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June 24, 2022, 3:55 PM
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| Brian Newar / Cointelegraph: |
Harmony stops its Horizon bridge between Ethereum, Binance Chain, and Bitcoin after a theft of ~$100M in altcoins; Harmony says its BTC bridge was not impacted — The layer-1 blockchain's main bridge between Ethereum, Binance Chain, and Bitcoin has been exploited for nine figures, but says its BTC bridge has not been affected.
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Harmony, CNBC, The Record, Bloomberg, Decrypt, PCMag, The Economic Times, PYMNTS.com, TechCrunch, USA Today, Benzinga, CryptoPotato, Defillama round-up🦙, Bitcoinist.com, Crypto Daily, crypto.news, CoinQuora, Micky, ZyCrypto, Cryptonews, Another Day in Crypto, San Francisco Business Journal, and Web3 is going just great
| Finextra: |
Crypto trading platform Bitpanda, which has 1,000+ staff per LinkedIn and raised $263M at a $4.1B valuation in 2021, says it is cutting its headcount to ~730 — Vienna-based Bitpanda is the latest crypto player to make job cuts, informing staffers that it will axe hundreds of positions as it face up to a dramatically altered market.
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blog.bitpanda.com, CoinDesk, Bloomberg, The Block, and Web3 is going just great
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| Jonathan Greig / The Record: |
The CISA and the US Coast Guard Cyber Command warn companies of Log4Shell exploits in the wild, citing one incident of threat actors exfiltrating 130GB+ of data — The Cybersecurity and Infrastructure Security Agency (CISA) and the United States Coast Guard Cyber Command (CGCYBER) … | Lauren Feiner / CNBC: |
Zendesk agrees to be acquired by an investor group in an all-cash deal valuing the company at ~$10.2B and will go private once the deal closes; stock is up 25%+ — - Customer experience software company Zendesk agreed to be acquired by an investor group in an all-cash transaction valuing it around $10.2 billion.
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| Wall Street Journal: |
Sources: FTX is in talks to acquire a stake in BlockFi but no equity agreement has been reached; FTX gave the crypto lender a $250M credit line this week — FTX gave crypto lender a $250 million credit line this week — Crypto billionaire Sam Bankman-Fried has become a lender of last resort to his beleaguered industry.
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Decrypt, The Block, CoinDesk, Ethereum World News, Fortune, GRIT CRYPTO, and CryptoSlate
Tweets: @mayazi, @mslopatto, and @silvermanjacob
| Aaron Tilley / Wall Street Journal: |
Walmart says its hybrid cloud system now has 10K “edge nodes” across the US, cutting annual cloud spending by 10%-18% and lessening its reliance on cloud giants — Retailer says new hybrid system allows the company to switch between cloud providers and its servers, saving time and money| Oliver Knight / CoinDesk: |
Axie Infinity developer Sky Mavis plans to restart its bridge and reimburse ~$216.5M in USDC and ether on June 28 to the victims of the $625M Ronin bridge hack — A total of $216.5 million in USDC and ethereum at today's prices will be returned to users. — Sky Mavis, the developer behind …
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Bloomberg, Finbold, Cointelegraph, Gizmodo, Tech in Asia, CryptoSlate, CoinQuora, and Cryptonews
| Davey Alba / Bloomberg: |
Source: in February, Meta started an official internal process to shut down CrowdTangle, but paused the plan as the EU's Digital Services Act gained traction — On May 17, as several states held their primary elections, Jesse Littlewood searched the internet using a tool called CrowdTangle …
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Fossbytes, Waivly, Protocol, and The Verge
| Aoyon Ashraf / CoinDesk: |
Coinbase Derivatives Exchange plans to launch its first crypto derivatives product, Nano Bitcoin futures (BIT), at 1/100th of the size of a Bitcoin, on June 27 — Coinbase Derivatives Exchange hopes to capitalize on a market that is $3 trillion in volume worldwide and provide hedging options for traders.
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The Coinbase Blog, The Block, Bloomberg, CryptoPotato, Bitcoin News, Crypto Briefing, crypto.news, Cryptonews, and Decrypt. Tweets: @coindesk
| Mack DeGeurin / Gizmodo: |
Report: Twitter gave Elon Musk more user data, including real-time API information, after he complained the large historical data he received wasn't enough — The company reportedly provided Musk with a new tranche of data after his team claimed they couldn't properly run tests to discover evidence of bots.| Manish Singh / TechCrunch: |
Zomato acquires instant delivery service Blinkit, formerly Grofers, for $568.1M in stock; Blinkit raised ~$700M in total and had a $1B+ valuation in June 2021 — Zomato has acquired Blinkit, a struggling 10-minute grocery delivery startup, in a $568.1 million deal as the loss-making food delivery firm looks … | FinSMEs: |
Tapcheck, a financial wellness service that works with companies like McDonald's to let workers access their earnings before payday, raised a $20M Series A — Tapcheck, a Los Angeles, CA-based financial wellness benefit company, raised $20m in Series A funding. — The round was led by PeakSpan Capital.
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Fintech Finance
| Zheping Huang / Bloomberg: |
How TikTok is cashing in on its exploding popularity; source: TikTok plans to grow its e-commerce gross merchandise volume to $2B in 2022 and $23B in 2023 — Alyssa McKay used to work part-time at a frozen yogurt store in Portland, Oregon, making minimum wage to cover her college tuition.
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Techdirt, Insider, and The New
Tweets: @hancocktom, @ericjackson, @zoescaman, @pelstrom, and @joshuatopolsky
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