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Techmeme
July 4, 2022, 11:05 PM
Mediagazer memeorandum WeSmirch
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Top News

Manish Singh / TechCrunch:
Crypto lender and exchange Vauld pauses withdrawals, trading, and deposits and says it's exploring a restructuring, after users withdrew $197.7M+ since June 12  —  Vauld, a Singapore-headquartered crypto lending and exchange startup, has suspended withdrawals, trading and deposits …
Sarah Zheng / Bloomberg:
An unidentified hacker on a forum is selling 23TB+ of allegedly stolen data on up to 1B Chinese residents for 10 BTC, after breaching a Shanghai police database  —  Unknown hackers claimed to have stolen data on as many as a billion Chinese residents after breaching a Shanghai police database …
Mark Gurman / Bloomberg:
As Apple ramped up Mac chip investments, improvements to its other chips slowed down; sources say Apple Watch Series 8 might be able to detect a fever in users  —  When it comes to Apple's chip advancements, the company's iPhone and watch are taking a back seat to the Mac.
Jane Clinton / The Guardian:
The British Army is investigating “a breach” of its Twitter and YouTube accounts, which on July 3 shared crypto scams and misinformation before being restored  —  Investigation under way after interview with Elon Musk uploaded to video channel and picture of cartoon monkey seen on Twitter
Dan Milmo / The Guardian:
Chainalysis: NFT sales totaled just over $1B in June 2022, a 12-month low since June 2021 when sales were $648M; sales peaked at $12.6B in January 2022  —  Sales of non-fungible tokens totalled just over $1bn in June, compared with peak of $12.6bn in January
Meir Orbach / CTech:
Source: Celsius laid off 150 employees, around a quarter of its staff, after pausing withdrawals; Celsius is exploring “a restructuring of our liabilities”  —  The American-Israeli company is parting ways with around 150 employees as it continues to look for a way out of a crisis …
Keith Cornett / CorvetteBlogger.com:
Chevrolet's first NFT auction, of an original artwork with a unique green 2023 Corvette Z06, had zero bids, as ETH's price fluctuated between $1,160 and $1,225  —  Sometimes what might have been a great idea when it was proposed months ago can turn out to be a dud.
Sarah Butler / The Guardian:
Amazon launches a “micromobility” hub in Hackney, London with a fleet of partner-operated e-cargo bikes and on-foot staff to replace thousands of van deliveries  —  Online retailer opening ‘micromobility’ hub in Hackney as part of efforts to cut carbon emissions
Jill Goldsmith / Deadline:
The annual Sun Valley conference begins on July 5; invitees include Elon Musk, Mark Zuckerberg, Tim Cook, Andy Jassy, Sundar Pichai, and Reed Hastings  —  The mountains are as gorgeous as ever, the deal climate not so much as boutique investment bank Allen & Co. prepares to host its annual Sun Valley retreat.
Asa Fitch / Wall Street Journal:
After a pandemic frenzy to buy laptops and other gadgets, Intel, Nvidia, Micron, and others suggest crypto mining, PC gaming, and smartphone demand is weakening  —  Intel and Nvidia are among the semiconductor makers warning of rockier times ahead after two years of surging demand
Financial Times:
Legal experts say a Japanese antitrust court ruling could force tech companies such as Google, Meta, and Amazon to reveal the inner workings of their algorithms  —  Legal experts suggest case related to recommendations site Kakaku.com could have broader implications

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:05 PM ET, July 4, 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

Radio Free Europe/Radio Liberty:
RFE/RL sues USAGM and its officials Kari Lake and Victor Morales, arguing they acted unlawfully and unconstitutionally in blocking funds allocated by Congress

David Roeder / Chicago Sun Times:
Around 20% of Chicago Sun-Times staff, or 30 employees, took buyouts and have resigned, including most of the editorial board; 5 WBEZ workers also took buyouts

Danielle Kaye / New York Times:
The US DOJ charges film director Carl Erik Rinsch for allegedly defrauding a “streaming platform” for $11M; an arbitrator ruled in May that he owed Netflix ~$9M

More News

Richard Lai / Engadget:
Xiaomi's new 12S Ultra smartphone features a 6.73-inch OLED screen and three rear cameras, including a 50MP main camera with a 1-inch sensor, starting at ~$900
Pew Research Center:
Survey: experts are split on a fully immersive metaverse existing by 2040, worry about today's dominant platforms building it, and expect more useful AR and MR
Chris Gilliard / Wired:
Machine learning-powered surveillance systems will never eliminate the risk of US school shootings, no matter how expansive and intricate the systems become

Earlier Picks

Nelson Rauda Zablah / New York Times:
How El Salvador President Nayib Bukele weaponized bitcoin to whitewash his government's growing authoritarianism on the world stage and spread local propaganda
Ionut Ilascu / BleepingComputer:
HackerOne says an employee stole vulnerability reports submitted through its bug bounty platform and disclosed them to seven companies for financial rewards
Yiwen Lu / Washington Post:
RadioShack, purchased by private equity firm REV in 2020, reintroduces itself as a crypto exchange trying to attract users with a stream of often profane tweets
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