Techmeme
July 3, 2022, 7:55 PM

Top News

Jeremy Hill / Bloomberg:
Three Arrows Capital files for Chapter 15 bankruptcy, protecting its US assets from creditors while a British Virgin Islands court carries out a liquidation  —  Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands.
Michael McSweeney / The Block:
Voyager Digital suspends trading, deposits, withdrawals, and rewards citing market conditions, after issuing a default notice to 3AC in June over a ~$650M loan  —  - “This was a tremendously difficult decision, but we believe it is the right one given current market conditions,” CEO Stephen Ehrlich said in a statement.
Arthur Hayes / Entrepreneur's Handbook:
Mitchell Clark / The Verge:
Google plans to auto-delete visits to abortion clinics, domestic violence shelters, weight loss centers, and other sensitive places from users' location history  —  Along with visits to other potentially sensitive locations  —  Google says it'll start automatically deleting visits to abortion clinics …
Alex Barinka / Bloomberg:
In a letter to nine GOP senators, TikTok says China-based employees who clear internal security protocols can access certain information on TikTok's US users  —  TikTok, the viral video-sharing app owned by China's ByteDance Ltd., said certain employees outside the US can access information …
Dan Primack / Axios:
BlockFi agrees to an option to be acquired by FTX for up to $240M, plus a $400M revolving credit facility; BlockFi CEO: “we continue to see a healthy ecosystem”  —  Troubled crypto lender BlockFi said Friday that it agreed to an option to be acquired by FTX for up to $240 million.
Olga Kharif / Bloomberg:
Meta plans to shut down Novi, its digital wallet pilot, on September 1, 2022; users will no longer be able to add money to their accounts starting on July 21  —  The remainder of the cryptocurrency project that Meta Platforms Inc.'s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down.
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  —  A HackerOne employee stole vulnerability reports submitted through the bug bounty platform and disclosed them to affected customers to claim financial rewards.
Mark Gurman / Bloomberg:
As Apple ramped up Mac chip investments, improvements in its other chips slowed down; sources: Apple Watch Series 8 may be able to tell if users have a fever  —  When it comes to Apple's chip advancements, the company's iPhone and watch are taking a back seat to the Mac.
Wall Street Journal:
Sources: Klarna is nearing a deal to raise ~$650M mostly from existing investors led by Sequoia Capital at a ~$6.5B valuation, down from $45.6B in June 2021  —  The deal would be a huge comedown for the company, which investors valued at $45.6 billion in 2021
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  —  Gen Z may not be familiar with the RadioShack of their grandparents, but they're getting to know its replacement.
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  —  SAN SALVADOR — Bitcoiners — enthusiasts of the world's most popular cryptocurrency — aren't supposed to trust government.

Sponsor Posts

Airtable:
Meet Airtable ProductCentral  —  The unified solution for managing your entire product development process in the AI era.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
Zoho SalesIQ turns 10: Transforming customer experiences since 2014  —  October marked a remarkable milestone for Zoho SalesIQ—our 10th anniversary.  What began in 2014 as a simple live chat tool has evolved …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Ride Home:
Fri. 11/01 - ChatGPT Search
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:55 PM ET, July 3, 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.

More News

Chris Gilliard / Wired:
Andrew Deck / Rest of World:

Earlier Picks

Jonathan Chadwick / Daily Mail:
Chance Miller / 9to5Mac: