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July 5, 2022, 7:10 PM
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| Foo Yun Chee / Reuters: |
EU lawmakers pass the Digital Services Act and the Digital Markets Act, seeking to regulate US tech giants, but limited resources could hamstring enforcement — EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in the power of tech giants such as Alphabet (GOOGL.O) …
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European Parliament, MacRumors, LinkedIn, TechCrunch, European Commission, PCMag, Washington Examiner, Gizmodo, Spread Privacy, VentureBeat, AppleInsider, The Economic Times, Ars Technica, 9to5Mac, Competition Policy …, InsideHook, iTnews, Android Authority, TheGamer, SiliconANGLE, Thurrott, Pocket-lint, Euractiv, iPhone in Canada Blog, PhoneArena, Tech Xplore, The Mac Observer, Silicon Republic, Telecoms.com, Cult of Mac, The Platform Law Blog, ebu.ch, iMore, and MacDailyNews
Tweets: @vonderleyen, @thierrybreton, @bertuzluca, @bertuzluca, @vestager, @thierrybreton, @thierrybreton, @benedictevans, @duckduckgo, @europarlpress, @carnage4life, @a_maehl, @moonalice, @timsweeneyepic, @benedictevans, @autumncapital, @stroughtonsmith, @carnage4life, @slightlylate, @adamthierer, @a_maehl, @visszhang, and @samuelstolton
| Derek B. Johnson / SC Media: |
NIST selects four encryption algorithms designed to withstand future quantum computing hacking threats to be part of its post-quantum cryptographic standard — For years, the National Institute for Standards and Technology have been working on a project to identify and vet a handful …
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NIST, CISA, CSRC | NIST, The Register, inforisktoday.com, CNET, VentureBeat, The Record, HPCwire, Federal Computer Week, FedScoop, and Infosecurity
Tweets: @nist, @uscert_gov, @derekdoestech, @ericgeller, and @qanplatform
| Ryan Browne / CNBC: |
Nexo, a crypto lender managing assets for ~4M users, says it signed a term sheet to explore buying Vauld, which halted withdrawals and manages assets for ~100K — - Nexo has signed a term sheet with Vauld giving it 60 days of exclusive talks to explore an all-equity acquisition of the company.
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The Block, Nexo.io Blog, Blockworks, PYMNTS.com, Reuters, Stacker News, CoinGape, Protocol, Crunchbase News, CoinDesk, CryptoSlate, Crypto Adventure, Decrypt, Cryptonews, Neowin, Coinspeaker, Crypto Briefing, and TheStreet
Tweets: @darshanbathija, @nexo, @shivamchhuneja, @ahcastor, @grossdm, and @ryan_browne_
| David Pan / Bloomberg: |
Core Scientific, a top bitcoin miner with nearly 10% of the network's hash rate, sold 7,202 mined BTC for $167M in June and now holds 1,959 BTC — Core Scientific Inc., a top crypto miner, sold the bulk of its Bitcoin holdings in June as a steep drop in digital assets squeezes finances for even the leaders of the industry.
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Business Wire, CoinDesk, Cointelegraph, Axios, Waivly, Ethereum World News, CryptoGlobe, watcher.guru, CryptoPotato, and The Block
Tweets: @iiicapital and @bradydale
| Munsif Vengattil / Reuters: |
Source: Twitter is seeking to overturn some Indian government content takedown orders through a judicial review, alleging abuse of power by officials — Twitter is seeking to overturn some Indian government orders to take down content, a source familiar with the matter said … | Juro Osawa / The Information: |
Sources: Sequoia Capital China is about to raise $9B for four new funds, above its $8B+ target, the largest amount raised by a single China tech-focused VC firm — Sequoia Capital's Chinese affiliate is about to close $9 billion in fresh capital for four new funds, higher than its original target …
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Financial Times, Bloomberg, crypto.news, Cointelegraph, TechCrunch, watcher.guru, Coinspeaker, Tech in Asia, and DealStreetAsia
Tweets: @amir, @ruima, @ruima, @luke_metro, @juroosawa, and @sam_l_shead
| Cristina Criddle / Financial Times: |
Sources: TikTok abandons plans to expand its TikTok Shop live e-commerce program to Europe and the US, after internal problems and a lack of traction in the UK — Chinese-owned social media platform's foray into livestream shopping in the UK has struggled to gain traction
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The Verge, Social Media Today, Fortune, Search Engine Land, ExchangeWire.com, dot.LA, TechCrunch, Tubefilter, Benzinga, 9to5Mac, Newslit Daily, and PYMNTS.com
Tweets: @ericjhonsa, @cristinacriddle, @kyurieff, @stokel, @martinsfp, @shaneoleary1, @jerrycap, @adrianweckler, @iiiitsandrea, and @mattnavarra
| Emily Baker-White / Forbes: |
The Senate Intelligence Committee asks the FTC to investigate whether TikTok misled lawmakers about China-based ByteDance employees accessing American user data — China-based employees at TikTok's parent company, ByteDance, repeatedly accessed sensitive U.S. user data … | Financial Times: |
China is rapidly censoring news of the alleged Shanghai police database breach exposing 1B+ people's data; WeChat and Weibo appear to be blocking the topic — Purported leak of personal information of more than 1bn people offered for sale for $200,000 — China is rapidly censoring news …
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New York Times, New York Post, VICE, Associated Press, Gizmodo, Bloomberg, Newser, and Benzinga. Tweets: @sam_l_shead
| Sarah Zheng / Bloomberg: |
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Wall Street Journal, HotHardware, Reuters, BleepingComputer, Tech.co, The Register, Security Boulevard, Android Authority, ZDNet, TechCrunch, Infosecurity, Silicon Republic, Coinspeaker, TechCircle, Quartz, Engadget, Security Affairs, Crypto Adventure, Pixel Envy, Asia Links, TechRadar, crypto.news, HackRead, Ethereum World News, CryptoSlate, PCMag, The Block, Cybernews.com, Barron's Online, and CoinGape
Tweets: @cz_binance, @zeyiyang, @cz_binance, @_karenhao, @troyhunt, @carnage4life, @johnkoetsier, @_karenhao, @troyhunt, @ctolarsson, @davidpaulk, @ruima, @williamyang120, @jsimanavicius, @cz_binance, @_danielsinclair, @isaacstonefish, @pcaversaccio, @anitaposch, @kendraschaefer, @_karenhao, @_karenhao, @pingroma, @sam_l_shead, @zeyiyang, and @wublockchain
| Lucas Shaw / Bloomberg: |
Netflix, Amazon, Warner Bros., and others cut costs, staff, movies, and TV shows; the industry released 559 scripted shows in 2021, up by 200+ compared to 2013 — The sudden decline in Netflix's share price and the growing fear of a recession have forced Hollywood into a new period of fiscal austerity.
More:
iPhone in Canada Blog. Tweets: @denniscode, @lucas_shaw, @ampressman, @mattrosoff, @trengriffin, @trengriffin, and @carnage4life
| Taylor Nicole Rogers / Financial Times: |
Survey: 25% of Black American investors owned crypto at the start of 2022, compared to 15% of white investors, leaving them vulnerable during the downturn — Higher exposure to digital assets leaves owners vulnerable to downturn — The widespread losses caused by the cryptocurrency crash are even broader among black investors.| Bloomberg: |
Sources: the US is lobbying the Netherlands to ban ASML from selling some of its some of its older deep ultraviolet lithography systems to China — The US is pushing the Netherlands to ban ASML Holding NV from selling to China mainstream technology essential in making a large chunk of the world's chips …
More:
Protocol, The Register, Tom's Hardware, and Reuters
Tweets: @beijingdai, @martijnrasser, and @mayhem4markets
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