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June 30, 2022, 2:30 PM
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Top News

Yogita Khatri / The Block:
Source: FTX walked away from a deal with Celsius after finding the crypto lender had a $2B hole in its balance sheet and was difficult to deal with  —  - FTX was interested in making a deal with Celsius but walked away because of the state of its finances, two sources told The Block.
Kate Rooney / CNBC:
Sources: FTX is close to finalizing a term sheet to buy BlockFi for around $25M; BlockFi was last valued at $4.8B, per PitchBook  —  - Crypto exchange FTX is close to finalizing a term sheet to buy BlockFi and a deal is expected to be signed by the end of this week, three sources familiar with the situation told CNBC.
Yueqi Yang / Bloomberg:
CoinFlex postpones resuming withdrawals; CEO says they will return “as soon as possible, upon a successful raise” but won't share how much its token has raised  —  Cryptocurrency exchange CoinFlex won't resume withdrawals Thursday as it had planned as it continues to raise funds …
CoinDesk:
Sources: digital asset trading company Genesis is potentially facing “a few hundred million dollars” in losses, partly through exposure to 3AC and Babel Finance
Rita Liao / TechCrunch:
OpenSea warns all its users of email phishing attempts after an employee at email vendor Customer.io downloaded and sent email details to an external party  —  Opensea, the popular NFT marketplace that hit a colossal $13 billion valuation in January, is warning users of email phishing after a data breach.
Joanna Ossinger / Bloomberg:
Bitcoin is on track for its worst quarter since Q3 2011, plunging 58%, after sliding 6%+ to fall below $19,000 on Thursday, the second time in a fortnight  —  Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment.
Ari Notis / Kotaku:
Unity lays off “slightly more than 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
Stephen Nellis / Reuters:
Apple's CarPlay update, demoed at WWDC 2022, will let users tap an app to navigate to a pump and buy gas from its dashboard as early as this fall  —  Apple Inc (AAPL.O) wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version …
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 app version, saving 4% in fees  —  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.
Jon Porter / The Verge:
Google updates its built-in password manager for Chrome and Android with the option to manually add passwords across all platforms, a unified design, and more  —  A ‘simplified and unified management experience’ is also on the way  —  Google is updating its built-in password manager …
Joyce Lee / Reuters:
Samsung becomes the first company to mass produce 3nm chips, beating TSMC, touting up to 45% lower power usage over 5nm chips, 23% more performance, and more  —  Samsung Electronics Co Ltd (005930.KS) said on Thursday it has begun mass producing chips with advanced 3-nanometre technology …
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 …
Karen Weise / New York Times:
Documents show Amazon has restricted 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
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.
Katie Paul / Reuters:
In internal memo, Chief Product Officer Chris Cox says Meta is bracing for a leaner H2 and “teams should not expect vast influxes of new engineers and budgets”  —  (Reuters) - Facebook-owner Meta Platforms Inc is bracing for a leaner second half of the year …
Wired:
Section 230 is the last line of defense for abortion speech online, 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.
Financial Times:
An investigation details an operation by Chinese hacking group APT40 to lure graduates who studied English into translating stolen documents via a front company  —  FT investigation reveals student translators were targeted by front company for Beijing-backed hacking group APT40
TechCrunch:
Meta says it is rolling out NFT support on Facebook, allowing select US creators to display NFTs on their profiles, after adding the feature to Instagram in May  —  After debuting NFT support on Instagram in May, Meta has launched digital collectibles support on Facebook with select creators.
Tweets: @larakiara
Zeke Faux / Bloomberg:
An in-depth look at the 2016 Bitfinex hack and US government's case against Ilya Lichtenstein and Heather Morgan, aka Razzlekhan, over alleged money laundering  —  The hackers had been inside the Bitfinex servers for weeks before attempting the heist.  They'd watched users on the cryptocurrency exchange buy and sell Bitcoins.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:30 PM 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

Wall Street Journal:
A profile of incoming FCC Chair Brendan Carr, a telecom lawyer and longtime FCC official who believes tech and media companies have been unfair to conservatives

Wall Street Journal:
Sources describe Netflix's struggles handling traffic for the Tyson-Paul fight, with viewership nearly three times what the company had anticipated

Charlie Warzel / The Atlantic:
Q&A with Julia Angwin on how social media creators flipped the traditional journalism process for telling stories and what journalists can learn from creators

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:
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

Earlier Picks

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
Wall Street Journal:
Researchers warn that some businesses exaggerate AI's capabilities, brewing misunderstanding and distorting policymakers' views of AI's power and fallibility
Bloomberg:
EU lawmakers provisionally agree on anti-laundering rules for crypto, requiring verified customer identities for transfers between regulated digital wallets
Sam Biddle / The Intercept:
Documents: Coinbase sold its intelligence-gathering tool Coinbase Tracer to ICE, letting the agency track bitcoin, ether, tether, and other crypto transactions
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
Margi Murphy / Bloomberg:
Elliptic: North Korea-backed hacking group Lazarus could be behind Harmony's ~$100M altcoin theft; the hack bore similarities to the $600M Ronin bridge attack
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