Techmeme
June 21, 2021, 3:55 PM

Top News

Global Times:
China's Sichuan Province closes crypto mines, following Xinjiang, Inner Mongolia, and Yunnan; an estimated 90% of China's mining capacity has now been shut down  —  Many Bitcoin mines in Southwest China's Sichuan Province - one of China's largest cryptocurrency mining bases - were closed as of Sunday …
Coco Feng / South China Morning Post:
As China expands its crackdown on cryptocurrency mining farms, analysis shows the price of GPUs has fallen on many e-commerce platforms in the country  —  Graphics cards from companies including Nvidia and Asus saw prices fall by as much as two-thirds on e-commerce platforms amid China's …
Daisuke Wakabayashi / New York Times:
Current and former Google execs say the company suffers from both its size and Sundar Pichai's leadership, marked by delayed decisions and raging culture fights  —  Despite record profits, a number of them are worried that the company is suffering from both its size and leadership from its C.E.O., Sundar Pichai.
Sarah Perez / TechCrunch:
Facebook rolls out Live Audio Rooms, available to verified public figures and select Groups, and its podcast service, available to select partners, in the US  —  In April, Facebook announced a series of planned investments in new audio products, including a Clubhouse live audio competitor as well as new support for podcasts.
Richard Pallot / ITV:
Investigation finds Amazon has been destroying thousands of unsold goods at its UK-based Dunfermline warehouse; source says 130K items are destroyed per week  —  Exclusive: Watch footage showing the ‘destruction zone’ in Amazon's Dunfermline warehouse where millions of unsold items are destroyed every year
Sam Shead / CNBC:
Google says it has decided not to reopen Campus, its London-based startup space, after the pandemic forced it to close  —  - The Silicon Valley tech giant announced on Monday that it has decided “not to reopen” Campus in East London after it was forced to close by the coronavirus pandemic.
Sarah Frier / Bloomberg:
Real estate mogul Frank McCourt says he plans to invest $100M to build a blockchain-based database of social connections, sidestepping the dominant social apps  —  Frank McCourt wants to build a blockchain-based alternative to Facebook  —  Frank McCourt, the billionaire real estate mogul …
BBC:
How North Korean hackers nearly stole $951M from Bangladesh Bank's New York Fed account in 2016, only to be stopped at the last moment after transferring $81M  —  In 2016 North Korean hackers planned a $1bn raid on Bangladesh's national bank and came within an inch of success …
Sami Fathi / MacRumors:
Germany's Federal Cartel Office announces an antitrust investigation into Apple's App Store, pre-installed apps, and more  —  Germany's Federal Cartel Office, the Bundeskartellamt, today initiated proceedings against Apple on the claims of anti-competitive behavior related to the App Store …
Romain Dillet / TechCrunch:
Revolut says it had $361M in 2020 revenue, up 57% YoY, non-adjusted operating loss reached $277M due to staff costs, and retail customers rose 45% to 14.5M  —  Fintech startup Revolut has filed some financial results and is sharing details with the press.  In 2020, the company reported $361 million …
Martin Arnold / Financial Times:
European Central Bank board member says a digital euro will protect consumer privacy and protect the eurozone from the “threat” of competing cryptocurrencies  —  Fabio Panetta admits some oversight by regulators is necessary to avoid misuse  —  The introduction of a digital euro …

Sponsor Posts

TELUS Digital:
The brand supporting the biggest brands in tech  —  Deliver memorable experiences throughout the customer journey with customer experience support from TELUS Digital.  Scale quickly, automate efficiently and win decisively.
Intel:
Intel Delivers powerful CPUs for AI and Networking  —  With the onset of AI, businesses demand powerful and efficient CPUs.  Explore new Intel Xeon 6 processors, for the broadest set of workloads with leadership performance and lower TCO.
Zoho:
Gamification: A simple way to enjoy getting more work done  —  Work doesn't have to be boring.  Gamification transforms everyday tasks into exciting challenges, making employees feel more engaged and motivated.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Grit:
From Bootstrapped to $12B: Mailchimp's Ben Chestnut on Life After the Exit
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
The hidden power of introverts: How to thrive without changing who you are | Susan Cain (author of "Quiet")
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Techmeme Ride Home:
E2EE For All!
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Decoder with Nilay Patel:
Why Trump can't be trusted with Congress' new anti-deepfake bill
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
The Logan Bartlett Show:
Flexport CEO Ryan Petersen Breaks Down the Global Impact of Trump's New Tariffs
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:55 PM ET, June 21, 2021.

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.

More News

Ax Sharma / BleepingComputer:

Earlier Picks

Matt Dougherty / KHOU-TV:
Rita Liao / TechCrunch:
Wall Street Journal: