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June 30, 2022, 11:40 AM
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CoinDesk:
Sources: digital asset trading firm Genesis is potentially facing “hundreds of millions” of dollars in losses, partly through exposure to 3AC and Babel Finance  —  The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.
Yogita Khatri / The Block:
Source: FTX walked away from a deal with Celsius after finding the crypto lender has a $2B hole in its balance sheet  —  - FTX was interested in making a deal with Celsius but walked away because of the state of its finances, two sources told The Block.  — Celsius had a $2 billion hole in its balance sheet, one source said.
Rita Liao / TechCrunch:
OpenSea tells customers that an employee at email vendor Customer.io downloaded and sent email details to an external party, impacting almost all users  —  Opensea, the popular NFT marketplace that hit a colossal $13 billion valuation in January, is warning users of email phishing after a data breach.
Joyce Lee / Reuters:
Samsung becomes the first to mass produce 3nm chips, beating TSMC, touting 45% lower power usage compared to 5nm chips, a 16% smaller surface area, and more  —  Samsung Electronics Co Ltd (005930.KS) said on Thursday it has begun mass producing chips with advanced 3-nanometre technology …
Ari Notis / Kotaku:
Unity lays off over 200 people, or 4% of its workforce, two weeks after the CEO said at an all-hands meeting that there would not be any layoffs  —  Management at the company behind the free game development engine has been a ‘shit show’ recently, sources say
Filipe Espósito / 9to5Mac:
Apple says South Korean app developers can now use external payment methods from KCP, Inicis, Toss, and NICE by submitting a new version, reducing fees by 4%  —  Earlier this year, Apple announced that it would comply with a new law in South Korea that required the company to allow third-party payment providers in App Store apps.
Stephen Nellis / Reuters:
Apple's CarPlay update, demoed at WWDC, lets users navigate to a pump and buy gas from its dashboard  —  Apple Inc (AAPL.O) wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version of its CarPlay software rolls out, accelerating …
Stephen Alpher / CoinDesk:
MicroStrategy purchased 480 bitcoins at a $20,817 average price from May 3 to June 28, bringing its holdings to 129,699, acquired for ~$3.98B or $30,664 each
Nikhilesh De / CoinDesk:
Grayscale Investments sues the US SEC after the agency rejected its application on Wednesday to convert its flagship Grayscale Bitcoin Trust product to an ETF  —  The SEC rejected Grayscale's application to convert its Grayscale Bitcoin Trust to an exchange-traded fund earlier Wednesday.
Karen Weise / New York Times:
Amazon documents show it will restrict items and search results related to LGBTQ people and issues in the UAE, after the Emirati government threatened penalties  —  Sales of items including flags and books were blocked in the country, where homosexuality is criminalized.  — Give this article- - - Read in app
Reuters:
An investigation details an Indian hacking-for-hire scheme to obtain documents in legal cases, starting in 2013 and targeting 100+ US and European organizations  —  A trove of thousands of email records uncovered by Reuters reveals Indian cyber mercenaries hacking parties involved …
Wired:
Section 230 is the last line of defense for online abortion speech, without which platforms could face legal liability for distributing abortion information  —  Dobbs should be a wake-up call for anyone seeking to undercut the immunity protections afforded by Section 230 of the Communications Decency Act.
Jason Schreier / Bloomberg:
Niantic, the company behind Pokémon Go, lays off 8% of its staff, around 85 to 90 people, and cancels four projects; Niantic was valued at $9B in November 2021  —  Gaming company Niantic Inc., which has struggled to find another big hit following its 2016 game Pokémon Go …
Bloomberg:
EU lawmakers provisionally agree on anti-laundering rules for crypto, requiring verified customer identities for transfers between regulated digital wallets  —  The European Parliament and Council reached a provisional agreement to force crypto providers to provide identifying information …
Raffaele Huang / Wall Street Journal:
Sources: Tencent, ByteDance, and others lay off thousands of employees, after Chinese internet companies cut tens of thousands during regulatory crackdowns  —  Latest round of job cuts at Chinese tech giants comes even as Beijing signals easing of its regulatory campaign against the sector
Sam Biddle / The Intercept:
Documents: Coinbase is selling its intelligence-gathering tool Coinbase Tracer to ICE, letting the agency track crypto transactions, including bitcoin and ether  —  Coinbase, the largest cryptocurrency exchange in the United States, is selling Immigrations and Customs Enforcement a suite …
Dan Goodin / Ars Technica:
Researchers detail sophisticated malware targeting various routers and taking over Windows, macOS, and Linux devices, in North America and Europe for ~2 years  —  Router-stalking ZuoRAT is likely the work of a sophisticated nation-state, researchers say.  —  An unusually advanced hacking group …
Wall Street Journal:
Researchers say some businesses are exaggerating AI's capabilities, brewing misunderstanding and distorting policymakers' views of AI's power and fallibility  —  Google, Meta and OpenAI are investing heavily in the technology, which is increasingly capturing the public imagination

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This is a Techmeme archive page. It shows how the site appeared at 11:40 AM ET, June 30, 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

Benjamin Mullin / New York Times:
Memo: WaPo CEO Will Lewis tells staff they'll be expected to work from the office five days a week, instead of three, by June 2, and by February 3 for managers

Dade Hayes / Deadline:
In an earnings call, David Zaslav says the Trump Administration may be more merger friendly, enabling a “real positive and accelerated impact on this industry”

Taylor Lorenz / User Mag:
How conservatives nurtured and funded a vast network of online influencers and creators, and how structural disadvantages prevent the left from replicating it

More News

Andrew Deck / Rest of World:
Qurium report: 1M+ bots are targeting Iranian #MeToo activists on Instagram in a coordinated harassment campaign using social media marketing firms in Pakistan
Financial Times:
An investigation details an operation by Chinese hacking group APT40 to lure graduates into spying and translating stolen documents using a front company
Jeanne Whalen / Washington Post:
A Taiwanese minister and TSMC board member urges US Congress to pass the Chips Act, saying the pace of building TSMC's Arizona chip factory depends on subsidies

Earlier Picks

Financial Times:
Officials in Zhengzhou, China, used a location-based health code system to prevent protests by forcing 1,000+ depositors of failing rural banks to quarantine
Aisha Counts / Protocol:
Google Workspace head Javier Soltero, who managed Google's productivity and collaboration tools including Gmail and Meet, is leaving the company on July 15
Moneycontrol:
Sources: Byju's laid off 1,500+ staff from Toppr and WhiteHat Jr, companies it acquired over the past two years, and nearly 1,000 from its core operations teams
Margi Murphy / Bloomberg:
Elliptic: North Korea-backed hacking group Lazarus might be behind Harmony's $100M altcoin theft; the hack bore similarities to the $600M Ronin bridge attack
Lawrence Abrams / BleepingComputer:
Firefox now offers a feature to strip some web trackers of Meta, HubSpot, and Marketo from URLs, following similar functionality in Brave
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