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August 2, 2022, 4:25 PM
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| Brian Newar / Cointelegraph: |
Hackers drain nearly the entire $190.7M in crypto from the Nomad token bridge, which raised an April 2022 seed from Coinbase, OpenSea, and five other companies — Hundreds of potential exploiters appear to have drained all of the bridge's $190 million in TVL in just a matter of hours. — 57 Total views
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Web3 is going just great, Bloomberg, CoinDesk, TechCrunch, Read and Share Twitter …, CertiK Blockchain …, TechCrunch, The Record, Gizmodo, InfoRiskToday.com, Inside Bitcoins, Protocol, ETH Daily, CNBC, The Verge, Decrypt, Crypto Briefing, CryptoSlate, and CoinDesk
Tweets: @samczsun, @nomadxyz_, @0xfoobar, @nomadxyz_, @samczsun, @mg_486662, @fatmanterra, @xiliangchen, @el33th4xor, @paradigmeng420, @0xfoobar, @moonbeamnetwork, @mudit__gupta, @notifi_xyz, @moonbeamnetwork, @silvermanjacob, @samczsun, @chainlinkgod, @nassyweazy, @moonbeamnetwork, @0xfoobar, @andysayler, @0xmisaka, @dzack23, @mmasnick, @cl207, @quantstamp, @cointelegraph, @jonrog1, @nickadobos, @0xfoobar, @benedictevans, @benedictevans, @levicook, @bradwilson, @matthuang, and @fatmanterra
| Mitchell Clark / The Verge: |
Samsung launches its iFixit repair program, covering Galaxy S20, S21, and Tab S7+ devices; S22 flagships are not supported and the number of repairs are limited — But not its latest phones and tablets — Samsung and Fixit have launched their repair program that lets Galaxy S20, S21 …
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Samsung Newsroom, Gizmodo, iFixit News, TechCrunch, CNET, SlashGear, PCMag, ZDNet, XDA Developers, Engadget, and 9to5Google
| Mengqi Sun / Wall Street Journal: |
New York's State Department of Financial Services fines Robinhood's crypto unit $30M for allegedly violating anti-money laundering and cybersecurity regulations — The New York State Department of Financial Services alleges that Robinhood violated anti-money-laundering and cybersecurity regulations
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The Block, Gizmodo, The Register, The Verge, InfoRiskToday.com, Decrypt, The Block, PYMNTS.com, CryptoPotato, Finbold, Fast Company, Protocol, Bitcoinist.com, Finextra, CNBC, Cointelegraph, CoinGape, CoinDesk, Bloomberg, Crypto Briefing, Four Eyes Finance, CryptoSlate, and Tech News
Tweets: @lex_node and @wsjmarkets
| Sofia Pitt / CNBC: |
Uber reports Q2 revenue up 105% YoY to $8.1B, above $7.39B estimates, a $2.6B net loss, and mobility gross bookings up 55% YoY to $13.4B; stock closes up 18.9% — - Uber reported a net loss of $2.6 billion for the second quarter, $1.7 billion of which was attributed to investments …
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Bloomberg, Wall Street Journal, PYMNTS.com, Fortune, Financial Times, Bloomberg, New York Times, TechCrunch, Fast Company, Washington Post, The Guardian, Coinspeaker, The Verge, Reuters, and Finbold
Tweets: @thestalwart, @dondekojo, @eliotwb, @thestalwart, @ldignan, and @sub8u
| Washington Post: |
Legal docs: in its Elon Musk lawsuit, Twitter subpoenaed info about Chamath Palihapitiya, David Sacks, Steve Jurvetson, Marc Andreessen, Jason Calacanis, others — Twitter has subpoenaed information about elite Silicon Valley investors Chamath Palihapitiya, David Sacks, and Steve Jurvetson
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Bloomberg, Insider, and Wccftech
Tweets: @jtlonsdale, @lizzadwoskin, @buccocapital, @faizsays, @eriz35, @arainert, @pt, @eghosao, @davidsacks, @damianpaletta, @taylorlorenz, @xeni, @jason_kint, @quinnypig, and @davidsacks
| Bloomberg: |
The Chips and Science Act bars companies that get US federal funding from adding production of advanced chips in China, impacting Intel, TSMC, and others — As the US Congress passed an historic $52 billion federal program to boost domestic chipmaking capabilities, it included one significant caveat …
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Nikkei Asia, Tom Merritt Tech Newsletter, TechSpot, Appuals.com, Tom's Hardware, and TechNode
| Kyle Wiggers / TechCrunch: |
SEC filing: e-commerce marketing automation service Klaviyo raised $100M from Shopify; Klaviyo has raised ~$775M to date and was valued at $9.5B in May 2021 — Ecommerce marketing automation platform Klaviyo has received a $100 million strategic investment from Shopify … | Financial Times: |
Sources: Adam Mosseri plans to temporarily relocate to London and build out Instagram's presence over the coming months at Meta's King's Cross offices — UK capital will effectively become social media app's base as parent Meta battles TikTok — Instagram head Adam Mosseri is moving to London …
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The Guardian, iPhone in Canada Blog, Telegraph, CNBC, Digital Trends, and Protocol
Tweets: @oliverjhaslam, @jjvincent, @mmasnick, @atbwebb, @jamesglynn, @atbwebb, @janinegibson, @acookiecrumbles, @leokelion, @quinnypig, and @aulia
| Insider: |
As TikTok grows in the Middle East and North Africa, its regional content moderators complain of psychological distress and pay of around $2 to $3 per hour — - As TikTok gains in popularity in the Middle East and North Africa, it's ramping up its content moderation operation in the region.
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Newslit Daily. Tweets: @_rosiebradbury, @paleofuture, @zennie_fic, @eibroscheva, @frederickmelo, @ava_l_, @blackamazon, @scottnover, @cori_crider, @rinachandran, @benjanun_s, @niamh_mcintyre, @marleyjaybiz, @_rosiebradbury, @profdaveandress, @dmonett, @foxglovelegal, @wolfiechristl, and @shonaghosh
| TechCrunch: |
LA-based MarqVision, which uses AI to monitor marketplaces for counterfeits, including of NFTs, raised a $20M Series A led by DST Global and Atinum Investment — As of 2020, the clothing sector lost about $27 billion in annual sales due to counterfeits, an illicit trade that results in huge losses to both brands and buyers.
More:
SiliconANGLE, The Block, FinSMEs, and Waivly
| Eliot Brown / Wall Street Journal: |
Sources: despite a November 2019 pledge to slow down, Masayoshi Son pushed SoftBank staff into investing $38B out of Vision Fund 2 across 180+ companies in 2021 — CEO Masayoshi Son pledged to curb his aggressive investment bets yet plunged into startups last year at the market top
Tweets: @eliotwb, @mattzeitlin, @alexfrangos, and @wsj
| Bill Toulas / BleepingComputer: |
CloudSEK researchers find 3,207 mobile apps exposing Twitter API keys to the public, potentially letting hackers take over associated users' Twitter accounts — Cybersecurity researchers have uncovered a set of 3,207 mobile apps that are exposing Twitter API keys to the public …
Source:
CloudSEK. More:
9to5Mac, The Register, The Mac Observer, Silicon Republic, Cybernews.com, Bob's Newsletter, fpt., The Hacker News, Infosecurity, and SiliconANGLE
| Shubham Saharan / Bloomberg: |
Parafin, which builds financing arms for companies to lend to SMBs, raised a $60M Series B led by GIC, bringing its valuation to $520M and total funding to $94M — Parafin, a financial-technology startup run by former Robinhood Markets Inc. staffers, raised $60 million in its second funding round.
More:
PYMNTS.com
| Caitlin McCabe / Wall Street Journal: |
Robinhood plans to cut its headcount by ~23% over “additional deterioration of the macro environment”, after laying off ~9% of full-time employees in April 2022 — The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic
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