Techmeme
February 25, 2022, 2:40 AM

Top News

Reuters:
Sources: Ukraine is asking for volunteers from its hacker community to protect critical infrastructure and conduct cyber spying missions against Russian troops  —  The government of Ukraine is asking for volunteers from the country's hacker underground to help protect critical infrastructure …
Reuters:
Experts say Russia's invasion of Ukraine could exacerbate chip shortages; Ukraine supplies 90%+ of US semiconductor-grade neon critical for chipmaking lasers  —  Russia's invasion of Ukraine read more by land, air and sea risks reverberating across the global chip industry and exacerbating current supply-chain constraints.
New York Times:
Experts say Russia could use cryptocurrency tools to lessen the impact of US sanctions, including a forthcoming digital ruble and spoils from ransomware attacks  —  Russian companies have many cryptocurrency tools at their disposal to evade sanctions, including a so-called digital ruble and ransomware.
Jonathan Greig / ZDNet:
Lauren Feiner / CNBC:
Coinbase beats with $2.5B Q4 revenue, $840M net income, and 11.4M monthly transacting users, up from 7.4M in Q3; 2021 revenue was $7.4B, up from $1.1B in 2020  —  - Coinbase reported fourth-quarter earnings after the bell on Thursday.  — The earnings come after major cryptocurrencies saw …
Michael McSweeney / The Block:
Block reports Q4 revenue of $4.08B, up 29% YoY, and $1.96B in Cash App bitcoin revenue, up 12% YoY; bitcoin revenue hit $10B in 2021, up 119%; stock is up 20%+  —  Quick Take  — Payments company Block, formerly known as Square, said Thursday that it made $1.96 billion in bitcoin revenue during …
Michael McSweeney / The Block:
The US DOJ says BitMex co-founders Arthur Hayes and Benjamin Delo pled guilty to violating the US Bank Secrecy Act and each agree to pay a $10M criminal fine  —  The Department of Justice said Thursday that Arthur Hayes and Benjamin Delo, co-founders of the crypto derivatives exchange BitMEX …
Richard Lawler / The Verge:
Tumblr launches an ad-free tier for $4.99/month or $39.99/year on desktop and in its mobile apps; Tumblr was once opposed to displaying ads, but caved in 2012  —  You can fix one of Tumblr's problems, for a fee  —  Tumblr announced today that users can opt out of ads (on the desktop and in its mobile apps) …
Kate Park / TechCrunch:
Singapore-based Beam, whose e-scooters and e-bikes are in 35 cities across Malaysia, Thailand, South Korea, Australia, and New Zealand, raises a $93M Series B  —  Beam, a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia.
Nathan Munn / The Verge:
A former Pornhub social media manager and content moderator recounts his time at the MindGeek-owned website, and how management prioritized growth over safety  —  In summer of 2010, I was broke and needed a job.  Walking the sunbaked streets of Montreal's downtown, I called up old friends hoping for a lead.
Adi Robertson / The Verge:
Mark Zuckerberg showcases a concept for voice-controlled VR space generated by AI, plans for a universal language translator, and more in a Meta livestream  —  'Let's go to the beach'  —  Meta is testing an artificial intelligence system that lets people build parts of virtual worlds by describing them …
Shirin Ghaffary / Vox:

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