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June 30, 2022, 2:00 PM
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memeorandum
WeSmirchTop News
| Yogita Khatri / The Block: |
Source: FTX walked away from a deal with Celsius after finding the crypto lender had a $2B hole in its balance sheet and was difficult to deal with — - FTX was interested in making a deal with Celsius but walked away because of the state of its finances, two sources told The Block.
More:
CoinDesk, Bloomberg, Benzinga, and Coinspeaker
| CoinDesk: |
Sources: digital asset trading company Genesis is potentially facing “a few hundred million dollars” in losses, partly through exposure to 3AC and Babel Finance — The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.| Kate Rooney / CNBC: |
Sources: FTX is close to finalizing a term sheet to buy BlockFi for around $25M; BlockFi was last valued at $4.8B, per PitchBook — - Crypto exchange FTX is close to finalizing a term sheet to buy BlockFi and a deal is expected to be signed by the end of this week, three sources familiar with the situation told CNBC.| 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 — Cryptocurrency exchange CoinFlex won't resume withdrawals Thursday as it had planned as it continues to raise funds …
More:
CNBC, Insider, MarketWatch, Attack of the 50 Foot …, Inside Bitcoins, Cointelegraph, and CryptoSlate
Tweets: @rogerkver, @caseynewton, @gmorton512, @arjunkharpal, @thomastthai, and @wallstreetsilv
| Rita Liao / TechCrunch: |
OpenSea warns all its users of email phishing attempts after an employee at email vendor Customer.io downloaded and sent email details to an external party — Opensea, the popular NFT marketplace that hit a colossal $13 billion valuation in January, is warning users of email phishing after a data breach.
Source:
OpenSea Blog. More:
The Guardian, The Block, The Economic Times, CoinDesk, Protocol, Blockworks, BleepingComputer, KnowTechie, BetaNews, Cybernews.com, Cryptonews, Decrypt, Graham Cluley, Mashable, Tech in Asia, Crypto Briefing, Bitcoinist.com, Cryptopolitan, and CryptoSlate
Tweets: @opensea, @joetidy, @opensea, @cz_binance, @alexhern, @opensea, @opensea, @eclecticmethod, @officer_cia, @troyhunt, @screentimes, @gcluley, @punk6529, @opensea, @irinaheaver, @ryancarson, and @ahiddensociety
| 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 — Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment.
More:
Barron's Online, CoinDesk, Bloomberg, CNBC, Cryptonews, Decrypt, Cointelegraph, Decrypt, and CryptoPotato
Tweets: @saylor, @grady_booch, @ercwl, @fomocapdao, and @bigcheds
| Ari Notis / Kotaku: |
Unity lays off “slightly more than 200 people”, or 4% of its workforce, two weeks after the CEO said at an all-hands meeting that there would not be any layoffs — Management at the company behind the free game development engine has been a ‘shit show’ recently, sources say
More:
Protocol, Bloomberg, VICE, Input, TechSpot, Engadget, Game Developer, Fossbytes, MCV/DEVELOP, GamesIndustry.biz, PC Gamer, and VentureBeat
Tweets: @nickstatt, @iwgb_gw, @nickstatt, @tprstly, @protopop, @dj_link, @liasae, and @marctech1996
| Joyce Lee / Reuters: |
Samsung becomes the first company to mass produce 3nm chips, beating TSMC, touting up to 45% lower power usage over 5nm chips, 23% more performance, and more — Samsung Electronics Co Ltd (005930.KS) said on Thursday it has begun mass producing chips with advanced 3-nanometre technology … | Filipe Espósito / 9to5Mac: |
Apple says South Korean app developers can now use external payment methods from KCP, Inicis, Toss, and NICE by submitting a new app version, saving 4% in fees — Earlier this year, Apple announced that it would comply with a new law in South Korea that required the company to allow third-party payment providers in App Store apps.
Source:
Apple Developer. More:
The Verge, AppleInsider, PYMNTS.com, Protocol, iPhone in Canada Blog, Neowin, Philip Elmer‑DeWitt, PhoneArena, The Korea Herald, iMore, The Mac Observer, MacRumors, MacStories, Engadget, BGR, and TechCrunch
Tweets: @appfairness, @vladsavov, @johnvoorhees, @bzamayo, and @timsweeneyepic
| Stephen Nellis / Reuters: |
Apple's CarPlay update, demoed at WWDC 2022, will let users tap an app to navigate to a pump and buy gas from its dashboard as early as this fall — Apple Inc (AAPL.O) wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version …
More:
9to5Mac, BGR, AppleInsider, The Mac Observer, MacRumors, MacDailyNews, iMore, and iDownloadBlog.com
Tweets: @alexeheath, @hoodieonveshti, @brianroemmele, @tcpeter, and @carlquintanilla
| 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 — A ‘simplified and unified management experience’ is also on the way — Google is updating its built-in password manager … | Karen Weise / New York Times: |
Documents show Amazon has restricted items and search results related to LGBTQ people and issues in the UAE, after the Emirati government threatened penalties — Sales of items including flags and books were blocked in the country, where homosexuality is criminalized. — Give this article- - - Read in app
More:
The Guardian, Protocol, Gizmodo, Engadget, The Verge, ExchangeWire.com, Insider, BBC, and Ars Technica
Tweets: @reckless, @jldastin, @rgay, @kyweise, @the_lefty1945, and @oliharris808
| Reuters: |
An investigation details an Indian hacking-for-hire scheme to obtain documents in legal cases, starting in 2013 and targeting 100+ US and European organizations — A trove of thousands of email records uncovered by Reuters reveals Indian cyber mercenaries hacking parties involved …
More:
The Keyword and BleepingComputer
Tweets: @razhael, @shanehuntley, @feikehacquebord, @billyleonard, @reuters, @shanehuntley, @razhael, @howelloneill, @iblametom, @shashj, and @razhael
| 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 — Enjoy Technology Inc., a retail startup founded by former Apple Inc. executive Ron Johnson, filed for bankruptcy on Thursday … | Nikhilesh De / CoinDesk: |
Grayscale Investments sues the US SEC after the agency rejected its application on Wednesday to convert its flagship Grayscale Bitcoin Trust product to an ETF — The SEC rejected Grayscale's application to convert its Grayscale Bitcoin Trust to an exchange-traded fund earlier Wednesday.
More:
GlobeNewswire News Room, CoinDesk, Messari Crypto, The Block, Protocol, The Block, Bloomberg, TheStreet, Inside Bitcoins, ZyCrypto, Financial Times, CryptoGlobe, Crypto Owl's newsletter, Blockworks, Coinspeaker, Crypto Briefing, Bitcoin Magazine, CryptoSlate, Reuters, Decrypt, The Block, and Benzinga
Tweets: @sonnenshein, @smdiehl, @bowtiedbull, @jbsdc, @adam3us, @nategeraci, @jenn_rosenthal, @smtuffy, @cryptadamist, and @bitboy_crypto
| Bloomberg: |
Interviews detail Didi's fall due to China's crackdown, losing $60B+ in market cap in one year and blindsiding executives, after its $4.4B US IPO in June 2021 — It was an unusually frigid December weekend when Cheng Wei summoned his inner circle to his Beijing office.
Tweets: @cocojournalist, @donweinland, and @karisoo1
| Wired: |
Section 230 is the last line of defense for abortion speech online, without which platforms could face legal liability for distributing abortion information — Dobbs should be a wake-up call for anyone seeking to undercut the immunity protections afforded by Section 230 of the Communications Decency Act.
More:
Fight for the Future and Vanity Fair
| TechCrunch: |
Meta says it is rolling out NFT support on Facebook, allowing select US creators to display NFTs on their profiles, after adding the feature to Instagram in May — After debuting NFT support on Instagram in May, Meta has launched digital collectibles support on Facebook with select creators.
Tweets: @larakiara
| Taylor Hatmaker / TechCrunch: |
YouTube says channels can't hide subscriber counts starting on June 29 to fight fake accounts, and rolls out an “increase strictness” comment moderation setting — Spam isn't a new problem for social media, but everyone seems to agree that it's gotten a lot worse lately.| Zeke Faux / Bloomberg: |
An in-depth look at the 2016 Bitfinex hack and US government's case against Ilya Lichtenstein and Heather Morgan, aka Razzlekhan, over alleged money laundering — The hackers had been inside the Bitfinex servers for weeks before attempting the heist. They'd watched users on the cryptocurrency exchange buy and sell Bitcoins.
Tweets: @oliviasolon, @cfarivar, @zekefaux, @kaileyleinz, @oliviasolon, @chafkin, @crypto, and @latseema
| Mike Wheatley / SiliconANGLE: |
London-based Snowplow Analytics, which helps companies collect and analyze customer data, raised a $40M Series B led by NEA, bringing its total funding to $55M — Snowplow Analytics Ltd., a startup that helps businesses collect and own their customer data, said today it has closed …
More:
VentureBeat, TechCrunch, and Snowplow
| Raffaele Huang / Wall Street Journal: |
Sources: Tencent, ByteDance, and others lay off thousands of employees, after Chinese internet companies cut tens of thousands during regulatory crackdowns — Latest round of job cuts at Chinese tech giants comes even as Beijing signals easing of its regulatory campaign against the sector| Financial Times: |
An investigation details an operation by Chinese hacking group APT40 to lure graduates who studied English into translating stolen documents via a front company — FT investigation reveals student translators were targeted by front company for Beijing-backed hacking group APT40
More:
Bob's Newsletter. Tweets: @maxseddon, @lehtior2, @greenmiranda, @mattgarrahan, @howelloneill, @razhael, @jchengwsj, and @lukolejnik
| Bloomberg: |
EU lawmakers provisionally agree on anti-laundering rules for crypto, requiring verified customer identities for transfers between regulated digital wallets — The European Parliament and Council reached a provisional agreement to force crypto providers to provide identifying information …
More:
Bitcoinist.com, CoinDesk, CryptoSlate, PYMNTS.com, Coinspeaker, Silicon Republic, The Block, Reuters, and Decrypt
Tweets: @ernesturtasun, @okovarikmep, @mhiesboeck, @mhiesboeck, @gladstein, @theguyswann, @ernesturtasun, @paultang, and @samrusani
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