Techmeme
August 23, 2021, 1:30 PM

Top News

Ryan Browne / CNBC:
After criticism, Centre, the consortium founded by Circle and Coinbase, says its stablecoin USDC will now back reserves with only cash and US treasuries  —  - Digital currency company Circle says it's changing the makeup of its dollar-pegged stablecoin USD Coin to just cash and U.S. Treasury bonds.
Lily Hay Newman / Wired:
Researchers find 1K+ web apps, from Ford, American Airlines, and others, mistakenly exposed 38M records stored on Microsoft's Power Apps service  —  Misconfigured Power Apps from Microsoft led to more than a thousand web apps accessible to anyone who found them.
Gillian Tan / Bloomberg:
Nigerian mobile payments service OPay raises $400M led by Vision Fund 2 at a $2B valuation, marking SoftBank's first investment in Africa  —  - Sequoia Capital China and Redpoint China also participated  — Investment marks Vision Fund 2's first bet in Africa
Yogita Khatri / The Block:
Visa says it acquired CryptoPunk 7610, one of the 3,840 female punk NFTs, for around $150K last week, adding it to its art collection  —  Quick Take  — Visa has bought CryptoPunk 7610 as it enters into the world of NFT commerce.  — “NFTs are an intersection of culture and commerce …
Ryan Browne / CNBC:
PayPal will launch its cryptocurrency service in the UK this week, the product's first international expansion since it debuted in the US in 2020  —  - PayPal will let British customers buy, hold and sell digital currencies, starting this week.  — It marks the first international expansion …
Lawrence Abrams / BleepingComputer:
A bug in Razer's Synapse software, which Windows fetches and installs when a Razer accessory is plugged in, lets anyone with a Razer mouse gain admin privileges  —  A Razer Synapse zero-day vulnerability has been disclosed on Twitter, allowing you to gain Windows admin privileges simply by plugging in a Razer mouse or keyboard.
Packy McCormick / Not Boring:
An in-depth look at Solana blockchain project: $0.0001/transaction and 65,000 transactions/second, well ahead of Bitcoin and Ethereum, and a $21.2B market cap  —  The $21B Blockchain and the Arrow of Time … Today's essay, the whole thing, is brought to you by... Solana  —  Hi friends 👋,
Alex Wilhelm / TechCrunch:
Shelf.io, which helps companies organize info to quickly find answers and respond to customers, raises $52.5M Series B led by Tiger Global and Insight Partners  —  Covering public companies can be a bit of a drag.  They grow some modest amount each year, and their constituent analysts pester …
Tilly Kenyon / FinTech Magazine:
London-based online payments company Paysafe will acquire LATAM-focused e-commerce payment service SafetyPay for $441M in cash  —  Paysafe's latest acquisition of SafetyPay enables it to further scale in the high-growth Latin American region Paysafe, a specialised payments platform …

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More News

Manish Singh / TechCrunch:
Cecilia D'Anastasio / Wired:
Edd Gent / IEEE Spectrum:

Earlier Picks

Rebekah Valentine / IGN:
Sami Fathi / MacRumors:
Elizabeth Dwoskin / Washington Post:
Post-Culture / @postcultrev: