Techmeme: DeFi platform bZx says a hacker stole an estimated $55M worth of cryptocurrency assets after spear-phishing one of its employees and swiping two private keys (Catalin Cimpanu/The Record)

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November 7, 2021, 10:45 AM

Top News

Nikhilesh De / CoinDesk:

The US infrastructure bill amends tax code section 6050I to require certain recipients of digital assets worth $10K+ to report sender details to the IRS — The U.S. House of Representatives voted to pass a bipartisan infrastructure bill that contains a controversial cryptocurrency tax reporting requirement.

More: DeCential, Tech Policy Press, Decrypt, Crowdfund Insider, Notebookcheck.net, Cointelegraph, Cointelegraph, and Crypto Briefing

Tweets: @brian_armstrong, @dalperovitch, @jakesherman, @msuiche, @cranehassold, @dalperovitch, and @ecombryan

Jacob Pramuk / CNBC:

House passes $1T+ bipartisan infrastructure bill, with a controversial crypto tax provision and $65B in broadband funding; Biden could sign the bill within days — - The House passed a more than $1 trillion bipartisan infrastructure bill, sending it to President Joe Biden for his signature.

Source: The White House. More: The Record, The White House, The White House, Bitcoinist.com, CNET, Slashdot, Forbes, Benzinga, Politico, and NPR. Tweets: @m_f_rose

Kevin Roose / New York Times:

The NFT.NYC conference, now in its third year, was a coming-out party for the NFT community, attracting a record 5,000 attendees from artists to corporate suits — NFT.NYC, a gathering for nonfungible token enthusiasts, offered a taste of a crypto-filled future.

More: The Verge and Nikkei Asia

Christopher Mims / Wall Street Journal:

How a scarcity of secondhand chip manufacturing machines, which use older fabrication techniques, has exacerbated the global chip shortage — The world is hungry for semiconductors, and not all of them need to be made with cutting-edge technology. The race is on to find older machines that can still crank out chips.

Tweets: @trengriffin, @chadbown, @adityapolsani99, @mparekh, and @mims

Matt Burgess / Wired:

A look at the fight between city officials and parents over Stockholm's glitchy app for its schools, as annoyed parents built their own open source version — Stockholm's official app was a disaster. So annoyed parents built their own open source version—ignoring warnings that it might be illegal.

Tweets: @petercoffee, @lgworld, @masspirates, @lex_crawford, @jalager, @elfsternberg, @mraharrisoncs, @iethics, and @mattburgess1

Catalin Cimpanu / The Record:

DeFi platform bZx says a hacker stole an estimated $55M worth of cryptocurrency assets after spear-phishing one of its employees and swiping two private keys — A hacker has stolen an estimated $55 million worth of cryptocurrency assets from bZx, a decentralized finance (DeFi) …

More: bZx network, Insider, Security Affairs, BitcoinExchangeGuide, Crypto Briefing, Decrypt, CoinDesk, The Block, and Benzinga

Tweets: @kennwhite, @phhaith1, @bzxhq, @carnage4life, @definews_info, @chrisblec, @alexisgoldstein, @arekfurt, @dcuthbert, and @campuscodi

Sarah Gooding / WP Tavern:

A recently unredacted antitrust complaint alleges that Google gives AMP a “nice comparative boost” by throttling load times of non-AMP ads via one-second delays — The Chrome Dev Summit concluded earlier this week. Announcements and discussions on hot topics impacting …

Tweets: @robinberjon, @jameshercher, @joshhostels, @andrew_morgs, @triblondon, @adriaanvrossum, @lehors, and @campuscodi

Madeleine Morley / New York Times:

A look at digital pets site Neopets, which had 25M users in the mid-2000s, as owner JumpStart Games says 30%-40% of former users returned since March 2020 — When Allison Kennedy visited her Neopets in May after a four-year hiatus, they were crying. Big blue tears of hunger and sadness ran down their cheeks.

Tweets: @_rossandrea, @abbyhamblin, @nytimesarts, @gretakaul, @emersongreg, @kirstenmorry, @wearenew_public, @caitlinsgilbert, @cindypepper, @tiffmoustakas, @dodaistewart, @nthnashma, and @shannon_liao

Benjamin Mayo / 9to5Mac:

Report: Apple and TSMC plan to produce 3nm chips for Macs as soon as 2023, with as many as four dies and up to 40 CPU cores per chip — Apple is taking the PC world by storm with its first debut of Apple Silicon chips inside of Macs, taking what it learned from developing the iPhone and iPad …

Source: The Information. More: AppleInsider, Neowin, Tom's Guide, Macworld, Ars Technica, Philip Elmer‑DeWitt, Ubergizmo, BGR, AppleInsider, TechRadar, Tom's Hardware, Macworld, MacRumors, Slashdot, and MacDailyNews

Tweets: @carniphage, @tedjgould, @brianroemmele, @waynema, and @markdistef

Christine Hall / TechCrunch:

Neuro-ID, whose real-time behavioral analytics tool helps companies reduce fraud and customer friction, raises a $35M Series B led by Canapi Ventures — Much of our days are built around digital experiences, and companies are increasingly looking for ways to unlock conversion and optimize fraud screening.

More: Business Wire and PYMNTS.com

Tweets: @jeffreyreitman, @walkerforehand, and @haley_codes

Sam Biddle / The Intercept:

FOIA records show US Treasury bought location and other app data from controversial company Babel Street in recent months to hunt for tax and sanctions dodgers — The Treasury Department has in recent months expanded its digital surveillance powers, contracts provided to The Intercept reveal …

More: Engadget. Tweets: @crewcrew, @carnage4life, @samfbiddle, and @_jack_poulson

Lucia Maffei / Boston Business Journal:

Botkeeper, which provides AI-powered bookkeeping automation software, raises a $42M Series C led by Grand Oaks Capital, bringing its total funding to $89.5M — Boston-based bookkeeping automation software provider Botkeeper plans to double its engineering team after raising $42 million in a Series C round led by Grand Oaks Capital.

More: FinSMEs, Accounting Today, and PR Newswire. Tweets: @bosbizlucy

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From Mediagazer

Brian Steinberg / Variety:

Memo: David Leavy, who became CNN's COO in 2023, is leaving; sources say the longtime key lieutenant of David Zaslav is returning to Warner Bros. Discovery

Lachlan Cartwright / Breaker:

Email: a senior business reporter at The New York Post says an editor spiked a story about Terry Cole, Trump's pick to lead the DEA, slated to run on March 22

Dominic Ponsford / Press Gazette:

The UK's Press Gazette launches a paywall, charging £9.99 per month or £99 per year, and plans to add AI-enhanced search, its first app, and a print product

More News

PYMNTS.com:

Abound, an online wholesale marketplace connecting retailers and brands, raises a $36.7M Series B led by D. E. Shaw, bringing its total funding to $59.6M

Source: PR Newswire. More: AlleyWatch

FinSMEs:

Gather, which builds metaverse-like environments for offices, events, and conferences, raises a $50M Series B led by Sequoia Capital and Index Ventures

Source: Gather. More: Fast Company

Tweets: @flippnflops, @jowyang, and @joshelman

PYMNTS.com:

Plate IQ, which develops invoice and payments software for the restaurant and hospitality industry, raises a $160M Series B from FTV Capital

Source: Business Wire. More: PitchBook

Bloomberg:

Medical records and billing software provider Kareo merges with health care IT company PatientPop to form Tebra; source: Tebra is valued at $1B including debt

Source: Business Wire. More: eMarketer and FierceHealthcare

Jamie Crawley / CoinDesk:

Bitcoin Cash briefly spiked 4.6% on Friday after a fake PR Newswire press release, which also appeared on Kroger.com, claimed Kroger will begin accepting it

More: Reuters, Bloomberg, MarketWatch, Wall Street Journal, Crypto Briefing, The Verge, CoinDesk, The Daily Hodl, Bitcoinist.com, Techaeris, Mashable, The Block, and Cointelegraph

Tweets: @crypto, @thestalwart, and @reuters

Earlier Picks

Harrison Weber / dot.LA:

Bird closes its first day on the NYSE flat at $8.40 per share, after going public via a SPAC merger which valued it at ~$2.3B

More: Reuters, li.me, and TheStreet

Antoine Gara / Financial Times:

Sources: McAfee is in advanced talks to go private in a deal worth over $14B, including $4B in debt, led by private equity firm Advent International

More: Wall Street Journal, PCMag, The Economic Times, Bloomberg, The Motley Fool, Insider, MarketWatch, CRN, Silicon Valley Business …, and Reuters

Chance Miller / 9to5Mac:

Apple says it has identified and fixed a firmware issue with its T2 security chip, which bricked some Macs while upgrading to macOS Monterey

More: Macworld, Gizmodo, Redmond Pie, Techaeris, Gizchina, Ubergizmo, iPhone in Canada Blog, The Verge, iDownloadBlog.com, iPhone Hacks, iClarified, and AppleInsider

Tweets: @reneritchie and @campuscodi

Balaji Srinivasan / @balajis:

Twitter commentary erupts after Microsoft Ignite speakers described their physical appearance and race and noted the Microsoft campus was built on native land