Techmeme: The EU agrees on new crypto rules, including measures guarding against market abuse and requiring crypto firms to disclose environmental impacts of their assets (Dan Milmo/The Guardian)

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July 1, 2022, 2:00 PM

Top News

Dan Milmo / The Guardian:

The EU agrees on new crypto rules, including measures guarding against market abuse and requiring crypto firms to disclose environmental impacts of their assets — MiCA law contains measures to guard against market abuse and manipulation — The EU has moved to rein in the “wild west” …

Reuters:

Google settles a lawsuit by agreeing in part to put $90M in a fund for US app developers who made $2M or less in annual Play Store revenue from 2016 to 2021 — Alphabet Inc's (GOOGL.O) Google has agreed to pay $90 million to settle a legal fight with app developers over the money …

More: The Keyword, hbsslaw.com, HotHardware, CNN, Thurrott, The Register, TechRadar, Techaeris, Engadget, The Verge, TechCircle, Android Central, Android Police, TechCrunch, Pocket Gamer.biz, Benzinga, GSMArena.com, Bloomberg, and 9to5Google

Michael Sheetz / CNBC:

The FCC authorizes SpaceX to provide Starlink satellite internet to vehicles in motion, including commercial airlines, shipping vessels, semitrucks, and RVs — - The Federal Communications Commission authorized SpaceX to provide Starlink satellite internet to vehicles in motion …

More: Federal Communications …, SiliconANGLE, Telecoms Tech News, The Verge, Reuters, TNW, Fossbytes, Silicon Republic, Wall Street Journal, Insider, Mashable, Shacknews, ZDNet, Bloomberg, PCMag, and Slashdot

Tweets: @thesheetztweetz, @thesheetztweetz, @ldrogen, and @owensparks_

Chance Miller / 9to5Mac:

Biden to award a posthumous Medal of Freedom to Steve Jobs for changing the way the world communicates and transforming the computer, music, and film industries — The Biden Administration has announced the recipients of the Presidential Medal of Freedom for this year.

More: The White House, San Francisco Chronicle, AppleInsider, Appleosophy, PCMag, Tom's Hardware, MacRumors, TechCrunch, The Verge, CNET, CNBC, iDownloadBlog.com, Cult of Mac, iClarified, and Bloomberg

Tweets: @masonpelt, @rfreling, @harrymccracken, @gaberivera, @petersagal, @nkulw, @stevekovach, and @grahamstarr

Sergiu Gatlan / BleepingComputer:

Kaspersky researchers found malware used in the wild since at least March 2021 to backdoor Microsoft Exchange servers of government and military organizations — Attackers used a newly discovered malware to backdoor Microsoft Exchange servers belonging to government and military organizations from Europe …

More: kaspersky.com, Tech Monitor, OnMSFT.com, Petri IT Knowledgebase, TechSpot, Ars Technica, Securelist, Silicon Republic, The Hacker News, and Dark Reading. Tweets: @campuscodi

Wall Street Journal:

Sources: Klarna is nearing a deal to raise ~$650M mostly from existing investors led by Sequoia Capital at a ~$6.5B valuation, down from $45.6B in June 2021 — The deal would be a huge comedown for the company, which investors valued at $45.6 billion in 2021

More: Protocol and TechCrunch

Tweets: @carnage4life, @stevekovach, @kr00ney, and @nope_its_lily

Che Pan / South China Morning Post:

Over 10 Chinese entities establish openKylin, an open-source code community to develop a homegrown desktop OS and reduce China's reliance on Windows and macOS — The city has matured considerably despite being new to governing itself following the handover in 1997.

More: Beyond Search

Natasha Lomas / TechCrunch:

The European Commission says Amazon agreed to drop “dark patterns” from the process required to unsubscribe from its Prime membership across its sites in the EU — Amazon has agreed to simplify the process required for cancelling its Prime membership subscription service across …

More: The Economic Times, PCMag, Silicon Republic, and European Commission. Tweets: @ii1111

New York Times:

Netflix executives say they don't plan to change programming; two bank analysts say a cheaper ad-supported tier could cannibalize the higher-paying subscribers — Long Hollywood's leading innovator, the streaming service is staying the course, despite serious challenges to its business and questions about its content.

More: Bloomberg and The Streamable

Tweets: @benmullin, @benmullin, @brooksbarnesnyt, @michellemanafy, @richlightshed, and @kennethturan

Jonathan Stempel / Reuters:

Former Apple lawyer Gene Levoff pleads guilty to insider trading; Levoff allegedly traded before quarterly earnings from 2011 to 2016 and was fired in 2018 — The former top corporate lawyer at Apple Inc (AAPL.O) pleaded guilty on Thursday to insider trading charges, for what prosecutors called …

More: U.S. Department of Justice, HotHardware, Gizmodo, Wall Street Journal, 9to5Mac, Bloomberg, Protocol, Philip Elmer‑DeWitt, Insider, Dow Jones Newswires, Tech Times, Financial Times, Investing.com, and MacDailyNews

Tweets: @casuallaw, @tonyromm, @tw_seal, and @melinanders

Craig Silverman / ProPublica:

Google gave user data to Russian ad company RuTarget, including potentially sensitive info about users in Ukraine, four months after the US sanctioned RuTarget — The internet giant may have provided Sberbank-owned RuTarget with unique mobile phone IDs, IP addresses, location information …

Tweets: @craigsilverman, @quinncy, @dlberes, @disinfoindex, and @ericgarland

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From Mediagazer

Agence France-Presse:

Radio Free Europe/Radio Liberty head Stephen Capus says the US government turned off satellite services that transmit its Russian-language program into Russia

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

Arpan Chaturvedi / Reuters:

An Indian court orders Wikimedia to remove statements about news agency ANI facing criticism for being a government propaganda tool from a Wikipedia page

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Katie Adams / MedCity News:

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Manya Saini / Reuters:

Short-form video app Triller confidentially files for a US IPO, after ending its $5B merger with video ad software provider SeaChange International on June 14

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Prarthana Prakash / Bloomberg:

Uber received 3,824 reports of sexual assault and misconduct in 2019 and 2020, down 38% from 2017 and 2018, but the rate of fatal physical assaults rose 18%

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Tim Bradshaw / Financial Times:

As metaverse avatars take off, a look at Understanding Comics, a 30-year-old illustrated lecture seen as a storytelling mechanics and visual vocabulary bible

Aisha Malik / TechCrunch:

Meta says Instagram is testing a change with select users that turns video posts into Reels, as part of “efforts to simplify and improve the video experience”

Kyle Wiggers / TechCrunch:

April, which personalizes and autofills tax filings by using AI to analyze tax code, raised a $30M Series A led by Treasury, bringing its total funding to $40M

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Mitchell Clark / The Verge:

Raspberry Pi announces the Pico W, a $6 microcontroller equipped with an 802.11n Wi-Fi radio, powered by an Infineon CYW43439 chip with Bluetooth disabled

More: Raspberry Pi, Tom's Hardware, TechRadar, TechSpot, PCMag, TechCrunch, SlashGear, TechPowerUp, Liliputing, BetaNews, and Phoronix

Tweets: @raspberry_pi and @papapishu

Brody Ford / Bloomberg:

Zoom is returning to its business software roots to revive growth, after two years of trying to monetize consumers, many of whom stick with free 40-minute calls

Tweets: @jeffnolan, @quinnypig, and @sarahfrier

Earlier Picks

Danny Nelson / CoinDesk:

CFTC charges South Africa-based bitcoin pool operator Mirror Trading International with a $1.7B fraud, in its “largest ever fraud scheme case involving bitcoin”

More: CFTC, CFTC, The Block, watcher.guru, Coinmonks, Coinspeaker, The Overspill, TechCrunch, Total Telecom, CryptoSlate, Reuters, PYMNTS.com, Web3 is going just great, Blockworks, Crowdfund Insider, and Cointelegraph

Katie Paul / Reuters:

In a weekly Q&A, Mark Zuckerberg told staff that Meta reduced its 2022 engineer hiring target to around 6,000 to 7,000, down from its plan to hire around 10,000

TechCrunch:

Meta rolls out NFT support on Facebook, letting select US creators display NFTs under a new tab on their profiles, after adding support to Instagram in May 2022

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

More: The Keyword, VentureBeat, Droid Life, iPhone in Canada Blog, PCWorld, TechCrunch, BigTechWire, Android Central, BetaNews, Android Authority, Android Police, Android Headlines, Engadget, and TechRadar

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

More: Something Interesting, CoinDesk, Alastor, CNBC, CNBC, CoinFLEX, Bitcoinist.com, Fortune, Insider, Inside Bitcoins, CryptoSlate, Cointelegraph, and CoinDesk

Tweets: @tier10k, @caseynewton, @gmorton512, @arjunkharpal, @thomastthai, and @wallstreetsilv

Bloomberg:

Filing: ex-Apple retail chief Ron Johnson's at-home tech setup company Enjoy files for bankruptcy, less than a year after its SPAC merger, and sells to Asurion

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

More: BNN, Coinspeaker, Ethereum World News, Barron's Online, PYMNTS.com, The Information, Digital Trends, CoinDesk, CNBC, Cryptonews, Bloomberg, Bloomberg, Decrypt, Cointelegraph, and Decrypt

Tweets: @saylor, @layahheilpern, @watcherguru, @ercwl, @grady_booch, @cz_binance, and @cryptontez