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May 10, 2022, 2:40 PM
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WeSmirchTop News
| Brian Heater / TechCrunch: |
Apple discontinues the iPod touch, leaving the device on sale “while supplies last” and ending the product line after debuting the original iPod in October 2001 — Last October marked 20 years of the iPod. It's a remarkable run in the cutthroat, always-iterating world of consumer electronics.
More:
Apple, The Verge, Engadget, 9to5Mac, AppleInsider, 9to5Mac, Ars Technica, PCMag, Macworld, XDA Developers, Gizmodo, Thurrott, ZDNet, AppleInsider, MacRumors, CNET, Appleosophy, iMore, iPhone in Canada Blog, and iMore
| Stacy-Marie Ishmael / Bloomberg: |
A look at Do Kwon's algorithmic stablecoin UST, designed to trade at $1 but which fell as low as $0.60; CoinMarketCap says there is 17.8B UST in circulation — Algorithmic stablecoins, like their more “traditional” counterparts, are supposed to provide calm in the chaos of crypto.
More:
Gizmodo, Ethereum World News, Recovering's Newsletter, Market Meditations, beToken my Friend EN, CNBC, Financial Times, Newslit Daily, Crypto Daily, CNBC, Crowdfund Insider, Protos, and Crypto Briefing
Tweets: @stablekwon, @el33th4xor, @sandeepnailwal, @maybebullish, @bqprime, @crypto, @stablekwon, @emilyjnicolle, @crypto, @twobitidiot, @molly0xfff, @alastairjmarsh, @azeem, @babacugs, and @crypto
| Sam Reynolds / CoinDesk: |
Binance resumes withdrawals of LUNA and UST tokens after suspending them for about six hours due to a high volume of pending withdrawals and “network slowness” — Binance has resumed withdrawals of LUNA and UST tokens after the two tokens crashed on Tuesday on the back of a broader fall in the crypto markets.
More:
Binance, @mhonkasalo, The Block, TradingBTC.com, Cointelegraph, Bloomberg, Waivly, Cryptonews, The Jus, and Decrypt
Tweets: @binance, @hasufl, @bitfinexed, @thecryptolark, @edzitron, @mhonkasalo, @thecryptolark, @mayazi, @karlbode, @markgutman9, and @silvermanjacob
| Michael D McDonald / Bloomberg: |
More:
Financial Times, Cointext.com, Crypto Briefing, and Bitcoin Magazine
Tweets: @nayibbukele, @nayibbukele, @justinsuntron, @nayibbukele, and @pt
| Sam Kessler / CoinDesk: |
| New York Times: |
Sources: Netflix executives told employees that the company plans to launch its lower-priced ad-supported tier and crack down on password sharing in Q4 2022 — Executives said they were aiming to introduce an ad-supported, lower-priced subscription tier in the last three months of the year, quicker than originally indicated.
More:
Android Police, Android Authority, Engadget, TechCrunch, Tom's Guide, CNBC, The Verge, iPhone in Canada Blog, Gizchina, t3.com, Protocol, Variety, KnowTechie, IndieWire, Mashable, iMore, TechRadar, Reuters, Android Headlines, and The Streamable
Tweets: @loudmouthjulia, @discussingfilm, @jasonealt, @mattbelloni, @nytmedia, @dashofdan, @michaelguimarin, @pkafka, @pkafka, and @pkafka
| Laurence Fletcher / Financial Times: |
Analysis: Tiger Global has lost about $17B during 2022's tech stock sell-off, erasing in four months around two-thirds of its gains made since its 2001 launch — Hedge fund suffers ‘breathtaking’ drop as speculative stocks sink from pandemic peaks — Tiger Global has been hit by losses …
More:
PYMNTS.com and Reuters
Tweets: @birdyword, @journofletcher, @alderlaneeggs, @dkthomp, @hkanji, @litcapital, @martinsfp, @refsrc, @breakoutpoint, @ron_miller, and @puppyeh1
| Jordan Novet / CNBC: |
At Monday's close, the largest US tech companies lost $1T+ in value over three trading sessions; Apple lost $220B, Microsoft $189B, Amazon $173B, and Meta $70B — - Apple, the most valuable publicly traded company, has seen its market capitalization trimmed by over $200 billion since Wednesday … | James Pearson / Reuters: |
The UK and the EU say Russia launched a cyberattack on satellite internet network Viasat in February, taking down tens of thousands of modems at the war's onset — Russia was behind a massive cyberattack against a satellite internet network which took thousands of modems offline at the onset …
Source:
European Council and GOV.UK. More:
CyberScoop, BBC, VICE, Metacurity, PCMag, NBC News, BleepingComputer, Engadget, Gizchina, The Record, SecurityWeek, Politico, TechCrunch, Forbes, and ComputerWeekly.com
Tweets: @pwnallthethings, @trussliz, @eucouncilpress, @ridt, @ale_paulus, @mfa_austria, @mikko, @hatr, @netblocks, @azeem, @iiyonite, @780thc, and @ale_paulus
| Steve Dent / Engadget: |
Sony reports Q4 gaming revenue rose 0.76% YoY to ~$5.1B; PS5 sales of 2M, down from 3.3M QoQ, hitting 19.3M total, ~3.1M below the PS4 at the same point in time — Sony announced that it sold just 2 million PlayStation 5 units last quarter (Q4), bringing its overall total to 19.3 million.
More:
Sony, Bloomberg, Game Developer, Reuters, IGN, TechRadar, Eurogamer.net, Kotaku, OnMSFT.com, VentureBeat, Bloomberg, MobileSyrup, Android Central, TechSpot, PCMag, Engadget, and Variety
Tweets: @romudeth, @gibbogame, @tomwarren, and @6d6f636869
| Dave Lee / @daveleeft: |
[Thread] In an interview, Musk says Twitter has a “left bias”, he would “literally put” its “algorithm on GitHub”, and he thinks he would reverse Trump's ban — Twitter currently the “least bad” public square, @elonmusk says at #FTCar. “In order to be better at that it needs to get rid of the bots, the scams.” Live here: https://www.youtube.com/...
| Washington Post: |
More:
Associated Press, The Verge, Nieman Lab, New York Post, Bloomberg, and TechCrunch
Tweets: @thierrybreton, @elonmusk, @elonmusk, @elonmusk, @josephmenn, @dineshdsouza, @diazbriseno, @pschwarzenegger, @goangelo, and @novelsci
| New York Times: |
Interviews with 50+ people detail the rapid rise of Bolt, which overstated its tech and numbers, as its valuation soared from $250M in 2018 to $11B in 2021 — The start-up has had a meteoric rise, thanks to its charismatic co-founder, Ryan Breslow. But he sometimes stretched the truth to get there.
More:
Slashdot. Tweets: @erinkwoo, @robinwauters, @brad262run, @rmac18, @bizcarson, @sarahhalzack, @kateclarktweets, @mslopatto, @olumuyiwa__, @bizcarson, @aznfusion, @ceciliakang, @davidenrich, and @lizzieohreally
| Bloomberg: |
Nintendo reports Q4 revenue rose 6% YoY to ~$2.9B as profit rose 0.6% YoY to $922M; Switch sales were 4.11M, for 23.1M total; Nintendo will split its stock 10:1 — Nintendo Co. will split its stock into 10 from October, potentially propping up the shares as the Mario creator struggles …
More:
Nintendo, Game Developer, The Verge, TechCrunch, VentureBeat, VentureBeat, Financial Times, CNBC, GameSpot, IGN, and Polygon
Tweets: @6d6f636869, @6d6f636869, @muradahmed, and @tomwarren
| Corin Faife / The Verge: |
Report: ICE has used private data brokers to bypass legal restrictions and build a surveillance system capable of “pulling detailed dossiers” for most US adults — Authors of the American Dragnet study say the agency is increasingly unaccountable to legislators
More:
American Dragnet and The Guardian
Tweets: @iblametom, @eff, @corintxt, @michaelguimarin, and @carnage4life
| Hayden Field / Emerging Tech Brew: |
A profile of influential quantum computing physicist Jerry Chow, who joined IBM in 2010 and leads IBM Quantum, which said it broke the 100-qubit barrier in 2021 — We visited Jerry Chow, one of the field's most influential scientists, at IBM's quantum research lab.
Tweets: @haydenfield, @pstasiatech, and @joshsternberg
| Callan Quinn / The Block: |
Casa, which offers a “self-custody” bitcoin wallet and just launched an API to help businesses integrate multi-sig wallets, raises a $21M Series A — Quick Take — Casa has raised $21 million in a round led by Acrew Capital. — The company also announced a new API … | Thomas Claburn / The Register: |
Study claims the implementation of EU's GDPR has reduced the number of apps on Google Play by a third, increased costs, and reduced revenues for app developers — Privacy rules increase cost, reduce choice, slash revenues, study concludes — Europe's data protection regime has reduced …
More:
Ziggurat and Telecoms.com
| Ionut Ilascu / BleepingComputer: |
Researchers detail a malicious campaign that used Windows event logs to store malware, a technique that has not been previously documented publicly in attacks — Security researchers have noticed a malicious campaign that used Windows event logs to store malware, a technique … | Brandy Betz / CoinDesk: |
Congo-based Jambo, a Web3 “super app” featuring play-to-earn games and more, raises $30M Series A led by Paradigm, marking Paradigm's first investment in Africa — Jambo, a Congo-based startup building a Web 3 user acquisition platform, has closed a $30 million Series …
More:
Jambo Technology
| Aisha Malik / TechCrunch: |
TikTok will roll out its “Friends” tab, dedicated to watching your “friends' videos”, to more people over the coming weeks, replacing the “Discover” tab — TikTok is rolling out a new “Friends” tab that replaces the “Discover” tab in the bottom menu of the app.| Yogita Khatri / The Block: |
Talos, a crypto trading infrastructure startup for institutional investors, raises a $105M Series B led by General Atlantic at a $1.25B valuation — Quick Take — Talos is now a unicorn with $105 million in new funding from Citigroup, Wells Fargo and others.| Frederic Lardinois / TechCrunch: |
Supabase, an open-source Firebase alternative, raises an $80M Series B led by Felicis Ventures and says 80K+ devs have created 100K+ databases on the service — Supabase, which bills itself as an open source alternative to services like Google's Firebase, today announced that it has raised … | Manish Singh / TechCrunch: |
Crypto exchange KuCoin raises a $150M pre-Series B led by Jump Crypto at a $10B valuation, up from $100M in November 2018, and says it has 18M+ users — KuCoin's valuation has surged to $10 billion in its first financing round in four years as the global cryptocurrency exchange looks …
More:
CoinDesk, FinSMEs, Ethereum World News, Crowdfund Insider, Forbes, Cointext.com, Tech in Asia, and CoinJournal
| Ingrid Lunden / TechCrunch: |
Paddle, which provides a billing backend for SaaS companies, raises a $200M Series D led by KKR at a $1.4B valuation, bringing its total raised to $293M — Software as a service has become the default for how organizations adopt and use apps these days, thanks to advances in cloud computing and networking … | Paul Alcorn / Tom's Hardware: |
Intel unveils Alder Lake HX laptops chips coming this year, with up to 16 cores, peak clock rates of 5.0 GHz, and a 55W base power draw that can stretch to 157W — Up to 16 cores, 5.0 GHz, and 157W of peak power draw — Intel is bulking up its family of Alder Lake mobile CPUs …
More:
AnandTech, SiliconANGLE, HotHardware.com News, Gizmodo, The Verge, Forbes, PCWorld, ZDNet, VideoCardz.com, PCMag, Engadget, VentureBeat, XDA Developers, Liliputing, and Intel. Thanks:@paulyalcorn
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BleepingComputer, Security Affairs, Cisco Talos Intelligence Group, TechRadar, Threatpost, and SecurityWeek
Tweets: @malwarejake, @wdormann, @realgenekim, @z3r0trust, and @wdormann
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