker” for crypto tax reporting requirements that lawmakers and industry advocates sought to change over the past week.
Manish Singh / TechCrunch:
Zomato reports revenue of $113.4M, up ~3x YoY, and a net loss of $48M for the quarter that ended in June, in its first quarterly earnings report since its IPO  —  Zomato's losses more than tripled in its first quarterly earnings report since its listing last month as the company's expenses grew …
Tiernan Ray / ZDNet:
NortonLifeLock says that it will merge with Avast in a cash and stock deal worth between $8.1B and $8.6B  —  The two companies said they will create a “new, industry-leading consumer Cyber Safety business.”  —  Antivirus vendor NortonLifeLock this afternoon said it will merge …
Joanna Ossinger / Bloomberg:
Helium, a P2P 5G wireless network startup, raises $111M in an a16z-led token sale, says it has 116K+ wireless hotspots in 11K cities with 500K more back-ordered  —  - Napster's Shawn Fanning co-founded Helium with Amir Haleem  — Ribbit, Alameda, Multicoin among participants in the round
TJ Denzer / Shacknews:
Unity reports Q2 revenue of $273.6M, up 48% YoY, and says it will acquire remote desktop and streaming company Parsec for ~$320M  —  Unity boasted a massive increase in revenue year-over-year and has raised its guidance as a result.  —  As fiscal quarters close and companies report earnings results …

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This is a Techmeme archive page. It shows how the site appeared at 6:10 AM ET, August 11, 2021.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Brooke Singman / Fox News:
Trump says it is “vital” to have a “free, fair, and open media” and he has “an obligation” to be “open and available to the press”

Aditi Agrawal / Hindustan Times:
In a lawsuit, Indian news agency ANI accuses OpenAI of exploiting its news content in an unauthorized manner for commercial gain

Bruna Horvath / NBC News:
Coca-Cola is facing backlash over an AI-generated Christmas video, with many creatives saying it's distasteful to use AI tech instead of the work of artists

More News

Nikhilesh De / CoinDesk:
BitMEX announces a $100M settlement with the CFTC and FinCEN over shortcomings in its anti-money laundering and know-your-customer oversight systems

Earlier Picks

Sarah Perez / TechCrunch:
Venmo will let credit cardholders automatically buy cryptocurrency with the cash back they earn and says there will be no associated transaction fees
Davey Alba / New York Times:
Twitter suspends Rep. Marjorie Taylor Greene for seven days over vaccine misinfo, saying it is her fourth strike and another offense could lead to permanent ban
Danielle Kaye / Reuters:
According to an internal Google pay calculator, staff who choose to work from home will likely get a pay cut, especially those who commuted over long distances
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