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Techmeme
June 24, 2022, 4:05 PM
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Top News

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.
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.
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.
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 …
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.
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.
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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About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:05 PM ET, June 24, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Alex Weprin / The Hollywood Reporter:
Memo: Vanity Fair Editor Radhika Jones tells staff that she will step down this spring after seven years of leading the Condé Nast-owned magazine

Ethan Shanfeld / Variety:
Director Carl Rinsch pleads not guilty to fraud and money laundering after allegedly taking $11M from Netflix for an unfinished series; trial is set for Sept. 8

Bron Maher / Press Gazette:
The Independent says it hired seven people for its AI-written summarization service, Bulletin, and that the stories often outperform the human-written originals

More News

Leo Schwartz / Rest of World:
In Mexico City, Facebook has emerged as a low-cost alternative to food delivery services like Uber Eats and Rappi, as restaurateurs seek to avoid ~30% fees
Natasha Lomas / TechCrunch:
Italy's data watchdog finds a local web publisher's use of Google Analytics violates EU data protection rules due to the privacy risk of data transfer to the US
Reuters:
Cisco plans to wind down its business in Russia and Belarus, after suspending its Russia operations in March 2022, and offers to relocate its few hundred staff

Earlier Picks

Ben Schoon / 9to5Google:
OSOM, founded by ex-Essential employees, scraps its OV1 phone and partners with Solana to produce Saga, a $1,000 Web3-focused Android phone launching in Q1 2023
Frederic Lardinois / TechCrunch:
Amazon launches CodeWhisperer, a GitHub Copilot-like AI pair programming tool, in preview within the AWS IDE Toolkit, supporting Java, JavaScript, and Python
Zack Whittaker / TechCrunch:
Google details the commercial spyware Hermit, used in Kazakhstan and Italy, targeting Android and iOS; the iOS version has six exploits, including two zero-days
Phillip Tracy / Gizmodo:
Microsoft announces gaming features for Edge, including a new homepage, exclusive free-to-play games, Clarity Boost for streamed games, and a performance option
Jon Porter / The Verge:
Google plans to bring Chrome's Enhanced Safe Browsing, which helps track URLs to monitor dangerous websites, to Chrome for iOS, expanding on Android and desktop
Mariella Moon / Engadget:
Spotify replaces Concert Hub with a Live Events Feed, populated by Ticketmaster, AXS, DICE, Eventbrite, See Tickets, and other partners, for finding tour dates
Maddie Ellis / Wall Street Journal:
Instagram begins testing tools to verify ages, starting with 17 and under, using either Yoti's facial video analysis, photo IDs, or adults vouching for users
Jeffrey Dastin / Reuters:
Amazon is working on letting Alexa mimic any voice after hearing less than a minute of audio, as a way to “make the memories last” of deceased family members
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